|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Armenia||01||01 - Liquidity Support||AMD|
|Armenia||01A||01A - Short-term lending||AMD|
|Armenia||01B||01B - Support policies for short-term lending||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).||
No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency.
|Armenia||01C||01C - Forex operations||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).||
(i) No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency. The CBA has undertaken some foreign exchange sales to limit excessive dram volatility since; (ii) the exchange rate has been allowed to adjust flexibly and has depreciated around 3% against the USD since the end of February. No balance of payment or capital control measures have been adopted.
|Armenia||02||02 - Credit creation||AMD||25,000,000,000||51,123,841|
|Armenia||02A||02A - Financial sector lending/funding||AMD||25,000,000,000||51,123,841||JAM News. https://jam-news.net/armenian-govt-offers-stimulus-package-to-help-mitigate-corona-crisis/(accessed 16 April 2020).||
Allocate a total of AMD25 billion (over USD50 million) to co-finance loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials. This amount includes subsidy for the interests of these of loans.
|Armenia||02B||02B - Support policies for long-term lending||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 2 June 2020).||
(i) No amount/estimate: The Central Bank of Armenia (CBA) reduced the policy rate by another 25 bps to 5% on April 28. The interbank market has been active, and the central bank has easily met liquidity needs so far; (ii) June 17, The CBA further reduced the policy rate by 50 bps to 4.5%.
|Armenia||02C||02C - Loan guarantees||AMD|
|Armenia||03||03 - Direct long-term lending||AMD|
|Armenia||03A||03A - Long-term lending||AMD|
|Armenia||03B||03B - Forbearance||AMD|
|Armenia||04||04 - Equity support||AMD|
|Armenia||05||05 - Government support to income/revenue||AMD||30,000,000,000||61,348,610|
|Armenia||05A||05A - Health||AMD|
|Armenia||05B||05B - Non-health||AMD||30,000,000,000||61,348,610||Asbarez. http://asbarez.com/193112/pashinyan-unveils-economic-aid-package-amid-state-of-emergency/ (accessed 16 April 2020).||
(i) No amount/estimate: Subsidize the interest rates of co-financed loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials; (ii) a package of AMD30 billion (over USD60 million) for urgent social assistance for the impoverished. See Measure 9: No breakdown.
|Armenia||06||06 - Budget reallocation||AMD|
|Armenia||07||07 - Central bank financing government||AMD|
|Armenia||07A||07A - Direct lending & reserve drawdown||AMD|
|Armenia||07B||07B - Secondary purchase: government securities||AMD|
|Armenia||08||08 - International Assistance Received||AMD||157,763,966,264||322,620,000|
|Armenia||08A||08A - Swaps||AMD|
|Armenia||08B||08B - International loans/grants||AMD||157,763,966,264||322,620,000|
|Armenia||08B1||08B1 - Asian Development Bank||AMD||18,054,198,855||36,920,000||ADB Table A1.3: Nonsovereign Operations, Table A1.5: Country Support under TA 9550-REG. (both accessed 7 August 2020).||
(i) March 22, Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD0.5 million); (ii) Nonsovereign Operations: Trade Finance Program (Additional Financing) - guarantee (USD7.71 million OCR, USD12.51 million co-financed); (iii) Nonsovereign Operations: Trade Finance Program (Additional Financing) - loan (USD7.46 million, with USD2.94 million co-financed) [update]; (iv) May 28, USD45 million from the COVID-19 Working Capital Support Project (USD20 million OCR, USD25 million co-financed); (v) July 1, Promoting Digital Finance Solutions for Inclusive Finance among Partner Financial Institutions - USD0.05 million; (vii) July 13, Addressing Health Threats in the Central, West, and East Asia Region - USD0.13 million; (viii) July 24, Due Diligence and Capacity Development of Trade Finance Program Banks - USD0.07 million [update].
|Armenia||08B2||08B2 - Other||AMD||139,709,767,409||285,700,000||WB. https://www.worldbank.org/en/news/press-release/2020/04/03/world-bank-supports-armenia-to-combat-the-human-impact-of-the-covid19-pandemic (accessed 5 May 2020). IMF. https://www.imf.org/en/News/Articles/2020/05/18/pr20219-armenia-imf-execboard-concludes-2ndrev-under-sba-augments-access-address-impact-covid19 (accessed 21 May 2020)||
(i) April 3, The World Bank allocated USD3 million to address the country’s urgent needs for equipment and supplies needed for the intensive care of people with a confirmed COVID-19 diagnosis; (ii) May 18, USD280 million in total aid immediately available after an augmentation of its Stand-By Arrangement with the IMF; (iii) As of May 26, USD2.7 million to prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, bolster risk-communications, and more.
|Armenia||09||09 - International Assistance Provided||AMD|
|Armenia||09A||09A - Swaps||AMD|
|Armenia||09B||09B - International loans/grants||AMD|
|Armenia||10||10 - No breakdown||AMD||245,000,000,000||501,013,646||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020); Asbarez. http://asbarez.com/193112/pashinyan-unveils-economic-aid-package-amid-state-of-emergency/ (accessed 16 April 2020)||
Government assistance package with a headline amount of at least AMD300 billion (over USD300 million) to mitigate the socio-economic issues related to the pandemic, although this includes a variety of direct spending, state-sponsored loans and increased investment. The key measures include (i) direct labor subsidies to micro enterprises and SMEs that retain their employees and maintain their wage; (ii) strategic support to innovative companies, although the details of this last element are not yet final.
|Armenia||11||11 - Other Economic Measures||AMD||KPMG. https://home.kpmg/xx/en/home/insights/2020/04/armenia-government-and-institution-measures-in-response-to-covid.html (accessed 14 May 2020)||
May 14, Temporary restrictions on the export of medical masks, gloves and goggles, biohazard suits, medical robes, antiviral medicines, gauze and other medical products.
|Armenia||12||12 - Non-Economic Measures||AMD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020). The Guardian. https://www.theguardian.pe.ca/news/world/armenia-extends-coronavirus-state-of-emergency-until-august-12-472606/ (accessed 17 July 2020)||
No amount/estimate: The government declared a national state of emergency on March 16, and imposed strict containment measures, including school closures, travel bans on foreign citizens from high risk countries, and imposed fines to those who violate isolation orders during the state of emergency. The state of emergency will be in place until June 14 (now extended until August 12) and encompass movement restrictions. [update] Effective May 4, the movement restrictions are removed and almost all business activities are allowed to operate. This decision is considered a test and stricter restrictions may be implemented again depending on the spread of the virus. Effective June 4, the government declared wearing a face mask in all open public spaces mandatory.