Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source 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
Afghanistan 02B1 02B1 - Interest rate adjustments AFN
Afghanistan 02B2 02B2 - Other policies to support 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 12 12 - Non-Economic Measures AFN
Afghanistan 12A 12A - Measures affecting travel and transport (local and international) AFN UNESCAP. https://www.unescap.org/sites/default/files/Afghanistan_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

(i) Between March and April 2020, Border closures and suspension of international and domestic flights; As of November, both domestic and international travel has resumed. However, passengers will still need to carry a COVID-19 negative certificate.

Afghanistan 12B 12B - Measures affecting business and workplace AFN UNESCAP. https://www.unescap.org/sites/default/files/Afghanistan_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

(i) 6 June 2020, The government extended the nationwide lockdown that had been in place since late March/early April for 3 more months. All public places are to remain closed, while public transportation facilities carrying more than 4 passengers are not allowed to travel. Restaurants and coffee shops are only allowed to carry out deliveries and take-outs. As of November 2020, this 6-month lockdown has been lifted.

Afghanistan 12C 12C - Others AFN UNESCAP. https://www.unescap.org/sites/default/files/Afghanistan_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

(i) March 26, The government released over 10,000 prisoners to reduce the risk of mass infections in penitentiaries; (ii) Social distancing measures, including a three-week lockdown of Kabul (28 March 2020) and Ghazni (1 April 2020) and restricting daily movements to those deemed essential; (iii) Lockdowns in over 20 provinces, including Kabul and other cities, were extended for 3 weeks on 17 April; (iv) 6 June 2020, The government extended the nationwide lockdown for 3 more months, as well as mandating additional health precautions. As of November, the lockdown has been lifted. Public gatherings are now allowed, and educational institutions have reopened.

Arab Republic of Egypt 02 02 - Credit creation EGP 108,000,000,000 6,872,426,816
Arab Republic of Egypt 02A 02A - Financial sector lending/funding EGP
Arab Republic of Egypt 02B 02B - Support policies for long-term lending EGP
Arab Republic of Egypt 02B1 02B1 - Interest rate adjustments EGP Reuters. https://www.reuters.com/article/egypt-cenbank/update-2-egypts-central-bank-cuts-interest-rates-by-50-basis-points-idINL8N2HY85S (accessed 13 November 2020); Egypt Independent. https://www.egyptindependent.com/egypt-cuts-interest-rates-by-50-bps-as-inflation-subsides/ (accessed 1 October 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).

No amount/estimate: (i) 20 March 2020, The central bank has reduced the policy rate by 300 bps to 9.25%; (ii) 24 March 2020, preferential interest rate on loans to tourism has been reduced from 10% to 5%, for SMEs. As of 24 June 2020, this measure has already been reversed; (iii) 24 March 2020, 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 24 June 2020, the new rate now applies to tourism, industry, agriculture and construction sectors as well; (iv) 25 September 2020, The Egyptian Central Bank's Monetary Policy Committee (MPC) reduced its overnight rates by 50bps each, with the lending rate down to 9.75% and the deposit rate down to 8.75%; (v) 12 November 2020, These rates were again reduced by 50bps each, with the overnight lending rate now down to 9.25% and the overnight deposit rate down to 8.25%.

Arab Republic of Egypt 02B2 02B2 - Other policies to support long-term lending EGP Reuters. https://www.reuters.com/article/egypt-banks/update-1-egypts-central-bank-bans-banks-from-paying-dividends-to-shareholders-idUSL1N2JN0LO (accessed 14 January 2021); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).

(i) Regulations issued last year requiring banks to obtain detailed information of borrowers have been relaxed; (ii) Suspension of credit score blacklists for irregular clients and waiver of court cases for defaulted customers have been announced; (iii) 12 January 2021, Egypt's central bank bans banks from paying dividends to shareholders to protect capital amid the COVID-19 crisis.

Arab Republic of Egypt 02C 02C - Loan guarantees EGP 108,000,000,000 6,872,426,816 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 6 August 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) 16 June 2020, EGP3 billion in loan guarantees to the Tourism sector; (iv) As of 30 July 2020, an EGP2 billion guarantee fund has been formed to guarantee mortgages and consumer loans.

Arab Republic of Egypt 12 12 - Non-Economic Measures EGP
Arab Republic of Egypt 12A 12A - Measures affecting travel and transport (local and international) EGP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 December 2020).

(i) Temporarily halting all air travel; (ii) Starting July 2020, there will be a gradual re-opening of the economy – air travel will resume and public transportation will operate between 4 am and midnight; (iii) As of December 2020, International flights have resumed, and tourists are arriving in small numbers.

Arab Republic of Egypt 12B 12B - Measures affecting business and workplace EGP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).

(i) Encouraging civil servants to work from home in non-essential sectors, and closing all malls, gyms, sporting clubs, in-dining restaurants and cafes; (ii) Starting July 2020, there will be a gradual re-opening of the economy – restaurants and cafes will open with 25 percent capacity, stores will close at 9 pm while restaurants and cafes will close at 10 pm, public parks and beaches will remain closed until further notice, places of worship will be open for daily prayers but main prayers like Friday prayers and masses will not be allowed, cinemas, theaters, and entertainment venues will operate with 25 percent capacity.

Arab Republic of Egypt 12C 12C - Others EGP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); Anadolu Agency. https://www.aa.com.tr/en/middle-east/egypt-starts-covid-19-vaccination/2121613 (accessed 28 January 2021).

(i) 28 April 2020, A Presidential decree published in the Official Gazette declared the state of emergency across the country for three months; (ii) The authorities have taken a host of precautionary measures to improve testing as well as to limit the community spread of the virus, including (a) setting up testing centers, (b) imposing a nighttime curfew, (c) temporarily closing places of worship; (iii) Authorities have also suspended the export of all types of legumes for a period of 3 months and plan to start increasing strategic food reserves to meet domestic demand; (iv) All parks and specialized gardens around Cairo will open to the public starting on 26 August 2020, with a maximum capacity of 50%. Starting 21 September 2020, funeral prayers and wedding ceremonies held in open-air venues have been allowed, for a maximum limit of 300 people; (v) Egypt’s Health Ministry released a 3-stage plan outlining required procedures in preparation for the gradual easing of restrictions within the country; (vi) 25 January 2021, Egypt started its COVID-19 vaccination plan [update].

Argentina 02 02 - Credit creation ARS 34,000,000,000 541,832,669
Argentina 02A 02A - Financial sector lending/funding ARS
Argentina 02B 02B - Support policies for long-term lending ARS
Argentina 02B1 02B1 - Interest rate adjustments ARS Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 15 November 2020).

13 November 2020, raised the benchmark Leliq rate to 38% from 36%, along with increases in repo rates and retail certificate deposits.

Argentina 02B2 02B2 - Other policies to support 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 34,000,000,000 541,832,669 BCRA. https://www.argentina.gob.ar/coronavirus/medidas-gobierno (Accessed 27 April 2020). Government of Argentina. https://www.argentina.gob.ar/noticias/el-gobierno-anuncio-una-linea-de-creditos-para-pymes-turisticas-con-un-ano-de-gracia-y-tasa (accessed 30 October 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; (iv) 13 October 2020, ARS3 billion in (viii) of Measure 3A.

Argentina 12 12 - Non-Economic Measures ARS
Argentina 12A 12A - Measures affecting travel and transport (local and international) ARS IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 April 2020).

(i) The country has adopted full closure of borders and a nation-wide quarantine, beginning on 20 March 2020 and lasting until at least 26 April 2020, including closed borders.

Argentina 12B 12B - Measures affecting business and workplace ARS Republic World. https://www.republicworld.com/world-news/south-america/argentina-malls-back-in-business-as-lockdown-eases.html (accessed 16 October 2020).

(i) 11 October 2020, schools and other education activities can be resumed, if certain epidemiological criteria are fulfilled. (ii) 15 October 2020, almost 8 months after lockdown, reopening of large shopping centers and the return of regular internal flights and public transport.

Argentina 12C 12C - Others ARS
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
Armenia 02B1 02B1 - Interest rate adjustments AMD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 December 2020).

(i) No amount/estimate: 28 April 2020, The Central Bank of Armenia (CBA) reduced the policy rate by 25 bps to 5%. On 17 June 2020, this rate was further reduced by 50 bps to 4.5%. On 15 September 2020, this rate was reduced to 4.25%, where it has since remained unchanged.

Armenia 02B2 02B2 - Other policies to support long-term lending AMD
Armenia 02C 02C - Loan guarantees AMD
Armenia 12 12 - Non-Economic Measures AMD
Armenia 12A 12A - Measures affecting travel and transport (local and international) AMD UNESCAP. https://www.unescap.org/sites/default/files/Armenia_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020). Tass News Agency. https://tass.com/economy/1244483 (accessed 14 January 2021)

(i) 16 March 2020, The government declared a national state of emergency, first until 14 April, but subsequently extended to 14 May, 13 June, 13 July, and finally being lifted on 11 September. During the state of emergency, travel bans were imposed on citizens from high-risk countries. Public transportation and other domestic travel was reopened earlier, on 18 May; (ii) 13 January 2021, Entry restrictions for foreigners in Armenia are withdrawn; all foreigners now can enter both by air and via ground checkpoints, as long as they have a negative PCR test result made within last 72 hours.

Armenia 12B 12B - Measures affecting business and workplace AMD UNESCAP. https://www.unescap.org/sites/default/files/Armenia_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

16 March 2020, As part of the state of emergency, the government implemented closures of public spaces. Retail businesses and restaurants were allowed to reopen earlier, on 18 May.

Armenia 12C 12C - Others AMD UNESCAP. https://www.unescap.org/sites/default/files/Armenia_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

(i) 16 March 2020, The government declared a national state of emergency, first until 14 April, but subsequently extended to 14 May, 13 June, 13 July, and finally being lifted on 11 September. As part of the state of emergency, the government implemented lockdowns as well as social distancing protocols and other health precautions; (ii) Quarantine is still in effect until 11 January 2021, which bans large gatherings and requires 14-day self-isolation and testing for people entering the country.

Australia 02 02 - Credit creation AUD 255,000,000,000 158,558,999,891
Australia 02A 02A - Financial sector lending/funding AUD 215,000,000,000 133,686,999,908 RBA. https://www.rba.gov.au/mkt-operations/term-funding-facility/ (accessed 16 April 2020); Department of Treasury. https://treasury.gov.au/sites/default/files/2020-05/Overview-Economic_Response_to_the_Coronavirus_3.pdf (accessed 3 June 2020); Department of Treasury. https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/government-invest-15b-support-sme-lending (accessed 3 June 2020); RBA. https://www.rba.gov.au/covid-19/ (accessed 03 June 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-20.html (accessed 01 September 2020); RBA. https://www.rba.gov.au/media-releases/2021/mr-21-01.html (accessed 3 February 2021).

(i) April 2020, The government is allocating up to AUD15 billion to invest in residential mortgage-backed securities and asset-backed securities to help funding for small banks and non-bank financial institutions; (ii) April 2020, To allow banks to lend more to small and medium enterprises (SMEs) during the period of disruption caused by COVID-19, RBA has established a Term Funding Facility (TFF) of at least AUD90 billion for SMEs lending (TFF will offer three-year funding to authorized deposit-taking institutions [ADIs]). On 1 September 2020, RBA announced an expansion to the TFF. ADIs will have access to additional funding, equivalent to 2% of their outstanding credit, at a fixed rate of 25 basis points for three years. ADIs will be able to draw on this extra funding up until the end of June 2021. As of 1 September 2020, ADIs have drawn AUD52 billion under the TFF. The current expansion brings the total amount available under this facility to around AUD200 billion. On 2 February 2021, the RBA announced that it will maintain the parameters of the TFF [update].