Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Bangladesh 01 01 - Liquidity Support BDT 380,000,000,000 4,473,219,541
Bangladesh 01A 01A - Short-term lending BDT 380,000,000,000 4,473,219,541 Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/acd/apr132020acd01.pdf (accessed June 29). Banglashesh Bank. https://www.bb.org.bd/ (accessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020).

(i) Bangladesh Bank (BB) has created several refinancing schemes, including a BDT50 billion Pre-shipment Refinancing scheme to support exporters, a BDT50 billion Special Incentive Refinancing Scheme for the agriculture sector, a BDT30 billion Refinancing Scheme to support micro-finance, and a BDT250 billion refinance scheme to facilitate the implementation of the government stimulus packages.; (ii) No amount/estimate: Banks and financial institutions can borrow 360 days against additional treasury bills and bonds of statutory deposit rate (SLR) with Bangladesh Bank. The remaining amount of the face value will be paid as repo by applying margin of 15% and 5% face value of treasury bills and bonds respectively.

Bangladesh 01B 01B - Support policies for short-term lending BDT Banglashesh Bank. https://www.bb.org.bd/ (accessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/bangladesh/bb-slashes-crr-to-20pc-for-obo-1592536938 (accessed 26 June 2020).

(i) No amount/estimate: The CRR was initially reduced from 5% to 4.5% (daily-basis) and from 5.5% to 5% (bi-weekly basis), with a further reduction to 3.5% and 4%, respectively, from April 15; For non-bank financial institutions, CRR has been reduced to 1.5% (bi-weekly basis) and 1% (daily basis) effective from June 1, 2020. (ii) No amount/estimate: June 19, central bank lowered cash reserve ratio by 200 bp to 2.0% for offshore banking operation.

Bangladesh 01C 01C - Forex operations BDT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020).

No amount/estimate: Foreign exchange rules were eased by Bangladesh Bank to provide foreign currency to the Bangladeshi nationals who are visiting abroad and facing problem in returning home due to travel disruptions. It also resumed sales of the US dollar to offset extra pressure on the market caused by lower remittance inflows following the COVID-19 outbreak.

Bangladesh 02 02 - Credit creation BDT 370,000,000,000 4,355,503,237
Bangladesh 02A 02A - Financial sector lending/funding BDT 350,000,000,000 4,120,070,630 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Bangladesh Bank. BRPD Circular Letter No-53 (29 October 2020).

(i) The Ministry of Finance will subsidize interest payments on up to BDT500 billion in working capital loans by scheduled banks to businesses. Half of this amount (BDT 250 billion) will be refinanced by Bangladesh Bank and is included in Item 1 above. Remaining BDT250 billion will be financed by commercial banks from their own funds. (ii) October 29, increased to BDT400 billion from BDT300 billion, working capital facilities to affected industries and service sector. This is part of the BDT500 billion amount in measure i. [update]

Bangladesh 02B 02B - Support policies for long-term lending BDT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020). Bdnews24. https://bdnews24.com/economy/2020/06/15/bangladesh-gives-bank-loan-defaulters-until-september-to-repay-instalments (accessed 26 June 2020). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/dos/may112020dos03.pdf (accessed 29 June 2020). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/mar232020fepd15e.pdf (accessed 29 June 2020). Banglasdesh Bank. https://www.bb.org.bd/monetaryactivity/mps/mps.php (accessed 31 July 2020). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/sep242020brpdl47.pdf (accessed 25 September 2020).

No amount/estimate: (i) The repo rate has been lowered from 6 percent to 5.75% (effective March 24th) and will be further reduced to 5.25% effective April 12th; and (ii) The Bangladesh Bank (BB) has also raised the advance-deposit ratio (ADR) and investment-deposit ratio (IDR) by 2% to facilitate credit to the private sector and improve liquidity in the banking system; (iii) BB took measures to delay non-performing loan classification; (iv) Banks with capital adequacy ratio (CAR) (in relation to their risk-weighted assets (RWA)) of 12.50% or above will be permitted to declare up to 30% dividend (of which cash dividend may be up to 15%); banks with CAR between 11.25% and 12.50% may declare dividend up to 15% (of which maximum cash dividend may be 7.5%); banks with CAR below 11.25% may declare dividend up to 10% (of which maximum cash dividend may be 5%). Cash dividend can be distributed before September 30 in favor of individual (local and foreign) investors; (v) June 15, loan defaulters given until September to repay loans before they are considered default; (vi) Banks may, without repayment guarantee, advance credit up to USD 500k for import of coronavirus related life-saving drugs, medical kits/equipment and other essential medical items; (vii) No amount/estimate: July 29, Bangladesh Bank in its monetary policy statement announced: (a) Overnight repo rate from 5.25% to 4.75%, (b) reverse repo rate from 4.75% to 4.00%, (c) Bank Rate which remained unchanged for the last 17 years (since 2003) to be reduced from 5.00% to 4.00%; (ix) September 24, Bangladesh bank fixed the highest interest rate on credit card loans to 20%.

Bangladesh 02C 02C - Loan guarantees BDT 20,000,000,000 235,432,607 Bangladesh Bank. 2020. SME and Special Programme Department Circular No. 3. (27 July 2020).

July 27, BDT20 billion credit guarantee scheme for cottage, micro and small industries. [update]

Bangladesh 03 03 - Direct long-term lending BDT 50,000,000,000 588,581,519
Bangladesh 03A 03A - Long-term lending BDT 50,000,000,000 588,581,519 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6).

BDT50 billion for Special Fund for Salary support to export oriented manufacturing industry workers.

Bangladesh 03B 03B - Forbearance BDT Banglashesh Bank. https://www.bb.org.bd/ (accessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 15 May 2020).

BB took measures to waive credit card fees and interests, suspend loan interest payments.

Bangladesh 04 04 - Equity support BDT
Bangladesh 05 05 - Health and income support BDT 346,065,000,000 4,073,749,264 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).
Bangladesh 05A 05A - Health support BDT 8,500,000,000 100,058,858 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Beximco Pharma. https://beximcopharma.com/beximco-news/latest-news/item/659-beximco-pharma-signs-mou-with-the-serum-institute-of-india-and-the-government-of-bangladesh-for-supply-of-a-covid-19-vaccine.html (accessed 06 Nov 2020).

(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death; (iii) No amount/estimate: November 5, signs MOU with Beximco Pharma for the supply and distribution of 30 million doses of AstraZeneca vaccine.

Bangladesh 05B 05B - Income support BDT 337,565,000,000 3,973,690,406 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (accessed 29 June 2020).

(i) BTD20 billion, the Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses; (ii) BDT12.58 billion Cash Transfer to targeted poor people; (iii)BDT8.15 billion expansion of cash allowance programs; (iv) BDT25.03 billion free food distribution; (v) BDT2.51 billion OMS of rice at 10 taka/kg; (vi) BDT21.3 billion construction of home for homeless people; (vii) BDT8.6 billion additional procurement of paddy/rice (2.0 lac ton), (viii) BDT2.0 billion Support for farm mechanization; (ix) BDT95 billion subsidy for agriculture; (x) BDT20 billion employment creation through four State owned entities; (xi) Export Development Fund has been increased by USD1.5 billion; (xii) BDT20 billion subsidy for commercial bank's suspended interest of April-May, 2020; (xiii) No amount/estimate: Expatriate Bangladeshis can get 2% incentives without showing any paper on remittance upto $5,000 (earlier $1,500) and for more than $5,000

Bangladesh 06 06 - Budget reallocation BDT
Bangladesh 07 07 - Central bank financing government BDT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The Bangladesh Bank has announced that it will buy treasury bonds and bills from banks.

Bangladesh 07A 07A - Direct lending & reserve drawdown BDT
Bangladesh 07B 07B - Secondary purchase: government securities BDT
Bangladesh 08 08 - International Assistance Received BDT 349,688,698,721 4,116,406,106
Bangladesh 08A 08A - Swaps BDT
Bangladesh 08B 08B - International loans/grants BDT 349,688,698,721 4,116,406,106
Bangladesh 08B1 08B1 - Asian Development Bank BDT 102,435,258,500 1,205,830,000 ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 13 November 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 4 August 2020); ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 1 August 2020).

(i) March 31, USD1.33 million under the Skills for Employment Investment Program (Tranche 1); (ii) April 30, USD100 million under the COVID-19 Response Emergency Assistance Project; (iii) April, USD358.15 million as a guarantee under the Trade Finance Program (Additional Financing) with USD298.65 million co-financing; (iv) April, USD92.72 million as a loan under Trade Finance Program (Additional Financing) with USD35.23 million co-financing; (v) USD3 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (vi) April 7, USD0.2 million as a technical assistance under the Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016–2025; (vii) May 7, USD1 million as technical assistance under COVID-19 under Active Response and Expenditure Support Program; (viii) May 7, USD500 million as COVID-19 pandemic response option (CPRO); (vii) May 20, USD0.16 million technical assistance under Support to address Outbreak of Coronavirus Disease 2019 and Strengthen Health Systems Preparedness for Communicable Diseases in South Asia.; (viii) June 30, USD0.10 million techinal assistance under Quality Jobs and the Future of Work; (ix) July 15, USD10 million, Emergency Working Capital Support to Dairy Value Chain Project; (x) July 24, USD0.21 million technical assistance under Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3); (xi) August 5, USD3 million COVID-19 Emergency Response; (xii) October 10, USD0.26 million technical assistance under Capacity Development for the Supply Chain Finance (Phase 2) (Subproject 3); (xiii) November 4, USD135.61 million for Khulna Sewerage System Development Project; (xiv) Nov 5, USD0.09 million technical assistance under "Creating Investable CIties in Post-COVID-19 Asia-Pacific".

Bangladesh 08B2 08B2 - Other BDT 247,253,440,221 2,910,576,106 The World Bank. https://www.worldbank.org/en/news/press-release/2020/04/03/world-bank-fast-tracks-100-million-covid-19-coronavirus-support-for-bangladesh (accessed 16 April 2020). USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 29 May 2020). IMF. https://www.imf.org/en/News/Articles/2020/05/29/pr20226-bangladesh-imf-exec-board-approves-us-732m-disbursement-to-address-the-covid19-pandemic (accesed 10 June 2020). AIIB. https://www.aiib.org/en/news-events/news/2020/AIIB-Approves-USD100-Million-Loan-to-Bangladesh-for-COVID-19-Response.html (accessed 04 Sept 2020). United News Bangladesh. http://unb.com.bd/category/Bangladesh/s-korea-giving-50m-soft-loan-to-support-bangladeshs-covid-responses/59702 (accessed 30 October 2020). DFAT. https://www.dfat.gov.au/sites/default/files/covid-response-plan-bangladesh.pdf accessed 30 October 2020). KfW Development Bank. https://www.kfw.de/KfW-Group/Newsroom/Latest-News/Pressemitteilungen-Details_616896.html (accessed 27 November 2020).

(i) April 3, The World Bank approved a fast-track USD100 million financing to help Bangladesh prevent, detect, and respond to the COVID-19 pandemic and strengthen its national systems for public health emergencies. The project is financed from the International Development Association (IDA), the World Bank’s fund for the poorest countries, through the World Bank Group’s COVID-19 Fast Track Facility. The credit has a 30-year maturity, including a five-year grace period. (ii) May, more than USD25.7 million assistance from USAID includes USD10 million for health and IDA humanitarian assistance to help with case-management, surveillance activities, infection prevention and control, risk communication, and water, sanitation, and hygiene programs, and more than USD15.3 million in MRA humanitarian support for vulnerable people during the pandemic, including refugees and host communities; (iii) May 18, USD250 million co-financing from AIIB for ADB's COVID-19 Active Response and Expenditure Support Program; (iv) May 29, USD732 million approved by IMF Executive Board under the Rapid Credit Facility, USD244 milion, and Rapid Financing Instrument, USD488 million; (v) June 19, USD1.05 billion provided by WB to create quality jobs and respond to covid-19 pandemic; (vi) USD500 million provided by WB to help improve road and digital connectivity and logistics in Western Region; (vii) Aug 28, AIIB approved USD100 million to Bangladesh for COVID-19 Response; (viii) No amount/estimate: October 27, Australia announced its COVID-19 development response plan for Bangladesh for 2020- 2021 which focuses on health security, stability, and economic recovery. (ix) October 29, South Korea to provide USD50 million soft loan to support the country’s efforts for fighting against the COVID-19 pandemic; (x) November 11, EUR93 million EU programme to mitigate the drastic economic effects of the COVID-19 pandemic on employees in the textile sector, an important industry in the country. [update]

Bangladesh 09 09 - International Assistance Provided BDT
Bangladesh 09A 09A - Swaps BDT
Bangladesh 09B 09B - International loans/grants BDT
Bangladesh 10 10 - No breakdown BDT Asian Development Bank. https://www.adb.org/news/adb-president-bangladesh-finance-minister-discuss-support-covid-19-response (accessed 21 April 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).
Bangladesh 11 11 - Other Economic Measures BDT Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/jun102020brpd12.pdf (accessed 29 June 2020).

BB instructed banks to waive customers interest for the period from 1 April to 31 May based unclassified loan outstanding balance as at 30 March 2020. According to the instruction, loan balance upto BDT 0.1m, waiver the whole amount of interest; loan balance more than BDT 0.1m to BDT 1m interest, interest waiver @2% annually; loan balance more than BDT 1m; interest waiver @1%. Customer wise maximum amount of waiver is BDT 1.2m.

Bangladesh 12 12 - Non-Economic Measures BDT Ministry of Public Administration. https://mopa.gov.bd/sites/default/files/files/mopa.gov.bd/notices/8b82fa43_9c1a_4269_bc9f_dcf378e47fdf/admin1-2020-347-r1.PDF (accsessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020). News on Air. http://www.newsonair.com/News?title=Bangladesh-extends-closure-of-educational-institutions-till-Nov.-14&id=403295 (accessed 30 October 2020). Aljazeera. https://www.aljazeera.com/news/2020/11/13/bangladesh-extends-school-shutdown-over-second-covid-19-wave (accessed 13 November 2020).

(i) March 23, The government declared a general holiday from March 26 to April 4, which has been extended until May 5: government offices, private offices, and courts will be closed, commercial banks will operate shorter hours; (ii) Individuals have been requested not to leave their homes except to collect daily necessities and emergency supplies, and to wear masks when outside; and (iii) A lockdown has been imposed on 75 hotspots in Dhaka where cases have been identified, and a curfew is in operation from 6pm to 6am; (iv) October 29, extends closure of educational institutions till Nov. 14; (v) November 13, school lockdowns extended to December 19.

Belgium 01 01 - Liquidity Support EUR
Belgium 01A 01A - Short-term lending EUR
Belgium 01B 01B - Support policies for short-term lending EUR
Belgium 01C 01C - Forex operations EUR
Belgium 02 02 - Credit creation EUR 53,000,000,000 58,628,318,584
Belgium 02A 02A - Financial sector lending/funding EUR
Belgium 02B 02B - Support policies for long-term lending EUR 1,000,000,000 1,106,194,690 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 November 2020).

(i) The National Bank of Belgium announced the decision to reduce the counter-cyclical buffer to zero, releasing approximately EUR1 billion worth of capital available to Belgian banks to expand lending; (ii) As of November 11, Belgian authorities have also retracted a decision to increase the buffer by 0.5%, and provided guidance that this would remain unchanged until mid-2021. [update]

Belgium 02C 02C - Loan guarantees EUR 52,000,000,000 57,522,123,894 Belgian Government. https://news.belgium.be/fr/le-gouvernement-federal-se-prononce-en-faveur-dun-vaste-plan-de-soutien-socio-economique (accessed November 11, 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020).

(i) EUR50 billion (over 11% of GDP) of guarantees for new bank loans to companies and self-employed; (ii) Regional governments announced further bank-loan guarantees (around EUR2 billion, or 0.4% of GDP); (iii) No amount/estimate: A Reinsurance scheme for short-term trade credit insurance and other socio-economic measures further support these efforts; (iv) November 6, Extension of the SME guarantee scheme and the credit insurance guarantee scheme until June 30, 2021.

Belgium 03 03 - Direct long-term lending EUR 287,000,000 317,477,876
Belgium 03A 03A - Long-term lending EUR 287,000,000 317,477,876 European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 7 September 2020).

(i) August 21, European Commission approved the EUR287 million Belgian loan to SN Airholding and its sole subsidiary, Brussels Airlines in the context of the coronavirus outbreak.

Belgium 03B 03B - Forbearance EUR Belgian Government. https://news.belgium.be/fr/le-gouvernement-federal-se-prononce-en-faveur-dun-vaste-plan-de-soutien-socio-economique (accessed 19 November 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 July 2020).

No amount/estimate: Postponement of debt repayment due to banks and insurers by affected households and companies to September 30, 2020. As of July 24, this has been extended to end-December, 2020. As of November 11, the Minister of Finance will extend, in consultation with the financial sector, the current moratorium for loans to companies. [update]

Belgium 04 04 - Equity support EUR 3,000,000 3,318,584 European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 7 September 2020).

(i) August 21, European Commission approved the EUR3 million equity injection by the Government to SN Airholding and its sole subsidiary, Brussels Airlines in the context of the coronavirus outbreak.