Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Lao PDR 01 01 - Liquidity Support LAK
Lao PDR 01A 01A - Short-term lending LAK
Lao PDR 01B 01B - Support policies for short-term lending LAK Bank of the Lao P.D.R. (accessed 12 April 2020); International Monetary Fund (IMF). (accessed 12 April 2020).

No amount/estimate: March 20, The Bank of Lao P.D.R. (BOL) announced a reduction in the reserve requirements, from 10% to 8% on foreign exchange, and from 5% to 4% on local currency, effective on April 2.

Lao PDR 01C 01C - Forex operations LAK IMF. (accessed 12 April 2020).

No amount/estimate: April, The Lao People's Democratic Republic (Lao PDR) has a managed exchange rate (crawl-like arrangement). Under this arrangement, the exchange rate has depreciated. No new balance of payment or capital control measures have been adopted.

Lao PDR 02 02 - Credit creation LAK
Lao PDR 02A 02A - Financial sector lending/funding LAK
Lao PDR 02B 02B - Support policies for long-term lending LAK Bank of the Lao P.D.R. (accessed 12 April 2020); IMF. (accessed 12 April 2020); Bank of the Lao P.D.R. (accessed 12 April 2020).

No amount/estimate: (i) March 26, BOL issued a new credit policy for those impacted, asking banks and financial institutions to restructure loans and provide new loans to businesses affected by the outbreak. Under this policy, banks and financial institutions that implement debt restructuring and new loan provisions will benefit from regulatory forbearance on loan classification and provisioning; and (ii) March 30, BOL cut its policy rate from 4% to 3% for 1-week loans; from 5% to 4% for 1–2 week loans; and from 10% to 9% for 2-week to 1-year loans.

Lao PDR 02C 02C - Loan guarantees LAK
Lao PDR 03 03 - Direct long-term lending LAK
Lao PDR 03A 03A - Long-term lending LAK
Lao PDR 03B 03B - Forbearance LAK
Lao PDR 04 04 - Equity support LAK
Lao PDR 05 05 - Health and income support LAK 70,000,000,000 7,869,126
Lao PDR 05A 05A - Health support LAK 30,000,000,000 3,372,483 IMF. (accessed 12 April 2020, 9 July 2020).

May, LAK30 billion has been allocated for prevention and control. As of July 1, an additional budget request of LAK23.98 billion for rapid procurement of protective and medical equipment from State Budget is under process.

Lao PDR 05B 05B - Income support LAK 40,000,000,000 4,496,644 IMF. (accessed 7 May 2020).

No amount/estimate: April, Recent mitigation policies include (i) income tax exemption for both civil servants and employees of the private sector with income less than LAK5 million per month for 3 months, (ii) profit tax exemption for microenterprises with annual income between LAK50–LAK400 million for 3 months, (iii) duty fee exemption for imports of goods to be used toward the outbreak, (iv) deferring tax collection from tourism-related businesses for 3 months, (v) postponing mandatory contribution to social security by affected businesses for 3 months, and (vi) extending the submission of the 2019 financial report (annual tax filing) by 1 month and road tax payment by 3 months; and (vii) May, The government has agreed with an allowance of LAK500,000 per worker who currently participates in the Social Security Scheme. Of the 170,000 members, close to 80,000 will benefit from this scheme through June (Note that the estimated amount is LAK40 billion).

Lao PDR 06 06 - Budget reallocation LAK
Lao PDR 07 07 - Central bank financing government LAK
Lao PDR 07A 07A - Direct lending and reserve drawdown LAK
Lao PDR 07B 07B - Secondary purchase: government securities LAK
Lao PDR 08 08 - International Assistance Received LAK 587,928,881,584 66,092,666
Lao PDR 08A 08A - Swaps LAK
Lao PDR 08B 08B - International loans/grants LAK 587,928,881,584 66,092,666
Lao PDR 08B1 08B1 - Asian Development Bank LAK 203,974,360,952 22,930,000 ADB

(i) January 27, USD0.60 million under the Greater Mekong Subregion Health Security Project. As of June 8, the amount increased to USD0.86 million; (ii) February 7, USD0.34 million under the Strengthening Regional Health Cooperation in the Greater Mekong Subregion-Additional Financing; (iii) April 24, USD0.75 million under the Policy Advice for COVID-19 Economic Recovery in Southeast Asia project; (iv) May 17, USD1.03 million is the estimated support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases. As of July 13, the estimated support amounted to USD0.93 million; (v) May 22, USD20 million under the Greater Mekong Subregion Health Security Project (Additional Financing); (vi) August 10, USD0.05 million under the Sustaining the Gains of the Regional Cooperation in the Greater Mekong Subregion (Additional Financing) Project.

Lao PDR 08B2 08B2 - Other LAK 383,954,520,632 43,162,666 World Bank. (accessed 16 April 2020); United Nations Development Programme (UNDP). (accessed 22 May 2020); US Agency for International Development (USAID). (26 May 2020); US Embassy in Laos. (accessed 22 July 2020). US Embassy in Laos. (accessed 22 July 2020). Vientiane Times. (accessed 9 June 2020). Vientiane Times. (accessed 23 August 2020).

(i) April 7, The World Bank’s Regional Vice-Presidency of the East Asia and Pacific Region approved USD18 million for the Lao PDR to help the country respond to the COVID-19 pandemic. The Lao PDR COVID-19 Response Project supports preparedness and emergency response activities, including infection prevention and control, case detection and contact tracing, case management and risk communication. It also supports the upgrade of surveillance capacity and the skills of health-care workers; (ii) May, USD1 million under the United Nations (UN) COVID-19 Response and Recovery Multi-Partner Trust Fund (COVID-19 MPTF); (iii) May 20, The United States through the US Agency for International Development will provide health assistance amounting to USD4.4 million; (iv) May 22, The United States has committed an additional USD3.17 million in new funding support, provided through the U.S. Centers for Disease Control and Prevention (USCDC), for prevention, preparedness, and response activities in response to COVID-19 in Lao PDR; (v) June 5, The Japanese government has provided grant aid worth over LAK123 billion (JPY1.5 billion) for the purchase of medical equipment to support Lao PDRs’ efforts to cope with a further outbreak of COVID-19. An Exchange of Notes for the grant aid project entitled “Economic and Social Development Progamme” was signed at the Ministry of Foreign Affairs in Vientiane; (vi) August 20, The European Union has provided EUR2.5 million for Lao PDR under the Civil Society Action to Prevent and Mitigate COVID-19 project.

Lao PDR 09 09 - International Assistance Provided LAK
Lao PDR 09A 09A - Swaps LAK
Lao PDR 09B 09B - International loans/grants LAK
Lao PDR 10 10 - No breakdown LAK IMF. (accessed 12 April 2020, 1 May 2020).

No amount/estimate: (i) April, A proposed 13-measure economic stimulus package has been endorsed by the cabinet. Measures include establishing a separate task force to address the economic impact of COVID-19; and (ii) May, A new electricity tariff, to ensure supply of electricity, in effect from May 1, 2020 through December 31, 2025, has been approved. Extra efforts to ensure revenue collections through automated platforms and inspections targeting at stockpiling of essential goods are being considered.

Lao PDR 11 11 - Other Economic Measures LAK IMF. (accessed 12 April 2020, 11 June 2020); 9 July 2020, 3 September 2020).

(i) As of August, Cuts in administrative expenses by at least 30% of the annual budget for ministries and central organizations and 10% for local authorities have been approved and intentions to cut unnecessary spending in proportion to revenue shortfall have been signaled [update]; (ii) The Taskforce Committee has launched a fundraising campaign from the public (as of June 1, about LAK17.5 billion in cash and LAK85.5 billion in kind have been raised.

Lao PDR 12 12 - Non-Economic Measures LAK IMF. (accessed 12 April 2020, 14 May 2020, 26 May 2020). Vientiane Times. (accessed 31 July 2020).

(i) April: (a) Border checkpoints, schools, and entertainment venues remain closed; (b) Price control of essential goods is still in place; and (c) The Taskforce Committee for COVID-19 Epidemic Prevention, Control and Response is monitoring latest developments and coordinates the authorities’ response. A separate Taskforce Committee and its seven working groups are in place to address the economic impact of the crisis; (ii) May 4: (a) A nationwide lockdown has been partially lifted. The new loosened measures allow the reopening of public offices and some private sector businesses and is expected to last until May 17; (b) Restaurants, hotels, resorts, guesthouses, coffee shops, barbershops, beauty salons as well as wholesale and retail outlets can resume their businesses, however, large-scale manufacturing plants and investment projects with large number of employees must abide by strict preventative measures introduced by the National Taskforce; and (c) Travel and public transport within each province are now permitted but inter-provincial travel and public transport including air transport and large gatherings are still suspended and banned; (iii) May 18: (a) The new loosened measures allow public offices and businesses to resume and are expected to last until June 1; (b) Restaurants, food vendors, retail and wholesale outlets, fresh markets, supermarkets, personal care services as well as development projects, companies and factories are also permitted to resume operations, but must abide by strict preventative measures introduced by the National Taskforce; (c) In country travel and public transport are now permitted; (d) Some classes at primary, lower and upper secondary schools can resume on May 18 while all others are slated to open on June 2; (e) All indoor and outdoor sporting activities are now permitted; (f) Border checkpoints, night markets, and entertainment venues remain closed; (g) Price control of essential goods is still in place; (iv) June 10, the government announced that the last patient has fully recovered and discharged from hospital. Consequently: (a) Most businesses can resume activities, but night markets, eatery spots, cinemas, casinos must abide by strict preventative measures and practice social distancing; (b) In-country travel and public transport are fully operational; (c) All schools have resumed but must ensure hygiene and distancing practices; (d) All indoor and outdoor sporting activities are now permitted and audiences are allowed, however, entertainment venues remain closed; (e) With the exception of certain checkpoints allowed by the government, border checkpoints for individuals and transportation of goods, will remain closed as will all international borders. However, foreign businessmen, investors, workers for large investment projects as well as diplomats and foreign experts with proper medical certification and authorization can enter the country but have to be quarantined for 14 days; (f) Large gatherings, including for traditional ceremonies and celebrations are now allowed; and (g) Price control of essential goods is still in place; (v) August 1-31, Shuttle flights will be suspended, and the prevention measures will be continuously imposed: (a) Closure of entertainment venues, karaoke, and gaming shops; (b) Closure of traditional and local border checkpoints, except those permitted by the government for goods transport. International checkpoints remain closed for regular travellers, except essential crossings for Lao and foreign nationals who are permitted by the task force committee. Transportation of goods via the international checkpoints is allowed as normal; (c) Suspending the issuing of tourist or visiting visas for those travelling from or transiting via countries where there is COVID-19 outbreak. Foreign diplomats, the staff of international organizations, experts, investors, business people, technical personnel, and workers deemed essential to take up missions in Laos can enter the country upon approval by the task force committee.

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. (accessed 15 April 2020); Bruegel. (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. (accessed 14 May 2020). Finnvera. (accessed 24 May 2020). NL Government. (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. (accessed 15 April 2020). Ministry of Economic Affairs and Climate. (accessed 29 May 2020). NL Government. (accessed 29 June 2020) European Commission. (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. (accessed 15 April 2020). Rijksoverheid. (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