|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||07||07 - Central bank financing government||AFN|
|Afghanistan||07A||07A - Direct lending and reserve drawdown||AFN|
|Afghanistan||07B||07B - Secondary purchase: government securities||AFN|
|Afghanistan||08||08 - International Assistance Received||AFN||61,958,912,636||787,362,181|
|Afghanistan||08A||08A - Swaps||AFN|
|Afghanistan||08B||08B - International loans/grants||AFN||61,958,912,636||787,362,181|
|Afghanistan||08B1||08B1 - Asian Development Bank||AFN||3,389,253,931||43,070,000||ADB. https://www.adb.org/news/adb-president-afghanistan-president-discuss-covid-19-support-40-million-grant (accessed 14 May 2020). ADB Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations, Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9550-REG. (all accessed 12 June 2020)||
(i) USD3 million - Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (ii) May 11, USD40 million Emergency Assistance for COVID-19 Pandemic Response grant to support the construction of 15 hospitals and medical facilities; (iii) June 3, Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (Additional Financing) - USD0.07million.
|Afghanistan||08B2||08B2 - Other||AFN||58,569,658,705||744,292,181||IMF. https://bit.ly/2Vk0uFb (accessed 19 April 2020); IMF. https://www.imf.org/en/News/Articles/2020/04/29/pr20193-afghanistan-imf-executive-board-approves-disbursement-to-address-the-covid-19; World Bank. https://www.worldbank.org/en/news/press-release/2020/04/02/world-bank-fast-tracks-100-million-covid-19-support-for-afghanistan (both accessed 1 May 2020). WB. https://www.worldbank.org/en/news/press-release/2020/05/07/world-bank-approves-400-million-to-sustain-afghanistans-reform-momentum-mitigate-covid-19-crisis (accessed 14 May 2020). USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 1 June 2020)||
(i) April 14-Oct 13: IMF Catastrophe Containment And Relief Trust-Grant Assistance For Debt Service Relief, SDR2.4 million (SDR0.729/USD); (ii) April 2, The World Bank approved a USD100.4 million grant for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness; (iii) The IMF approved Afghanistan’s request for emergency assistance in the amount of SDR161.9 million (approximately USD220 million) under the Rapid Credit Facility; (iv) With the support of the World Bank, other development partners, and humanitarian agencies, the authorities are developing a social relief package—through cash transfers and, if impractical, in kind—to support food security among socially vulnerable households. On April 29, the government started providing free bread to about 2.5 million needy and poor people in Kabul [update]; (v) May 7, USD400 million grant from the World Bank to support the country in managing risks and uncertainties compounded by the COVID-19 crisis; (vi) As of May 26, USD18.7 million from USAID, broken down into: (a) USD7.1 million for health and IDA humanitarian assistance, (b) USD3.1 million in MRA humanitarian assistance for Afghan returnees, (c) USD10 million from redirecting existing resources to support Afghanistan's health response, (d) USD500,000 to procure COVID-19 prevention and control supplies for correctional facilities.
|Arab Republic of Egypt||02||02 - Credit creation||EGP||106,000,000,000||6,745,159,653|
|Arab Republic of Egypt||02A||02A - Financial sector lending/funding||EGP|
|Arab Republic of Egypt||02B||02B - Support policies for long-term lending||EGP||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
No amount/estimate: (i) March 20, The central bank has reduced the policy rate by 300 bps to 9.25%; (ii) March 24, preferential interest rate on loans to tourism has been reduced from 10% to 5%, for SMEs. As of June 24, this measure has already been reversed [update]; (iii) March 24, preferential interest rate on loans to industry and housing for low-income and middle-class families has been reduced from 10% to 8%. As of June 24, the new rate now applies to tourism, industry, agriculture and construction sectors as well. [update] (iv) regulations issued last year requiring banks to obtain detailed information of borrowers have been relaxed; (v) suspension of credit score blacklists for irregular clients and waiver of court cases for defaulted customers have been announced.
|Arab Republic of Egypt||02C||02C - Loan guarantees||EGP||106,000,000,000||6,745,159,653||Central Bank of Egypt. https://www.cbe.org.eg/_layouts/download.aspx?SourceUrl=%2FHighlights%2520Documents%2FCircular%2520dated%252016%2520June%25202020%2520regarding%2520tourism%2520sector%2520initiative%2520financing%2520payroll%2520guaranteed%2520by%2520the%2520Ministry%2520of%2520Finance.pdf (accessed 19 June 2020). Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 19 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 May 2020).||
(i) EGP3 billion of loan guarantees by the government has been announced for the tourism industry soft loans; (ii) EGP100 billion of loan guarantees from the Central Bank to cover lending at preferential rates to the manufacturing, agriculture and contracting industries; (iii) June 16, EGP3 billion in loan guarantees to the Tourism sector. [update]
|Arab Republic of Egypt||07||07 - Central bank financing government||EGP|
|Arab Republic of Egypt||07A||07A - Direct lending and reserve drawdown||EGP|
|Arab Republic of Egypt||07B||07B - Secondary purchase: government securities||EGP|
|Arab Republic of Egypt||08||08 - International Assistance Received||EGP||136,394,865,466||8,679,293,805|
|Arab Republic of Egypt||08A||08A - Swaps||EGP|
|Arab Republic of Egypt||08B||08B - International loans/grants||EGP||136,394,865,466||8,679,293,805|
|Arab Republic of Egypt||08B1||08B1 - Asian Development Bank||EGP|
|Arab Republic of Egypt||08B2||08B2 - Other||EGP||136,394,865,466||8,679,293,805||African Development Bank Group. https://www.afdb.org/en/news-and-events/press-releases/egypt-african-development-bank-approves-225-million-euros-budget-support-loan-electricity-sector-bolster-economic-resilience-and-sustainability-amid-covid-19-36237 (accessed 19 June 2020), https://www.afdb.org/en/news-and-events/press-releases/egypt-african-development-bank-approves-emergency-relief-aid-tackle-food-insecurity-vulnerable-workers-whose-livelihoods-are-impacted-covid-19-35832 (accessed 28 May 2020). World Bank. https://www.worldbank.org/en/news/press-release/2020/05/17/egypt-world-bank-provides-us-50-million-in-support-of-coronavirus-emergency-response-under-new-fast-track-facility (accessed 21 May 2020). World Bank. https://www.worldbank.org/en/news/press-release/2020/06/16/egypt-world-bank-provides-us-400-million-in-support-of-universal-health-insurance-system#:~:text=WASHINGTON%20DC%2C%20June%2016%2C%202020,health%20outcomes%20of%20its%20citizens. (accessed 18 June 2020) https://www.worldbank.org/en/news/press-release/2020/04/02/egypt-world-bank-provides-us79-million-in-support-of-coronavirus-covid-19-emergency-response (accessed 7 May 2020). IMF. https://www.imf.org/en/News/Articles/2020/06/05/pr20236-egypt-imf-reaches-staff-level-agreement-on-12-month-us-billion-stand-by-arrangement (accessed 11 June 2020).||
(i) April 2, USD7.9 million funds from the World Bank through activating the Contingency Emergency Response Component (CERC) under the “Transforming Egypt’s Healthcare System Project”, designated for emergency response activities related to the COVID-19 outbreak in Egypt. This measure is reflected in 5A; (ii) May 11, USD2.772 billion in emergency support from the International Monetary Fund to address the COVID-19 Pandemic; (iii) May 17, USD50 million in World Bank aid for Egypt as an emergency response under the new Fast Track COVID-19 Facility; (iv) May 27, USD0.5 million emergency assistance grant from the African Development Bank Group to Egypt to provide food relief, and to contribute to restoring the livelihood of vulnerable populations severely affected by the pandemic; (v) June 5, USD5.2 billion Stand-By Arrangement from the International Monetary Fund aims to alleviate the economic impact of the COVID-19 pandemic, helping maintain macroeconomic stability, strengthen the social safety net, and support reforms to spur private-sector-led growth and job creation; (vi) June 16,USD400 million provided by the World Bank as support for the Universal Health Insurance System, to protect the most vulnerable from high health expenses due to the pandemic [update]; (vii) June 17, Approved a EUR225 million loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base. [update]
|Argentina||02||02 - Credit creation||ARS||31,000,000,000||494,023,904|
|Argentina||02A||02A - Financial sector lending/funding||ARS|
|Argentina||02B||02B - Support policies for long-term lending||ARS||BCRA. https://www.bcra.gob.ar/Noticias/Coronavirus-BCRA-creditos-mipymes.asp (Accesed 27 April 2020). Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 15 May 2020).||
No amount/estimate: (i) Provided new incentives for financial entitites to increase their loans to micro, small, and medium-sized enterprises (MiPyMEs) for the payment of salaries, as long as those entities are payment agents of the company that requests it; (ii) the Central Bank also temporarily added 60 days to each category of debtor in arrears; (iii) Developed the Conformed Invoice as a credit instrument to discount in financial entities or the capital market.
|Argentina||02C||02C - Loan guarantees||ARS||31,000,000,000||494,023,904||BCRA. https://www.argentina.gob.ar/coronavirus/medidas-gobierno (Accessed 27 April 2020).||
No amount/estimate: (i) See (i) in Actions that increase liabilities in Measure 1; (ii) Created a Special Affectation Fund, which will transfer ARS30 billion to the Argentine Guarantee Fund. The guarantees have the objective of facilitiating the repayment of loans for working capital. Eligible parties include companies listed in the small and medium-sized enterprise registry (MiPyMES Registry); (iii) No amount/estimate: FOGAR provides a guarantee that covers 100% of the credit in (iv) of Measure 1A.
|Argentina||07||07 - Central bank financing government||ARS|
|Argentina||07A||07A - Direct lending and reserve drawdown||ARS|
|Argentina||07B||07B - Secondary purchase: government securities||ARS|
|Argentina||08||08 - International Assistance Received||ARS||37,650,000,000||600,000,000|
|Argentina||08A||08A - Swaps||ARS|
|Argentina||08B||08B - International loans/grants||ARS||37,650,000,000||600,000,000||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 5 May 2020). Wall Street Journal. https://www.wsj.com/articles/argentina-moves-closer-to-sovereign-debt-default-amid-coronavirus-crisis-11590160035 (accessed 29 May 2020).||
(i) May 3, instead of defaulting to its creditors, the government proposed a three-year grace period on sovereign debt, a 5.5% reduction in bond principal, and a 62% reduction in interest payments; (ii) May 22, Argentina went into technical default when the 30-day grace period expired on $500 million interest due on $65 billion owed to private creditors.
|Argentina||08B1||08B1 - Asian Development Bank||ARS|
|Argentina||08B2||08B2 - Other||ARS||37,650,000,000||600,000,000||World Bank. https://www.worldbank.org/en/news/press-release/2020/03/25/banco-mundial-fortalece-apoyo-a-las-familias-mas-vulnerables-de-argentina (Accesed 27 April 2020). USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 29 May 2020).||
(i) World Bank Group approved a USD300 million operation to support Argentina’s efforts to strengthen its social protection system and minimize the impact of the crisis on the most vulnerable families through the "Children and Youth Protection Project”; (ii) USD300 million from USAID in new MRA humanitarian assistance will support COVID-19 response efforts for refugees and host communities.
|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||07||07 - Central bank financing government||AMD|
|Armenia||07A||07A - Direct lending and reserve drawdown||AMD|