Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
France 02 02 - Credit creation EUR 330,200,000,000 365,265,486,726
France 02A 02A - Financial sector lending/funding EUR
France 02B 02B - Support policies for long-term lending EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020); Banque de France. https://acpr.banque-france.fr/communique-de-presse/lacpr-appelle-les-institutions-financieres-sous-sa-supervision-suivre-la-recommandation-esrb202007 (accessed 6 August 2020).

(i) No amount/estimate: April, Reducing the counter-cyclical bank capital buffer to 0% (an increase from 0.25 percent to 0.5 percent, effective April); (ii) credit mediation to support renegotiation of SMEs’ bank loans; (iii) June 28, L'ACPR, Banque de France, required financial institutions under its supervision to follow the recent EU directive and refrain until January 1, 2021 from paying dividends, buying back shares or granting new variable remuneration to the main risk takers within them .

France 02C 02C - Loan guarantees EUR 330,200,000,000 365,265,486,726 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020) EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_779 (accessed 2 May 20200; Le Figaro https://www.lefigaro.fr/flash-eco/le-gouvernement-annonce-390-millions-d-euros-pour-le-transport-routier-20200417 (accessed 2 May 2020); European Commission https://ec.europa.eu/commission/presscorner/detail/en/IP_20_796 (accessed 14 May 2020); Economie. https://www.economie.gouv.fr/3-projet-loi-finances-rectificative-plfr-iii-2020# (accessed 4 July 2020).

(i) EUR300 billion in the state guarantee mechanism for new liquidity loans granted by credit institutions between 16 March and 31 December 2020 to companies registered in France; (ii) EUR15 billion (from EUR12 billion) in specific guarantees for export insurance and credit insurance ; (iii) April 29, EUR5 billion loan guarantee for Renault; (iv) May 6, EUR4 billion state guarantee on loans and a subordinated shareholder loan to Air France-KLM by the French state; (v) No amount/estimate: June 6, the State guarantee system for credit insurance is strongly reinforced to allow companies to keep their cover. This measure is very important for construction companies whose cash flow is very dependent on inter-company credit. The measure will be implemented immediately by decree for SMEs and medium-sized enterprises; (vi) EUR6.2 billion loan guarantees for tourism industry .

France 02 02 - Credit creation EUR 300,000,000,000 331,858,407,080
France 02A 02A - Financial sector lending/funding EUR
France 02B 02B - Support policies for long-term lending EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

(i) No amount/estimate: April, Reducing the counter-cyclical bank capital buffer to 0% (an increase from 0.25 percent to 0.5 percent, effective April); (ii) credit mediation to support renegotiation of SMEs’ bank loans.

France 02C 02C - Loan guarantees EUR 300,000,000,000 331,858,407,080 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

EUR300 billion in the state guarantee mechanism for new liquidity loans granted by credit institutions between 16 March and 31 December 2020 to companies registered in France.