Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Arab Republic of Egypt 11 11 - Other Economic Measures EGP 11,786,229,548 750,000,000 Central Bank of Egypt.,-2020-regarding-allowing-banks-to-own-unlimited-shares-in-payment-service-providers-and-payment-sys.aspx (accessed 12 August 2020). Egypt Independent. (accessed 22 October 2020). Financial Regulatory Authority Egypt. (accessed 15 October 2020). World Bank. (accessed 7 May 2020); OECD. (accessed 7 May 2020); IMF. (accessed 7 May 2020).

No amount/estimate: (i) 20 March 2020, 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) 29 March 2020, 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) 6 August 2020, Allowed banks to own unlimited shares in payment service providers and payment systems operators; (vi) 4 October 2020, The Financial Regulatory Authority reduced the fees for examination and study services owed to the authority by 50% for medium and small companies when they apply for the Authority’s approval when taking steps related to the Egyptian stock exchange (such as preparations for an IPO). The change was aimed at incentivizing SMEs to go to the stock exchange for funding; (vii) 20 October 2020, USD750 million in green bonds (first in Middle East and Africa) to finance expenditures related to green projects addressing the impacts of COVID-19 while also taking into account environmental standards.

Argentina 11 11 - Other Economic Measures ARS Yale. (accessed 9 May 2020, 26 June 2020); IMF. (accessed 27 April 2020). Official Bulletin of Argentina. (accesed 31 July 2020). Official Bulletin of Argentina. (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) 28 April 2020, 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) 16 May 2020, extended validity of Maximum Prices until June 20; (vi) 18 May 2020, suspended price increases mobile and fixed telephony, Internet and pay TV services until August 31; June 18, extended until end of the year ; (v) 19 May 2020, 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) 18 June 2020, extended the suspension of the closure and disabling of bank accounts until December 31, 2020, inclusive; (vii) 23 July 2020, extension of 15 days for presentation and payment of tax returns on earnings and personal and identity assets.

Brazil 11 11 - Other Economic Measures BRL IMF. (Accessed 29 April 2020). AGB. (accessed 14 May 2020). Reuters. (accessed 14 May 2020). Ministry of Economy (accessed 20 July 2020)

(i) With congress declaring a state of “public calamity” on 20 March 2020, 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) 14 July 2020, 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); (vi) 14 July 2020, the Ministry of Economy announced extension of the validity period of Negative Debt Certificates (CND) and Positive Certificates with Negative Effects (CNEND) for another 30 days, both relating to federal tax credits.

Islamic Republic of Iran 11 11 - Other Economic Measures IRR IMF. (accessed 15 May 2020).

(i) Sukuk bonds and the National Development Fund used to partly fund recovery and relief measures; (ii) April 15, government announced its biggest-ever initial public offering, selling its residue shares in 18 companies (including 12 percent share of Social Welfare Fund (SHASTA), the largest public company); (iii) expanded contacless payments and increased the limits for bank transactions in order to reduce circulation of banknotes and exchange of debit cards; (iv) 7 May 2020, estimated privatization proceeds are at around IRR165 trillion (0.6% of GDP) from banks and insurance companies and IRR70 trillion (0.2% of GDP) from SHASTA.

Mexico 11 11 - Other Economic Measures MXN IMF. (Assessed on 30 April 2020); (accessed June 8).

(i) On 5 April 2020, President Lopez Obrador outlined his government’s policy priorities to combat the economic effects of COVID-19, including more health spending and strengthening of the social safety net; (ii) 29 May 2020, Secretariat of Finance and Public Credit suspended deadlines for institutions subject to supervision by the National Commission of Insurance and Bonds.

Nigeria 11 11 - Other Economic Measures NGN OECD. (accessed 4 May 2020)

(i) 25 March 2020, The Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) announced the grant of a 60-day extension to issuers and dealing members for filing of 2019 full year financial reports; (ii) 27 March 2020, Minister of Industry, Trade and Investment directed to work with the Manufacturers Association of Nigeria (MAN) to ensure that production of essential items such as food, medical and pharmaceutical products continues; (iii) No amount/estimate: Import duty waivers for pharmaceutical firms; (iv) No amount/estimate: Regulated fuel prices have been reduced.

Russian Federation 11 11 - Other Economic Measures RUB Ministry of Finance. (accessed 23 July 2020). CBR. (accessed 12 August 2020)., (both accessed 23 July 2020). (accessed 6 May 2020). Yale. (accessed 6 May 2020).

(i) 20 March 2020, BOR regulated credit institutions and non-bank financial institutions are allowed to recognise equity and debt securities acquired before 1 March 2020 at fair value in the accounting records. They can also recognise debt securities, acquired from 1 March 2020 through 30 September 2020 at their fair value as of the acquisition date; (ii) 2 June 2020, Allowed non-state pension funds (NPFs) and management companies (UK) to temporarily re-evaluate securities within pension funds and assets of closed-end mutual funds; (iii) 16 July 2020, Preserved income tax conditions (e.g. to be recognized as Russia tax residents), including deductions, for Russian citizens who were unable to return to Russia due to the spread of the coronavirus. The Russian government approved amendments first proposed by the Ministry of Finance; (iv) 20 July 2020, Changed the terms for specialized depository institutions to draw up and submit reports during 2020, with the Bank of Russia (BoR) Board of Directors postponing the original deadlines set; (v) 10 August 2020, The Bank of Russia extended: the special treatment of real estate assets on the balance sheets of credit institutions, the treatment of insurance reserves for insurance companies, and exemptions on violations of cooperatives' reserve fund requirements.

Saudi Arabia 11 11 - Other Economic Measures SAR Saudi Arabian government. (accessed 6 May 2020). (accessed 14 May 2020). (accessed 14 May 2020). (accessed 14 May 2020). IMF. (accessed 9 July 2020). Saudi Arabian government. (accessed 27 November 2020)

(i) No amount/estimate: 25 April 2020, Increase of the monthly ceiling limit for e-wallets up to SAR20,000, with the goal of boosting digital payment transactions; 11 May 2020: (ii) Decided to stop the cost of living allowance starting from June 2020; (iii) No amount/estimate: Exemptions from various fees for electronic transactions, balances below the minimum, and refinancing operations and termination of existing agreements; (iv) Raised the value-added tax rate from 5% to 15% starting 1 July 2020; (v) 13 May 2020, Announced the extension of the program of support for fees of sales points and e-commerce for all stores and private sector establishments for an additional three months ending on 14 September 2020; (vi) No amount/estimate: 1 July 2020, the Ministry of Environment, Water and Agriculture announced it will offer 94 agricultural investment opportunities to the private sector in the near term; (vii) 27 October 2020, Increased the percentage of employees in the activity of "maintenance and operation contracting" that must be Saudi by 3% under the "Nitaqat" program; (viii) 19 November 2020, The Ministry of Finance has launched additional electronic payment channels that allow customers to use bank cards to pay for government services.

South Africa 11 11 - Other Economic Measures ZAR Yale. (accessed 29 May 2020). OECD. (accessed 12 June 2020).

(i) Relaxed regulations for insurers; (ii) SARB extended prudential and related supervisory reporting requirements; (iii) commercial banks exempted from provisions of the Competition Act to enable them to develop common approaches to debt relief; (iv) SARB temporarily extended the submission for the quarterly returns for the 2020 financial year by one month; (v) 10 June 2020, Temporarily suspended the issuance of all new insurance licences for a period of six months.