Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Australia 10 10 - No breakdown AUD
Austria 10 10 - No breakdown EUR
Belgium 10 10 - No breakdown EUR
Canada 10 10 - No breakdown CAD
Denmark 10 10 - No breakdown DKK
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).

May 22, 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 EC. https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response/recovery-plan-europe_en; EC. https://www.consilium.europa.eu/media/45109/210720-euco-final-conclusions-en.pdf; EC. https://www.consilium.europa.eu/en/policies/eu-recovery-plan/; EC. https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response/recovery-plan-europe_en (accessed 27 July 2020)

July 21, Approval of the Next Generation EU recovery fund which will provide the Union with the necessary means to address the challenges posed by the COVID-19 pandemic. Under the agreement the European Commission will be able to borrow up to EUR750 billion on the markets. Capital raised on the financial markets will be repaid by 2058. The funds will go to areas where they can make the greatest difference, complementing and amplifying the essential work under way in the Member States. The investments will be channeled via a variety of instruments under three pillars, such as: (a) Supporting member states to recover, repair and emerge stronger from the crisis; (b) Kick-starting the economy and helping private investment; and (c) Learning the lessons of the crisis and addressing Europe’s strategic challenges. The plan ensures the money goes to the countries and sectors most affected by the crisis: 70% under the grants of the Recovery and Resilience Facility (RRF) will be committed in 2021 and 2022 and 30% will be committed in 2023. Allocations from the RRF in 2021-2022 will be established according to the Commission’s allocation criteria taking into account member states' respective living standards, size and unemployment levels. Details of the specific instruments under this fund can be found in these links: https://bit.ly/3faBQgG, https://bit.ly/3gbqRVB, and https://bit.ly/39FzbL8 .

Finland 10 10 - No breakdown EUR
France 10 10 - No breakdown EUR 24,368,000,000 26,955,752,212 Economie. https://www.economie.gouv.fr/3-projet-loi-finances-rectificative-plfr-iii-2020# (accessed 30 June 2020).

June 6, 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.

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.

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.

Italy 10 10 - No breakdown EUR 50,000,000,000 55,309,734,513 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).

No amount/estimate: July 9, 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 ; May 15, 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.

Japan 10 10 - No breakdown JPY
Luxembourg 10 10 - No breakdown EUR
Netherlands 10 10 - No breakdown EUR 13,000,000,000 14,380,530,973 Rijksoverheid. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/05/20/coronavirus-verlenging-en-uitbreiding-noodpakket-banen-en-economie (accessed 22 May 2020)

May 20, EUR13 billion for a new emergency package, which has five major components: (a) Companies will receive a tax-free allowance from the Ministry of Economic Affairs so that they can pay for their fixed costs, (b) Adjusted labor compensation ("NOW") program that does not reduce compensation for commercial dismissals, (c) Bridging ("TOZO") program that now applies to entrepreneurs and self-employed persons, (d) Prolonged tax relief, and (e) Lending and guarantees ("BMKB", "GO", "KKC", "COL") for entrepreneurs.

New Zealand 10 10 - No breakdown NZD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/05/term-lending-facility-details-outlined-to-promote-business-lending (accessed on 12 May 2020); RBNZ. https://www.rbnz.govt.nz/covid-19 (accessed 08 May 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/05/large-scale-asset-purchases-expanded (accessed 14 May 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/08/further-easing-in-monetary-policy-delivered (accessed 13 August 2020).

April, The RBNZ has been implementing a Large-Scale Asset Program (LSAP) to purchase government bonds in the secondary market up to NZD30 billion across a range of maturities. April 7, The RBNZ announced that it has added NZD3 billion (equivalent to 30% on issue) of Local Government Funding Agency (LGFA) debt to the LSAP, taking the total size of the LSAP to NZD33 billion over 12 months. On May 13, The Monetary Policy Committee has agreed to significantly expand the LSAP programme to NZD60 billion, up from the previous NZD33 billion limit. On August 12, LSAP programme was expanded to NZD100 billion [update] (See Measures 2A and 7B).

Norway 10 10 - No breakdown NOK
Portugal 10 10 - No breakdown EUR 2,100,000,000 2,323,008,850 OECD. http://www.oecd.org/coronavirus/en/ (accessed 9 May 2020).

As of April 20, a EUR13 billion liquidity scheme, approved by European Commission, is available to provide direct grants and public guarantee loans to companies. Key measures include: (a) EUR1 billion a month financial support (see Non-health in Measure 5); (b) EUR3.7 billion of state-guaranteed credit lines (see Loan guarantees in Measure 2); (c) EUR6.2 billion of (within-year) tax and social security contribution deferrals for companies and employees. Out of EUR13 billion, allocation for EUR2.1 billion is not clear.

Spain 10 10 - No breakdown EUR 250,000,000 276,548,673 OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May, 25 June 2020); Ministry of Trade, Industry, and Tourism. https://www.mincotur.gob.es/es-es/gabineteprensa/notasprensa/2019/documents/20190306plan%20estrategico%20automocion%202019-2025.docx.pdf (accessed 28 June 2020); La Moncloa. https://www.lamoncloa.gob.es/presidente/actividades/Documents/2020/300720-Comunicado-Gob-Airbus.pdf (accessed 1 August 2020).

(i) March 17, Support to the digitalisation of small and medium companies through grants and loans to finance investment in digital equipment or solutions for remote working conditions (programme ACELERA PYME) (EUR250 million); (ii) July 30, An Aeronautical Technology Plan, linked to the Recovery Funds of the European Union, will be managed by the Spanish Innovation Agency (CDTI) endowed with the following budget allocation: 2020-EUR25 million, 2021-EUR40 million, 2022- EUR80 million, 2023- EUR40 million.

Sweden 10 10 - No breakdown SEK
Switzerland 10 10 - No breakdown CHF/CHE/CHW
Turkey 10 10 - No breakdown TRY 71,000,000,000 11,734,045,772 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#A (accessed 5 June 2020).

May 20, The government announced that the total support has exceeded TRY252 billion. Including deferred loans and interest payments, the total amount exceeds TRY350 billion.The breakdown of TRY152 billion cannot be ascertained (TRY350 billion less the earlier package of TRY100 billion less TRY98 billion in deferred loans and interest payments less TRY21 billion).

United Kingdom 10 10 - No breakdown GBP 550,000,000 680,956,250 OECD. http://www.oecd.org/coronavirus/en/ (accessed 19 April 2020; 15 May 2020; 22 May 2020); GOV.UK. https://bit.ly/3fMfMdf (accessed 24 April 2020). GOV.UK. https://www.gov.uk/government/news/40m-boost-for-cutting-edge-start-ups (24April 2020); GOV.UK. https://www.gov.uk/government/news/government-unveils-200-million-package-to-help-innovative-businesses-bounce-back (accessed 4 July 2020); GOV.UK. https://www.gov.uk/government/news/more-businesses-set-to-benefit-from-government-loan-scheme (accessed 6 August 2020).

(i) March, GBP330 billion of temporary state loans and guarantee scheme for businesses. This includes the Coronavirus Corporate Financing Facility (CCFF) (20 March) and the Coronavirus Business Interruption Loan Scheme (CBILS) (17 March). CBILS will provide loans of up to GBP5 million for small and medium-sized businesses (see reference in Measure 3). In addition, the Coronavirus Large Business Interruption Loan Scheme (CLBILS) will provide a government guarantee of 80% to enable banks to make loans of up to GBP25 million to larger firms with an annual turnover of between GBP45 million and GBP500 million (3 March) (see reference in Measure 2). Starting July 30, businesses with fewer than 50 employees and a turnover of less than GBP 9 million can apply to CBILS; (ii) April 20, GBP1.25 billion support package to protect firms driving innovation in the UK, of which: (a) Treasury will dedicate GBP750 million to grants and loan support for SMEs to perform research and development, of which GBP500 million is for high-growth firms, called the Future Fund, reported in Measure 3A. June 29, GBP200 million out of GP750 million is for the Sustainable Innovation Fund to help businesses drive forward cutting-edge new technology and recover from the impacts of coronavirus, which is a grant (amount is recorded under Measure 5B); (b) Innovate UK (national innovation agency) will administer GBP200 million of grant and loan payments through its existing list of customers on an opt-in basis; (c) The remaining GBP550 million will increase support for existing customers and firms not yet involved with Innovate UK funding. The first payments will be made by mid-May. On 20 May, GBP40 million was allocated to this package to support the UK’s Fast Start Competition, to fast-track development of innovations.

United States 10 10 - No breakdown USD
Australia 10 10 - No breakdown AUD
Austria 10 10 - No breakdown EUR
Belgium 10 10 - No breakdown EUR
Canada 10 10 - No breakdown CAD
Denmark 10 10 - No breakdown DKK
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).

May 22, 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 Politico. https://www.politico.eu/article/kurz-cautious-on-commissions-750b-recovery-blueprint-coronavirus-covid19-mff-budget/ (accessed 28 May 2020).

EU Commission put forth a proposal to create a EUR750 billion fund — called Next Generation EU. About EUR500 billion would be disbursed as grants to those member countries most in need as a result of the crisis, while the remaining EUR250 billion would be available as credits .

Finland 10 10 - No breakdown EUR Ministry of Finance, Finland. https://vm.fi/artikkeli/-/asset_publisher/valtioneuvosto-myonsi-valtiontakausjarjestelyn-finnairin-lainalle (accessed 24 May 2020).

May 8, The Vihriälä working group submitted its report on the economic impact of the coronavirus crisis to the Ministry of Economic Affairs and Employment and the Ministry of Finance. The group proposes a general system to speedily support the profitability of companies in all sectors and to target financial support at covering those costs which small and medium-sized companies are unable to cope with without ceasing operations completely. Labour costs should also be included within the scope of measures .

France 10 10 - No breakdown EUR
Germany 10 10 - No breakdown EUR Federal Ministry of Finance. https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/20200519-Kommunaler-Solidarpakt-2020.html;jsessionid=ABEAA3B06E7A7FE86909EB3193763B1E.delivery2-replication (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.

Ireland 10 10 - No breakdown EUR

No amount/estimate: A three month commercial rates waiver for impacted businesses.

Italy 10 10 - No breakdown EUR
Japan 10 10 - No breakdown JPY
Luxembourg 10 10 - No breakdown EUR
Netherlands 10 10 - No breakdown EUR 13,000,000,000 14,380,530,973 Rijksoverheid. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/05/20/coronavirus-verlenging-en-uitbreiding-noodpakket-banen-en-economie (accessed 22 May 2020)

May 20, EUR13 billion for a new emergency package, which has five major components: (a) Companies will receive a tax-free allowance from the Ministry of Economic Affairs so that they can pay for their fixed costs, (b) Adjusted labor compensation ("NOW") program that does not reduce compensation for commercial dismissals, (c) Bridging ("TOZO") program that now applies to entrepreneurs and self-employed persons, (d) Prolonged tax relief, and (e) Lending and guarantees ("BMKB", "GO", "KKC", "COL") for entrepreneurs.

New Zealand 10 10 - No breakdown NZD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/05/term-lending-facility-details-outlined-to-promote-business-lending (accessed on 12 May 2020); RBNZ. https://www.rbnz.govt.nz/covid-19 (accessed 08 May 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/05/large-scale-asset-purchases-expanded (accessed 14 May 2020).

April, The RBNZ has been implementing a Large-Scale Asset Program (LSAP) to purchase government bonds in the secondary market up to NZD30 billion across a range of maturities. April 7, The RBNZ announced that it has added NZD3 billion (equivalent to 30% on issue) of Local Government Funding Agency (LGFA) debt to the LSAP, taking the total size of the LSAP to NZD33 billion over 12 months. On May 13, The Monetary Policy Committee has agreed to significantly expand the LSAP programme to NZD60 billion, up from the previous NZD33 billion limit (See Measures 2A and 7B).

Norway 10 10 - No breakdown NOK
Portugal 10 10 - No breakdown EUR 2,100,000,000 2,323,008,850 OECD. http://www.oecd.org/coronavirus/en/ (accessed 9 May 2020).

As of April 20, a EUR13 billion liquidity scheme, approved by European Commission, is available to provide direct grants and public guarantee loans to companies. Key measures include: (a) EUR1 billion a month financial support (see Non-health in Measure 5); (b) EUR3.7 billion of state-guaranteed credit lines (see Loan guarantees in Measure 2); (c) EUR6.2 billion of (within-year) tax and social security contribution deferrals for companies and employees. Out of EUR13 billion, allocation for EUR2.1 billion is not clear.