Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Bangladesh 01 - Liquidity Support 50,000,000,000 588,581,519
Bangladesh 01A - Short-term lending 50,000,000,000 588,581,519 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

On March 31, the Ministry of Finance announced a BDT50 billion (about USD588 million) stimulus package for exporting industries to be channeled through a refinance scheme operated by Bangladesh Bank. Loan proceeds will be used to pay worker salaries, primarily through mobile financial services, and the scheme is expected to benefit in close to 4 million workers for a three-month period.

Bangladesh 01B - Support policies for short-term lending IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The CRR has been reduced from 5% to 4.5% (daily-basis) and from 5.5% to 5% (bi-weekly basis). They will be reduced to 3.5% and 4% from April 15th, respectively.

Bangladesh 01C - Forex operations IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020).

No amount/estimate: Foreign exchange rules were eased by Bangladesh Bank to provide foreign currency to the Bangladeshi nationals who are visiting abroad and facing problem in returning home due to travel disruptions. It also resumed sales of the US dollar to offset extra pressure on the market caused by lower remittance inflows following the COVID-19 outbreak.

Bangladesh 02 - Credit creation 500,000,000,000 5,885,815,185
Bangladesh 02A - Financial sector lending/funding 500,000,000,000 5,885,815,185 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

The Ministry of Finance will subsidize interest payments on up to BDT500 billion in working capital loans by scheduled banks to businesses.

Bangladesh 02B - Support policies for long-term lending IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The repo rate has been lowered from 6 percent to 5.75% (effective March 24th) and will be further reduced to 5.25% effective April 12th.

Bangladesh 02C - Loan guarantees
Bangladesh 03 - Direct long-term lending
Bangladesh 03A - Long-term lending
Bangladesh 03B - Forbearance
Bangladesh 04 - Equity support
Bangladesh 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).

No amount/estimate: (i) At end-March, the Ministry of Finance issued a revised budget for FY20 that includes additional resources to fund the Ministry of Health COVID-19 Preparedness and Response Plan, and to expand existing transfer programs that benefit the poor. Increased allocation has been made to the Open Market Sale (OMS) program to facilitate the purchase of rice at one-third of the market price, , and the Ministry of Disaster Management and Relief has distributed more than 24,000 tons of food at the district level. The government also intends to increase allowances for widows and abused women, provide housing for the homeless, and develop cash transfer programs to reach the urban poor; and (ii) The National Board of Revenue has suspended duties and taxes on imports of medical supplies, including protective equipment and test kits.

Bangladesh 05A - Health
Bangladesh 05B - Non-health IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

The Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses.

Bangladesh 06 - Budget reallocation
Bangladesh 07 - Central bank financing government IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The Bangladesh Bank has announced that it will buy treasury bonds and bills from banks.

Bangladesh 07A - Direct lending & reserve drawdown
Bangladesh 07B - Secondary purchase: government securities
Bangladesh 08 - International Assistance Received 8,524,732,500 100,350,000
Bangladesh 08A - Swaps
Bangladesh 08B - International loans/grants 8,524,732,500 100,350,000
Bangladesh 08B1 - Asian Development Bank 29,732,500 350,000 ADB

March 25, TA9950-REG: Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases.

Bangladesh 08B2 - Other 8,495,000,000 100,000,000 The World Bank. https://www.worldbank.org/en/news/press-release/2020/04/03/world-bank-fast-tracks-100-million-covid-19-coronavirus-support-for-bangladesh (accessed 16 April 2020).

April 3, The World Bank approved a fast-track USD100 million financing to help Bangladesh prevent, detect, and respond to the COVID-19 pandemic and strengthen its national systems for public health emergencies. The project is financed from the International Development Association (IDA), the World Bank’s fund for the poorest countries, through the World Bank Group’s COVID-19 Fast Track Facility. The credit has a 30-year maturity, including a five-year grace period.