Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Brunei Darussalam 01 01 - Liquidity Support BND
Brunei Darussalam 01A 01A - Short-term lending BND
Brunei Darussalam 01B 01B - Support policies for short-term lending BND
Brunei Darussalam 01C 01C - Forex operations BND
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 03 03 - Direct long-term lending BND 450,000,000 318,122,907
Brunei Darussalam 03A 03A - Long-term lending BND
Brunei Darussalam 03B 03B - Forbearance BND 450,000,000 318,122,907 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020); Autoriti Monetari Brunei Darussalam. https://ambd.gov.bn/Lists/News/Displayitem.aspx?ID=462 (accessed 15 April 2020).

On March 30, the Ministry of Finance and Economy (MOFE) announced additional financial support measures amounting to an estimated total of BND250 million, effective April 1. This Economic Relief Package (i) extends the deferment on principal payments of financing or loan to all sectors, (ii) provides for the restructuring or deferment on principal repayment of personal loans and hire purchase such as car financing, for a period not exceeding 10 years, (iii) provides for the deferment on principal repayments of property financing, (iv) provides for the conversion of any outstanding credit card balances into term loans not exceeding 3 years for affected individuals in the private sector only (including the self-employed), and (v) waiver of all bank fees/charges related to these facilities (except third party charges). Coupled with the earlier fiscal assistance, these measures will increase the value of Brunei’s Economic Stimulus Package to a total of BND450 million (or 3.2% of GDP).

Brunei Darussalam 04 04 - Equity support BND
Brunei Darussalam 05 05 - Government support to income/revenue BND IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

(i) All bank fees and charges (except third party charges) that are related to trade and payments of transactions in affected sectors mentioned in Measure 3 will be waived for a period of six months; and (ii) No amount/estimate: Effective April 1 for six months, an interim fiscal package has been deployed to support SMEs and self-employed groups in sectors such as tourism, hospitality, transport and restaurants. The fiscal measures include amongst others, the deferment of payments on Employees Trust Fund (TAP) and Supplementary Contributory Pension (SCP) contributions, discounts on corporate income taxes, rents and utilities.

Brunei Darussalam 05A 05A - Health BND
Brunei Darussalam 05B 05B - Non-health BND
Brunei Darussalam 06 06 - Budget reallocation BND
Brunei Darussalam 07 07 - Central bank financing government BND
Brunei Darussalam 07A 07A - Direct lending & reserve drawdown BND
Brunei Darussalam 07B 07B - Secondary purchase: government securities BND
Brunei Darussalam 08 08 - International Assistance Received BND
Brunei Darussalam 08A 08A - Swaps BND
Brunei Darussalam 08B 08B - International loans/grants BND
Brunei Darussalam 08B1 08B1 - Asian Development Bank BND
Brunei Darussalam 08B2 08B2 - Other BND
Brunei Darussalam 09 09 - International Assistance Provided BND
Brunei Darussalam 09A 09A - Swaps BND
Brunei Darussalam 09B 09B - International loans/grants BND
Brunei Darussalam 10 10 - No breakdown BND
Brunei Darussalam 11 11 - Other Economic Measures BND
Brunei Darussalam 12 12 - Non-Economic Measures BND IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020, 14 May 2020).

(i) The government is actively responding to the risks of the pandemic from spreading further by implementing a range of measures, including strict inbound and outbound travel restrictions and banning all mass gatherings, including weddings and sporting events; and (ii) The Ministry of Health (MOH) is also stepping up efforts to track close contacts of positive cases; (vi) MOH actively rolling out a contact tracing app (“BruHealth”) for residents to download before they are given the green light to visit public places.