|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||07||07 - Central bank financing government||BND|
|Brunei Darussalam||07A||07A - Direct lending and reserve drawdown||BND|
|Brunei Darussalam||07B||07B - Secondary purchase: government securities||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 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 .
|Cambodia||07||07 - Central bank financing government||KHR|
|Cambodia||07A||07A - Direct lending and reserve drawdown||KHR|
|Cambodia||07B||07B - Secondary purchase: government securities||KHR|
|Indonesia||02||02 - Credit creation||IDR||150,000,000,000,000||9,871,945,201|
|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).||
No amount/estimate: (i) BI reduced the policy rate by 75 bps cumulatively in February, March, and June 2020, to 4.25%; [update] (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||150,000,000,000,000||9,871,945,201||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).||
(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. (ii) May 19, Guarantees for working capital loans provided by banks for debtors, especially MSMEs.
|Indonesia||07||07 - Central bank financing government||IDR||192,280,000,000,000||12,654,517,488|
|Indonesia||07A||07A - Direct lending and reserve drawdown||IDR||26,070,000,000,000||1,715,744,076||The Jakarta Post. https://www.thejakartapost.com/news/2020/04/23/bank-indonesia-buys-108m-of-government-bonds-at-auction-first-time-since-rule-change.html (accessed 27 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020). BI. https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Perkembangan-Terkini-Perekonomian-dan-Langkah-BI-dalam-Hadapi-COVID-19-28-Mei-2020.aspx (accessed 2 June 2020). BI. https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Perkembangan-Terkini-Perekonomian-dan-Langkah-BI-dalam-Hadapi-COVID-19-5-Juni-2020.aspx (accessed 10 June 2020).||
(i) April 21, BI directly purchased IDR1.7 trillion (USD108 million) worth of sharia sovereign bonds during an auction held by the government for the first time. As of May 28, BI has purchased IDR23.98 trillion in the primary market. In the first week of June, BI made an additional IDR2.09 trillion worth of purchases in the primary market. (ii) No amount/estimate: In line with BI's expanded financial stability mandate as mentioned in (v) of Measure 1A, BI is authorized to finance the deposit insurance agency (LPS) for bank solvency problems.
|Indonesia||07B||07B - Secondary purchase: government securities||IDR||166,210,000,000,000||10,938,773,412||Bank Indonesia. https://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_223020.aspx; https://www.bi.go.id/id/ruang-media/info-terbaru/Pages/BI-Terbitkan-Ketentuan-Pelaksanaan-Lelang-SUN-dan-atau-SBSN-Jangka-Panjang-di-Pasar-Perdana.aspx (accessed 27 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020).||
(i) From January to April, IDR166.21 trillion purchases of government securities (SBN) in the secondary market by BI.
|Lao PDR||02||02 - Credit creation||LAK|
|Lao PDR||02A||02A - Financial sector lending/funding||LAK|
|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||07||07 - Central bank financing government||LAK|
|Lao PDR||07A||07A - Direct lending and reserve drawdown||LAK|
|Lao PDR||07B||07B - Secondary purchase: government securities||LAK|
|Malaysia||02||02 - Credit creation||MYR||50,000,000,000||11,639,275,571|
|Malaysia||02A||02A - Financial sector lending/funding||MYR|
|Malaysia||02B||02B - Support policies for long-term lending||MYR||Bank Negara Malaysia. https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5022&lang=en (accessed 19 April 2020); BNM. https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5007&lang=en (accessed 19 April 2020); Bank Negara Malaysia . https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5018 (accessed 19 April 2020); Securities Commission Malaysia (SC). https://www.sc.com.my/resources/media-releases-and-announcements/sc-announces-further-relief-measures-for-capital-market-licensed-entities (accessed 19 April 2020). International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 April 2020); SC. https://www.sc.com.my/resources/media-releases-and-announcements/sc-announces-series-of-capital-market-measures-to-support-businesses (accessed 16 April 2020).; BNM. https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5045&lang=en (17 May 2020).||
No amount/estimate: (i) March 3, BNM lowered the Overnight Policy Rate (OPR) by 25 basis points to 2.5%. May 5, OPR dropped by 50 basis points to 2%. The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.25% and 1.75%, respectively; (ii) March 24, The Securities Commission Malaysia (SC) waived annual licensing fees for capital market licensed entities; (iii) March 25, BNM announced measures temporarily easing regulatory and supervisory compliance on banks to enable them to support loan deferment and restructuring; (iv) March 27, in PRIHATIN, Special Relief Facility (SRF) interest rate is reduced from 3.75% to 3.5%; (v) April 10, The Companies Commission of Malaysia announced measures to enhance protection of distressed companies against liquidation; (vi) April 16, SC announced regulatory relief measures for public listed companies.
|Malaysia||02C||02C - Loan guarantees||MYR||50,000,000,000||11,639,275,571||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020).||
March 27 in PRIHATIN, The Government will also provide a MYR50 billion guarantee scheme up to 80% of the loan amount for financing working capital requirements. The minimum guaranteed loan size is MYR20 million per company.
|Malaysia||07||07 - Central bank financing government||MYR||8,495,392,020||1,977,604,176|
|Malaysia||07A||07A - Direct lending and reserve drawdown||MYR|
|Malaysia||07B||07B - Secondary purchase: government securities||MYR||8,495,392,020||1,977,604,176||Bank Negara Malaysia. https://www.bnm.gov.my/web/guest/bnmstatement/-/tag/bnmstats-2020 (accessed 26 June 2020).||
15 June 2020, The Malaysian Government Papers purchased by the Bank Negara Malaysia amounted to MYR10.47 billion. This is equal to an increase of MYR8.50 billion from 31 December 2019 (total of MYR1.98 billion) [update].
|Myanmar||02||02 - Credit creation||MMK|
|Myanmar||02A||02A - Financial sector lending/funding||MMK|
|Myanmar||02B||02B - Support policies for long-term lending||MMK||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/myanmar-government-and-institution-measures-in-response-to-covid.html (accessed on 28 May 2020).||
No amount/estimate: The CBM (i) cut the policy interest rate by 0.5 percentage points on March 12 and by 1 percentage point on March 24, and has announced a further 1.5 percentage points reduction to be effective May 1; and (ii) April 23, Announced the extension of the deadline for compliance to certain prudential regulations (enacted in July 2017) by three years from end-August 2020 to end-August 2023 to enable banks to support the economy cope with the impact of COVID-19; (iii) May, Deposit rates will be subject to a lower minimum rate of 6.5%, secured lending rates will be subject to a lower maximum of 11.5%, and unsecured lending will have a lower maximum rate of 14.5%.
|Myanmar||02C||02C - Loan guarantees||MMK|
|Myanmar||07||07 - Central bank financing government||MMK|
|Myanmar||07A||07A - Direct lending and reserve drawdown||MMK|
|Myanmar||07B||07B - Secondary purchase: government securities||MMK|