|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Afghanistan||09B||09B - International loans/grants||AFN|
|Afghanistan||11||11 - Other Economic Measures||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 24 July 2020)||
(i) The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia; (ii) On July 15, trade with India through Wagah border post in Pakistan resumed.
|Arab Republic of Egypt||09B||09B - International loans/grants||EGP|
|Arab Republic of Egypt||11||11 - Other Economic Measures||EGP||Central Bank of Egypt. https://www.cbe.org.eg/en/Pages/HighlightsPages/Circular-dated-6-August,-2020-regarding-allowing-banks-to-own-unlimited-shares-in-payment-service-providers-and-payment-sys.aspx (accessed 12 August 2020). World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
No amount/estimate: (i) March 20, The limit for electronic payments via mobile phones has been raised to EGP30,000/day and EGP100,000/month for individuals, and to EGP40,000/day and EGP200,000/per week for corporations; (ii) March 29, The central bank set a daily limit on all ATM disbursement per card to be EGP5,000, and limits to cash withdrawal and deposits at a bank branch to be EGP10,000 per individual, and EGP50,000 per corporate; (iii) The cost of transactions in the EGX will be reduced from 0.15% to 0.125% and from 0.15% to 0.05% for non-residents and Egyptian residents, respectively, and all spot transactions on EGX will be exempt from stamp duty; (iv) The National Bank of Egypt and Bank Misr announced a one-year deposit program with a 15% interest rate; (v) August 6, Allowed banks to own unlimited shares in payment service providers and payment systems operators.
|Argentina||09B||09B - International loans/grants||ARS|
|Argentina||11||11 - Other Economic Measures||ARS||0||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 9 May 2020, 26 June 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 April 2020). Official Bulletin of Argentina. https://www.boletinoficial.gob.ar/detalleAviso/primera/232522/20200724 (accesed 31 July 2020). Official Bulletin of Argentina. https://www.boletinoficial.gob.ar/detalleAviso/primera/230897/20200619 (accessed 2 October 2020).||
(i) Capital Flow Management Measures (CFMs) that were already in place since August 2019 have largely protected Argentina so far from the impact of capital outflows; (ii) Adopted anti-price gouging policies, including price controls for food and medical supplies and ringfencing of essential supplies, including certain export restrictions on medical supplies and equipment and centralization of the sale of essential medical supplies.; (iii) April 28, Ordered that the Common Investment Funds (FCI) in pesos must invest at least 75% of their assets in financial instruments and negotiable securities issued in the Argentine Republic; (iv) Extended deadline of filing financial statements for small and medium-sized corporations; (v) May 16, extended validity of Maximum Prices until June 20; (vi) May 18, suspended price increases mobile and fixed telephony, Internet and pay TV services until August 31; June 18, extended until end of the year ; (v) May 19, set the domestic price of a barrel of oil at USD45 with the objective of reactivating the national hydrocarbon industry, guaranteeing the continuity of jobs and promoting self-sufficiency; (vi) June 18, extended the suspension of the closure and disabling of bank accounts until December 31, 2020, inclusive; (vii) July 23, extension of 15 days for presentation and payment of tax returns on earnings and personal and identity assets.
|Armenia||09B||09B - International loans/grants||AMD|
|Armenia||11||11 - Other Economic Measures||AMD||KPMG. https://home.kpmg/xx/en/home/insights/2020/04/armenia-government-and-institution-measures-in-response-to-covid.html (accessed 14 May 2020)||
May 14, Temporary restrictions on the export of medical masks, gloves and goggles, biohazard suits, medical robes, antiviral medicines, gauze and other medical products.
|Australia||09B||09B - International loans/grants||AUD||280,000,000||174,104,000||Department of Foreign Affairs and Trade (DFAT). https://www.foreignminister.gov.au/minister/marise-payne/media-release/partnering-our-neighbours-respond-covid-19 (accessed 31 May 2020).||
May 29, The Australian Government’s Partnerships for Recovery policy is redirecting over AUD280 million from the existing development program to minimize the impact of the COVID-19 pandemic in the Pacific and Southeast Asia.
|Australia||11||11 - Other Economic Measures||AUD|
|Austria||09B||09B - International loans/grants||EUR|
|Austria||11||11 - Other Economic Measures||EUR||BMF. https://www.bmf.gv.at/presse/pressemeldungen/2020/juni/regierungsklausur.html (accessed 17 June 2020). Austrian Financial Market Authority. https://www.fma.gv.at/fma-beendet-die-per-verordnung-erlassenen-einschraenkungen-fuer-leerverkaeufe-in-bestimmten-finanzinstrumenten-die-an-der-wiener-boerse-notieren/ (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#A (accessed 9 May 2020).||
(i) On March 18, the Financial Market Authority prohibited short sales for one month following the massive drop in prices on the Vienna Stock Exchange due to betting on covered share price losses and and extended the prohibition to May 18 on April 16; (ii) No amount/estimate: May 18: Ended the restrictions on short sales beginning midnight of the same day. (iii) June 16, To incentivize companies to buy capital goods, added a degressive depreciation option for an unlimited period, up to 30% of an investment good should be written off in the first year.
|Azerbaijan||09B||09B - International loans/grants||AZN||8,500,000||5,000,000||World Health Organization (WHO). http://www.euro.who.int/en/countries/azerbaijan/news/news/2020/3/azerbaijan-steps-up-covid-19-preparedness-and-readiness-measures,-welcoming-who-mission (accessed 15 April 2020).||
(i) March, Azerbaijan is contributing to global efforts to address COVID-19, coordinating with neighboring countries, and has pledged USD5 million to World Health Organization's strategic preparedness and response plan.
|Azerbaijan||11||11 - Other Economic Measures||AZN||114,147,378||67,145,516||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); The Coronavirus Response Fund. http://covid19fund.gov.az/en/ (accessed 19 April 2020); Eurasianet. https://eurasianet.org/to-fight-coronavirus-azerbaijan-passes-the-hat (accessed 19 April 2020); Coronavirus Response Fund. http://covid19fund.gov.az/en/donation (accessed 23 July 2020).||
(i) March, Establishment of the Coronavirus Response Fund under the Decree of the President of the Republic of Azerbaijan of March 19, 2020. The government itself is asking for donations from citizens, organizations, and businesses to help it deal with the disease in Azerbaijan. According to President Ilham Aliyev, the basic goal of the fund is for the people of Azerbaijan to within the limits of their capability, demonstrate their civil solidarity and generosity which are foundations of their society. The fund has raised AZN114 million as of July 20; (ii) April, The CBA and commercial banks have shifted to a seven-day work week, including to allow individuals and businesses to convert their manat holdings into foreign currency; (iii) April 23, The CBA also announced that it will extend its guarantees on insurance premiums.
|Bangladesh||09B||09B - International loans/grants||BDT|
|Bangladesh||11||11 - Other Economic Measures||BDT||Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/jun102020brpd12.pdf (accessed 29 June 2020).||
BB instructed banks to waive customers interest for the period from 1 April to 31 May based unclassified loan outstanding balance as at 30 March 2020. According to the instruction, loan balance upto BDT 0.1m, waiver the whole amount of interest; loan balance more than BDT 0.1m to BDT 1m interest, interest waiver @2% annually; loan balance more than BDT 1m; interest waiver @1%. Customer wise maximum amount of waiver is BDT 1.2m.
|Belgium||09B||09B - International loans/grants||EUR|
|Belgium||11||11 - Other Economic Measures||EUR||Federale Overheidsdienst Financiën. https://financien.belgium.be/nl/Actueel/akkoord-onderling-overleg-tussen-de-autoriteiten-van-duitsland-en-belgi%C3%AB-ter-verlenging-van (accessed 02 June 2020). Financial Services and Market Authority. https://www.fsma.be/nl/news/de-fsma-kondigt-de-opschorting-van-het-verbod-op-het-innemen-verhogen-van-nettoshortposities (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 9 May 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 30 April 2020).||
(i) March 30, Belgian Debt Agency issued a new syndicated EURO benchmark bond maturing October 22nd, 2027 (OLO 91) in the near future and increased the number of OLO auctions by also organizing auctions on the penultimate Monday of May, August and October; (ii) March 30, Belgian Debt Agency stops buying back OLOs maturing in 2022; (iii) April 8, The Federal Debt Agency announces that it has accepted the offers for the auction of Treasury certificates of today for a total amount of EUR 2.280 billion; (iv) Ban on short-selling stocks until May 17; (v) May 12, the Financial Services and Markets Authority agreed to not take action against companies that will not be able to comply with mandatory data provision on code of conduct risk models by June 30, 2020; (vi) May 18: Suspended the ban on short selling; (vii) June 2: Extended the agreement on taxation of cross-border workers with Germany and Netherlands until June 30, 2020.
|Bhutan||09B||09B - International loans/grants||BTN/INR|
|Bhutan||11||11 - Other Economic Measures||BTN/INR||3,000,000,000||40,368,052||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Royal Monetary Authority. https://www.rma.org.bt/rgobbond.jsp (accessed 01 October 2020).||
(i) Office of Consumer Protection has published market price information of essential commodities as of March 11, to monitor and keep track of price movement in the market and provide information to consumers for informed purchase decision; (ii) March 24, A ban on select food product (e.g., betel leaf, betel nut) import from India has been imposed to curb the spread of COVID-19; (iii) June 29, Import of luxury motor vehicles and bikes have been suspended; (iv) September 4, The Royal Monetary Authority announced the issuance of a 3-year government bond of BTN3,000 million with an annual coupon rate of 6.5% to promote capital market development amid the pandemic [update].
|Brazil||09B||09B - International loans/grants||BRL|
|Brazil||11||11 - Other Economic Measures||BRL||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#B (Accessed 29 April 2020). AGB. https://agenciabrasil.ebc.com.br/en/economia/noticia/2020-05/pandemic-brought-down-76-brazils-industrial-sector (accessed 14 May 2020). Reuters. https://www.reuters.com/article/us-brazil-gdp-fall/brazil-4-7-gdp-this-year-would-be-biggest-fall-since-1900-economy-ministry-idUSKBN22P2J3 (accessed 14 May 2020). Ministry of Economy https://www.gov.br/economia/pt-br/assuntos/noticias/2020/trabalho/julho/decreto-prorroga-por-ate-120-dias-prazos-dos-acordos-do-beneficio-emergencial (accessed 20 July 2020)||
(i) With congress declaring a state of “public calamity” on March 20, the government’s obligation to comply with the primary balance target in 2020 has been lifted. (ii) Proposed a bill creating a separate budget (“war-budget”) to expedite fiscal relief assistance and authorize the central bank to buy and sell government and corporate debt securities among other extraordinary measures. (iii) Pandemic leads 76% of Brazil’s industrial sector to cut production. (iv) Brazil’s government lowered its 2020 economic outlook on Wednesday, forecasting a gross domestic product contraction of 4.7%, which would signal the country’s biggest economic crash in more than a century. (v) July 14, the Ministry of Economy announced the extension of the proportional reduction of work and salary agreements and temporary suspension of the Benefit's employment contract via the Emergency Preservation of Employment and Income (BEm)
|Brunei Darussalam||09B||09B - International loans/grants||BND|
|Brunei Darussalam||11||11 - Other Economic Measures||BND|
|Cambodia||09B||09B - International loans/grants||KHR|
|Cambodia||11||11 - Other Economic Measures||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) April, The government has ordered the suspension of white rice exports, to secure domestic supplies; (ii) May 20, suspension of white rice exports has been lifted; (iii) June, The Royal Government will introduce Phase 1 of the IT business registration platform in early June 2020 to facilitate and promote business registration, especially to make it easy for those companies wishing to be registered to obtain loans from the Royal Government’s special financing program.
|Canada||09B||09B - International loans/grants||CAD|
|Canada||11||11 - Other Economic Measures||CAD|
|Cook Islands||09B||09B - International loans/grants||NZD|
|Cook Islands||11||11 - Other Economic Measures||NZD|
|Denmark||09B||09B - International loans/grants||DKK||5,048,941,832||747,490,036||UN. http://mptf.undp.org/factsheet/fund/COV00 (accessed 22 May 2020). Denmark government. https://em.dk/nyhedsarkiv/2020/juli/milliarder-til-ny-coronafond-skal-skabe-vaekst-og-nye-job/ (accessed 2 July 2020)||
(i) As of May 20, contributed USD7,245,782 to the UN COVID-19 Response and Recovery Fund; (ii) July 1, contributed DKK5 billion to the European Guarantee Fund to help especially small and medium-sized businesses affected by the crisis.
|Denmark||11||11 - Other Economic Measures||DKK||Denmark government. https://em.dk/nyhedsarkiv/2020/august/regeringen-og-erhvervslivet-vil-hjaelpe-dansk-eksport-i-coronakrisen/ (accessed 13 August 2020). Denmark government. https://em.dk/nyhedsarkiv/2020/august/ivaerksaettere-faar-hjaelpende-haand-ny-politisk-aftale-letter-omregistrering/ (accessed 27 July 2020)||
(i) August 11, set up a Forum for restarting Danish exports, and eight Restart Teams from various industries to contribute their input; (ii) August 21, Gave entrepreneurs a better opportunity to re-register entrepreneurial companies as private limited companies. Also extended the deadline for re-registration to 15 October 2021.
|European Central Bank||09B||09B - International loans/grants||EUR|
|European Central Bank||11||11 - Other Economic Measures||EUR|
|European Union||09B||09B - International loans/grants||EUR||500,279,700,000||553,406,747,788||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EIB. https://www.eib.org/en/press/all/2020-164-coronavirus-global-response-eib-and-commission-pledge-additional-eur4-9-billion (accessed 14 July 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/IP_20_1344 (accessed 18 July 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1374 (accessed 23 July 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1343 (accessed 23 July 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1403 (accessed 27 July 2020); https://eeas.europa.eu/delegations/georgia/83731/team-europe-eib-lends-eur-10-million-credo-bank-under-its-georgia-outreach-initiative-support_en (accessed 5 August 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1457 (accessed 15 August 2020); EIB. https://www.eib.org/en/press/all/2020-218-eib-and-afreximbank-direct-eur-300m-of-support-to-african-covid-response (accessed 19 August 2020); European Parliament. https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637893/EPRS_BRI(2019)637893_EN.pdf (accessed 5 September 2020). EC. https://www.consilium.europa.eu/en/press/press-releases/2020/09/11/addressing-covid-19-council-approves-6-2-billion-budget-increase-for-2020/ (accessed 12 September 2020); EIB. https://www.eib.org/en/press/all/2020-233-eib-supports-poland-in-the-fight-against-covid-19 (accessed 18 September 2020); Daily News Egypt. https://dailynewsegypt.com/2020/09/04/eib-nbe-sign-e-800m-financing-agreement-to-ensure-resilient-post-covid-19-recovery-for-smes/ (accessed 21 September 2020); EEAS. https://eeas.europa.eu/headquarters/headquarters-homepage/77470/%E2%80%9Cteam-europe%E2%80%9D-global-eu-response-covid-19-supporting-partner-countries-and-fragile-populations_en (accessed 24 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1694 (accessed 24 September 2020); EIB. https://www.eib.org/en/press/all/2020-241-la-banque-europeenne-d-investissement-et-le-credit-agricole-du-maroc-signent-un-accord-de-financement-de-200-millions-d-euros-pour-soutenir-les-ecosystemes-agricoles (accessed 24 September 2020); EIB. https://www.eib.org/en/press/all/2020-244-irish-finance-minister-welcomes-expected-eur-1-billion-eib-support-for-new-investment-in-2020-and-accelerated-support-for-covid-19-business-financing (accessed 24 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1718 (accessed 26 September 2020); EC. https://www.consilium.europa.eu/en/press/press-releases/2020/09/25/covid-19-council-approves-87-4-billion-in-financial-support-for-member-states-under-sure/ (accessed 3 October 2020).||
For EU Member States: (i) 9 April, EU finance ministers decided to establish Pandemic Crisis Support credit lines within the framework of the European Stability Mechanism (ESM). Access granted will be 2% of the respective country's GDP as of end-2019, as a benchmark (about EUR 240 billion in total). The credit line will be available until the COVID-19 crisis is over. The only requirement to access the credit line is that euro area Member States requesting support would commit to use this credit line to finance direct and indirect healthcare, cure and prevention related costs due to the COVID 19 crisis. On May 15, the Board of Governors of the ESM approved the establishment of Pandemic Crisis Support; (ii) EUR100 billion to finance the short-term unemployment mechanisms through the loans provided by the EU Commision to EU member states (SURE mechanism) backed by EUR 25 billion of guarantees voluntarily committed by Member States to the EU budget. On May 20, a Regulation establishing SURE entered into force. Countries will be able to use loans also in support of some health-related measures, esp. in the workplace. SURE will become available once all Member States have provided the required guarantees proportionally to gross national income, and will remain available until end-2022 (with the possibility to adjust this deadline). On August 24, the European Commission has presented proposals to the Council for decisions to grant financial support of EUR81.4 billion to 15 Member States under the SURE instrument. Once the Council approves these proposals, the financial support will be provided in the form of loans granted on favourable terms from the EU to Member States. These loans will assist Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help Member States to cover the costs directly related to the financing of national short-time work schemes, and other similar measures they have put in place as a response to the coronavirus pandemic, in particular for the self-employed. September 25, EU Council approves the EUR87.4 billion in financial support for member states under SURE [update]; (iii) March, EUR37 billion unallocated funds of cohesion policy funding 2014-2020 will be eligible for Coronavirus crisis related expenditure within the Corona Response Investment Initiative. Member States can use them to support public investment for hospitals, SMEs, labor markets, and stressed regions. The Coronavirus Response Investment Initiative Plus (CRII+), proposed on 2 April, complements the CRII by further enhancing flexibility in the use of cohesion funds. This enhanced flexibility is inter alia provided through transfer possibilities across the three cohesion policy funds (the European Regional Development Fund, European Social Fund and Cohesion Fund), transfers between the different categories of regions (e.g. less vs more developed), flexibility regarding thematic concentration, the possibility for a 100% EU co-financing rate for the accounting year 2020-2021, and simplified procedural steps. September 11, the Council agreed to add EUR6.2 billion to the EU 2020 budget to address the impact of the COVID-19-crisis. Draft amending budget No 8 includes increasing payments by EUR5.1 billion for the Corona Response Investment Initiative (CRII) and the Corona Response Investment Initiative Plus (CRII+). The money will be used to cover the additional needs for cohesion funding forecast until the end of the year. The CRII redirects unspent money from the EU budget to tackling the COVID-19 crisis, whilst the CRII+ relaxes the cohesion spending rules to increase flexibility. September 23, the EC has approved the modification of nine more Cohesion policy operational programmes in Spain, worth a total of EUR1.2 billion from the European Regional Development Fund (ERDF) to alleviate the impact of the coronavirus outbreak. This comprehensive recovery approach will reallocate funds to strengthen the response capacity of the Spanish health system with supplementary hospital beds, the purchase of pharmaceutical and laboratory material, medical and protective equipment. Moreover, support to SMEs will contribute to boost the economic sector. Finally, EU funds will be redirected to develop the ITC of the education and training sectors [update]; (iv) European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of its three sources of funding is a grant, the A Just Transition Fund, which will receive EUR7.5 billion of fresh EU funds. In order to tap into their share of the Fund, Member States will, in dialogue with the Commission, have to identify the eligible territories through dedicated territorial just transition plans. They will also have to commit to match each euro from the Just Transition Fund with money from the European Regional Development Fund and the European Social Fund Plus and provide additional national resources. Taken together, this will provide between EUR30 and EUR50 billion of funding. It will, for example, support workers to develop skills and competences for the job market of the future and help SMEs, start-ups and incubators to create new economic opportunities in these regions. It will also support investments in the clean energy transition, for example in energy efficiency. Another source of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. It will be used for loans to the public sector, for instance for investments in district heating networks and renovation of buildings; (v) September 9, EIB made available EUR650 million to the Polish Ministry of Finance to support the country’s efforts in combating the pandemic; (vi) September 21, EIB expects to provide more than EUR1 billion to support new COVID-19 and Brexit business financing programmes, climate action and education investment in Ireland in 2020 and work closely with Irish authorities to implement the National Recovery Plan [update]. For Non-EU Member States (i) July, The EU will secure financial support to partner countries amounting to more than EUR15.9 billion (increased from EUR15.6) from existing external action resources; (ii) April 11, A EUR20 billion Team Europe package to support partner countries to combat the coronavirus pandemic and its consequences. The Team Europe package has the aim of supporting the most vulnerable countries and people most at risk, in the EU’s neighbourhood, with special emphasis on Africa, and also in the Pacific, in Latin America and the Caribbean [update]. August 5, EIB is directing EUR300 million of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic. September 18, EUR400 million contribution in guarantees to support the COVAX Facility for equitable access to affordable COVID-19 vaccines. This is part of the Team Europe response [update]; (iii) March 31, Added a new package of almost EUR240 million to the EU Regional Trust Fund in Response to the Syrian Crisis; (iv) June, EUR1 billion for the European Fund for Sustainable Development (EFSD) which is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa; (v) July 16, EUR15 million humanitarian funding for Haiti; (vi) July 29, The European Commission (EC) is providing EUR64.7 million in humanitarian aid for countries in the southern Africa region to help support people in need dealing with the coronavirus pandemic, extreme weather conditions such as persistent drought in the region and other crises; (vii) August 3, the EIB will lend EUR10 million in synthetic local currency to Credo Bank, the leading actor on microfinance market in Georgia predominantly servicing enterprises in rural areas and agricultural sector. This is the second loan under the EIB's Georgia Outreach Initiative launched to improve access to finance for the country's MSMEs. Loans will be available under flexible terms to help maintain liquidity of MSMEs to continue operating and preserve jobs. The loan comes as a part of the immediate response to Covid-19 pandemic launched by the EU and its Team Europe and is facilitated by an EU grant; (viii) August 11, EUR3 billion macro-financial assistance (MFA) programmes for ten enlargement and neighbourhood partners (Albania, Bosnia and Herzegovina, Georgia, Jordan, Kosovo, Moldova, Montenegro, North Macedonia, Tunisia and Ukraine), aimed to help them limit the economic fallout of the coronavirus pandemic. The MFA funds will be made available for 12 months in the form of loans on highly favourable terms to help these countries cover their immediate, urgent financing needs; (ix) September 6, EIB and Egypt’s National Bank of Egypt have signed an agreement, worth EUR800 million, to meet the financial needs of small- and medium-sized enterprises and build their resilience to the novel coronavirus (COVID-19) pandemic. The agreement between the two banks comes as part of a larger agreement approved by the EIB worth EUR1.9 billion, where EUR1.1 billion will be provided for the transport sector and EUR800 million for SMEs; (x) September 16, EIB and Morocco’s Crédit Agricole du Maroc sign a EUR200 million financing agreement to support agricultural ecosystems [update].
|European Union||11||11 - Other Economic Measures||EUR||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accesed 20 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020); ESMA. https://www.esma.europa.eu/press-news/esma-news/esma-provides-option-apply-annual-transparency-calculations-non-equity (accessed 19 September 2020); ESMA. https://www.esma.europa.eu/press-news/esma-news/esma-renews-its-decision-requiring-net-short-position-holders-report-position-0 (accessed 19 September 2020); EBA. https://eba.europa.eu/eba-launches-eu-wide-transparency-exercise (accessed 1 October 2020).||
(i) March to April, ESMA, EU's securities and markets regulator, issued various statements to adjust compliance and reporting schedule, clarify accounting standard applications (e.g. IAS 8, IFRS 9, and IFRS 17), and ensure alignment of reporting requirements and supervisory practices in the EU; (ii) April 26, Export restriction of critical COVID-related products; (iii) September 7, ESMA provides for the option to apply the annual transparency calculations for non-equity instruments from 21 September; (iv) September 17, The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position reaches or exceeds 0.1% of the issued share capital. The measure applies from 18 September 2020 for a period of three months; (v) September 25, The European Banking Authority launched its 7th annual EU-wide transparency exercise, with the objective of providing market participants with updated information on the financial conditions of EU banks as of June 2020, thus assessing the preliminary impact of the COVID-19 crisis on the sector. The EBA expects to publish the results of this exercise at the beginning of December, along with the Risk Assessment Report [update].
|Federated States of Micronesia||09B||09B - International loans/grants||USD|
|Federated States of Micronesia||11||11 - Other Economic Measures||USD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).||
(i) No monetary policy response. With the U.S. dollar its legal tender, the FSM does not have a central bank; and (ii) No exchange rate policy response, given that U.S. dollar is the legal tender of the FSM.
|Fiji||09B||09B - International loans/grants||FJD|
|Fiji||11||11 - Other Economic Measures||FJD|
|Finland||09B||09B - International loans/grants||EUR||5,500,000||6,084,071||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (1 May 2020).||
The Finnish Government agreed to increase funding for the World Health Organization (WHO) to EUR5.5 million .
|Finland||11||11 - Other Economic Measures||EUR||Finnish Government. https://valtioneuvosto.fi/en/-/1271139/amendments-to-pharmaceutical-legislation-aim-to-ensure-availability-and-sufficiency-of-medicines- (accessed 18 July 2020).||
Amendments to pharmaceutical legislation to allow Ministry of Social Affairs and Health has the right to temporarily restrict or authorise the prescription and dispensing of medicines intended for treating infectious diseases .