Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 11 11 - Other Economic Measures AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 14 April 2020)

The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia. 

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.

Azerbaijan 11 11 - Other Economic Measures AZN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 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).

(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 AZN112 million as of April 19; (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.

European Central Bank 11 11 - Other Economic Measures EUR
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).

(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) 26 April, Export restriction of critical COVID-related products [update as of 29 April].

Georgia 11 11 - Other Economic Measures GEL
Kazakhstan 11 11 - Other Economic Measures KZT OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020).

(i) Quotas on exports of key food products (wheat and flour) as well as all other restrictions on food product exports will be lifted on 1 June; (ii) As part of the recovery package, Kazakhstan will abandon its 10% flat tax rate and switch to a progressive personal income tax.

Kyrgyz Republic 11 11 - Other Economic Measures KGS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 13 April 2020).

(i) No amount/estimate: February, The NBKR raised the policy interest rate by 75 basis points to 5% amid global uncertainty and the increase in inflation; and (ii) Banks and NBFIs should create a loan loss reserve equal to 100% for the amount of overdue accrued interest payments on loans that have been given the status of non-accrual of interest income when overdue arrears are 270 days or more (from the now 90 days).

Pakistan 11 11 - Other Economic Measures PKR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

(i) Provincial governments have also announced fiscal measures, broadly consisting of cash grants to the low-income households, tax relief and additional health spending that includes increased compensation to healthcare workers. The government of Punjab, announced a tax relief package of PKR18 billion and a cash grants program of PKR1.5 billion, while the government of Sindh has announced a cash grant and ration distribution program of PKR1.5 billion for the low-income households; (ii) Elimination of the import duties on imports of emergency health equipment.

Tajikistan 11 11 - Other Economic Measures TJS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 May 2020).

(i) February, The NBT hiked the policy rate by 50 basis points to 12.75% to contain inflationary pressures; (ii) March, Prices of staple goods have pushed headline inflation around outside of the NBT’s target range reaching 9.3%.

Turkmenistan 11 11 - Other Economic Measures TMT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020).

(i) A special regime has been established for the implementation of essential and high-priority imports and projects, which covers foreign currency rationing and transportation arrangements; (ii) The President has approved the list of goods subject to customs duties and the magnitude of such duties. Custom duties on selected goods have been raised to protect domestic suppliers; (iii) May 22, the president signed a decree on the establishment of the Reserve Currency Fund, with the Central Bank of Turkmenistan as the holder. The Fund will accumulate currency earnings of the ministries, industry departments, their subordinate enterprises, institutions, and all legal entities with public shareholding. [update]

Uzbekistan 11 11 - Other Economic Measures UZS
Afghanistan 11 11 - Other Economic Measures AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 14 April 2020)

The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia. 

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. [update]

Azerbaijan 11 11 - Other Economic Measures AZN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 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).

(i) 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 AZN112 million as of April 19; (ii) 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 [updated on 06 May 2020].

European Central Bank 11 11 - Other Economic Measures EUR
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).

(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) 26 April, Export restriction of critical COVID-related products [update as of 29 April].

Georgia 11 11 - Other Economic Measures GEL
Kazakhstan 11 11 - Other Economic Measures KZT
Kyrgyz Republic 11 11 - Other Economic Measures KGS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 13 April 2020).

(i) No amount/estimate: February, The NBKR raised the policy interest rate by 75 basis points to 5% amid global uncertainty and the increase in inflation; and (ii) Banks and NBFIs should create a loan loss reserve equal to 100% for the amount of overdue accrued interest payments on loans that have been given the status of non-accrual of interest income when overdue arrears are 270 days or more (from the now 90 days).

Pakistan 11 11 - Other Economic Measures PKR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

(i) Provincial governments have also announced fiscalmeasures, broadly consisting of cash grants to the low-income households, tax relief and additional health spending that includes increased compensation to healthcare workers [update]. The government of Punjab, announced a tax relief package of PKR18 billion and a cash grants program of PKR1.5 billion, while the government of Sindh has announced a cash grant and ration distribution program of PKR1.5 billion for the low-income households; (ii) Elimination of the import duties on imports of emergency health equipment.

Tajikistan 11 11 - Other Economic Measures TJS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).

(i) February, The NBT hiked the policy rate by 50 basis points to 12.75% to contain inflationary pressures; (ii) March, Prices of staple goods have pushed headline inflation around outside of the NBT’s target range reaching 9.3%.

Turkmenistan 11 11 - Other Economic Measures TMT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

(i) A special regime has been established for the implementation of essential and high-priority imports and projects, which covers foreign currency rationing and transportation arrangements; (ii) The President has approved the list of goods subject to customs duties and the magnitude of such duties. Custom duties on selected goods have been raised to protect domestic suppliers [update].

Uzbekistan 11 11 - Other Economic Measures UZS
Afghanistan 11 11 - Other Economic Measures AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 14 April 2020)

The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia. 

Armenia 11 11 - Other Economic Measures AMD
Azerbaijan 11 11 - Other Economic Measures AZN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 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).

(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 AZN112 million as of April 19; (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.

European Central Bank 11 11 - Other Economic Measures EUR
European Union 11 11 - Other Economic Measures EUR Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020).

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.

Georgia 11 11 - Other Economic Measures GEL
Kazakhstan 11 11 - Other Economic Measures KZT
Kyrgyz Republic 11 11 - Other Economic Measures KGS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 13 April 2020).

(i) No amount/estimate: February, The NBKR raised the policy interest rate by 75 basis points to 5% amid global uncertainty and the increase in inflation; and (ii) Banks and NBFIs should create a loan loss reserve equal to 100% for the amount of overdue accrued interest payments on loans that have been given the status of non-accrual of interest income when overdue arrears are 270 days or more (from the now 90 days).

Pakistan 11 11 - Other Economic Measures PKR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 April 2020).

(i) Provincial governments have also announced fiscalmeasures, broadly consisting of cash grants to the low-income households, tax relief and additional health spending. The government of Punjab, announced a tax relief package of PKR 18 billion and a cash grants program of PKR 1.5 billion, while the government of Sindh has announced a cash grant and ration distribution program of PKR 1.5 billion for the low-income households. The government of Punjab, announced a tax relief package of PKR 18 billion and a cash grants program of PKR 1.5 billion, while the government of Sindh has announced a cash grant and ration distribution program of PKR 1.5 billion for the low-income households; (ii) Elimination of the import duties on imports of emergency health equipment.

Tajikistan 11 11 - Other Economic Measures TJS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).

March, Prices of staple goods have pushed headline inflation around outside of the NBT’s target range reaching 9.3%.

Turkmenistan 11 11 - Other Economic Measures TMT Source: IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).

A special regime has been established for the implementation of essential and high-priority imports and projects, which covers foreign currency rationing and transportation arrangements.

Uzbekistan 11 11 - Other Economic Measures UZS