Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
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
Netherlands 05 05 - Health and income support EUR 63,009,000,000 69,700,221,239
Netherlands 05A 05A - Health support EUR
Netherlands 05B 05B - Income support EUR 63,009,000,000 69,700,221,239 OECD. (accessed 22 May 2020); Bruegel. (accessed 15 April 2020); Rijksoverheid. (accessed 11 May 2020). Rijksoverheid. (accessed 22 May 2020). Global Tax News. (accessed 29 May 2020). Rijksoverheid. (accessed 1 June 2020). Rijksoverheid. (accessed 8 July 2020). Rijksoverheid. (accessed 3 September 2020). Rijksoverheid. (accessed 3 September 2020). Rijksoverheid. (accessed 5 September 2020)

(i) April 1, EUR10 billion for temporary compensation of employers’ wage costs, up to 90% of wage bill, conditional on at least 20% fall in turnover in the months March to May compared to 2019 (NOW scheme). In addition, the government will cover 30% of pension contributions and the employers' premium; (ii) EUR2 billion for compensation of self-employed and independent entrepreneurs without staff; (iii) EUR465 million in emergency support in the form of a lump sum of EUR4,000 for businesses that were forced to close doors due to government regulations (TOGS scheme); (iv) EUR175 million for Childcare Compensation for parents who continue paying for childcare during the lockdown (8 April); (v) EUR36 billion for deferral of tax collection of VAT, income, corporate, wage and turnover taxes from companies. Furthermore, under the measures, default penalties will not need to be paid in cases where extensions are approved, while interest on overdue taxes will be reduced to 0.01% until October 1, 2020; (vi) No amount/estimate: April 1, the government will cover 30% of pension contributions and the employers' premium; (vii) No amount/estimate: March 30, self-employed (without employees) hit by the corona crisis are to receive monthly 1,050 'euros over the next three months, irrespective of their savings. For married couples or couples with children a maximum of EUR 1,500 a month will apply; (viii) April 17, EUR300 million grants for the culture sector, including museums and theatres; (ix) May 1, EUR110 million to support sports clubs; (x) No amount/estimate: May 20, The government will compensate public transport companies for the loss of income and extra costs they face due to the crisis; (xi) May 20, EUR500 million allocated to education spending. EUR200 million will go to students to mitigate the consequences of the coronavirus epidemic, and EUR244 million will go to primary, secondary, and vocational education to make up for educational gaps caused by the coronavirus; (xii) May 20, Short-term measures for the construction sector: (a) EUR50 million in construction projects, (b) Increased subsidies for citizens to make their homes more environmentally sustainable (the “SEEH scheme"), (c) EUR20 million available for municipalities in the form of “flex pools” (civil servants with technical knowledge about planning and licensing), (d) EUR50 million in housing incentives for prospective homeowners belonging to vulnerable groups; (xiii) EUR1.4 billion allocated for tax-free allowances to affected SMEs to pay their fixed material costs; (xiv) EUR77 million to support remote care, aimed at frail elderly people living at home and people with chronic illnesses or disabilities. The intervention takes the form of a subsidy for healthcare providers who want to use digital applications, and applications are limited at EUR50,000 per request; (xv) August 28, EUR11 billion in additional expenditures from extending the following initiatives through to 2021: (a) NOW scheme, an allowance for wage costs; (b) Tozo, income support for the self-employed; (c) TVL, fixed cost allowances for SMEs, and (d) tax deferment measures [update]; (xvi) August 28, EUR777 million to compensate municipalities, provinces, and water boards for lost income [update]; (xvii) September 2, EUR8.5 million as compensation for parents who fall outside the emergency childcare scheme. [update]

Netherlands 06 06 - Budget reallocation EUR
Netherlands 07 07 - Central bank financing government EUR
Netherlands 07A 07A - Direct lending and reserve drawdown EUR
Netherlands 07B 07B - Secondary purchase: government securities EUR
Netherlands 08 08 - International Assistance Received EUR
Netherlands 08A 08A - Swaps EUR
Netherlands 08B 08B - International loans/grants EUR
Netherlands 08B1 08B1 - Asian Development Bank EUR
Netherlands 08B2 08B2 - Other EUR
Netherlands 09 09 - International Assistance Provided EUR 15,235,955 16,853,932
Netherlands 09A 09A - Swaps EUR
Netherlands 09B 09B - International loans/grants EUR 15,235,955 16,853,932 UN. (accessed 22 May 2020)

As of May 20, contributed USD16,853,932 to the UN COVID-19 Response and Recovery Fund.

Netherlands 10 10 - No breakdown EUR 13,000,000,000 14,380,530,973 Rijksoverheid. (accessed 22 May 2020)

May 20, EUR13 billion for a new emergency package, which has five major components: (a) Companies will receive a tax-free allowance from the Ministry of Economic Affairs so that they can pay for their fixed costs, (b) Adjusted labor compensation ("NOW") program that does not reduce compensation for commercial dismissals, (c) Bridging ("TOZO") program that now applies to entrepreneurs and self-employed persons, (d) Prolonged tax relief, and (e) Lending and guarantees ("BMKB", "GO", "KKC", "COL") for entrepreneurs.

Netherlands 11 11 - Other Economic Measures EUR Financien Belgium. (accessed 5 June 2020). Rijksoverheid. (accessed 24 June 2020). Rijksoverheid. (accessed 24 June 2020)

(i) No amount/estimate: June 2, Extended the agreement on tax treatment of cross-border workers until June 30, 2020; (ii) Approved an amendment to the Municipal Debt Assistance Act, allowing municipalities to exchange data from citizens with payment arrears at an early stage with housing corporations, energy, and drinking water companies and health insurers to identify people with debts in time and to offer debt counseling. The amendment will take effect on January 1, 2021; (iii) Imposed new conditions on companies that seek support (including corona-related support) from the Dutch government: (a) the company cannot be located in a country that already has a low tax rate, and (b) the Dutch branches of the company cannot have paid interest or royalties to branches of the group in countries with too low tax rates.

Netherlands 12 12 - Non-Economic Measures EUR IMF. (accessed 28 May 2020). OECD. (accessed 20 July 2020). Rijksoverheid. (accessed 13 August 2020)

(i) The authorities have taken measures to limit the spread of the virus, including ordering closure of schools and many catering businesses, and advising to avoid social contact and work from home to the extent possible; (ii) As the number of new infections and death continue to decline, the Dutch government is laying down a progressive easing of the lockdown measures; (iii) Starting on May 11, and under strict conditions, childcare services and primary schools will be allowed to reopen, as well as some businesses (including for example hairdressers and nail stylists). The authorities have stressed that further relaxation of the containment measures will follow only to the extent that the spread of virus remains contained; (iv) Starting on June 1, secondary schools and more businesses (e.g. restaurants and cafes, cultural institutions) will also reopen; (v) As of June 15, tourists from EU or Schengen countries can enter the Netherlands. However, tourists from Sweden and the United Kingdom should go into quarantine for 14 days. Tourists must reserve their holiday accommodation before they travel to the Netherlands; (vi) Starting July 1, gatherings of more than 100 people in a closed space will be allowed, and no limit on occupancy will be imposed on cinemas, cafés and restaurants. Social distancing requirements will remain in place, however. (vii) The Netherlands will reinstate the entry ban for Morocco from 13 August 2020; (viii) August 6, the Dutch government introduced new nationwide measures to curb the spread, including compulsory testing at Schiphol airport and mandatory temporary closing of entertainment businesses experiencing an outbreak.

Viet Nam 01 01 - Liquidity Support VND
Viet Nam 01A 01A - Short-term lending VND SBV's Directive 02/CT-NHNN dated 31 March 2020 on urgent measures of banking sector for contribution to Cov-19 control efforts and alleviation of difficulties caused by Cov-19 pandemic;

No amount/estimate: The State Bank of Vietnam (SBV) stated that it is ready to provide liquidity support, including through open market operations and refinancing windows, for Credit Institutions (CIs) to implement the government’s programs and help CIs to address nonperforming loans.

Viet Nam 01B 01B - Support policies for short-term lending VND
Viet Nam 01C 01C - Forex operations VND IMF. (accessed 29 April 2020).

No amount/estimate: March 23, With depreciation pressures rising, the SBV announced that it would intervene in the currency market as needed to smooth excessive exchange rate volatility.

Viet Nam 02 02 - Credit creation VND
Viet Nam 02A 02A - Financial sector lending/funding VND
Viet Nam 02B 02B - Support policies for long-term lending VND SBV's decision 418/QD-NHNN, Decision 419/QD-NHNN, Decision 420/QD-NHNN, Decision 421/QD-NHNN; Decision 422/QD-NHNN, and Decision 423/QD-NHNN dated 16 March 2020; SBV's Directive 02/CT-2020 dated 31 March 2020; SBV. (acccessed 17 May 2020).

No amount/estimate: (i) March 16, The SBV cut benchmark policy rates by 50–100 basis points (bps), the short-term deposit rates cap by 25–30 bps, and the short-term lending rates cap for priority sectors by 50 bps; raised its remuneration rates on required VND reserves by 20 bps, and also raised interest rates by the same amount on Vietnam Deposit Insurance, Vietnam Social Policy Bank (VSPB), Vietnam Development Bank, People Credit Funds and microfinance institutions’ deposits at the SBV; (ii) March 31, SBV has instructed CIs to actively reduce bonus and salary, cut other operating costs, timely adjust business plan (including not pay dividend in cash), and use the saved resources to reduce interests; (iv) VSPB also proposed to the authorities to reduce its interest rate charged on loans to the poor household by 15% and to other eligible policy borrowers by 10% starting from April 1 to-end-2020; (v) May 13, Further reduction in key policy rates to 4.5% (from 5%) for the refinancing rate and to 3% (from 3.5%) for the discount rate, and 5.5% (from 6%) for the overnight lending interest rate in inter-bank electronic payment and lending.

Viet Nam 02C 02C - Loan guarantees VND SBV. (accessed 11 June 2020).

May 30, Government guarantees for loans to aviation businesses with outstanding loans as of December 31, 2019.

Viet Nam 03 03 - Direct long-term lending VND 316,000,000,000,000 13,600,172,154
Viet Nam 03A 03A - Long-term lending VND 16,000,000,000,000 688,616,312 Government Resolution 42/NQ-CP dated 9 April 2020 on the assistance to people affected by Cov-19 pandemic; Prime Minister's Decision 15/2020/QD-TTg dated 24 April 2020 on implementation of policies on assistance for people affected by Cov-19 pandemic. SBV. (accessed 11 June 2020).

(i) The SBV is instructed to provide refinancing with 0% interest rate to Viet Nam Bank for Social Policies (VBSP) for providing unsecured loans with 0% interest rate to affected firms for making suspension pay to their workers. The total loan value is estimated at VND16 trillion (0.3% of GDP). (ii) May 30, 2% reduction in interest rates for direct and indirect loans to SMEs from the SME Development Fund.

Viet Nam 03B 03B - Forbearance VND 300,000,000,000,000 12,911,555,842 SBV's Circular 01/2020/TT-NHNN dated 13 March 2020 on debt rescheduling, exempting and reducing interest rates/fees, and retaining restructured debts in the same debt category as before restructuring

The authorities announced a credit package totaling VND300 trillion (about 5% of GDP) from the banking sector for affected firms and households through debt rescheduling, exempting, and reducing interests/fees, retaining restructed debts in the same debt category as before restructuring . This is time-bound from Jan 23 to 3 months after the Prime Minister’s announcement of the ending of COVID-19 epidemic; Banks have been exempting and reducing fees (including interbank transaction fees for small amounts, and credit information subscription fees).

Viet Nam 04 04 - Equity support VND