|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Saudi Arabia||02 - Credit creation||19,200,000,000||5,120,000,000|
|Saudi Arabia||02A - Financial sector lending/funding||13,200,000,000||3,520,000,000||KPMG. https://home.kpmg/xx/en/home/insights/2020/04/hungary-government-and-institution-measures-in-response-to-covid.html.||
SAR13.2 billion in loans to SMEs provided through banks.
|Saudi Arabia||02B - Support policies for long-term lending||OECD. https://www.oecd.org/coronavirus/en/||
No amount/estimate: March 16, Reduction of the repo rate by 75bps from 1.75% to 1% and the reverse repo rate by 75bps from 1.25% to 0.5%.
|Saudi Arabia||02C - Loan guarantees||6,000,000,000||1,600,000,000||KPMG. https://home.kpmg/xx/en/home/insights/2020/04/hungary-government-and-institution-measures-in-response-to-covid.html.||
SAR6 billion loan guarantee program.
|Saudi Arabia||03 - Direct long-term lending||30,000,000,000||8,000,000,000|
|Saudi Arabia||03A - Long-term lending|
|Saudi Arabia||03B - Forbearance||30,000,000,000||8,000,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 May 2020)||
(i) March 29, Encouraging banks to restructure loans without any charges; (ii) SAR30 billion for banks and financing companies to delay the payment of the dues of the financial sector (banks and finance companies) from SMEs for a period of six months as of its date; (iii) No amount/estimate: May 14, Banks have been instructed to delay payments of loans extended to all Saudi employees by three months without extra fees, to provide financing needed by customers who lose their jobs and to exempt customers from various banking fees. [update]
|Saudi Arabia||04 - Equity support|
|Saudi Arabia||05 - Government support to income/revenue||57,165,000,000||15,244,000,000|
|Saudi Arabia||05A - Health||47,265,000,000||12,604,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 May 2020).||
(i) Total of SAR47 billion in resource support to the health sector; (ii) April 26, The government signed a SAR265 million contract to import 9 million tests needed for COVID-19 diagnosis.
|Saudi Arabia||05B - Non-health||9,900,000,000||2,640,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 May 2020).||
(i) April 3, SAR9 billion to to cover 60% of the salaries of Saudi staff in companies under stress for the next three months; (ii) SAR0.9 billion in temporary electricity subsidies to commercial, industrial, and agricultural sectors; (iii) No amount/estimate: Expat fees cancelled for three months; (iv) No amount/estimate: Payment deferral for VAT, excise tax, income tax, government service fees and municipal fees; (v) No amount/estimate: Exemptions from various fees for electronic transactions, balances below the minimum, and refinancing operations and termination of existing agreements; (vi) No amount/estimate: May 14, 30% discount on electricity bills while offering the possibility of payment deferral. [update]
|Saudi Arabia||06 - Budget reallocation||50,000,000,000||13,333,333,333||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
SAR50 billion worth of government spending to be reallocated from non-priority areas of the 2020 budget.
|Saudi Arabia||07 - Central bank financing government|
|Saudi Arabia||07A - Direct lending & reserve drawdown|
|Saudi Arabia||07B - Secondary purchase: government securities|
|Saudi Arabia||08 - International Assistance Received|
|Saudi Arabia||08A - Swaps|
|Saudi Arabia||08B - International loans/grants|
|Saudi Arabia||08B1 - Asian Development Bank|
|Saudi Arabia||08B2 - Other|
|Saudi Arabia||09 - International Assistance Provided|
|Saudi Arabia||09A - Swaps|
|Saudi Arabia||09B - International loans/grants|
|Saudi Arabia||10 - No breakdown||70,000,000,000||18,666,666,667||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
(i) March 20, SAR70 billion private sector support package, including the suspension of government tax payments, fees, and other dues to provide liquidity to the private sector and an increase in available financing through the National Development Fund.
|Saudi Arabia||11 - Other Economic Measures||Saudi Arabian government. http://sama.gov.sa/en-US/News/Pages/news-534 (accessed 6 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). http://www.sama.gov.sa/ar-sa/News/Pages/news-571.aspx (accessed 14 May 2020)||
(i) No amount/estimate: April 25, Increase of the monthly ceiling limit for e-wallets up to SAR20,000, with the goal of boosting digital payment transactions; May 11: (ii) Decided to stop the cost of living allowance starting from June 2020 [update]; (iii) Raised the value-added tax rate from 5% to 15% starting July 1. [update]; (iv) May 13, Announced the extension of the program of support for fees of sales points and e-commerce for all stores and private sector establishments for an additional three months ending on September 14, 2020. [update]
|Saudi Arabia||12 - Non-Economic Measures||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
(i) April 6, Nighttime curfew in various cities including Mecca and Madina; (ii) Restrictions on international and domestic travel; (iii) Closing mosques, schools, universities, and shopping malls; (iv) Suspending employee attendance at government and private workplaces; (v) Increasing mass testing; (vi) The Ministry of Hajj called on countries to delay their bookings for the 2020 Hajj season; (vii) April 22, Launch of a repatriation program for expatriates; (viii) April 26, partial lifting of the curfew in all regions, except in Mecca and previously isolated neighborhoods.
|Singapore||01 - Liquidity Support||4,000,000,000||2,823,861,631|
|Singapore||01A - Short-term lending||4,000,000,000||2,823,861,631||MAS. https://www.mas.gov.sg/news/media-releases/2020/mas-and-financial-industry-to-support-individuals-and-smes-affected-by-the-covid-19-pandemic (accessed 18 April 2020).||
(i) No amount/estimate: Monetary Authority of Singapore (MAS) is providing sufficient liquidity to Singapore dollar (SGD) and United States dollar (USD) funding markets in Singapore and supporting their effective functioning. This will enable financial institutions to fund themselves, intermediate credit to individuals and businesses, and provide essential financial services. MAS has been providing ample SGD liquidity to the banking system through its daily money market operations (MMO). (ii) March 27, SGD4 billion bridge loan facility to Singapore Airlines (SIA) from DBS (see Measure 4).
|Singapore||01B - Support policies for short-term lending|
|Singapore||01C - Forex operations||MAS. https://www.mas.gov.sg/news/media-releases/2020/mas-and-financial-industry-to-support-individuals-and-smes-affected-by-the-covid-19-pandemic (accessed 18 April 2020).||
No amount/estimate: MAS has also significantly stepped up its provision of USD liquidity to the banking system, increasing the volume of foreign exchange swaps transacted at its daily MMO as of March 31 by about 25% over the past 2 weeks.