|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|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||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|
|Brunei Darussalam||09||09 - International Assistance Provided||BND|
|Brunei Darussalam||09A||09A - Swaps||BND|
|Brunei Darussalam||09B||09B - International loans/grants||BND|
|Brunei Darussalam||11||11 - Other Economic Measures||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 24 July 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.
|Cambodia||05||05 - Health and income support||KHR||851,712,272,727||210,000,000|
|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 24 July 2020).||
April, Additional fiscal resources to the health sector of around USD60 million are expected.
|Cambodia||05B||05B - Income support||KHR||608,365,909,091||150,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020); Australian Embassy in Cambodia. https://cambodia.embassy.gov.au/files/penh/20200624-Media-Release-Australia-and-Germany-support-historic-cash-transfer-English.pdf (accessed 26 June 2020); RGC. https://pressocm.gov.kh/en/archives/66499 (accessed 1 July 2020); RGC. https://bit.ly/3kmSOMU (accessed 04 August 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%; (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 ; (v) No amount/estimate: June 24, The Royal Government introduced the "Cash Transfer Program for Poor and Vulnerable Households during COVID-19" with support from international donors. The monthly spending for this assistance program is approximately KHR100 billion (or about USD25 million) and will run for two months in the first round (June and July); (vi) No amount/estimate: July 31, The Royal Government announced its fifth round of stimulus measures including (a) continued support through subsidies and tax exemptions to the garment-textile, footwear, travel products, bags, and tourism sectors until September 2020; (b) renewal of exemption of the minimum tax until September 2020 to support the aviation sector; and (c) continue to implement Cash Assistance Programmes for the poor and vulnerable families amid COVID-19 pandemic until September 2020.
|Cambodia||09||09 - International Assistance Provided||KHR|
|Cambodia||09A||09A - Swaps||KHR|
|Cambodia||09B||09B - International loans/grants||KHR|
|Cambodia||11||11 - Other Economic Measures||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) April, The government has ordered the suspension of white rice exports, to secure domestic supplies; (ii) May 20, suspension of white rice exports has been lifted; (iii) June, The Royal Government will introduce Phase 1 of the IT business registration platform in early June 2020 to facilitate and promote business registration, especially to make it easy for those companies wishing to be registered to obtain loans from the Royal Government’s special financing program.
|Indonesia||02||02 - Credit creation||IDR||250,000,000,000,000||16,453,242,002|
|Indonesia||02A||02A - Financial sector lending/funding||IDR|
|Indonesia||02B||02B - Support policies for long-term lending||IDR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 April 2020). BI. https://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_224620.aspx (accessed 18 June 2020). BI. https://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_225220.aspx (accessed 16 July 2020).||
No amount/estimate: (i) BI reduced the policy rate by 100 bps cumulatively in February, March, June, and July 2020, to 4.0%; (ii) Otoritas Jasa Keuangan (OJK) has relaxed loan classification and loan restructuring procedures for banks to encourage loan restructuring and extended the deadline, by 2 months, for publicly listed companies to release their annual financial reports and hold annual shareholders meetings.
|Indonesia||02C||02C - Loan guarantees||IDR||250,000,000,000,000||16,453,242,002||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 April 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pemerintah-jamin-kredit-modal-kerja-yang-diberikan-perbankan-untuk-umkm/ (accessed 22 May 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/lpei-bersinergi-dengan-bank-mandiri-untuk-penjaminan-kredit-pembiayaan-ekspor/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/penjaminan-kredit-modal-kerja-umkm-resmi-diluncurkan/ (accessed 9 July 2020). Reuters. https://www.reuters.com/article/us-indonesia-economy-loans/indonesia-launches-7-billion-loan-guarantee-scheme-for-priority-companies-idUSKCN24U0EP?il=0 (accessed 29 July 2020).||
(i) The third stimulus package (see Measure 5) includes IDR150 trillion (0.9% of GDP) additional financing for a national economic program, including to support credit guarantees for the private sector. As of June 26, the Indonesian Exports Financing Agency (LPEI) announced it will provide credit guarantees for PT Bank Mandiri Tbk to increase export financing to support the National Economic Recovery program. On July 7, IRD123.46 trillion UMKM credit guarantee program for working capital loans under the National Economic Recovery plan. (ii) May 19, Guarantees for working capital loans provided by banks for debtors, especially MSMEs. (iii) July 29, INR100 trillion loan guarantee scheme for targeted businesses in priority sectors such as tourism, automotive, textile and garment, and electronics.
|Indonesia||05||05 - Health and income support||IDR||591,533,200,000,000||38,930,555,566||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 May 2020). MOF (as of June 4).||
In addition to the first two fiscal packages amounting to IDR33.2 trillion (0.2% of GDP), the government announced a major stimulus package of IDR405 trillion (2.6% of GDP) on March 31, 2020, including IDR255 trillion (1.6% of GDP) in additional spending and tax reliefs, which was further expanded to IDR641 trillion (3.9% of GDP) on May 19. As of June 4, the government's fiscal package amounted to IDR677.2 trillion according to the Ministry of Finance. The stimulus packages comprise (i) support to the health care sector to boost testing and treatment capability for COVID-19 cases, (ii) increased benefits and broader coverage of existing social assistance schemes to low-income households such as food aid, conditional cash transfers, and electricity subsidy, (iii) expanded unemployment benefits, including for workers in the informal sector, (iv) tax reliefs, including for the tourism sector and individuals (with an income ceiling), and (v) permanent reductions of the corporate income tax rate from 25% to 22% in 2020−21 and 20% starting in 2022.
|Indonesia||05A||05A - Health support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
(i) March 13, The second fiscal package includes incentives for medical staff dealing with COVID-19 (IDR 15 million to medical specialists, IDR 10 million to physicians and dentists, IDR 7.5 million to nurses and IDR 5 million to other medical staff members; IDR 300 million in case of death of a medical worker) for a budget of IDR 6.1 trillion; (ii) March 31, Under the third fiscal package, authorities announced an additional IDR75 trillion for healthcare; (iii) May 13, See (ii) under Measure 5B.
|Indonesia||05B||05B - Income support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/bumn-juga-masuk-program-pemulihan-ekonomi-nasional/ (accessed 22 May 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/ini-cara-agar-umkm-bisa-mengajukan-pembebasan-pph-final-0-5/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pmk-652020-harapan-bagi-umkm-bertahan-dengan-subsidi-bunga-pemerintah/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pemerintah-siapkan-subsidi-bunga-umkm-total-rp35-2-triliun/ (accessed 25 June 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-indonesia-taxbreak/indonesia-gives-tax-break-to-makers-of-personal-protective-equipment-idUSKBN23Q1KN?il=0 (accessed 19 June 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/menkeu-tempatkan-rp30-triliun-di-bank-himbara-di-tahap-pertama/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pp-292020-memberi-5-fasilitas-pajak-penghasilan-di-masa-pandemi/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/dukung-pen-melalui-umi-pip-tandatangani-akad-pembiayaan-baru-dengan-pt-pegadaian-senilai-rp400-miliar/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pph-badan-untuk-perusahaan-publik-bisa-turun-19-jika-memenuhi-persyaratan-ini/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pmk-85pmk052020-mempermudah-umkm-mendapat-keringanan-subsidi-bunga/ (accessed 16 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/presiden-luncurkan-bantuan-subsidi-gaji-pekerja/ (accessed 28 August 2020). MOF. https://kemnaker.go.id/news/detail/pemerintah-terbitkan-pp-relaksasi-iuran-bpjs-ketenagakerjaan (accessed 17 September 2020). Ministry of Industry. https://kemenperin.go.id/artikel/21998/Dongkrak-Daya-Beli,-Menperin-Usulkan-Pajak-Mobil-Baru-0-Persen (accessed 17 September 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/djkn-sederhanakan-proses-bisnis-dan-sesuaikan-tarif-pemanfaatan-bmn-lewat-pmk-1152020/ (accessed 24 September 2020).||
No amount/estimate: (i) The government announced plans to reduce the number of restricted import goods by up to 50 percent on steel producers, and their derivatives, strategic food products (manufacturing industry inputs); horticultural commodities; animals & animal products; medicine, medicinal ingredients food. (ii) May 13, Postponing the payment of excise duties on imports of certain goods and temporary elimination of import tariffs, VAT and income taxes on certain medical and pharmaceutical products used in the treatment of COVID-19. (iii) May 19, The Ministry of Finance will provide subsidies, compensation, State Capital Inclusion, and bailout fund to maintain the sustainability of state-owned enterprises (SOEs) under the expanded fiscal package announced in May 19 in Measure 5. Total government support to SOEs is IDR104.38 trillion for Above The Line funds and IDR44.92 trillion for Below The Line funds. (iv) June 17, Final income tax exemption of 0.5% of the gross circulation borne by the government for April to September 2020 for MSMEs conditional on gross income not exceeding IDR4.6 billion a year. (v) June 18, IDR10 billion interest rate subsidy for MSMEs in as part of the National Economic Recovery Program. (vi) June 19, IDR35.2 trillion in interest rate subsidies for banks and non-bank financial institutions as part of the National Economic Recovery Program. (vii) June 19, Authorities announced a taxbreak for manufacturers of personal protective equipment and household antiseptic products by offsetting 30% of production costs between March and September 2020 against taxable income. (viii) June 24, IDR30 trillion allocated to HIMBARA (State-owned Banks Association) for lending and interest subsidies to MSMEs. (ix) No amount/estimate: June 25, A series of tax incentives and relief measures for producers of medical devices, taxpayer contributions to COVID-19 relief efforts, any income from government compensation, incentives and leases paid to those involved in handling COVID-19 efforts, and on the buyback of exchange-traded shares of WP Limited Companies. (x) June 25, IDR1.088 trillion in financing for ultra micro loans (UMi) through financial institutions UMi financing channels of which IDR400 billion is earmarked for PT Pegadian (state-owned pawnbroker). (xi) No amount/estimate: June 29, Corporate income tax discounts for publicly listed companies: 19% in the tax year 2020 and 2021, and 17% in the 2022 tax year; conditional on certain ownership criteria. (xii) July 14, Interest subsidy and loan principal payment relief scheme for MSMEs as part of the Nationa Economic Recovery (PEN) program involving a total amount of INR 35.28 trillion for 60.66 million accounts. (xiii) August 27, The President announced an expanded wage subsidy program targeting 15.7 million workers earning under IDR5 million and are compliant with mandated social security contributions. (xiv) No amount/estimate: September 9, The President issued Government Regulation No. 49 easing social security regulations for members by extending deadlines and reducing the amounts for certain contributions. (xv) No amount/estimate: September 14, The Ministry of Industry proposed a 0% tax on car purchases to support the recovery of the automotive industry. (xvi) September 18, The Ministry of Finance decreased lease charges on state-owned property for certain businesses. [update]
|Indonesia||09||09 - International Assistance Provided||IDR|
|Indonesia||09A||09A - Swaps||IDR|
|Indonesia||09B||09B - International loans/grants||IDR|
|Indonesia||11||11 - Other Economic Measures||IDR||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 28 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020). The Jakarta Post. https://www.thejakartapost.com/news/2020/05/22/indonesia-may-lose-market-confidence-due-to-mounting-debts-world-bank.html (accessed 2 June 2020). Reuters. https://www.reuters.com/article/us-indonesia-tax-digital/indonesia-imposes-10-vat-on-amazon-google-netflix-and-spotify-idUSKBN2481A5?il=0 (accessed 7 July 2020).||
(i) Effective 18 March 2020 to 31 May 2020, Temporary elimination of import certification requirements on imports of onions and garlic; (ii) Effective 18 March 2020 to 30 June 2020, Temporary export ban on antiseptic, raw materials to fabricate masks, personal protective equipment (PPE), ethyl alcohol and masks; (iii) Effective 23 March 2020 to 30 June 2020, Temporary elimination of import certification requirements on imports of certain products, e.g. masks and personal protective equipment; (iv) To ease stock market volatility, the regulator OJK has introduced a new share buyback policy (allowing listed companies to repurchase their shares without a prior shareholders’ meeting) and introduced limits on stock price declines. (iv) May 22, The government announced it willl start start charging 10 percent value-added tax (VAT) on imported digital goods and services, including video and music streaming subscriptions, starting July 1 in an attempt to boost state revenue. On July 7, authorities confirmed that it is imposing 10% value-added tax on sales by non-resident foreign firms which sell digital products and services in Indonesia worth at least IDR600 million rupiah (USD41,667) a year or which generate yearly traffic from at least 12,000 users.
|Lao PDR||02||02 - Credit creation||LAK||200,000,000,000||22,483,218|
|Lao PDR||02A||02A - Financial sector lending/funding||LAK||200,000,000,000||22,483,218||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 September 2020).||
As of September 10, BOL has made available LAK200 billion for low interest rate SMEs loans through commercial banks and is preparing to allocate LAK1,800 billion as low interest bank loans for post-COVID-19 economic and business recovery.
|Lao PDR||02B||02B - Support policies for long-term lending||LAK||Bank of the Lao P.D.R. https://www.bol.gov.la/en/fileupload/31-03-2020_1585627932.pdf (accessed 12 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020); Bank of the Lao P.D.R. https://www.bol.gov.la/en/interestRate (accessed 12 April 2020).||
No amount/estimate: (i) March 26, BOL issued a new credit policy for those impacted, asking banks and financial institutions to restructure loans and provide new loans to businesses affected by the outbreak. Under this policy, banks and financial institutions that implement debt restructuring and new loan provisions will benefit from regulatory forbearance on loan classification and provisioning; and (ii) March 30, BOL cut its policy rate from 4% to 3% for 1-week loans; from 5% to 4% for 1–2 week loans; and from 10% to 9% for 2-week to 1-year loans.
|Lao PDR||02C||02C - Loan guarantees||LAK|
|Lao PDR||05||05 - Health and income support||LAK||70,000,000,000||7,869,126|
|Lao PDR||05A||05A - Health support||LAK||30,000,000,000||3,372,483||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 9 July 2020).||
May, LAK30 billion has been allocated for prevention and control. As of July 1, an additional budget request of LAK23.98 billion for rapid procurement of protective and medical equipment from State Budget is under process.
|Lao PDR||05B||05B - Income support||LAK||40,000,000,000||4,496,644||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
No amount/estimate: April, Recent mitigation policies include (i) income tax exemption for both civil servants and employees of the private sector with income less than LAK5 million per month for 3 months, (ii) profit tax exemption for microenterprises with annual income between LAK50–LAK400 million for 3 months, (iii) duty fee exemption for imports of goods to be used toward the outbreak, (iv) deferring tax collection from tourism-related businesses for 3 months, (v) postponing mandatory contribution to social security by affected businesses for 3 months, and (vi) extending the submission of the 2019 financial report (annual tax filing) by 1 month and road tax payment by 3 months; and (vii) May, The government has agreed with an allowance of LAK500,000 per worker who currently participates in the Social Security Scheme. Of the 170,000 members, close to 80,000 will benefit from this scheme through June (Note that the estimated amount is LAK40 billion).
|Lao PDR||09||09 - International Assistance Provided||LAK|
|Lao PDR||09A||09A - Swaps||LAK|