|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Cambodia||01||01 - Liquidity Support||KHR|
|Cambodia||01A||01A - Short-term lending||KHR|
|Cambodia||01B||01B - Support policies for short-term lending||KHR||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).||
No amount/estimate: April, The National Bank of Cambodia (NBC) announced that there will be a lowering of required reserves that banking and financial institutions must maintain at the NBC both for local (riel) and foreign currencies.
|Cambodia||01C||01C - Forex operations||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).||
No amount/estimate: April, Cambodia continues to maintain a managed floating exchange rate.
|Cambodia||02||02 - Credit creation||KHR|
|Cambodia||02A||02A - Financial sector lending/funding||KHR|
|Cambodia||02B||02B - Support policies for long-term lending||KHR||
No amount/estimate: April, The NBC has implemented measures, such as (i) delaying additional increases in the capital conservation buffer, (ii) cutting the interest rate in its Liquidity Providing Collateralized Operations (LPCOs) that decreases banks’ funding costs in domestic currency, (iii) cutting the interest rate on negotiable certificates of deposit (the collateral for LPCOs) to encourage banks to disburse loans.
|Cambodia||02C||02C - Loan guarantees||KHR||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
May 26, The Ministry of Economy and Finance will establish a “credit guarantee fund” of USD200 million. This fund may guarantee loans through banks and financial institutions using the market policy to assuage the pressure of cash flow and working capital of businesses in all sectors.
|Cambodia||03||03 - Direct long-term lending||KHR|
|Cambodia||03A||03A - Long-term lending||KHR||Royal Government of Cambodia (RGC). http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) Adjust the special financing plan of USD50 million through the Agricultural and Rural Development Bank (ARDB) and extend the provision of loans from this plan to the small and medium enterprises (SMEs) cluster; (ii) Adjust a special financing plan of USD100 million between SMEs and financial institutions to extend the coverage of loans to the enterprises in the medical equipment and medicine production sectors (See Measure 10: No breakdown).
|Cambodia||03B||03B - Forbearance||KHR||
No amount/estimate: April, The National Bank of Cambodia (NBC) has also issued guidelines to financial institutions on loan restructuring for borrowers experiencing financial difficulties (but still performing) in priority sectors (tourism, garments, construction, transportation and logistics).
|Cambodia||04||04 - Equity support||KHR|
|Cambodia||05||05 - Health and income support||KHR||851,712,272,727||210,000,000|
|Cambodia||05A||05A - Health support||KHR||243,346,363,636||60,000,000||
April, Additional fiscal resources to the health sector of around USD60 million are expected.
|Cambodia||05B||05B - Income support||KHR||608,365,909,091||150,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020); Australian Embassy in Cambodia. https://cambodia.embassy.gov.au/files/penh/20200624-Media-Release-Australia-and-Germany-support-historic-cash-transfer-English.pdf (accessed 26 June 2020); RGC. https://pressocm.gov.kh/en/archives/66499 (accessed 1 July 2020); RGC. https://bit.ly/3kmSOMU (accessed 04 August 2020).||
(i) No amount/estimate: April, Support to tourism sector including (a) exemption from all monthly taxes for two months (June to July 2020) for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation, and whose business activities are operated in Phnom Penh, Siem Reap, Preah Sihanouk, Kep, Kampot, Bavet city, and Poipet city; (b) non-payment of the National Social Security Fund (NSSF) during the business suspension; (c) exemption from the renewal fees for tourism licenses of all types for 2021 (See Measure 10: No breakdown); (ii) No amount/estimate: April, Exemption of all airlines registered in Cambodia from minimum tax for two more months from June to July 2020 (See Measure 10: No breakdown); (iii) No amount/estimate: May 26, Loosen the application of withholding tax for local and overseas lenders by about 5% to 10%; (iv) May 26, Extend the coverage and amount of the budget for the “cash for work program” in 2020 to USD100 million to absorb the labor force who have lost employment from the factories/enterprises and returned home from the foreign countries, to support the local people’s living standards, and to bring about socioeconomic achievements through the construction of small local physical infrastructures to enhance the agricultural and economic sectors ; (v) No amount/estimate: June 24, The Royal Government introduced the "Cash Transfer Program for Poor and Vulnerable Households during COVID-19" with support from international donors. The monthly spending for this assistance program is approximately KHR100 billion (or about USD25 million) and will run for two months in the first round (June and July); (vi) No amount/estimate: July 31, The Royal Government announced its fifth round of stimulus measures including (a) continued support through subsidies and tax exemptions to the garment-textile, footwear, travel products, bags, and tourism sectors until September 2020; (b) renewal of exemption of the minimum tax until September 2020 to support the aviation sector; and (c) continue to implement Cash Assistance Programmes for the poor and vulnerable families amid COVID-19 pandemic until September 2020.
|Cambodia||06||06 - Budget reallocation||KHR||
No amount/estimate: April, (i) Government spending is to be redirected to (a) combatting the virus; (b) social protection, especially of the poor and unemployed; (c) supporting businesses and jobs; and (d) maintaining security; (ii) Savings on current spending of about USD30 million are also planned; and (iii) Capital spending is to be streamlined by around USD370 million (See Measure 10: No breakdown).
|Cambodia||07||07 - Central bank financing government||KHR|
|Cambodia||07A||07A - Direct lending and reserve drawdown||KHR|
|Cambodia||07B||07B - Secondary purchase: government securities||KHR|
|Cambodia||08||08 - International Assistance Received||KHR||1,468,595,304,544||362,100,000|
|Cambodia||08A||08A - Swaps||KHR|
|Cambodia||08B||08B - International loans/grants||KHR||1,468,595,304,544||362,100,000|
|Cambodia||08B1||08B1 - Asian Development Bank||KHR||1,027,732,809,090||253,400,000||ADB||
(i) February 7, Greater Mekong Subregion Health Security Project (USD0.27 million); (ii) February 7, Strengthening Regional Health Cooperation in the Greater Mekong Subregion-Additional Financing (USD0.34 million); (iii) April 24, Policy Advice for COVID-19 Economic Recovery in Southeast Asia (USD0.75 million); (iv) April, TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD1.78 million); (v) July 10, COVID-19 Active Response and Expenditure Support Program (USD250 million); (vi) July 24, Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3) (USD0.21 million); (vii) August 10, Sustaining the Gains of the Regional Cooperation in the Greater Mekong Subregion (Additional Financing) (USD0.05 million) [update].
|Cambodia||08B2||08B2 - Other||KHR||440,862,495,454||108,700,000||World Bank. https://www.worldbank.org/en/news/press-release/2020/04/02/world-bank-approves-20-million-for-cambodias-covid-19-coronavirus-response (accessed 13 April 2020); USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/may-29-2020-update-united-states-continues-lead-global-response-covid-19 (accessed 5 June 2020); Ministry of Foreign Affairs and International Cooperation (MFIC). https://www.mfaic.gov.kh/site/detail/43233 (accessed 5 June 2020); World Bank. https://www.worldbank.org/en/news/press-release/2020/05/29/world-bank-approves-15-million-for-cambodias-pre-service-education-system-for-health-professionals (accessed 11 June 2020); Delegation of the European Union to Cambodia. https://eeas.europa.eu/delegations/cambodia/80721/teameurope-supports-cambodia-coronavirus-crisis_en (accessed 12 June 2020); MFIC. https://www.mfaic.gov.kh/site/detail/43533 (accessed 19 June 2020).||
(i) World Bank: (a) USD20 million credit for the Cambodia COVID-19 Emergency Response Project, as part of the first tranche of emergency support operations through a dedicated fast-track COVID-19 facility (loan); (b) USD14 million of the H-EQIP project funds was allocated through a Contingency Emergency Response Component (CERC) to purchase ambulances and medical equipment and to quickly develop national laboratory capacity to rapidly respond to the COVID-19 pandemic (loan); (ii) May, USAID provided more than USD11 million in total assistance for the response to COVID-19, which includes (a) USD5 million in ESF for relief and job-skills training for vulnerable people, such as returning migrants, and expanded efforts to counter trafficking and protect children; and (b) more than USD6 million in health assistance to help the Cambodian Government prepare laboratory systems, activate case-finding and event-based surveillance, communicate risk, support technical experts for response and preparedness, and more (grant); (iii) May 29, The World Bank approved a USD15 million credit from the International Development Association (IDA) for the Cambodia Strengthening Pre-Service Education System for Health Professionals Project to strengthen Cambodia’s pre-service education system for health professionals to improve the quality of care for better health outcomes ; (iv) June 5, The Government of Japan will provide a grant aid totaling JPY4.5 billion (approximately USD41.4 million) to implement three development projects in Cambodia, of which (a) JPY348 million (USD3.2 million) will be used for Human Resource Development Scholarship; (b) JPY2.15 billion (USD19.8 million) for the Improvement of Referral Hospitals in Siem Reap province; and (c) JPY2 billion (USD18.4 million) for the Economic and Social Development Programme through providing medical supplies to protect against and respond to the spread of COVID-19 in Cambodia; (v) June, UN COVID-19 Response and Recovery Fund, a UN inter-agency fund mechanism established by the UN Secretary-General to help support low and middle-income program countries to respond to the pandemic and its impacts including an unprecedented socioeconomic shock, has allocated USD1 million to Cambodia (grant); (vi) June 11, Team Europe (EU and its Member States, including Switzerland).announced that it has mobilized EUR443 million (roughly USD483 million and KHR1,990 billion) in grants and loans to support Cambodia’s efforts in dealing with the economic and social fallout of the Coronavirus Disease 2019 (COVID-19) pandemic. This EUR443 million support combining new allocations, funds already programmed and redirected funds, is channelled through the Royal Government institutions and partner organisations, including civil society organisations; (vii) June 12, The Government of Japan extends an emergency assistance of USD6.3 million comprising of medical supplies and technical assistance to the RGC through the United Nations Office for Project Services (UNOPS).
|Cambodia||09||09 - International Assistance Provided||KHR|
|Cambodia||09A||09A - Swaps||KHR|
|Cambodia||09B||09B - International loans/grants||KHR|
|Cambodia||10||10 - No breakdown||KHR||8,111,545,454,540||2,000,000,000||CNBC interview with the National Bank of Cambodia. https://www.msn.com/en-us/video/t/cambodian-lenders-have-ample-liquidity-to-last-until-end-2020-says-central-bank/vp-BB12xZ7R (accessed 14 April 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) April, The government has put together a USD2 billion stimulus package for eventual loss of jobs of the factory workers. This measure is an attempt to revive the economy (See Measures 1, 5, and 6); (ii) May 26, The Ministry of Economy and Finance will prepare additional financing of USD300 million to support and act as a catalyst for promoting growth in key sectors during and after the crisis.
|Cambodia||11||11 - Other Economic Measures||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) April, The government has ordered the suspension of white rice exports, to secure domestic supplies; (ii) May 20, suspension of white rice exports has been lifted; (iii) June, The Royal Government will introduce Phase 1 of the IT business registration platform in early June 2020 to facilitate and promote business registration, especially to make it easy for those companies wishing to be registered to obtain loans from the Royal Government’s special financing program.
|Cambodia||12||12 - Non-Economic Measures||KHR||
April: (i) The government has announced foreigners wishing to travel to Cambodia the need to obtain a visa at a Cambodian diplomatic mission abroad, a health certificate before departure, and sufficient travel insurance; (ii) Quarantine and self-isolation measures; (iii) Schools and casinos are closed and the government has banned public events with more than 50 participants; (iv) The Khmer New Year break has been cancelled; (v) May 20, The authorities have lifted the entry ban on citizens from Iran, Italy, Germany, Spain, France, and the US.
|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|