|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Afghanistan||01||01 - Liquidity Support||AFN|
|Afghanistan||01A||01A - Short-term lending||AFN|
|Afghanistan||01B||01B - Support policies for short-term lending||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 14 April 2020).||
No estimate/amount: The Financial Stability Committee is meeting regularly to assess evolving risks to the financial and monetary stability. Da Afghanistan Bank or DAB (central bank) has intensified its monitoring of banks and indicated its readiness to provide liquidity as needed.
|Afghanistan||01C||01C - Forex operations||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).||
No amount/estimate: (i) DAB is in discussions with money-service providers, who play a systemic role in financial transactions, to ensure uninterrupted services, including transactions in foreign currency, and to encourage enhancement of their remote services given closures; (ii) DAB remains focused on price stability and is committed to exchange rate flexibility, limiting its foreign interventions to preventing excessive volatility.
|Afghanistan||05||05 - Health and income support||AFN||43,571,630,000||553,700,060||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 17 September 2020).||
According to the mid-year budget revision to be submitted to parliament in September, authorities envisage a total of 2.9% of GDP for pandemic-related spending, with about 15% directed to health.
|Afghanistan||05A||05A - Health support||AFN||6,535,744,500||83,055,009||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).||
(i) The government has so far allocated AFN1.9 billion (0.1% of GDP) in the budget for emergency health needs, such as (a) establishing testing labs, including at border crossings, (b) setting up special wards to boost hospitalization and care capacity, and (c) procuring the most critical medical supplies.
|Afghanistan||05B||05B - Income support||AFN||37,035,885,500||470,645,051||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 26 June 2020).||
No amount/estimate: To ease tax compliance, the government extended filing deadlines, initially to May 20, now to July 5 for individual and business taxpayers.
|Armenia||01||01 - Liquidity Support||AMD|
|Armenia||01A||01A - Short-term lending||AMD|
|Armenia||01B||01B - Support policies for short-term lending||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).||
No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency.
|Armenia||01C||01C - Forex operations||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).||
(i) No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency. The CBA has undertaken some foreign exchange sales to limit excessive dram volatility since; (ii) the exchange rate has been allowed to adjust flexibly and has depreciated around 3% against the USD since the end of February. No balance of payment or capital control measures have been adopted.
|Armenia||05||05 - Health and income support||AMD||30,000,000,000||61,348,610|
|Armenia||05A||05A - Health support||AMD|
|Armenia||05B||05B - Income support||AMD||30,000,000,000||61,348,610||Asbarez. http://asbarez.com/193112/pashinyan-unveils-economic-aid-package-amid-state-of-emergency/ (accessed 16 April 2020).||
(i) No amount/estimate: Subsidize the interest rates of co-financed loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials; (ii) a package of AMD30 billion (over USD60 million) for urgent social assistance for the impoverished. See Measure 9: No breakdown.
|Azerbaijan||01||01 - Liquidity Support||AZN|
|Azerbaijan||01A||01A - Short-term lending||AZN|
|Azerbaijan||01B||01B - Support policies for short-term lending||AZN|
|Azerbaijan||01C||01C - Forex operations||AZN||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 01 October 2020).||
April, The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, conducted scheduled and extraordinary foreign exchange auctions, and satisfied all demands for foreign currency at the announced 1.7AZN/USD rate.
|Azerbaijan||05||05 - Health and income support||AZN||1,206,850,000||709,911,765|
|Azerbaijan||05A||05A - Health support||AZN||58,300,000||34,294,118||Ministry of Emergency Situations. http://www.fhn.gov.az/index.php?eng/news/xeber/2020/7/6/36724//1 (accessed 17 July 2020); Cabinet of Ministers. https://cabmin.gov.az/az/article/969/ (accessed 07 August 2020).||
(i) No amount/estimate: July 6, Installation of 10 modular hospital complexes in various regions of the country. It is expected to create 2,000 additional beds for the treatment of coronavirus patients; (ii) August 6, The government reported that medical personnel involved in the fight against COVID-19 received increased salaries from March to June. 64,038 medical staff have so far received salaries of AZN58.3 million; (iii) August 6, The government reported that 215 medical staff with extensive experience in COVID-19 from Turkey, the Russian Federation, People's Republic of China, Italy, and Cuba were brought to the country to work with Azerbaijan's medical personnel.
|Azerbaijan||05B||05B - Income support||AZN||1,148,550,000||675,617,647||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Caspian News. https://caspiannews.com/news-detail/azerbaijan-takes-measures-to-mitigate-covid-19-impact-on-economy-social-life-2020-4-6-1/ (accessed 15 April 2020); European Bank for Reconstruction and Development (EBRD). https://www.ebrd.com/news/2020/ebrd-and-azerbaijans-central-bank-promote-manat-lending-to-coronavirushit-firms.html (accessed 27 May 2020); Ministry of Economy. https://www.economy.gov.az/en/article/ozel-sektora-yeni-maliyye-desteyi-ve-i-qtisadiyyat-nazirinin-sahibkarlarla-onlayn-gorushunun-kechirileceyi-barede/31115 (accessed 07 August 2020); Ministry of Economy. https://www.economy.gov.az/en/article/ferdi-sahibkarlara-maliyye-desteyi-gosterilmesine-bashlanilib/31163 (accessed 12 August 2020).||
(i) April 6, AZN1 billion (USD588 million) for the government's subsidization of 10% of the interest for one year of existing company loans; (ii) No amount/estimate: April, Tax exemptions for micro-enterprises and value-added tax (VAT) exemption for some food and medicinal products, as well as the raw materials that are necessary; (iii) No amount/estimate: Lump-sum payments in the amount of living wage - AZN190 (USD112) to 200,000 unemployed citizens of the country. The payment is considered for two months. The social package aims to relieve the impact of the novel coronavirus on the social life of people by multiple tools, including creation of 50,000 paid public jobs, tuition support program for students from socially vulnerable families, financial support program for mortgage and credit guarantee mechanism, program to support communal fees, primarily for electricity consumption of the population, and financial support program for vital passenger transport activities; (iv) May 19, USD50 million, or about AZN85 million (of the USD200 million swap with the European Bank for Reconstruction and Development (EBRD)) is allocated as support to local firms, including smaller viable enterprises experiencing temporary difficulties; (v) No amount/estimate: August 6, The government announced a financial support package for pandemic-affected industries that did not implement significant reductions in the number of employees. Financial support will be paid in equal installments in two stages, covering August and September; (vi) August 11, The government announced a second phase of financial support to individual (micro) entrepreneurs. The first phase of the program has already released AZN63.55 million of cash transfers to 106,907 individual (micro) entrepreneurs.
|Georgia||01||01 - Liquidity Support||GEL||2,286,630,660||752,000,000|
|Georgia||01A||01A - Short-term lending||GEL|
|Georgia||01B||01B - Support policies for short-term lending||GEL||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).||
No amount/estimate: The National Bank of Georgia (NBG) announced measures to support capital and liquidity in the banking sector.
|Georgia||01C||01C - Forex operations||GEL||2,286,630,660||752,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 November 2020).||
(i) NBG has sold USD752 million in five interventions in the foreign exchange market, to prevent disorderly depreciation [update]; (ii) No amount/estimate: May 14, To ease lari liquidity pressures, the NBG started FX swap lines with banks and microfinance institutions in mid-April.
|Georgia||05||05 - Health and income support||GEL||3,636,500,000||1,195,929,036|
|Georgia||05A||05A - Health support||GEL||828,500,000||272,467,264||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
(i) May 7, Additional funds of about GEL350 million will be directed to health spending including lab testing and quarantine expenditures as well as increased costs associated with hospitalization, medical treatment, and medical supplies. (ii) GEL478.5 million for healthcare infastructure and other virus spread prevention costs.
|Georgia||05B||05B - Income support||GEL||2,808,000,000||923,461,772||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 20 July 2020). Agenda.ge https://agenda.ge/en/news/2020/2716 (accessed 4 September 2020)||
No amount/estimate: (i) April 24, The ‘Anti-Crisis Economic Action Plan’ listed the government’s initiatives to support the population and businesses along with the measures already implemented or announced by the government, such as the payment for gas, electricity and utilities for the for users consuming up to 200 kW of electricity and/or up to 200 m3 natural gas monthly; (ii) The government introduced the State Program for Maintaining Prices of Primary Consumption Food Products. The program envisages subsidies for certain imported products to keep their local price stable (rice, pasta, buckwheat, sunflower oil, sugar, milk powder, beans, wheat, and wheat powder) for the period from 15 March to 15 May 2020; (iii) Bank loan service holidays for individuals; income and property tax holidays for hotels (until Nov 1, 2020); (iv) Within the frame of the new program “Co-financing Mechanism for Supporting Family-owned, Small and Medium-size Hotel Industries”, Enterprise Georgia (the agency of the Ministry of Economic and Sustainable Development of Georgia) will co-finance up to 80% of the annual interest rate on loans issued to family-owned, small and medium-sized hotels. As of September 4, this measure has been extended for another 6 months; (v) The custom clearance term for vehicles imported before 1 April 2020 was extended to 1 September 2020 for car importers; (vi) No amount/estimate: VAT refunds will become automatic and will accelerate; (vii) GEL2.589 billion in transfer payments to individuals, corporate subsidies, and tax relief; (viii) No amount/estimate: Starting from January 2021, the rule of indexation of pensions will be introduced. According to this rule, the pensions will increase by at least the rate of inflation, plus a premium depending on the pensioner's age; (ix) GEL160 million in one-time assistance to all children below 18; (x) GEL35 million to help students from vulnerable families to cover one semester of their university tuition; (xi) GEL24 million total benefits for the self-employed, who lost their job during the pandemic and applied for government assistance, but were refused, as they failed to provide required documents [update]; (xii) No amount/estimate: The government will cover utility costs from November to February for vulnerable sectors.
|Kazakhstan||01||01 - Liquidity Support||KZT||1,750,000,000,000||4,244,996,968|
|Kazakhstan||01A||01A - Short-term lending||KZT||1,750,000,000,000||4,244,996,968||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020). KPMG. https://home.kpmg/xx/en/home/insights/2020/04/kazakhstan-government-and-institution-measures-in-response-to-covid.html (accessed 14 May 2020). OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020)||
(i) KZT1 trillion in subsidized lending under the “Economy of Simple Things” program. (ii) KZT600 billion to help small and medium-sized enterprises (SMEs) finance their working capital; (iii) May 14, KZT50 billion in loans to farmers through National Holding Kazagro and KZT100 billion through the “Economy of Common Goods” program.
|Kazakhstan||01B||01B - Support policies for short-term lending||KZT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020)||
No amount/estimate: As of June 10, Reduced liquidity coverage ratio requirement (from 80% to 60%).
|Kazakhstan||01C||01C - Forex operations||KZT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020). OECD. https://www.oecd.org/coronavirus/country-policy-tracker/ (accessed 8 July 2020)||
(i) No amount/estimate: The National Bank (NBK) allowed the tenge to depreciate by over 15% to almost 450 KZT/USD from March 9, intervening to mitigate excessive volatility. It also introduced a limit on bid-ask spread and lowered the ceiling of FX purchase without supporting import documents for the duration of the state of emergency. The exchange rate has recovered to around 430 KZT/USD, but remains vulnerable to oil price volatility; (ii) No amount/estimate: July 2, The President of Kazakhstan has assigned the objective to stabilise the exchange rate to the NBK on 2 July.
|Kazakhstan||05||05 - Health and income support||KZT||7,700,000,000,000||18,677,986,659||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020). OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020) KPMG. https://home.kpmg/xx/en/home/insights/2020/04/kazakhstan-government-and-institution-measures-in-response-to-covid.html (accessed 21 May 2020)||
(i) The President announced a significant anti-crisis package now totaling KZT 5.9 trillion. The anti-crisis package includes cash payments to the unemployed (USD95 per month per person), a 10% increase in pension and social benefits, and additional spending to strengthen the health sector (As of May 20: (a) KZT14.8 billion for the construction of three quarantine modular complexes in Nur-Sultan, Shymkent and Almaty; (b) KZT40.6 billion for incentive measures for healthcare workers participating in quarantine activities; (iii) KZT19.5 billion for health organizations treating coronavirus patients; (c) KZT8 billion in salaries will be paid to doctors, police officers and other specialists) and support employment and business; (ii) An additional KZT1.8 trillion will be allocated to support employment under an “Employment Roadmap” program; and (iii) No amount/estimate: SMEs and individual entrepreneurs are also eligible for new tax incentives; (iv) No amount/estimate: May 14, VAT rate has been reduced from 12% to 8% until 1 October 2020 with the exception of food and drugstores, transportation services, consulting services and information technology.
|Kazakhstan||05A||05A - Health support||KZT|
|Kazakhstan||05B||05B - Income support||KZT||OECD. https://www.oecd.org/coronavirus/en/ (accessed 30 July 2020).||
(i) No amount/estimate: May 20, residents in Almaty can defer utility payments for March and April until the end of 2020 with no fines or penalty. Reimbursement of utilities expenses for April and May in amount of KZT15,000 will also be provided for socially vulnerable groups; (ii) No amount/estimate: July, The government announced a new round of income support payments of KZT42,500 to certain categories of the population.
|Kyrgyz Republic||01||01 - Liquidity Support||KGS||24,381,410,205||326,803,811|
|Kyrgyz Republic||01A||01A - Short-term lending||KGS||1,000,000,000||13,403,811||Kabar. http://en.kabar.kg/news/kyrgyz-national-bank-to-allocate-kgs-5.2-billion-to-support-countrys-economy/ (accessed 17 May 2020).||
May 10, As part of the Kyrgyz Government’s anti-crisis plan, the National Bank of the Kyrgyz Republic (NBKR, the central bank) will allocate KGS1 billion for floating capital.
|Kyrgyz Republic||01B||01B - Support policies for short-term lending||KGS||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
No amount/estimate: April, The National Bank of the Kyrgyz Republic will postpone enactment of several financial regulations until further notice. In addition, it took the following decisions: (i) liquidity ratio is lowered to a minimum of 30% (from the current 45%); (ii) liquidity ratio requirements (7-day and overnight/instant) will be removed; and (iii) minimum threshold level for mandatory reserve requirements is reduced from 80% to 70%.
|Kyrgyz Republic||01C||01C - Forex operations||KGS||23,381,410,205||313,400,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020, 9 July 2020, 16 September 2020, 2 October 2020, 12 October 2020, 6 November 2020).||
As of October 22, The National Bank of the Kyrgyz Republic already sold USD313.4 million of foreign exchange reserves [update].
|Kyrgyz Republic||05||05 - Health and income support||KGS||5,400,000,000||72,380,579||Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/covid-19-menen-krshg-respublikalyk-byudzhetten-38-(accessed 12 July 2020). Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/covid-19-virusunun-taralyshyn-aldyn-aluuga-respubl (accessed 12 July 2020). Kabar. http://en.kabar.kg/news/kyrgyz-government-allocates-kgs-640-mln-for-possible-second-wave-of-coronavirus/ (accessed 16 September 2020).||
July 3, KGS3.8 billion is allocated from the republican budget for the expenses related to COVID-19. KGS1.8 billion has been spent since February 2020 for the: (a) payment to health workers, (b) purchase of disinfectants, test kits, and personal protective equipment, (c) purchase of food wheat grain, (d) provision of financial assistance for the travel of students outside the republic, etc. As of September 15, KGS5.4 billion was allocated from the republican budget, of which KGS5.2 billion was used. Utilization of KGS5.2 billion as of September 15: (a) KGS2.1 billion for the purchase of medical equipment, PCR, reagents, medical products, PPE, (b) KGS785 million for the compensation of medical workers,(c) KGS452 million for the compensation of employees of law enforcement agencies, (d) KGS454 million for medical makeshift hospitals and meals, (e) KGS200 million for the provision of food for low-income families, (e) KGS221 million for the vaccines against flu and pneumococcus, (f) KGS1.1 billion for the provision of grain and medicines.
|Kyrgyz Republic||05A||05A - Health support||KGS|
|Kyrgyz Republic||05B||05B - Income support||KGS||Government of the Kyrgyz Republic. https://www.gov.kg/ky/post/s/okmt-koronaviruska-karshy-krsht-paydalanylchu-bir-katar-importtoluuchu-tovarlardy-kns-boshottu (accessed 17 September 2020).||
No amount/estimate: September 15, The Government of the Kyrgyz Republic has exempted from VAT a number of imported goods used in the fight against coronavirus. The decision is valid from August 1 to December 31, 2020.