|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||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||
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||
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||
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||
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.
|Bangladesh||09 - International Assistance Provided|
|Bangladesh||09A - Swaps|
|Bangladesh||09B - International loans/grants|
|Bangladesh||10 - No breakdown||409,934,999,995||4,825,603,296||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 - Other Economic Measures|
|Bangladesh||12 - Non-Economic Measures||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 Aprul 2020).||
Effective 2 March 2020 to 2 April 2020, Temporary export prohibition on surgical masks, face masks, and disinfectants (hand sanitizers).