|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Bangladesh||01||01 - Liquidity Support||BDT||280,000,000,000||3,296,056,504|
|Bangladesh||01A||01A - Short-term lending||BDT||280,000,000,000||3,296,056,504||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020).||
Bangladesh Bank (BB) has created several refinancing schemes, including a BDT50 billion Pre-shipment Refinancing scheme to support exporters, a BDT50 billion Special Incentive Refinancing Scheme for the agriculture sector, a BDT30 billion Refinancing Scheme to support micro-finance, and a BDT150 billion refinance scheme to facilitate the implementation of the government stimulus packages.
|Bangladesh||01B||01B - Support policies for short-term lending||BDT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
No amount/estimate: The CRR was initially reduced from 5% to 4.5% (daily-basis) and from 5.5% to 5% (bi-weekly basis), with a further reduction to 3.5% and 4%, respectively, from April 15.
|Bangladesh||01C||01C - Forex operations||BDT||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||02 - Credit creation||BDT||500,000,000,000||5,885,815,185|
|Bangladesh||02A||02A - Financial sector lending/funding||BDT||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||02B - Support policies for long-term lending||BDT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020).||
No amount/estimate: (i) 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; and (ii) The Bangladesh Bank (BB) has also raised the advance-deposit ratio (ADR) and investment-deposit ratio (IDR) by 2% to facilitate credit to the private sector and improve liquidity in the banking system; (iii) BB took measures to delay non-performing loan classification.
|Bangladesh||02C||02C - Loan guarantees||BDT|
|Bangladesh||03||03 - Direct long-term lending||BDT|
|Bangladesh||03A||03A - Long-term lending||BDT|
|Bangladesh||03B||03B - Forbearance||BDT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 15 May 2020).||
BB took measures to waive credit card fees and interests, suspend loan interest payments.
|Bangladesh||04||04 - Equity support||BDT|
|Bangladesh||05||05 - Health and income support||BDT||37,400,000,000||440,258,976||
(i) No amount/estimate: 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; and (ii) April 15, The Prime Minister announced the allocation of BDT21.3 billion under a housing scheme for the homeless, BDT7.6 for poor people having lost their jobs as a result of the pandemic, BDT7.5 billion to provide health insurance for government employees most at risk, and a BDT1 billion bonus payment for government doctors and health workers treating COVID-19 patients.
|Bangladesh||05A||05A - Health support||BDT|
|Bangladesh||05B||05B - Income support||BDT||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||06 - Budget reallocation||BDT|
|Bangladesh||07||07 - Central bank financing government||BDT||
No amount/estimate: The Bangladesh Bank has announced that it will buy treasury bonds and bills from banks.
|Bangladesh||07A||07A - Direct lending & reserve drawdown||BDT|
|Bangladesh||07B||07B - Secondary purchase: government securities||BDT|
|Bangladesh||08||08 - International Assistance Received||BDT||169,875,364,500||1,999,710,000|
|Bangladesh||08A||08A - Swaps||BDT|
|Bangladesh||08B||08B - International loans/grants||BDT||169,875,364,500||1,999,710,000|
|Bangladesh||08B1||08B1 - Asian Development Bank||BDT||75,776,249,500||892,010,000||
(i) March 31, USD1.33 million under the Skills for Employment Investment Program (Tranche 1); (ii) April 30, USD100 million under the COVID-19 Response Emergency Assistance Project; (iii) April, USD240.01 million as a guarantee under the Trade Finance Program (Additional Financing) with USD56.62 million co-financing; [update] (iv) April, USD46.30 million as a loan under Trade Finance Program (Additional Financing) with USD21.87 million co-financing; [update] (v) USD3 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (vi) April 7, USD0.2 million as a technical assistance under the Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016–2025; (vii) May 7, USD1 million as technical assistance under COVID-19 under Active Response and Expenditure Support Program; (viii) May 7, USD500 million as COVID-19 pandemic response option (CPRO); (vii) May 20, USD0.17 million technical assistance under Support to address Outbreak of Coronavirus Disease 2019 and Strengthen Health Systems Preparedness for Communicable Diseases in South Asia.
|Bangladesh||08B2||08B2 - Other||BDT||94,099,115,000||1,107,700,000||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). USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 29 May 2020). IMF. https://www.imf.org/en/News/Articles/2020/05/29/pr20226-bangladesh-imf-exec-board-approves-us-732m-disbursement-to-address-the-covid19-pandemic (accesed 10 June 2020).||
(i) 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. (ii) May, more than USD25.7 million assistance from USAID includes USD10 million for health and IDA humanitarian assistance to help with case-management, surveillance activities, infection prevention and control, risk communication, and water, sanitation, and hygiene programs, and more than USD15.3 million in MRA humanitarian support for vulnerable people during the pandemic, including refugees and host communities; (iii) May 18, USD250 million co-financing from AIIB for ADB's COVID-19 Active Response and Expenditure Support Program; (iv) May 29, USD732 million approved by IMF Executive Board under the Rapid Credit Facility, USD244 milion, and Rapid Financing Instrument, USD488 million. [update]
|Bangladesh||09||09 - International Assistance Provided||BDT|
|Bangladesh||09A||09A - Swaps||BDT|
|Bangladesh||09B||09B - International loans/grants||BDT|
|Bangladesh||10||10 - No breakdown||BDT||142,535,000,000||1,677,869,335||Asian Development Bank. https://www.adb.org/news/adb-president-bangladesh-finance-minister-discuss-support-covid-19-response (accessed 21 April 2020).||
Stimulus package for widening social safety net coverage, salary support to workers at export-oriented industries, low-interest loans to affected industries and farmers, and increasing monetary supply.
|Bangladesh||11||11 - Other Economic Measures||BDT|
|Bangladesh||12||12 - Non-Economic Measures||BDT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).||
(i) March 23, The government declared a general holiday from March 26 to April 4, which has been extended until May 5: government offices, private offices, and courts will be closed, commercial banks will operate shorter hours; (ii) Individuals have been requested not to leave their homes except to collect daily necessities and emergency supplies, and to wear masks when outside; and (iii) A lockdown has been imposed on 75 hotspots in Dhaka where cases have been identified, and a curfew is in operation from 6pm to 6am.
|Bhutan||01||01 - Liquidity Support||BTN/INR|
|Bhutan||01A||01A - Short-term lending||BTN/INR|
|Bhutan||01B||01B - Support policies for short-term lending||BTN/INR||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
No amount/estimate: April, Provision of working capital at 5% interest for wholesale distributors authorized by the Ministry of Economic Affairs (MoEA) for a period of 3 months, extendable by 3 months to enable them to procure adequate stocks and ensure uninterrupted supply of essential items at reasonable price.
|Bhutan||01C||01C - Forex operations||BTN/INR|
|Bhutan||02||02 - Credit creation||BTN/INR|
|Bhutan||02A||02A - Financial sector lending/funding||BTN/INR|
|Bhutan||02B||02B - Support policies for long-term lending||BTN/INR|
|Bhutan||02C||02C - Loan guarantees||BTN/INR|
|Bhutan||03||03 - Direct long-term lending||BTN/INR|
|Bhutan||03A||03A - Long-term lending||BTN/INR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
No amount/estimate: April, Loans to cottage and small industries through the National Cottage and Small Industries (CSI) Development Bank (microloans at 2% concessional interest for agriculture and rural activities and working capital loans at 4% concessional interest rate for 3 months).
|Bhutan||03B||03B - Forbearance||BTN/INR||Official Statement from the Office of the Prime Minister of Bhutan. https://bit.ly/2yrZXYx (accessed 29 April 2020); Royal Monetary Authority of Bhutan. https://www.rma.org.bt/pressrelease/Press%20Release%20on%20Interest%20Waiver%20on%20NPLs.pdf (accessed 12 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
No amount/estimate: April, Deferment of loans for 3 months (April–June) (i) for all borrowers who had maintained their loan accounts in good standing, i.e., loans that were not non-performing loans (NPL) as of February 29; (ii) May, The RMA announced that the interest waiver facility would also be extended to non-performing loan accounts. The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%.
|Bhutan||04||04 - Equity support||BTN/INR|