Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Turkey 02 02 - Credit creation TRY 25,000,000,000 4,131,706,258
Turkey 02A 02A - Financial sector lending/funding TRY
Turkey 02B 02B - Support policies for long-term lending TRY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020); CBRT. https://bit.ly/3hETawS3 (accessed 29 April 2020)

(i) No amount/estimate: March 31, The limits for the targeted additional liquidity facilities offered to secure uninterrupted credit flow to the corporate sector will be increased; (ii) April 1, Joint-stock companies' dividend distributions (decided in shareholders' meetings) are capped to 25% of their 2019 profits (iii) April, The Central Bank of the Republic of Turkey lowered the policy rate by 100 basis points to 9.75%; (iv) May 6, banks are required to maintain a new consolidated and individual asset ratio of at least 100% starting at the beginning of June; otherwise, they will have to pay an administration fee.

Turkey 02C 02C - Loan guarantees TRY 25,000,000,000 4,131,706,258 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).

TRY25 billion for doubling the credit guarantee fund.

Turkey 02 02 - Credit creation TRY 25,000,000,000 4,131,706,258
Turkey 02A 02A - Financial sector lending/funding TRY
Turkey 02B 02B - Support policies for long-term lending TRY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020); CBRT. https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/announcements/press+releases/2020/ano2020-23 (accessed 29 April 2020)

No amount/estimate: (i) March 31, The limits for the targeted additional liquidity facilities offered to secure uninterrupted credit flow to the corporate sector will be increased; (iI) April, The Central Bank of the Republic of Turkey (CBRT) lowered the policy rate by 100 basis points to 9.75%.

Turkey 02C 02C - Loan guarantees TRY 25,000,000,000 4,131,706,258 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).

TRY25 billion for doubling the credit guarantee fund.