Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Ireland 01 01 - Liquidity Support EUR
Ireland 01A 01A - Short-term lending EUR
Ireland 01B 01B - Support policies for short-term lending EUR
Ireland 01C 01C - Forex operations EUR
Ireland 02 02 - Credit creation EUR 2,000,000,000 2,212,389,381
Ireland 02A 02A - Financial sector lending/funding EUR
Ireland 02B 02B - Support policies for long-term lending EUR OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

No amount/estimate: the Central Bank has cut the Counter Cyclical Capital Buffer from 1% to 0%. This decision will free up bank capital that can be used to provide credit, and to restructure and extend the loans of bank customers, both individuals and SMEs.

Ireland 02C 02C - Loan guarantees EUR 2,000,000,000 2,212,389,381 DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/21072020.html (accessed 23 July 2020).

EUR2 billion COVID-19 Credit Guarantee Scheme (CGS) to support lending to SMEs for terms ranging from 3 months to 6 years, which will be below market interest rates. July 21, the Government introduced the Credit Guarantee (Amendment) Bill to the Dáil at second stage, an important step in bringing into effect the €2 billion COVID-19 CGS. This will ensure the availability of loans of up to six years at a discounted rate with the State acting as guarantor for 80% of each individual loan .

Ireland 03 03 - Direct long-term lending EUR 1,557,600,000 1,723,008,850
Ireland 03A 03A - Long-term lending EUR 1,557,600,000 1,723,008,850 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); SBCI. https://sbci.gov.ie/schemes/covid-19-loan-application (accessed 18 April 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/April/08042020.html (acccessed 2 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/30072020.html (accessed 1 August 2020).

(i) March 9, EUR200 million for the Rescue and Restructuring Scheme available through Enterprise Ireland for vulnerable but viable firms. The scheme would offer loans repayable over a period of 18 months; April 8, (ii) EUR650 million for the SBCI's working capital and longer-term loan schemes; (iii) EUR180 million Sustaining Enterprise Fund for firms in the manufacturing and international services sectors; (iv) EUR7.6 million funding support for online trading; (v) EUR20 million for Microfinance Ireland loans with interest rates dropped from 7.8% to 4.5%; (vi) EUR500 million expansion to the Future Growth Loan Scheme, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the European Investment Bank Group.

Ireland 03B 03B - Forbearance EUR
Ireland 04 04 - Equity support EUR 2,012,000,000 2,225,663,717 DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/07072020.html (accessed 26 July 2020); Government of Ireland. file:///C:/Users/m29/Downloads/81556_d4fa4cc4-7e9f-4431-8540-a9ecb7126505.pdf (accessed 26 July 2020).

(i) EUR2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment Fund (ISIF), which will make capital available to medium and large enterprises on commercial terms; (ii) July 7, Enterprise Ireland EUR2 million Competitive Start Fund will open to applications for two competitionswhich will approve up to forty investments – the ‘All Sectors’ competition and a ‘Women Entrepreneurs’ Competition. Each of the two EUR1,000,000 funds being launched will provide up to EUR50,000 in equity funding to successful projects ; (iii) EUR10 million in funding for the Seed and Venture Capital sector through Enterprise Ireland as a top-up to existing funds and leveraging a combined additional pool of investment of EUR55 million, as part of commitment to innovation driven enterprises.

Ireland 05 05 - Health and income support EUR 16,048,238,000 17,752,475,664
Ireland 05A 05A - Health support EUR 1,205,000,000 1,332,964,602 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); DBE. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/June/04062020b.html (accessed 29 June 2020).

(i) Extra funding of EUR1 billion (0.5% of GNI) to the Health Service Executive for improving capacity in the health service; (ii) EUR5 million allocate for 26 COVID-19 research projects; (iii) June 4th, EUR200 million for the COVID Products Scheme, a grant aid for companies developing or producing medicinal products used in the fight against COVID-19

Ireland 05B 05B - Income support EUR 14,843,238,000 16,419,511,062 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/15052020b.html (accessed 1 June 2020); IE. https://www.gov.ie/en/publication/f7f70-30m-funding-under-the-rural-development-investment-programme/ (accessed 12 June 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/June/04062020.html (accessed 12 June 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/02072020.htm (accessed 5 july 2020); IE. https://www.gov.ie/en/press-release/84ae3-minister-harris-announces-168-million-package-for-third-level-institutions-and-students/ (accessed 23 July 2020); Government of Ireland. file:///C:/Users/m29/Downloads/81556_d4fa4cc4-7e9f-4431-8540-a9ecb7126505.pdf (accessed 26 July 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/August/10082020.html (accessed 13 August 2020); IE. https://www.gov.ie/en/press-release/8160d-minister-ogorman-announces-618000-in-dormant-account-funding-for-family-resource-centres-and-wider-voluntary-partners/ (accessed 13 August 2020); IE. https://www.gov.ie/en/press-release/68d73-minister-ogorman-announces-capital-grant-funding-of-23m-for-youth-projectsservices-and-youth-organisations-throughout-the-country/ (accessed 13 August 2020); IE. https://www.gov.ie/en/press-release/18b0c-minister-for-rural-and-community-development-announces-almost-28m-funding-for-libraries-to-adapt-to-covid-19/ (accessed 13 August 2020); IE. https://www.gov.ie/en/press-release/715f5-government-approves-over-375-million-support-package-and-publishes-roadmap-to-enable-safe-return-of-schools/ (accessed 13 August 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/August/14082020.html (accessed 19 August 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/August/12082020.html (accessed 19 August 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/August/20082020.html (accessed 5 September 2020).

(i) March 9, The government has so far announced a stimulus package of EUR6.3 billion (3.2% of GDP) in response to the COVID-19 pandemic. It includes EUR2.4 billion for illness benefit payments announced on 9 March, as well as a further EUR3.7 billion announced on 24 March to cover the cost of a new Wage Subsidy Scheme. The government has also announced direct financial support for businesses; (ii) June 23, Changes to the Temporary Wage Subsidy Scheme to accommodate apprentices on off-the-job training; (iii) No amount/estimate: Local Enterprise Offices in every county will be providing vouchers from EUR2,500 up to EUR10,000; a Finance in Focus grant of EUR7,200 will be available to Enterprise Ireland and Údarás na Gaeltachta clients; the government agreed with local authorities that they should defer business rates payments due from the most immediately affected businesses until the end of May; variety of taxation measures to alleviate short-term difficulties. For example, interest on late payments and all debt enforcement activity have been suspended and current tax clearance status will remain in place for all businesses; moratoriums on evictions and rent increases for duration of Covid emergency. The Commission for Regulation of Utilities has issued a moratorium on disconnections of domestic customers for non-payment to the gas and electricity suppliers; (iv) May 2, EUR250 million "Restart Grant" for micro and small businesses based on a rates/waiver rebate from 2019. 15 May, Approved details of the "Restart Grant" for small businesses (for costs associated with reopening and reemploying workers). Grants will be available to businesses with turnover of less than EUR 5 million and employing 50 people or less, with at least 25% reduction in turnover by June 30, 2020. The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of EUR 2,000 and maximum of EUR 10,000. Applications open on Friday, May 22, 2020 ; (v) EUR2 billion (estimate) for a three month commercial rates waiver for impacted businesses and the ‘warehousing’ of tax liabilities for a period of twelve months after recommencement of trading during which time there will be no debt enforcement action taken by Revenue and no interest charge accruing in respect of the warehoused debt; (vi) June 9, EUR30 million for the Rural Development Investment Programme under Project Ireland 2040 to support the social and economic recovery of rural communities over the coming months; (vii) EUR6 million Enterprise Ireland funding for access to cutting edge R&D equipment in Technology Gateways and Centres to increase R&D collaboration and competitiveness for companies; (viii) July 2, EUR6.5 million funding to digitalize sales for retailers; (ix) July 22, Minister for Further and Higher Education, Research, Innovation and Science announced a EUR168 million package of support to costs incurred by third level institutions during the Covid-19 pandemic and enable further and higher education students to return to college this September; (x) July 23, EUR5.4 billion Jobs Stimulus to help businesses re-open, get people back to work and promote confidence; (xi) August 10, Minister for Enterprise, Trade and Employment announced key changes to the "Restart Grant" scheme including EUR300 million additional funding in addition to EUR250 million previously committed. See other details in this link: https://bit.ly/30Rf5e1 ; (xii) August 7, Minister for Children, Disability, Equality and Integration, announced funding of over EUR618,000 which is being allocated by Tusla to Family Resource Centres (FRCs) across the country ; (xiii) August 6, The Minister for Children, Disability, Equality and Integration announced over EUR2.32 million in capital grant funding for 147 targeted staff-led youth projects/services and 25 national youth organisations across the country; (xiv) EUR2.8 million package to assist libraries to adapt to Covid-19 has been announced by the Minister for Rural and Community Development ; (xv) Government approves over EUR375 million support package and publishes Roadmap to enable safe return of schools. See details in this link: https://bit.ly/3iE7oO6 ; (xvi) August 14, Announced a package of measures for businesses in Kildare, Laois and Offaly, which have been adversely impacted by renewed Covid 19 restrictions. Eligible businesses will now be entitled to a 20% top-up, bringing the new minimum for affected counties to EUR4,800 and the new maximum to EUR30,000. Those that applied and received a grant previously, can re-apply and receive a second grant, with 20% additional on the new rate. EUR1 million is being ring-fenced for the Local Enterprise Offices (LEOs) in the three counties to increase engagement with local businesses to ensure they are aware of the loans, grants and vouchers they are entitled to. Applications from affected counties will be prioritised for all existing schemes, including the Sustaining Enterprise Fund. Fáilte Ireland is being allocated EUR1 million to undertake a promotional campaign focused on increasing the appeal of these counties to visitors and drive bookings ; (xvii) August 12, Enterprise, Trade and Employment, launched a new EUR12 million Enterprise Centre Fund (which is part of the July Stimulus package) to help enterprise centres impacted by the Covid-19 pandemic. The Fund is open to both not-for-profit and for-profit enterprise centres which have seen their income significantly impacted as a result of the Covid-19 pandemic. Grant funding of between €10,000 and €150,000 is available. The grants will help them implement a recovery plan to reboot their centres over the next six to twelve months; (xviii) August 20, Minister of State for Business, Employment and Retail, launched a new EUR5.5 million Covid-19 Online Retail Scheme as announced in the Government’s July Jobs Stimulus package [update].

Ireland 06 06 - Budget reallocation EUR
Ireland 07 07 - Central bank financing government EUR
Ireland 07A 07A - Direct lending and reserve drawdown EUR
Ireland 07B 07B - Secondary purchase: government securities EUR
Ireland 08 08 - International Assistance Received EUR 3,704,000,000 4,097,345,133
Ireland 08A 08A - Swaps EUR
Ireland 08B 08B - International loans/grants EUR 3,704,000,000 4,097,345,133 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 1 May 2020).

GBP3.2 billion (about EUR3.704) of UK's bilateral loan to Ireland as part of an international assistance package.

Ireland 08B1 08B1 - Asian Development Bank EUR
Ireland 08B2 08B2 - Other EUR
Ireland 09 09 - International Assistance Provided EUR
Ireland 09A 09A - Swaps EUR
Ireland 09B 09B - International loans/grants EUR
Ireland 10 10 - No breakdown EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020).

No amount/estimate: A three month commercial rates waiver for impacted businesses.

Ireland 11 11 - Other Economic Measures EUR 1,000,000 1,106,195 IE. https://www.gov.ie/en/press-release/e0aa1-minister-for-public-expenditure-and-reform-michael-mcgrath-td-announces-projects-to-be-funded-under-1-million-public-service-innovation-fund/ (accessed 13 August 2020).

July 28, The Minister for Public Expenditure and Reform, announced the 34 diverse projects that have successfully secured funding from this year’s call under the Public Service Innovation Fund (EUR1 million), an initiative of the Our Public Service 2020 reform strategy for development and innovation in the Public Service .

Ireland 12 12 - Non-Economic Measures EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020).

The government has implemented a wide range of health and containment measures. On March 27, the government has issued strict restrictions on business activity, social distancing and travel - everyone is to stay at home wherever possible with only few exceptions i) to travel to or from work for those providing an essential service; ii) shop for food and medicines; iii) to carry out vital services like caring; iv) brief individual exercise within 2km; v) farming. These measures were extended until May 5th, additionally the government has announced that events with over 5,000 people will not be permitted until the end of August. The authorities announced a gradual reopening plan starting on May 18th. The “stay-at-home” order is eased in five phases three weeks apart: phase 1)has started last Monday includes return of outdoor workers and small groups of family and friends are permitted to meet in the open; in phase 2) small retail outlets and marts where social distancing is possible can reopen; 3) cafes and restaurants may reopen; (4) return to work for those who cannot work from home; phase 5) envisages return to work across all sectors. Schools and colleges will re-open at the beginning of the next academic year in September and October. These phases may have to be reversed back if the rate of the infection increases significantly as the lockdown is eased. Similarly, the government may speed up the plan if Covid cases continue to fall.

Ireland 01 01 - Liquidity Support EUR
Ireland 01A 01A - Short-term lending EUR
Ireland 01B 01B - Support policies for short-term lending EUR
Ireland 01C 01C - Forex operations EUR
Ireland 02 02 - Credit creation EUR 2,000,000,000 2,212,389,381
Ireland 02A 02A - Financial sector lending/funding EUR
Ireland 02B 02B - Support policies for long-term lending EUR OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

No amount/estimate: the Central Bank has cut the Counter Cyclical Capital Buffer from 1% to 0%. This decision will free up bank capital that can be used to provide credit, and to restructure and extend the loans of bank customers, both individuals and SMEs.

Ireland 02C 02C - Loan guarantees EUR 2,000,000,000 2,212,389,381 DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020).

EUR2 billion COVID-19 Credit Guarantee Scheme to support lending to SMEs for terms ranging from 3 months to 6 years, which will be below market interest rates.

Ireland 03 03 - Direct long-term lending EUR 1,057,600,000 1,169,911,504
Ireland 03A 03A - Long-term lending EUR 1,057,600,000 1,169,911,504 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); SBCI. https://sbci.gov.ie/schemes/covid-19-loan-application (accessed 18 April 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/April/08042020.html (acccessed 2 May 2020).

(i) March 9, EUR200 million for the Rescue and Restructuring Scheme available through Enterprise Ireland for vulnerable but viable firms. The scheme would offer loans repayable over a period of 18 months; April 8, (ii) EUR650 million for the SBCI's working capital and longer-term loan schemes; (iii) EUR180 million Sustaining Enterprise Fund for firms in the manufacturing and international services sectors; (iv) EUR7.6 million funding support for online trading; (v) EUR20 million for Microfinance Ireland loans with interest rates dropped from 7.8% to 4.5%.

Ireland 03B 03B - Forbearance EUR
Ireland 04 04 - Equity support EUR 2,000,000,000 2,212,389,381 DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/May/02052020.html (accessed 9 May 2020).

EUR2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment Fund (ISIF), which will make capital available to medium and large enterprises on commercial terms.