Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Brunei Darussalam 01 - Liquidity Support
Brunei Darussalam 01A - Short-term lending
Brunei Darussalam 01B - Support policies for short-term lending
Brunei Darussalam 01C - Forex operations
Brunei Darussalam 02 - Credit creation
Brunei Darussalam 02A - Financial sector lending/funding
Brunei Darussalam 02B - Support policies for long-term lending
Brunei Darussalam 02C - Loan guarantees
Brunei Darussalam 03 - Direct long-term lending 450,000,000 318,122,907
Brunei Darussalam 03A - Long-term lending
Brunei Darussalam 03B - Forbearance 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 - Equity support
Brunei Darussalam 05 - Government support to income/revenue 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 - Health
Brunei Darussalam 05B - Non-health
Brunei Darussalam 06 - Budget reallocation
Brunei Darussalam 07 - Central bank financing government
Brunei Darussalam 07A - Direct lending & reserve drawdown
Brunei Darussalam 07B - Secondary purchase: government securities
Brunei Darussalam 08 - International Assistance Received 0
Brunei Darussalam 08A - Swaps
Brunei Darussalam 08B - International loans/grants 0
Brunei Darussalam 08B1 - Asian Development Bank
Brunei Darussalam 08B2 - Other
Brunei Darussalam 09 - International Assistance Provided
Brunei Darussalam 09A - Swaps
Brunei Darussalam 09B - International loans/grants
Brunei Darussalam 10 - No breakdown
Brunei Darussalam 11 - Other Economic Measures
Brunei Darussalam 12 - Non-Economic Measures 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.