Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Netherlands 01 01 - Liquidity Support EUR
Netherlands 01A 01A - Short-term lending EUR
Netherlands 01B 01B - Support policies for short-term lending EUR
Netherlands 01C 01C - Forex operations EUR
Netherlands 02 02 - Credit creation EUR 27,269,000,000 30,164,823,009
Netherlands 02A 02A - Financial sector lending/funding EUR
Netherlands 02B 02B - Support policies for long-term lending EUR 6,000,000 6,637,168 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); Bruegel. https://www.bruegel.org/publications/datasets/covid-national-dataset/#netherlands (accessed 15 April 2020).

March, (i) EUR6 million credit created by reducting interest rates from (Qredits); (ii) No amount/estimate: De Nederlandsche Bank (DNB) reduced systemic buffers from the current 3% of global risk-weighted exposures to 2.5% for ING, 2% for Rabobank and 1.5% for ABN Amro; (iii) No amount/estimate: the planned introduction of a risk weight floor for mortgage loans has been postponed. It is expressly intended that this released capital is used to support lending, as opposed to paying dividends or buying back own shares.

Netherlands 02C 02C - Loan guarantees EUR 27,263,000,000 30,158,185,841 OECD. http://www.oecd.org/coronavirus/en/ (accessed 14 May 2020). Finnvera. https://www.finnvera.fi/finnvera/uutishuone/uutiset/finnveran-takausosuus-jopa-90-prosenttia-jos-rahoituksen-jarjestyminen-sita-edellyttaa (accessed 24 May 2020). NL Government. https://www.government.nl/topics/coronavirus-covid-19/news/2020/06/26/government-offers-financial-support-to-klm-as-a-result-of-the-corona-crisis (accessed 29 June 2020)

(i) No amount/estimate: March 30, The government increased export credit insurance for firms through the credit insurer Atradius. The share of the working capital that companies need for their export production was raised from 80% to 95%; (ii) April 9, Budget for guarantee facility for SME loans via BMKB was raised to EUR1.5 billion, while the premium for SME loans has been reduced from 3.9 to 2%; (iii) Increase to EUR10 billion (from EUR400 million) in the ceiling of the GO business loan guarantee scheme; (iv) The government provides EUR12 billion guarantees for the credit insurance market to ease lending to small firms; (v) April 17, EUR650 million (increased from EUR400 million) additional temporary guarantee for working capital and other type of support for agricultural and horticultural companies; (vi) May 14, EUR713 million in guarantees for bridging loans for small companies under the Small Credits Corona Guarantee Scheme. The guarantee covers 95% of bank loans, and funding is provided for a maximum of five years at an interest rate of 4% for company with positive profits over the last three years; (vii) No amount/estimate: May 7, Finnvera (official export credit agency) increased its guarantee share for SME loans from 80% to 90%; (viii) June 26, EUR2.4 billion in guarantees for bank loans made by KLM Airlines.

Netherlands 03 03 - Direct long-term lending EUR 1,365,000,000 1,509,955,752
Netherlands 03A 03A - Long-term lending EUR 1,365,000,000 1,509,955,752 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020). Ministry of Economic Affairs and Climate. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/05/28/uitbreiding-op-ondernemersregelingen-noodpakket-banen-en-economie (accessed 29 May 2020). NL Government. https://www.government.nl/topics/coronavirus-covid-19/news/2020/06/26/government-offers-financial-support-to-klm-as-a-result-of-the-corona-crisis (accessed 29 June 2020) European Commission. https://nltimes.nl/2020/05/29/government-backs-travel-vouchers-refunds-another-eu150-million (accessed 31 July 2020

(i) EUR200 million available for bridging loans to start-ups, scale-ups and innovative small and medium enterprises. These loans will be provided through regional development companies in the Netherlands; (ii) Loans at reduced interest rates are available under the scheme in (ii) of Non-health, Measure 5; (iii) June 26, EUR1 billion in direct loans to KLM Airlines, to be given in tranches through to 2025; (iv) EUR165 million in subsidized loans to the five Dutch Travel Guarantee Funds that operate package travel guarantee schemes, subject to the following conditions: (a) the reduced interest rates will be above the minimum levels set in the Temporary Framework; (b) the loan contracts will be signed by 31 December 2020 at the latest; and (c) the maturity of the loans will not exceed six years.

Netherlands 03B 03B - Forbearance EUR OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/06/16/kabinet-treft-maatregelen-om-toename-mensen-met-schulden-op-te-vangen (accessed 18 June 2020)

(i) No amount/estimate: The banking sector has responded by giving an automatic 6-month payment holiday (interest and amortisation) for all business loans of less than EUR2.5 million; (ii) No amount/estimate: Ban on forced home sales of homeowners who are temporarily unable to meet their mortgage obligations due to the corona crisis until 1 July (7 April) and automatic extension of temporary rent contracts until the end of June (8 April); (iii) No amount/estimate: June 17, Proposed the temporary deferral of debt payments by four months.

Netherlands 04 04 - Equity support EUR
Netherlands 05 05 - Health and income support EUR 63,009,000,000 69,700,221,239
Netherlands 05A 05A - Health support EUR
Netherlands 05B 05B - Income support EUR 63,009,000,000 69,700,221,239 OECD. http://www.oecd.org/coronavirus/en/ (accessed 22 May 2020); Bruegel. https://www.bruegel.org/publications/datasets/covid-national-dataset/#netherlands (accessed 15 April 2020); Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/05/01/110-miljoen-euro-ondersteuning-voor-sportverenigingen (accessed 11 May 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/05/15/%E2%82%AC500-miljoen-extra-voor-studenten-en-zomerscholen (accessed 22 May 2020). Global Tax News. https://www.tax-news.com/news/Netherlands_Clarifies_COVID19_VAT_Concessions____97711.html (accessed 29 May 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/05/20/kabinet-investeert-in-doorbouwen (accessed 1 June 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/07/03/77-miljoen-extra-voor-structurele-inzet-van-digitale-zorg-thuis (accessed 8 July 2020). Rijksoverheid. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/08/28/kabinet-verlengt-coronasteun-banen-en-economie-tot-en-met-2021 (accessed 3 September 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/08/31/aanvullende-compensatie-corona-voor-gemeenten (accessed 3 September 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/09/02/vergoeding-voor-ouders-die-buiten-de-noodregeling-kinderopvang-vallen (accessed 5 September 2020)

(i) April 1, EUR10 billion for temporary compensation of employers’ wage costs, up to 90% of wage bill, conditional on at least 20% fall in turnover in the months March to May compared to 2019 (NOW scheme). In addition, the government will cover 30% of pension contributions and the employers' premium; (ii) EUR2 billion for compensation of self-employed and independent entrepreneurs without staff; (iii) EUR465 million in emergency support in the form of a lump sum of EUR4,000 for businesses that were forced to close doors due to government regulations (TOGS scheme); (iv) EUR175 million for Childcare Compensation for parents who continue paying for childcare during the lockdown (8 April); (v) EUR36 billion for deferral of tax collection of VAT, income, corporate, wage and turnover taxes from companies. Furthermore, under the measures, default penalties will not need to be paid in cases where extensions are approved, while interest on overdue taxes will be reduced to 0.01% until October 1, 2020; (vi) No amount/estimate: April 1, the government will cover 30% of pension contributions and the employers' premium; (vii) No amount/estimate: March 30, self-employed (without employees) hit by the corona crisis are to receive monthly 1,050 'euros over the next three months, irrespective of their savings. For married couples or couples with children a maximum of EUR 1,500 a month will apply; (viii) April 17, EUR300 million grants for the culture sector, including museums and theatres; (ix) May 1, EUR110 million to support sports clubs; (x) No amount/estimate: May 20, The government will compensate public transport companies for the loss of income and extra costs they face due to the crisis; (xi) May 20, EUR500 million allocated to education spending. EUR200 million will go to students to mitigate the consequences of the coronavirus epidemic, and EUR244 million will go to primary, secondary, and vocational education to make up for educational gaps caused by the coronavirus; (xii) May 20, Short-term measures for the construction sector: (a) EUR50 million in construction projects, (b) Increased subsidies for citizens to make their homes more environmentally sustainable (the “SEEH scheme"), (c) EUR20 million available for municipalities in the form of “flex pools” (civil servants with technical knowledge about planning and licensing), (d) EUR50 million in housing incentives for prospective homeowners belonging to vulnerable groups; (xiii) EUR1.4 billion allocated for tax-free allowances to affected SMEs to pay their fixed material costs; (xiv) EUR77 million to support remote care, aimed at frail elderly people living at home and people with chronic illnesses or disabilities. The intervention takes the form of a subsidy for healthcare providers who want to use digital applications, and applications are limited at EUR50,000 per request; (xv) August 28, EUR11 billion in additional expenditures from extending the following initiatives through to 2021: (a) NOW scheme, an allowance for wage costs; (b) Tozo, income support for the self-employed; (c) TVL, fixed cost allowances for SMEs, and (d) tax deferment measures [update]; (xvi) August 28, EUR777 million to compensate municipalities, provinces, and water boards for lost income [update]; (xvii) September 2, EUR8.5 million as compensation for parents who fall outside the emergency childcare scheme. [update]

Netherlands 06 06 - Budget reallocation EUR
Netherlands 07 07 - Central bank financing government EUR
Netherlands 07A 07A - Direct lending and reserve drawdown EUR
Netherlands 07B 07B - Secondary purchase: government securities EUR
Netherlands 08 08 - International Assistance Received EUR
Netherlands 08A 08A - Swaps EUR
Netherlands 08B 08B - International loans/grants EUR
Netherlands 08B1 08B1 - Asian Development Bank EUR
Netherlands 08B2 08B2 - Other EUR
Netherlands 09 09 - International Assistance Provided EUR 15,235,955 16,853,932
Netherlands 09A 09A - Swaps EUR
Netherlands 09B 09B - International loans/grants EUR 15,235,955 16,853,932 UN. http://mptf.undp.org/factsheet/fund/COV00 (accessed 22 May 2020)

As of May 20, contributed USD16,853,932 to the UN COVID-19 Response and Recovery Fund.

Netherlands 10 10 - No breakdown EUR 13,000,000,000 14,380,530,973 Rijksoverheid. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/05/20/coronavirus-verlenging-en-uitbreiding-noodpakket-banen-en-economie (accessed 22 May 2020)

May 20, EUR13 billion for a new emergency package, which has five major components: (a) Companies will receive a tax-free allowance from the Ministry of Economic Affairs so that they can pay for their fixed costs, (b) Adjusted labor compensation ("NOW") program that does not reduce compensation for commercial dismissals, (c) Bridging ("TOZO") program that now applies to entrepreneurs and self-employed persons, (d) Prolonged tax relief, and (e) Lending and guarantees ("BMKB", "GO", "KKC", "COL") for entrepreneurs.

Netherlands 11 11 - Other Economic Measures EUR Financien Belgium. https://financien.belgium.be/nl/Actueel/overeenkomst-tussen-de-bevoegde-autoriteiten-van-nederland-en-belgi%C3%AB-ter-verlenging-van-de (accessed 5 June 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/06/19/bij-steun-overheid-moeten-bedrijven-onwenselijke-belastingconstructies-afbouwen (accessed 24 June 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/06/23/eerste-kamer-stemt-in-met-wijziging-wet-gemeentelijke-schuldhulpverlening (accessed 24 June 2020)

(i) No amount/estimate: June 2, Extended the agreement on tax treatment of cross-border workers until June 30, 2020; (ii) Approved an amendment to the Municipal Debt Assistance Act, allowing municipalities to exchange data from citizens with payment arrears at an early stage with housing corporations, energy, and drinking water companies and health insurers to identify people with debts in time and to offer debt counseling. The amendment will take effect on January 1, 2021; (iii) Imposed new conditions on companies that seek support (including corona-related support) from the Dutch government: (a) the company cannot be located in a country that already has a low tax rate, and (b) the Dutch branches of the company cannot have paid interest or royalties to branches of the group in countries with too low tax rates.

Netherlands 12 12 - Non-Economic Measures EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 May 2020). OECD. https://www.oecd.org/coronavirus/country-policy-tracker/ (accessed 20 July 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/08/12/nederland-stelt-inreisverbod-voor-marokko-weer-in (accessed 13 August 2020)

(i) The authorities have taken measures to limit the spread of the virus, including ordering closure of schools and many catering businesses, and advising to avoid social contact and work from home to the extent possible; (ii) As the number of new infections and death continue to decline, the Dutch government is laying down a progressive easing of the lockdown measures; (iii) Starting on May 11, and under strict conditions, childcare services and primary schools will be allowed to reopen, as well as some businesses (including for example hairdressers and nail stylists). The authorities have stressed that further relaxation of the containment measures will follow only to the extent that the spread of virus remains contained; (iv) Starting on June 1, secondary schools and more businesses (e.g. restaurants and cafes, cultural institutions) will also reopen; (v) As of June 15, tourists from EU or Schengen countries can enter the Netherlands. However, tourists from Sweden and the United Kingdom should go into quarantine for 14 days. Tourists must reserve their holiday accommodation before they travel to the Netherlands; (vi) Starting July 1, gatherings of more than 100 people in a closed space will be allowed, and no limit on occupancy will be imposed on cinemas, cafés and restaurants. Social distancing requirements will remain in place, however. (vii) The Netherlands will reinstate the entry ban for Morocco from 13 August 2020; (viii) August 6, the Dutch government introduced new nationwide measures to curb the spread, including compulsory testing at Schiphol airport and mandatory temporary closing of entertainment businesses experiencing an outbreak.

Philippines 01 01 - Liquidity Support PHP 264,734,000,000 5,200,693,075
Philippines 01A 01A - Short-term lending PHP BSP. http://www.bsp.gov.ph/publications/media.asp?id=5400 (accessed 10 June 2020)

(i) June 10, The BSP re-offered other tenors in its term-deposit facility (TDF) and started a measured increase in offer volumes in its RRP facility with a PHP200-billion auction offering in line with the stabilization of liquidity conditions and normalization in the BSP's monetary operations. (ii) See the short-term lending component of (vi) in Measure 3A.

Philippines 01B 01B - Support policies for short-term lending PHP 264,734,000,000 5,200,693,075 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 April 2020). BSP. https://drive.google.com/file/d/1ZYm2oNeH8h6iFWSpKp0AZX5VqtQxYclo/view (accessed 20 April 2020).BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/c1087_.pdf (accessed 29 May 2020). BusinessWorld. https://www.bworldonline.com/bsp-to-extend-alternate-reserve-compliance-until-2022/ (accessed 4 June 2020). BusinessWorld. https://www.bworldonline.com/lenders-use-nearly-p45b-in-msme-loans-as-alternative-reserve-compliance/ (accessed 3 July 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5444 (accessed 21 July 2020). The Philippine Star. https://www.philstar.com/business/2020/08/12/2034549/loans-qualified-rrr-nears-p100-billion (accessed 12 August 2020).

(i) March 30, the BSP announced a 200-basis point (bps) reduction of the reserve requirement ratio (RRR) for banks (an estimated additional liquidity of PHP220 billion, which also includes the impact of lowering the policy rate mentioned in Non-lending actions of Measure 2); (ii) No amount/estimate: Easier terms and access to the BSP’s rediscounting facility; (iii) No amount/estimate: April 7, Reduced the Minimum Liquidity Ratio (MLR) for stand-alone thrift banks, rural banks and cooperative banks from 20% to 16% (effective until December 31); (iv): April 16, The BSP also revised the composition of the RRR to include loans granted to micro-, small-, and medium-scale enterprises or MSMEs (equivalent to a cut of more than 2 percentage points [pps] to the RRR; see also [iii] in Non-lending actions of Measure 2). On May 29, The BSP expanded the coverage of the measure to include large enterprises. On June 4, The BSP extended the aforementioned alternative reserve compliance measures until 2022. As of July 23, PHP96.5 billion in MSME loans and PHP12.3 billion in loans to large enterprises have been used as alternative reserve compliance by banks. (v) July 21, The BSP announced a 100-bps cut in reserve requirements of thrift banks and rural and cooperative banks to 3% and 2%, respectively, effective July 31 to increase lending capacity for MSMEs and rural clients.

Philippines 01C 01C - Forex operations PHP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 April 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5364 (accessed 28 April 2020).

No amount/estimate: The BSP has: (i) Relaxed documentary and reporting rules for foreign exchange operations; and (ii) April 23, Eased the asset cover requirement of banks with expanded/foreign currency deposit units.

Philippines 02 02 - Credit creation PHP 120,000,000,000 2,357,397,119
Philippines 02A 02A - Financial sector lending/funding PHP
Philippines 02B 02B - Support policies for long-term lending PHP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 April 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5358 (accessed 20 April 2020); https://drive.google.com/file/d/1xns3zUB9SrOahfDMURUkZacZjNhaCazm/view; http://www.bsp.gov.ph/publications/media.asp?id=5369; https://drive.google.com/file/d/16Revt89oruyF4RPRjTcUX6SxmpG-7Jwi/view; http://www.bsp.gov.ph/publications/media.asp?id=5376 (accessed 7 May 2020); http://www.bsp.gov.ph/downloads/regulations/attachments/2020/c1086.pdf (accessed 11 May 2020). BusinessWorld. https://www.bworldonline.com/ic-outlines-regulatory-relief-for-insurers/ (accessed 18 May 2020). IC. https://www.insurance.gov.ph/wp-content/uploads/2020/05/CL2020_60.pdf (accessed 18 May 2020). BSP http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m048.pdf (accessed 8 June 2020). BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m049.pdf (accessed 10 June 2020). BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m050.pdf (accessed 18 June 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5425 (accessed 25 June 2020). BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m054.pdf (accessed 29 June 2020). BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/m057.pdf (accessed 24 July 2020). BSP. http://www.bsp.gov.ph/downloads/regulations/attachments/2020/c1091.pdf (accessed 22 24 July 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5486 (accessed 20 August 2020).

No amount/estimate: (i) The Bangko Sentral ng Pilipinas (BSP) has reduced its policy rate four times since February by a cumulative 175 bps to a record low 2.25% (impact along with reducing required reserves is recorded Non-lending actions of Measure 1); (ii) Regulatory relief measures for the banking sector: (a) temporary relaxation of requirements on compliance reporting, penalties on required reserves, and single borrower limits; and (b) a temporary relaxation of provisioning requirements (subject to the BSP approval); (c) relaxation of prudential regulations regarding marking-to-market of debt securities. These relief measures are intended to encourage banks, in turn, to provide financial relief to their borrowers (e.g., temporary grace period for loan payments). (iii) April 16, The BSP also approved a package of measures to further reduce the financial burden on loans to MSMEs including: (a) the counting of loans granted to MSMEs under banks' compliance with the reserve requirement, and on May 5: (b) deferred the implementation of the revised risk-based capital framework applicable under Basel III for stand-alone thrift banks, rural banks and cooperative banks, and (c) approved the assignment of a zero risk weight for MSME loans guaranteed by the Philippine Guarantee Corp., Agricultural Guarantee Fund Pool and the Agricultural Credit Policy Council; (iv) April 21, Waiver of fees on fund transfer transactions under PhilPass. On June 5, this was extended to the end of the year. (v) April 24, Temporary relaxation in the credit risk weights for loans to MSMEs; (vi) April 28, suspension of charges for filing, processing, and licensing/registration fees relative to application to provide electronic payment and financial services (EPFS) as an additional relief to BSFIs affected by the Corona Virus Disease 2019 (COVID-19) situation, effective for a period of six (6) months from 8 March 2020; (vii) May 4, The BSP temporarily allowed banks to use their capital buffers to absorb losses and support financing requirements, and to let their LCR go below 100% to meet liquidity demand; (viii) May 6, The BSP further eased standards on asset cover on foreign currency liabilities by subjecting lenders to a rolling two-week compliance period and give more flexibility in managing their foreign currency exposure (see also [ii] in Measure 1C). (ix) May 15, The Insurance Commision provided regulatory relief measures by (a) exempting those insurance companies from the quarterly PHP900 million net worth requirement (applicable only to those already compliant with the requirement as of end-December while those that have failed to comply before the enhanced community quarantine was declared last March 17 can only avail of the relief once they “put up additional funds to cover the net worth deficiency”); (b) relaxing the levels of regulator intervention based on the company’s level of compliance with the minimum risk-based capital ratio; and (c) extending the provisional period by which agents can sell insurance products online until the end of the year. (x) June 9, Suspension of the submission of required reports and other documents by BSP-supervised financial institutions except for the Financial Reporting Package for Banks (FRP), the Consolidated Foreign Exchange (FX) Position Report, event-driven report requirements and reserve requirement-related reports. (xi) June 15, Temporary relaxation in the borrowing limit of pawnshops from 50% to 70% until end-December 2021. (xii) June 26, Postponement of the adoption of the Supervisory Assessment Framework from July 1, 2020 to January 1, 2021. (xiii) July 21, The BSP eased regulatory requirements on bank operations further until 31 March 2021 including increasing the single borrower's limit from 25% to 30%; relaxations in penalties for reserve deficiencies, notification requirements, submissions of reports and other documents, and extension in the period of compliance with supervisory requirements. (xiv) July 22, The BSP exempted debt securities held by market makers from the credit exposure limit to a single borrower. (xv) August 20, The BSP increased the real estate loan limit for banks from 20% to 25% of their total loan portfolio net of interbank loans.

Philippines 02C 02C - Loan guarantees PHP 120,000,000,000 2,357,397,119 Department of Finance. PDI. https://business.inquirer.net/301668/govt-guarantees-p37-5b-in-bank-loans-to-smes (accessed 4 July 2020).

PHP120 billion credit guarantee for affected small businesses. As of end-June 2020, PHP37.5 billion in guarantees have been approved.

Philippines 03 03 - Direct long-term lending PHP 18,518,000,000 363,785,665
Philippines 03A 03A - Long-term lending PHP 18,518,000,000 363,785,665 Department of Finance. https://www.dof.gov.ph/over-80-schools-eyeing-landbanks-academe-credit-program/ (accessed 7 July 2020). PDI. https://business.inquirer.net/303795/govt-to-reopen-loan-program-for-msmes; https://business.inquirer.net/304020/dti-secures-another-p1b-for-cares-program (accessed 29 and 31 July 2020).

(i) PHP10 billion Land Bank of the Philippines loan program for LGUs to increase their emergency funding. (ii) PHP2.8 billion additional funding for DA’s Survival and Recovery Assistance Program (SURE Aid)for affected farmers and fishers. (iii) PHP1.203 billion for DTI loan program for micro, small, and medium enterprises (MSMEs) for enterprise development training and livelihood kits. As of July 29, the Department of Trade and Industry announced a new funding source worth PHP3 billion for its CARES lending program for MSMEs. A further PHP1 billion in additional funding was secured from state-owned banks. (iv) Up to PHP15 million loan assistance from the DA for micro and small enterprises engaged in agriculture and fisheries production. (v) PHP3 billion lending program for "study now, pay later" schemes in private schools by the Land Bank of the Philippines. As of July 7, PHP260 million have been approved. (vi) July 10, PHP1.5 billion LBP I-Study lending program offering short-term (<1 year) loans for preschool to secondary students and term loans (up to 3 years) for tertiary students.

Philippines 03B 03B - Forbearance PHP Department of Finance

No amount/estimate: (i) Implementation of a minimum 30-day grace period for payment of all loans, without incurring interest on interest, penalties, or other charges; (ii) April 28, Pursuant to Republic Act No. 11469 entitled “Bayanihan to Heal as One Act”, the suspension of acceptance of installment payments for Bangko Sentral ng Pilipinas (BSP) properties purchased on installment basis is extended until 31 May 2020, and additional interest or penalties will not be imposed.

Philippines 04 04 - Equity support PHP