|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Afghanistan||10||10 - No breakdown||AFN|
|Arab Republic of Egypt||10||10 - No breakdown||EGP|
|Argentina||10||10 - No breakdown||ARS||135,620,000,000||2,161,274,900||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 27 April 2020).||
(i) Created the Provincial Financial Emergency Program, which allocates ARS120 billion to provincial administrations from the National Treasury Contribution Fund and the Fund Trustee for Provincial Development aimed at sustaining provincial finances and meet the needs caused by the COVID-19 pandemic; (ii) 12 June 2020, ARS120 million to create Trust Fund for Provincial Development, which provides financial assistance for the provinces; (iii) 16 June 2020, ARS13.6 billion, included the provinces of Córdoba, Santa Fe, Misiones and Santa Cruz in the Provincial Financial Emergency Program.
|Armenia||10||10 - No breakdown||AMD||245,000,000,000||501,013,646||UNESCAP. https://www.unescap.org/sites/default/files/Armenia_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)||
(i) Government assistance package with a headline amount of at least AMD300 billion to mitigate the socio-economic issues related to the pandemic, although this includes a variety of direct spending, state-sponsored loans and increased investment. The key measures include (a) direct labor subsidies to micro enterprises and SMEs that retain their employees and maintain their wage; (b) strategic support to innovative companies, although the details of this last element are not yet final; (ii) 27 March 2020, For Armenia-registered economic entities or individual entrepreneurs with competitive business ideas, 75% of financial resources are provided as interest-free loans with a maturity of eight years and the other 25% are provided as grants.
|Australia||10||10 - No breakdown||AUD|
|Austria||10||10 - No breakdown||EUR|
|Azerbaijan||10||10 - No breakdown||AZN||1,000,000,000||588,235,294||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).||
March 2020, AZN1 billion is part of the announced support amounting to AZN2.5 billion to reduce the negative impact of COVID-19 outbreak on the national economy, the entrepreneurship and banking sectors, as well as for strengthening the social protection of the people.
|Bangladesh||10||10 - No breakdown||BDT|
|Belgium||10||10 - No breakdown||EUR|
|Bhutan||10||10 - No breakdown||BTN/INR|
|Brazil||10||10 - No breakdown||BRL|
|Brunei Darussalam||10||10 - No breakdown||BND|
|Cambodia||10||10 - No breakdown||KHR||8,111,545,454,540||2,000,000,000||CNBC interview with the National Bank of Cambodia. https://www.msn.com/en-us/video/t/cambodian-lenders-have-ample-liquidity-to-last-until-end-2020-says-central-bank/vp-BB12xZ7R (accessed 14 April 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) April 2020, The government has put together a USD2 billion stimulus package for eventual loss of jobs of the factory workers. This measure is an attempt to revive the economy (See Measures 1, 5, and 6); (ii) 26 May 2020, The Ministry of Economy and Finance will prepare additional financing of USD300 million to support and act as a catalyst for promoting growth in key sectors during and after the crisis.
|Canada||10||10 - No breakdown||CAD|
|Cook Islands||10||10 - No breakdown||NZD|
|Denmark||10||10 - No breakdown||DKK||9,500,000,000||1,406,464,083||Denmark government. https://em.dk/nyhedsarkiv/2021/februar/ny-milliardaftale-loefter-hjaelp-til-selvstaendige-og-forlaenger-hjaelpepakker/ (accessed 11 February 2021); Denmark government. https://fm.dk/nyheder/nyhedsarkiv/2021/marts/genaabning-og-udbetaling-af-feriepenge-styrker-dansk-oekonomi (accessed 27 March 2021)||
(i) 9 February 2021, The government passed a new DKK9.5 billion package including the following measures: (a) support to self-employed individuals through sickness and unemployment benefits, (b) support to companies for their fixed costs, (c) loan and travel guarantee schemes, and (d) funding for cultural activities. Some measures with amounts are enumerated in item (x) of Measure 5B4.
|European Central Bank||10||10 - No breakdown||EUR||ECB. https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200522~f0355619ae.en.html (24 May 2020).||
22 May 2020, The account of the monetary policy meeting of the Governing Council of the ECB on 29-30 April was released. According to it, the ECB was fully prepared to adjust all of its measures, as appropriate, to ensure that inflation moved towards its aim in a sustained manner, in particular signalling that it was fully prepared to increase the size of the PEPP and adjust its composition as much as necessary and for as long as needed .
|European Union||10||10 - No breakdown||EUR||373,100,000,000||412,721,238,938||European Council. https://www.consilium.europa.eu/en/meetings/european-council/2020/07/17-21/ (accessed 20 January 2021). EC. https://ec.europa.eu/info/sites/info/files/about_the_european_commission/eu_budget/eafrd_-_ngeu.pdf (accessed 20 February 2021); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_21_1046 (accessed 13 March 2021).||
21 July 2020, The NextGenerationEU package of EUR750 billion was jointly agreed with the EU budget for 2021-2027 (amounting to EUR1074.3 billion). It is a specific recovery package designed to deal with the effects of COVID-19, and is additional to the EU budget (For details, see: http://bit.ly/38ZNFqp). Of the total, EUR360 billion refer to loans and its next funds include: Recovery and Resilience Facility (RRF) - the main instrument of the package and will be used by each of the member states (for details, see http://bit.ly/38XbzCK), REACT-EU; Horizon Europe, InvestEU, Rural Development, Just Transition Fund (JTF), and RescEU (See infographics with amounts per fund: http://bit.ly/3qC3mKh). Allocation between countries has been approved for the following funds: (a) EUR312.5 billion for RRF: 70% under the grants of the Recovery and Resilience Facility will be committed in 2021 and 2022 and 30% will be committed in 2023. The first part has already been allocated based on living standards, size and unemployment levels: (https://bit.ly/38YWlx0); (b) EUR37.5 billion for REACT-EU (https://bit.ly/35XTKBD); and (c) EUR10 billion for Just Transition Fund (https://bit.ly/3p0JzDL). Other funds are yet to be allocated and some funds will include programs directly managed by the EC. 8 February 2021, allocation per country of the EUR7.5 billion for the Rural Development agricultural fund has been approved. 9 March 2021,The European Parliament has approved InvestEU with a NextGenerationEU funding of EUR5.6 billion.
|Federated States of Micronesia||10||10 - No breakdown||USD|
|Fiji||10||10 - No breakdown||FJD|
|Finland||10||10 - No breakdown||EUR|
|France||10||10 - No breakdown||EUR||29,368,000,000||32,486,725,664||Economie. https://www.economie.gouv.fr/3-projet-loi-finances-rectificative-plfr-iii-2020# (accessed 30 June 2020). Economie. https://www.economie.gouv.fr/bruno-le-maire-presente-mesures-urgence-economiques# (accessed 7 November 2020).||
(i) 6 June 2020, The government announced a strengthened support system for the sectors affected by the COVID-19 crisis including: EUR5.168 billion to support the aeronautic sector; EUR4.5 billion support for the resumption of activities of local authorities; EUR8 billion to support the automotive sector; construction companies subject to corporation tax will be able to request, from 2020, the immediate reimbursement of their stock of receivables to carry back their deficits, as well as receivables that would come to be recognized in 2020 due to the losses linked to this health crisis; EUR6.7 billion to support the tourism industry; (ii) October 30, EUR5 billion for government guaranteed loans and direct government loans.
|Georgia||10||10 - No breakdown||GEL||500,000,000||164,434,076||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
7 May 2020, GEL500 million will be provided to support businesses, including through the credit guarantee scheme. Financing for working capital will increase. This belongs in Measures 1A and 2C.
|Germany||10||10 - No breakdown||EUR||Federal Ministry of Finance. https://bit.ly/2YimTnV (accessedd 22 May 2020).||
EUR67 billion, Proposed a Solidarity Pact for cities and municipalities suffering from significant reduced income due to the coronavirus. The solidarity pact has two elements: old debt relief and emergency aid to compensate for trade tax losses. The old debt relief would involve a one-off haircut worth a total of EUR45 billion. The emergency aid would entail the federal government and the states each assuming half the tax burden of the municipalities, and losses are currently estimated at EUR12 billion. The amount will be added to the package once approved.
|Hong Kong, China||10||10 - No breakdown||HKD||114,000,000,000||14,681,073,006||HKMA. https://www.hkma.gov.hk/eng/key-functions/banking/banking-regulatory-and-supervisory-regime/riding-out-the-covid-19-challenge/ (accessed 12 May 2020).||
The HKMA provided: (i) HKD93 billion worth of payment extensions to corporate customers through (a) repayment period extension for the transportation sector; (b) trade financing lines converted into temporary overdraft facilities; (c) accounts receivables loans offered to retail sector; (d) pre-approved principal payment holiday scheme covering 80% of corporate borrowers; and (e) special 100% loan guarantee fund; and (ii) HKD 21 billion worth of relief measures for individual customers through (a) principal repayment holidays for residential mortgages; (b) relief loans offered to employees of affected sectors; (c) extension of loan tenor for personal lending; and (d) reduction of credit card charges.
|India||10||10 - No breakdown||INR||41,796,986,000||562,420,966||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 October 2020).||
In October 2020, the authorities announced a new package of measures, with a current-year budgetary impact of 0.2% of GDP, to support consumption (a budget neutral cash voucher scheme and a special festive advance scheme) and public investment (higher capital expenditure by the central government and interest-free loans to states). More details to follow.
|Indonesia||10||10 - No breakdown||IDR|
|Ireland||10||10 - No breakdown||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020).||
No amount/estimate: A three month commercial rates waiver for impacted businesses.
|Islamic Republic of Iran||10||10 - No breakdown||IRR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
No amount/estimate: Central Bank allocated funds to import medicine.
|Italy||10||10 - No breakdown||EUR||71,000,000,000||78,539,823,009||MEF. https://www.mef.gov.it/inevidenza/PNR-riforme-e-investimenti-per-il-rilancio-e-la-sostenibilita/ (accessed 16 July 2020); MEF. https://www.mef.gov.it/focus/Decreto-rilancio-le-misure-per-rimettere-in-moto-il-Paese/ (accessed 21 July 2020); Senate of Italy. http://www.senato.it/leg/18/BGT/Schede/ProcANL/ProcANLscheda44924.htm (accessed 10 February 2021); Anadolu Agency. https://www.aa.com.tr/en/europe/italy-unveils-32b-in-new-economic-aid/2182133 (accessed 25 March 2021).||
No amount/estimate: (i) 9 July 2020, The government announced the third phase of the Italian recovery plan, known as the "National Reform Program" (PNR). It outlines the Italian government's approach to stimulating economic growth, innovation, and environmental and social sustainability post-COVID-19. The PNR covers the years 2021-2023; (ii) 15 May 2020, EUR50 billion worth of measures (with no details) which is part of the Relaunch Decree. At the heart of the decree are the measures to support families and businesses, which not only reinforce and extend many of the Cura Italia measures, starting with the strong commitment to the health system, but also introduce new and important measures to get Italy back on its feet, keeping together economic recovery, social cohesion and security; (iii) 20 January 2021, The Government requested authorization for extra spending in 2021 in the amount of EUR32 billion to fight the pandemic and this has been approved, by the Council of Ministers first and then by the Senate. As of 10 February 2021, there is still no breakdown of the measures to be implemented with the budget. As of 20 March 2021, EUR11 billion of the package has been announced to fall under measures supporting businesses that have suffered losses due to the lockdowns, and has thus been transferred to Measure 5B4. [update]
|Japan||10||10 - No breakdown||JPY|
|Kazakhstan||10||10 - No breakdown||KZT|
|Kiribati||10||10 - No breakdown||AUD|
|Kyrgyz Republic||10||10 - No breakdown||KGS|
|Lao PDR||10||10 - No breakdown||LAK||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 1 May 2020).||
No amount/estimate: (i) April 2020, A proposed 13-measure economic stimulus package has been endorsed by the cabinet. Measures include establishing a separate task force to address the economic impact of COVID-19; and (ii) May 2020, A new electricity tariff, to ensure supply of electricity, in effect from 1 May 2020 through 31 December 2025, has been approved. Extra efforts to ensure revenue collections through automated platforms and inspections targeting at stockpiling of essential goods are being considered.
|Luxembourg||10||10 - No breakdown||EUR|
|Malaysia||10||10 - No breakdown||MYR||59,402,700,000||13,828,087,900||Prime Minister's Office of Malaysia (PMO). https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); PMO. https://www.pmo.gov.my/2020/06/key-initiatives-of-pm-muhyiddin-in-100-days/ (accessed 9 June 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020); PMO. https://www.pmo.gov.my/2021/01/special-announcement-on-the-perlindungan-ekonomi-rakyat-malaysia-permai-assistance-package/ (accessed 21 January 2021); Nikkei Asia. https://asia.nikkei.com/Business/Transportation/Malaysia-Airlines-to-receive-890m-injection-from-sovereign-wealth-fund?utm_campaign=RN%20Subscriber%20newsletter&utm_medium=coronavirus_newsletter&utm_source=NAR%20Newsletter&utm_content=article%20link&del_type=10&pub_date=20210224150000&seq_num=6&si=241193 (accessed 26 February 2021); Khazanah Nasional. https://www.khazanah.com.my/news_press_releases/khazanah-annual-review-2021/ (5 March 2021); PMO. https://www.pmo.gov.my/2021/03/pemerkasa-worth-rm20-bln-launched-along-with-rm11-bln-fiscal-injection-from-govt-pm-muhyiddin/ (accessed 7 April 2021).||
(i) Measures in the following packages that can not be disaggregated: (a) 27 March 2020 in PRIHATIN, (b) 5 June 2020 in PENJANA, (c) 18 January 2021 in PERMAI, and (d) 17 March 2021 in PEMERKASA [update]; (ii) 24 February 2021, Malaysia's sovereign wealth fund will pump MYR3.6 billion in capital into the operator of Malaysia Airlines. This will be used to fund business operations through 2025. The package includes lower lease rates and payment deferrals. The restructuring is due to conclude in early March.
|Maldives||10||10 - No breakdown||MVR|
|Marshall Islands||10||10 - No breakdown||USD|
|Mexico||10||10 - No breakdown||MXN|
|Mongolia||10||10 - No breakdown||MNT|
|Myanmar||10||10 - No breakdown||MMK|