|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Afghanistan||02||02 - Credit creation||AFN|
|Afghanistan||02A||02A - Financial sector lending/funding||AFN|
|Afghanistan||02B||02B - Support policies for long-term lending||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).||
No estimate/amount: (i) The authorities increased the frequency of Financial Stability Committee meetings, enhanced the monitoring of early signs of liquidity stress, and reviewed banks’ business continuity plans; (ii) DAB has suspended administrative penalties and fees, postponed the IFRS-9 implementation to June 2021, and froze loan classifications at the pre-pandemic cutoff of end-February.
|Afghanistan||02C||02C - Loan guarantees||AFN|
|Afghanistan||04||04 - Equity support||AFN|
|Afghanistan||05||05 - Health and income support||AFN||8,000,000,000||101,662,492|
|Afghanistan||05A||05A - Health support||AFN||8,000,000,000||101,662,492||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; (ii) As of April 22, the government has already allocated a total of AFN8 billion (0.5% of GDP) for emergency pandemic response. The authorities plan to spend about 2% of GDP for critical pandemic-related spending during the year, with about one-third directed to health;
|Afghanistan||05B||05B - Income support||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).||
No amount/estimate: To ease tax compliance, the government extended filing deadlines by 2 months, until May 20 for individual and business taxpayers.
|Armenia||02||02 - Credit creation||AMD||25,000,000,000||51,123,841|
|Armenia||02A||02A - Financial sector lending/funding||AMD||25,000,000,000||51,123,841||JAM News. https://jam-news.net/armenian-govt-offers-stimulus-package-to-help-mitigate-corona-crisis/(accessed 16 April 2020).||
Allocate a total of AMD25 billion (over USD50 million) to co-finance loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials. This amount includes subsidy for the interests of these of loans.
|Armenia||02B||02B - Support policies for long-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: The Central Bank of Armenia (CBA) reduced the policy rate by another 25 bps to 5% on April 28 [update]. The interbank market has been active, and the central bank has easily met liquidity needs so far.
|Armenia||02C||02C - Loan guarantees||AMD|
|Armenia||04||04 - Equity support||AMD|
|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||02||02 - Credit creation||AZN||500,000,000||294,117,647|
|Azerbaijan||02A||02A - Financial sector lending/funding||AZN|
|Azerbaijan||02B||02B - Support policies for long-term lending||AZN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
No amount/estimate: March 19: (i) The CBA left the refinancing rate unchanged at 7.25%, but raised the floor of the interest rate corridor (within a de facto floor system) by 125 basis points (bps) to 6.75%. May 1, the CBA lowered the ceiling of the interest rate corridor by 100 bps to 8% ; (ii) The authorities have announced their intention to extend the blanket deposit guarantee until December 4, 2020. The guarantee covers all AZN (foreign currency) deposits within a 10 (2.5)% interest rate cap; (iii) A relation of capital requirements (systemwide and the countercyclical capital buffer) and risk weights on mortgage loans; (iv) April 23, Suspension of inspections of credit institutions.
|Azerbaijan||02C||02C - Loan guarantees||AZN||500,000,000||294,117,647||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 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); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/azerbaijan-government-and-institution-measures-in-response-to-covid.html (accessed on 6 May 2020).||
April 6, Entrepreneurs get state guarantee for 60% of their new bank loans and the government subsidizes half of the interest on guaranteed loans from the state budget; overall state support at AZN500 million (USD294 million); (ii) No amount/estimate: May, The CBA also announced that it will extend its guarantees on insurance premiums.
|Azerbaijan||04||04 - Equity support||AZN|
|Azerbaijan||05||05 - Health and income support||AZN||1,093,500,000||643,235,294|
|Azerbaijan||05A||05A - Health support||AZN||8,500,000||5,000,000||World Health Organization (WHO). http://www.euro.who.int/en/countries/azerbaijan/news/news/2020/3/azerbaijan-steps-up-covid-19-preparedness-and-readiness-measures,-welcoming-who-mission (accessed 15 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
(i) March, Azerbaijan is contributing to global efforts to address COVID-19, coordinating with neighboring countries, and has pledged USD5 million to World Health Organization's strategic preparedness and response plan.
|Azerbaijan||05B||05B - Income support||AZN||1,085,000,000||638,235,294||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 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).||
(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 for making such stuff; (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.
|Brunei Darussalam||02||02 - Credit creation||BND|
|Brunei Darussalam||02A||02A - Financial sector lending/funding||BND|
|Brunei Darussalam||02B||02B - Support policies for long-term lending||BND|
|Brunei Darussalam||02C||02C - Loan guarantees||BND|
|Brunei Darussalam||04||04 - Equity support||BND|
|Brunei Darussalam||05||05 - Health and income support||BND||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
(i) All bank fees and charges (except third party charges) that are related to trade and payments of transactions in affected sectors mentioned in Measure 3 will be waived for a period of six months; and (ii) No amount/estimate: Effective April 1 for six months, an interim fiscal package has been deployed to support SMEs and self-employed groups in sectors such as tourism, hospitality, transport and restaurants. The fiscal measures include amongst others, the deferment of payments on Employees Trust Fund (TAP) and Supplementary Contributory Pension (SCP) contributions, discounts on corporate income taxes, rents and utilities.
|Brunei Darussalam||05A||05A - Health support||BND|
|Brunei Darussalam||05B||05B - Income support||BND|
|Cambodia||02||02 - Credit creation||KHR|
|Cambodia||02A||02A - Financial sector lending/funding||KHR|
|Cambodia||02B||02B - Support policies for long-term lending||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
No amount/estimate: April, The NBC has implemented measures, such as (i) delaying additional increases in the capital conservation buffer, (ii) cutting the interest rate in its Liquidity Providing Collateralized Operations (LPCOs) that decreases banks’ funding costs in domestic currency, (iii) cutting the interest rate on negotiable certificates of deposit (the collateral for LPCOs) to encourage banks to disburse loans.
|Cambodia||02C||02C - Loan guarantees||KHR||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
May 26, The Ministry of Economy and Finance will establish a “credit guarantee fund” of USD200 million. This fund may guarantee loans through banks and financial institutions using the market policy to assuage the pressure of cash flow and working capital of businesses in all sectors [update].
|Cambodia||04||04 - Equity support||KHR|
|Cambodia||05||05 - Health and income support||KHR||648,923,636,363||160,000,000|
|Cambodia||05A||05A - Health support||KHR||243,346,363,636||60,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
April, Additional fiscal resources to the health sector of around USD60 million (around 0.2% of GDP) are expected.
|Cambodia||05B||05B - Income support||KHR||405,577,272,727||100,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) No amount/estimate: April, Support to tourism sector including (a) exemption from all monthly taxes for two months (June to July 2020) for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation, and whose business activities are operated in Phnom Penh, Siem Reap, Preah Sihanouk, Kep, Kampot, Bavet city, and Poipet city; (b) non-payment of the National Social Security Fund (NSSF) during the business suspension; (c) exemption from the renewal fees for tourism licenses of all types for 2021 (See Measure 10: No breakdown); (ii) No amount/estimate: April, Exemption of all airlines registered in Cambodia from minimum tax for two more months from June to July 2020 (See Measure 10: No breakdown); (iii) No amount/estimate: May 26, Loosen the application of withholding tax for local and overseas lenders by about 5% to 10% [update]; (iv) May 26, Extend the coverage and amount of the budget for the “cash for work program” in 2020 to USD100 million to absorb the labor force who have lost employment from the factories/enterprises and returned home from the foreign countries, to support the local people’s living standards, and to bring about socioeconomic achievements through the construction of small local physical infrastructures to enhance the agricultural and economic sectors [update]; (v) No amount/estimate: June, The Royal Government will introduce in June 2020 a social protection program during the COVID-19 crisis to support the daily livelihoods of poor and vulnerable families across the country holding Equity Cards, with attention to children below 5 years old, people with disabilities, old people aged 60 and over, and the people living with HIV in those poor families [update].
|European Central Bank||02||02 - Credit creation||EUR||4,470,000,000,000||4,944,690,265,487|
|European Central Bank||02A||02A - Financial sector lending/funding||EUR||1,470,000,000,000||1,626,106,194,690||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020); ECB. https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200522~f0355619ae.en.html (accessed 22 May 2020); ECB. https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.mp200604~a307d3429c.en.html ( accessed 9 June 2020).||
(i) March 12, Adding a temporary envelope of additional net asset purchases of EUR120 billion until the end of the year; (ii) March 18, launched a new temporary asset purchase programme of private and public sector securities (Pandemic Emergency Purchase Programme, PEPP) with an overall envelope of EUR 750 billion until the end of 2020. Some self-imposed purchase limits will not apply to the PEPP. A waiver of the eligibility requirements for securities issued by the Greek government will be granted for purchases under PEPP. Based on The European Central Bank is “fully prepared” to provide even more stimulus as soon as June to support an economy that may shrink by a tenth this year due to the COVID-19 pandemic, the accounts of the bank’s April meeting showed on Friday; (iii) expanding the range of eligible assets under the corporate sector purchase programme (CSPP) to non-financial commercial paper; (iv) June 4, The PEPP envelope will be increased by EUR600 billion to a total of EUR1,350 billion. The purchases will continue to be conducted in a flexible manner over time, across asset classes and among jurisdictions. This allows the Governing Council to effectively stave off risks to the smooth transmission of monetary policy. The horizon for net purchases under the PEPP will be extended to at least the end of June 2021. In any case, the Governing Council will conduct net asset purchases under the PEPP until it judges that the coronavirus crisis phase is over [update].