Other ADB Members
Sum of Measures 1—5 (Total Package)
| Measure | Amount (Local) | Amount (USD) | Details | Update | Source |
|---|---|---|---|---|---|
| 01 - Liquidity Support info_outline | |||||
| 01A - Short-term lending info_outline | |||||
| 01B - Support policies for short-term lending info_outline | |||||
| 01C - Forex operations info_outline | |||||
| 02 - Credit creation info_outline | EUR156,740,000,000 | USD173,384,955,752 | |||
| 02A - Financial sector lending/funding info_outline | |||||
| 02B - Support policies for long-term lending info_outline | |||||
| 02B1 - Interest rate adjustments | |||||
| 02B2 - Other policies to support long-term lending | No amount/estimate: (i) 21 April 2020, Authorized the Insurance Compensation Consortium to act as a reinsurer of credit insurance risks to strengthen the channelling of resources to commercial credit; (ii) June 2020, the Bank of Spain will apply to the banks it supervises the flexibility provided by the legal system in relation to the setting of transition periods and the intermediate minimum requirements for own funds and eligible liabilities (MREL) targets; and banks will be allowed to apply expert judgement for the credit-risk classification of forborne exposures. |
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| 02C - Loan guarantees | EUR156,740,000,000 | USD173,384,955,752 | (i) 17 March 2020, EUR100 billion in Instituto de Crédito Oficial (ICO), Spain's official financial agency, credit guarantee programs for companies and the self-employed, both for refinancing and new credit. The first tranche is up to EUR20 billion, divided into the following subtranches: (a) EUR10 billion for renewals and new loans granted to the self-employed and small and medium-sized enterprises (SMEs) and (b) EUR10 billion for renewals and new loans granted to companies that do not to qualify as an SME. The second tranche of guarantees (EUR 20 billion) for SMEs and self-employed only, for whom the guarantee will cover 80% of new loans and renewals. 5 May 2020, Third tranche (EUR24.5 billion) of the EUR100 billion ICO guarantee: EUR10 billion for SMEs and self-employed, EUR10 billion for other companies, EUR4 billion for the issue of promissory notes of NFCs in fixed income markets, and EUR0.5 billion for CERSA. 19 May 2020, Fourth tranche, at EUR20 billion, which is part of the EUR100 billion guarantees via ICO in item (i), for SMEs and the self-employed only. 16 June 2020, Fifth tranche, at EUR15.5 billion earmarked as follows: (a) EUR7.500 billion to guarantee loans from SMEs and the self-employed and 5,000 million for the rest, (b) EUR2.5 billion to boost tourism sector by guaranteeing loans to SMEs and the self-employed for liquidity or investments; and (c) EUR500 million to boost the automotive sector; (ii) 17 March 2020, EUR2 billion in guarantees through the Spanish Export Insurance Credit Company; (iii) 31 March 2020, Allocate EUR1.2 billion from the existing loan guarantee line to the guarantee of loans for tenants; (iv) 31 March 2020, Compania Espanola de Reafianzamiento (CERSA) will assume around EUR1 billion of risk that will allow mobilizing EUR2 billion benefiting some 20,000 SMEs and the self-employed; (v) 21 April 2020, No amount/estimate: Expand the coverage of the previously announced guarantee line to Alternative Fixed Income Market commercial paper; (vi) Strengthen counter-guarantees granted by CERSA to increase the capacity of regional mutual guarantee entities; (vii) 6 May 2020, To guarantee the liquidity of companies in the culture sector, the government injected EUR20 million to CREA to guarantee loans of up to EUR880 million; (viii) 3 July 2020, Creation of a new guarantee for lines of credit from ICO for EUR40 billion, designed to boost investment activity and promote it in areas that create the greatest added value, based on two main cornerstones - environmental sustainability and digitalization. This is within the framework of the Agreement on Economic Reactivation and Employment; (ix) 7 July 2020, The Royal Decree on the economic reactivation measures to face the impact of COVID-19 in the areas of transport and housing includes a provision to increase debt capacity of Renfe (national rail transport) to EUR1 billion (contingent liability) in order to compensate for the drop in demand and boost the recovery of services; (x) 28 July 2020, The Government launches the new line of guarantees, amounting to EUR8 billion, of which EUR5 billion will be used to guarantee investments by the self-employed and SMEs, and EUR3 billion from other companies. The State guarantee covers 80% of new self-employment and SME loans, and 70% for other companies. The guarantee line will be managed by ICO; (xi) 22 December 2020, EUR520 million as additional funding to allow the extension of the grace period of loans guaranteed by ICO and creation of a new line of loan guarantees by ICO; (xii) 12 March 2021, EUR3 billion additional funding to allow the re-financing of loans guaranteed by the ICO and creation of a new line of loan guarantees by the ICO. |
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| 03 - Direct long-term lending info_outline | EUR13,225,000,000 | USD14,629,424,779 | |||
| 03A - Long-term lending info_outline | EUR11,914,000,000 | USD13,179,203,540 | (i) 12 March 2020, EUR200 million specific ICO financing facility to support, through liquidity provision, firms and self-employed workers in the tourism sector affected by COVID-19 (loans 1–4 years); (ii) 17 March 2020, EUR10 billion increase in the net borrowing limit of the ICO to increase existing lines of credit; (iii) 18 June 2020, The Tourism Sector Promotion Plan includes EUR515 million to provide loans for projects that improve the sustainability and the competitiveness of the sector; (iv) 3 July 2020, A financing system will be introduced for digitalisation and innovation projects in the tourism sector, by granting of a maximum of 1,100 loans for each financial year (EUR216 million); (v) 9 July 2020, Shock Plan for Science and Innovation is announced, which includes an allocation of EUR508 million in loans to companies; (vi) 3 November 2020, Spain has approved the rescue of the airline Air Europa for EUR475 million. The airline will receive a profit participating loan of EUR240 million and a loan of EUR235 million. These funds come from the Fund to Support the Solvency of Strategic Companies. |
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| 03B - Forbearance | EUR1,311,000,000 | USD1,450,221,239 | (i) No amount/estimate: 17 March 2020, Moratorium on mortgage loan payments on primary homes for those identified as economically vulnerable, facing extraordinary difficulties procuring payment as a result of the COVID-19 pandemic; (ii) 12 March 2020, No amount/estimate: Deferral of the repayment of principal and/or interest of loans received from the Ministry of Industry, Trade and Tourism; (iii) 3 July 2020, A mortgage moratorium has been approved for properties associated with tourist activity, by granting a grace period of up to 12 months for financial transactions for mortgages signed with credit institutions. The amount of moratoriums is estimated to a total of up to EUR731 million; (iv) 7 July 2020, The Royal Decree on the economic reactivation measures to face the impact of COVID-19 in the areas of transport and housing includes a moratorium in the payment of the principal of the installments of the contracts of loans, leasing and renting of vehicles dedicated to the discretionary public transport of passengers by bus and to the public transport of goods of more than 3.5 tons of maximum authorized mass, in those cases in which they experience financial difficulties as a consequence of the health emergency. This measure would allow a deferral of up to EUR250 million for the discretionary transport of passengers and up to EUR330 million in the case of the transport of goods; (v) 11 May 2021, The Spanish government extended the maturities of state-backed loans (up to 10 years) as a measure to help medium-sized enterprises through the pandemic. It has also allowed lenders to prolong loan moratoria beyond the current two years. |
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| 04 - Equity support info_outline | EUR12,000,000,000 | USD13,274,336,283 | (i) 3 July 2020, Creation of a Fund to Support the Solvency of Strategic Companies. This is a new instrument with a provision of EUR10 billion that seeks to provide temporary public support to enhance the solvency of non-financial companies affected by the COVID-19 pandemic, within the framework of the Agreement on Economic Reactivation and Employment. This Fund will be attached to the Ministry of the Treasury and will be managed by the State Company for Industrial Participations (SEPI). The Fund will be structured through different instruments, such as the concession of equity loans, the acquisition of subordinated debt and the subscription of shares and other capital instruments. The amount of the dividends, interest and capital gains from these investments will be paid in to the Public Treasury; (ii) 21 July 2020, The companies benefiting from the EUR10 billion solvency support may not distribute dividends and the members of the Board of Directors will be prohibited from collecting variable premiums or remuneration; (iii) 31 July 2020, The European Commission approves the EUR10 billion Solvency Support Fund to provide debt and capital support to companies affected by the coronavirus outbreak; (iv) 12 March 2021, EUR1 billion as equity funding for SMEs to allow recapitalization of companies affected by COVID, aimed at strengthening the balance sheets of companies that were in good standing in December 2019, but are facing solvency problems due to the pandemic; (v) 19 July 2021, The European Commission has approved a Spanish program that would create a EUR1 billion recapitalisation fund to support certain companies that have been affected by the COVID-19 pandemic. |
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| 05 - Health and income support | EUR155,090,494,000 | USD171,560,280,973 | |||
| 05A - Health support | EUR8,464,900,000 | USD9,363,827,434 | (ii) 10 March 2020, Increased sick pay for coronavirus infected workers or those quarantined, from 60% to 75% of the regulatory base (EUR1.4 billion); (i) 12 March 2020, Budget support from the contingency fund to the Ministry of Health (EUR1.4 billion) and advance transfer to the regions for regional health services (EUR2.87 billion); (iii) 17 March 2020, Additional funding for research related to the development of drugs and vaccines for COVID-19 (EUR46 million); (iv) No amount/estimate: 7 April 2020, Exemption of fees in procedures for the authorization of clinical trials for research for medicines related to COVID-19; (v) No amount/estimate: Reduction of value-added tax (VAT) applicable to the supply of medical equipment from national producers to public entities, non-profit organizations and hospital centers to 0%, in line with the EU; (vi) 7 July 2020, Acquisition of COVID related health material (EUR22 million); (vii) 9 July 2020, Shock Plan for Science and Innovation is announced, which includes an allocation of EUR215.9 million for Health Research and Innovation; (viii) 17 July 2020, The Ministry of Industry allocates EUR11 million in subsidies to companies that invest in the manufacture of medical devices related to COVID-19. 9 September 2020, The Ministry of Industry, Commerce and Tourism has provisionally selected 48 projects for this assistance; (ix) No amount/estimate: 4 August 2020, The Treasury extends until 31 October 2020 the 0% value-added tax on medical supplies to combat COVID-19. 9 December 2020, The Government has announced that they will cut VAT on coronavirus tests and vaccines to 0% until the end of 2022; (x) 5 August 2020, A framework agreement is set to acquire health material and personal protective equipment for the National Health System for a value of more than EUR2.5 billion; (xi) No amount/estimate: 16 September 2020, The Government will distribute 15 million masks through the Spanish Federation of Municipalities and Provinces and social entities; (xii) No amount/estimate: 29 September 2020, The Royal Decree-Law of social measures in defense of employment includes urgent measures on human resources in the National Health System so that the autonomous communities and the National Institute of Health Management (INGESA) can hire medical and non-medical professionals and thus "alleviate the overload on the health system and the pressure on care "generated by the COVID-19 pandemic; (xiii) No amount/estimate: 19 October 2020, The Ministry of Health has distributed 755 units in recent days, most of which were acquired by the Government and also from a donation. The autonomous communities have received, since the beginning of the pandemic, 7,776 respirators; (xiv) 26 December 2020, The first batch of the coronavirus vaccine arrived in the central city of Guadalajara, where it will be administered at a nursing home on 27 December 2020; (xv) 4 May 2021, Spain has met its first vaccination goal, with 5 million people immunized with both doses; (xvi) 17 September 2021, The Spanish government will make a third dose of the COVID-19 vaccine (booster shot) available to nursing home residents and the immunocompromised. As of 6 October 2021, this initiative has been extended to all persons aged 70 or above. |
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| 05B - Income support | EUR86,790,594,000 | USD96,007,294,248 | |||
| 05B1 - Tax and contribution deferrals and policy changes | EUR23,415,600,000 | USD25,902,212,389 | (i) 12 March 2020, Possibility for SMEs and self-employed workers to defer tax payments for six months without paying interest (up to EUR14 billion); (ii) 12 March 2020, Possibility for SMEs and self-employed workers to defer tax payments for six months without paying interest (lost interest, EUR8.9 million); (iii) 31 March 2020, 6-month suspension of social security contributions for the self-employed (for the period May-July) and companies (for the period April-June) without interest (EUR352 million); (iv) Deferral of SSC debts for the self-employed and companies (EUR350 million); (v) 14 April 2020, Extension of deadlines for filing tax returns in April to 20 May 2020 for SMEs and the self-employed (liquidity of EUR3.5 billion); (vi) 21 April 2020, Reduction of the contributions for certain agricultural workers during periods of inactivity in 2020 and simplification of the procedure for deferring Social Security debt (EUR43 million); (vii) 21 April 2020, Measures to align the tax bases to the current situation (EUR1.1 billion of liquidity); (viii) 21 April 2020, (EUR30 million) No inclusion as days of exercise of the activity the days of the alarm state for the calculation of the fractional payments in the objective estimation method of the Personal Income Tax and the payment on account of the simplified VAT regime; (ix) 21 April 2020, Reduction of VAT applicable to the supply of medical equipment to 0% (EUR1 billion). 22 September 2020, Extension until 31 October 2020 the 0% VAT on deliveries of medical supplies to combat COVID-19; (x) 21 April 2020, Reduction the VAT on electronic books and newspapers (EUR24 million); (xi) 22 December 2020, EUR205 million additional stimulus to allow deferrals of social security payments; (xii) 22 December 2020, EUR2.8 billion was approved as measures for tax deferrals and tax changes to support SMEs and the self-employed. This is an extension of previously-announced measures. |
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| 05B2 - Tax and contribution rates reduction | EUR5,262,000,000 | USD5,820,796,460 | (i) 12 March 2020, 50% exemption from employers social security contributions, from February to June 2020, for workers with permanent discontinuous contracts in the tourism sector and related activities (EUR45 million). On 22 December 2020, a supplementary measure worth EUR73 million was approved, which gives a discount of 50% on the Social Security contributions of newly-hired permanent workers for businesses of the tourism, hotel and retail sectors. On 26 May 2021, a further extension of the measure has been approved, with self-employed being exempted from Social Security contributions as long as they were also protected in the previous period (between February and May); (ii) 12 March 2020, Postponement of debts derived from customs declarations (EUR2.7 million); (iii) 17 March 2020: Extraordinary contribution measures in relation to the procedures for suspension of contracts and reduction of working hours (suspension of SS contributions, EUR2.22 billion); (iv) 22 December 2020, EUR324 million stimulus for small landowners to encourage them to reduce rents for businesses of the tourism, hotel and retail industries. This measure consists of allowing landowners to account as tax-deductible expenses the amounts of rent reduction. Further, landlords with more than 10 properties in urban centres who have not agreed on a temporary discount with tenants in the hospitality sector must cut rates by 50%, with firms in the sector receiving tax credits against rent and contribution policy incentives, while property owners will receive tax incentives to lower rents. This measure totals EUR2.6 billion. |
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| 05B3 - Subsidies to individuals and households | EUR31,440,300,000 | USD34,779,092,920 | (i) 9 March 2020, Extension of the unemployment benefit to cover workers whose contracts under trial period have been terminated since 9 March 2020; (ii) 9 March 2020, Extension as well of the unemployment benefit for workers who voluntarily terminated their contract since March 1 because they had a firm job offer that has been withdrawn (EUR42 million total for (i) and (ii)); (iii) 12 March 2020, Supplemental credit of EUR25 million to cover meal allowances for vulnerable children affected by school suspension; (iv) 17 March 2020, Changes in the temporary employment adjustment schemes (ERTEs) (EUR17.8 billion). On 22 December 2020, this was extended with an additional EUR290 million of support. On 9 January 2021, it was announced that the support would last until 31 May 2021 (originally set to expire 31 January 2021). Further, on 26 May 2021, this was again extended until 30 September 2021; (v) 17 March 2020, Extraordinary allowance for self-employed workers (70% of the SSC base, at least for one month) (EUR3.8 billion); (vi) 17 March 2020, Additional budgetary funds of EUR300 million for assistance to dependent persons; (vii) 17 March 2020, Additional flexibility for local authorities to use their 2019 budgetary surplus to fund social services and primary assistance to dependent persons (EUR347 million); (viii) 31 March 2020, Temporary allowance for temporary workers whose contracts expire during the state of emergency and have not reached the minimum contribution to receive UB (EUR17.6 million); (ix) 31 March 2020, Temporary subsidy for household employees (EUR3.1 million); (x) 31 March 2020, Extension of the temporary contracts of university teachers and research staff (EUR3.8 million); (xi) 31 March 2020, Specific program for victims of gender violence, homeless people and others who are especially vulnerable to provide them with an immediate housing (EUR50 million); (xii) 31 March 2020, Rental assistance programs and additional state contribution to the State Housing Plan 2018-21 (EUR400 million); (xiii) 29 May 2020, Royal Decree-Law guarantees a minimum income to 850,000 families (EUR3 billion a year). This measure was foreseen before COVID-19, although implementation has been accelerated because of COVID; (xiv) 26 June 2020, extension of the ERTE and aid to the self-employed until 30 September 2020. 29 September 2020, extension of ERTE and aid to the self-employed until 31 January 2021; (xv) 1 September 2020, The Ministry of Labor and Social Economy allocates EUR16.8 million to programs to improve the employability of unemployed people; (xvi) 19 November 2020, The Royal-Decree law 32/2020 of 3 November 2020 introduced supplementary social measures for unemployment protection and support for the culture industry. The estimated impact of these measures is EUR180 million; (xvii) 26 May 2021, Certain aids to self-employed workers have also been extended until 30 September 2021 in light of the coronavirus pandemic; (xviii) EUR5.165 billion as part of the NextGen EU Program by the European Commission and Government of Spain, providing funding for job-seekers, as well as incentives and training opportunities; (xix) 2 September 2021, The Government of Spain has increased the minimum wage in the country, promising an “immediate increase” of the monthly minimum wage of EUR950, which affects about 1.5 million employees; (xx) 24 October 2021, Spain has decided to reimburse all fines connected with violation of COVID-19 lockdown rules, totalling EUR115 million. It is unclear if this is equal to the amount of reimbursement as well. |
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| 05B4 - Subsidies to businesses | EUR24,361,294,000 | USD26,948,334,071 | (i) 12 March 2020, Suspension for one year of the payment of interest and amortizations corresponding to loans granted by the Secretary of State for Tourism (lost interest, EUR0.742 million); (ii) 3 August 2020, EUR4 million aid for independent bookstores; (iii) 12 August 2020, Direct grant aid for cinematographic exhibition rooms (EUR13.252 million) and aid to the production of short films made in competitive competition (EUR0.3 million); (iv) 16 November 2020, The Minister of Industry, Commerce and Tourism, Reyes Maroto announces a Shock Plan in support of internationalization endowed with EUR2.643 billion; (v) 12 March 2021, EUR7 billion direct grant to SMEs in the sectors most affected by the pandemic whose income has fallen by more than 30% compared to 2019; (vi) EUR3.4 billion as part of the NextGen EU Program by the European Commission and Government of Spain, allocating support to the tourism sector. |
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| 05B5 - Indirect income support | EUR2,311,400,000 | USD2,556,858,407 | (i) 3 July 2020, "Renove 2020" Plan aims to stimulate demand, activate production in Spain and promote the replacement of the oldest and worst polluting vehicles (EUR250 million); (ii) 7 July 2020: (a) Compensations for regions for easing the impact of COVID in public transport (EUR800 million); (b) Compensation for cinema halls (EUR13 million); (iii) 7 July 2020, The Royal Decree on the economic reactivation measures to face the impact of COVID-19 in the areas of transport and housing includes a EUR110 million of extraordinary contribution to State Society of Land Transport Infrastructures ( SEITTSA) so that it can meet its public works commitments in the medium term; (iv) 9 July 2020, The Shock Plan for Science and Innovation includes EUR523.5 million for Transformation of the Science System and attraction and retention of talent and EUR317 million for promotion of business R & D & I activities and the science industry; (v) 5 August 2020, EUR275 million to finance the extraordinary deficit of public transport services provided by local entities (https://bit.ly/2C9PMub)]; (vi) 9 September 2020, The government has allocated EUR4 million to promote food products, most affected by COVID-19, in the international market; (vii) 10 September 2020, The Minister of Culture and Sport reported on the activation of aid lines for the contemporary visual arts sector worth EUR1.8 million. It includes the purchase of a work worth half a million euros to be made by the Museo Nacional Centro de Arte Reina Sofía as part of the extraordinary aid to contemporary Spanish art approved in the Royal Decree Law of 5 May 2020 to support to the cultural sector due to the Covid-19 pandemic; (viii) EUR17.1 billion as part of the NextGen EU Program by the European Commission and Government of Spain, geared towards renovation of public infrastructure, and developing innovative renewable energy sources. |
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| 05B6 - No breakdown (income support) | |||||
| 05C - No breakdown (health and income support) | EUR59,835,000,000 | USD66,189,159,292 | (i) 16 June 2020, Creation of COVID-19 fund of EUR16 billion for the regions; (ii) 15 July 2020, Congress validates the creation of the COVID fund of EUR16 billion for the autonomous communities to provide them the resources to face the impact of the pandemic and be able to provide quality public services; (iii) 22 July 2020, The Treasury approves the distribution of EUR6 billion for the first tranche; (iv) 2 September 2020, The Treasury approves the distribution to the CCAA of 2,000 million of the educational tranche of the COVID Fund; (v) EUR43.835 billion as part of the NextGen EU Program by the European Commission and Government of Spain. This represents the remainder of the budget that have not been allocated to other measures. As of 17 August 2021, EUR9 billion has been disbursed by the commission. |
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| 06 - Budget reallocation info_outline | |||||
| 07 - Central bank financing government | |||||
| 07A - Direct lending and reserve drawdown | |||||
| 07B - Secondary purchase: government securities | |||||
| 08 - International Assistance Received | EUR93,460,000,000 | USD103,384,955,752 | |||
| 08A - Swaps info_outline | |||||
| 08B - International loans/grants | EUR93,460,000,000 | USD103,384,955,752 | |||
| 08B1 - Asian Development Bank | |||||
| 08B2 - Other | EUR93,460,000,000 | USD103,384,955,752 | (i) 24 August 2020, Following consultations with the EU Member States that have requested support and after assessing their requests, the EU Commission proposes to the Council to approve the granting of financial support to Spain, amounting to EUR21.3 billion. 25 September 2020, EU Council approves EUR87.4 billion in financial support for member states under SURE, which includes the EUR21.3 billion for Spain. 17 November 2020, The European Commission has disbursed the second installment of financial support to Member States under the SURE instrument. Spain received an additional EUR4 billion; (ii) 23 September 2020, The European Commission has approved the modification of nine more Cohesion policy operational programmes in Spain, worth a total of EUR1.2 billion from the European Regional Development Fund (ERDF) to alleviate the impact of the coronavirus outbreak; (iii) November 13, The EC has approved the modification of four operational programs in Spain, that will allow the mobilization of more than EUR1.11 billion of the European Regional Development Fund (ERDF) to tackle the coronavirus crisis; (iv) 19 March 2021, EUR50 million financing from the Council of Europe Development Bank to the Regional Government of Galicia, which will finance COVID-19-related medical services; (v) 31 March 2021, The European Investment Bank (EIB) is supporting the Banco de Sabadell by providing EUR300 million to expand its capacity to lend to small and medium-sized enterprises (SMEs) and mid-caps hit by the economic impact of the COVID-19 pandemic; (vi) EUR69.5 billion in grants from the European Commission as part of the NextGeneration EU Program, with spending reflected in the sub-measures under Measure 5. As of 17 August 2021, EUR9 billion has been disbursed by the commission. |
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| 09 - International Assistance Provided | EUR2,000,000 | USD2,212,389 | |||
| 09A - Swaps info_outline | |||||
| 09B - International loans/grants | EUR2,000,000 | USD2,212,389 | (i) 6 May 2021, Spain has sent medical material worth EUR2 million to India to fight COVID-19; (ii) 8 July 2021, The Spanish Government has donated health materials to Bolivia to combat COVID-19, consisting of rapid antigen tests and ventilators; (iii) 16 July 2021, A shipment including rapid antigen tests, ventilators, and asks donated by the Ministry of Health has been received by Tunisia; (iv) 14 September 2021, The Spanish Government has donated 180,000 doses of the AstraZeneca vaccine to the carribean (Jamaica and Suriname); (v) 16 September 2021, Spain's shipment of 307,200 doses of the AstraZeneca vaccine have also arrived in Guatemala; (vi) 5 November 2021, Spain has donated 326,400 doses of COVID-19 vaccines to the Ivory Coast. [update] |
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| 10 - No breakdown | EUR13,900,000,000 | USD15,376,106,195 | (i) 17 March 2020, Support to the digitalization of small and medium companies through grants and loans to finance investment in digital equipment or solutions for remote working conditions (programme ACELERA PYME) (EUR250 million); (ii) 30 July 2020, An Aeronautical Technology Plan, linked to the Recovery Funds of the European Union, will be managed by the Spanish Innovation Agency (CDTI) endowed with the following budget allocation: 2020 - EUR25 million, 2021 - EUR40 million, 2022 - EUR80 million, 2023 - EUR40 million; (iii) 23 March 2021, the European Commission has approved the modification of a Spanish "umbrella" scheme, providing EUR13.65 billion in limited amounts of aid, guarantees on loans, subsidised loans and support for uncovered fixed costs to companies and the self-employed affected by the coronavirus outbreak. |
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| 11 - Other Economic Measures | (i) 17 March 2020, Economic dismissals related to COVID-19 are not allowed. Moreover, if a company reduces activity for reasons related to the COVID crisis, the maximum duration of the affected fixed-term contracts can be prolonged for the same number of months of the crisis; (ii) 31 March 2020, Prohibit evictions due to missed payments for all households until state of emergency lifted. Thereafter, evictions due to missed payments will be prohibited for a maximum of 6 months; (iii) 7 July 2020, Extension of some policies announced in March (moratorium of rent payment of vulnerable households, guarantee of utilities) to end-September. 29 September 2020, The suspension of the eviction procedure and the launches for vulnerable homes is extended until 31 January 2021. |
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| 12 - Non-Economic Measures | |||||
| 12A - Measures affecting travel and transport (local and international) | (i) 16 March 2020, Land borders are closed except for Spanish citizens, residents and land transportation of goodst; (ii) 7 July 2020, The Royal Decree on the economic reactivation measures to face the impact of Covid-19 in the areas of transport and housing includes provisions to for airport managers and airlines to implement management measures for passengers and civil aviation personnel in the face of the pandemic, minimizing the risks of contagion both in airport facilities, as well as during the different stages of the trip, including limiting access to airport terminal buildings; (iii) 17 July 2020, Ministry of Foreign Affairs launches campaign entitled #ViajaSeguro adapted to the limitations imposed by COVID-19 (https://bit.ly/347YQeG); (iv) 23 March 2020, Airport and port border restrictions have been introduced for 30 days, extended to 15 May 2020 (21 April 2020); (v) 11 March 2020, Ban on direct flights from Italy, except for flights transporting Spanish citizens or residents; (vi) Plan for gradual transition: (b) Phase 1 (from 10 May 2020): Interregional trips not allowed until end-June but mobility within regions allowed. Public transport capacity will rise to 80; (e) Phase 4 (the new normality stage, likely end-June): End of social and economic restrictions. Mobility across regions, public transport capacity will rise to 100%; (vii) Phase 1 (from 10 May 2020 in certain regions, around 51% of the Spanish population): Interregional trips not allowed until end-June but mobility within regions allowed; (viii) May 2020, Ban on entry from outside the Schengen area extended to 15 June 2020. Internal border controls to remain in place until 15 June 2020; (ix) 24-27 May 2020, Lifting of the two-week quarantine for overseas arrivals in July; (x) 14 June 2020, Spain will reopen its borders on 21 June 2020 to visitors from the European Union and the open-border Schengen area; (xi) 1 July 2020, Opened borders with Portugal. Travelers from 15 countries allowed (EU level decision); (xii) 7 July 2020, The Royal Decree on the economic reactivation measures to face the impact of Covid-19 in the areas of transport and housing includes provisions to for airport managers and airlines to implement management measures for passengers and civil aviation personnel in the face of the pandemic, minimizing the risks of contagion both in airport facilities, as well as during the different stages of the trip, including limiting access to airport terminal buildings; (xiii) 17 July 2020, Ministry of Foreign Affairs launches campaign entitled #ViajaSeguro adapted to the limitations imposed by COVID-19 (https://bit.ly/347YQeG); (xiv) 10 December 2020, the Spanish Health Ministry announced that they will accept a negative coronavirus test known by its initials TMA for air travelers arriving in Spain, as well as the better-known PCR test; (xi) As of February 2021, Spain has started re-imposing localized restrictions on non-essential activities amid the third wave of outbreaks. Restrictions on flights from the United Kingdom, Brazil and South Africa are in place until February 16-17; (xii) 24 February 2021, Spain extends travel restrictions on arrivals from the UK, Brazil and South Africa until March 16; (xiii) 15 July 2021, Spain's Catalonia Region has imposed curfew as coronavirus infections keep rising; (xiv) 19 October 2021, Spain has eased its COVID-19 restrictions for travellers from the UAE and Bahrain. |
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| 12B - Measures affecting business and workplace | (i) 26 March 2020, Closure of hotels, all retail spaces, except those selling food and essential items, closure of restaurant, which will only be able to maintain food delivery services, museums, libraries, public show venues. Sport events and local celebration events have been suspended; (ii) Suspension of all nonessential work from 30 March 2020 to 9 April 2020, inclusive (iii) Plan for gradual transition: (a) Phase 0 (from 4 May 2020): reopen small businesses that can take bookings (restaurants that offer take-way food and places, and hardware stores) and hairdressers, (b) Phase 1 (from 10 May 2020): open up sidewalk cafes (30% of capacity limit) and hotels (except common areas) and religious sites (30% capacity limit). Public transport capacity will rise to 80%, (c) Phase 2 (at least 2 weeks after Phase 1): Open up bars and restaurants with inside seating, cinemas, theatres, monuments and exhibition centers (30% capacity limit), allow cultural events such as concerts (1/3 capacity), outdoor events up to 400 people, if seated. Open shopping centers (except recreational areas), (d) Phase 3 (at least 2 weeks after Phase 2, likely mid-June 2020): open bars, cinemas and theatres (50% capacity limit), allow shoppers to enter shops (with limits on capacity of 50%, 2 meter social distancing rules), and (e) Phase 4 (the new normality stage, likely end-June 2020): End of social and economic restrictions; (ii) Phase 1 (from 10 May 2020 in certain regions, around 51% of the Spanish population): open up hotels (except common areas), restaurant terraces (50% capacity), places of worship (30% capacity) and museums (30% capacity). Cultural events of under 30 people indoors (30% capacity) and cultural events less than 200 people outside. Open up small businesses less than 400 square meters (30% capacity, 2-meter social distancing rules). Educational centers and universities open for disinfection and administrative functions. Scientific seminars of less than 30 people allowed. Active and nature tourism activities allowed up to 10 people; (iv) In line with the gradual deconfinement plan, some regions entering Phase 1 are slowly opening up some public places with limited capacity, while others are still in Phase 0 (11 May 2020, 51% of population entered Phase 1); (v) Obligatory shut down of economic activities. In line with the gradual deconfinement plan, some regions entering Phase 1 are slowly opening up economic activities, while others are still in Phase 0 (11 May 2020, 51% of population entered Phase 1); (vi) 24-27 May 2020, All of Spain will be at least be in Phase 1, while some areas will be in Phase 2. The government also announced that it would reopen to international tourists; (vii) Since July 2020, some localized restrictions have been imposed on movements or activities. Social distancing requirements, capacity limitations, and hygiene measures at workplaces remain in place; (viii) 29 September 2020, The Government has approved the Royal Decree-Law on urgent measures regarding teleworking in public administrations. |
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| 12C - Others | (i) Mandated nationwide quarantine for at least 15 days since 15 March 2020, gradually extended until May 9th; (ii) Closure of schools nationwide since 12 March 2020; (viii) Mandated nationwide lockdown until 10 May 2020. State of emergency will continue until May 24th; (iii) According to the gradual deconfinement plan, announced on 28 April 2020, schools will not open fully until September, but in phase 2 of the plan, schools will offer classes to children under the age of six if parents require it to be able to go to work and so that students can complete their university entrance exams; (iv) 31 May 2020, Lockdown extended until 21 June 2020; (v) 8 June 2020, 52% of Spain will be in phase 3 while 48% will be in phase 2 of the COVID de-escalation process; (vi) Plan for gradual transition: (a) Phase 0 (from 4 May 2020): Preparation phase, ability to go outside for exercise and walks, individual training for professional sportsmen, (b) Phase 1 (from 10 May 2020); gatherings of up to 10 people with social distancing rules, open up sidewalk cafes (30% of capacity limit) and hotels (except common areas) and religious sites (30% capacity limit). Public transport capacity will rise to 80%, (c) Phase 2 (at least 2 weeks after Phase 1): Visit to people in homes with disabilities, but not the elderly. Schools will not open fully until September 2020, but schools will offer classes to children under the age of six if parents require it to be able to go to work and so that students can complete their university entrance exams. (d) Phase 3 (at least 2 weeks after Phase 2, likely mid-June 2020): Relaxation of mobility restrictions further, visit senior homes (under some yet to be set conditions), and (e) Phase 4 (the new normality stage, likely end-June 2020): End of social and economic restrictions; (vii) Phase 1 (from 10 May 2020 in certain regions, around 51% of the Spanish population): gatherings of up to 10 people with social distancing rules. Isolation of people who are diagnosed or with symptoms and those in contact with someone diagnosed or with symptoms. Timetable for taking walks and other exercises (to be set by regions); (viii) Since July 2020, mandatory use of masks in closed spaces and on streets when a safety distance of 1.5 meters cannot be maintained; (ix) 14 August 2020, Health and the autonomous communities unanimously agree on coordinated actions to control the transmission of COVID-19 (https://bit.ly/3kVmIZ0); (x) 25 August 2020, The Madrid region will delay start of classes, temporarily hire nearly 11,000 teachers, and do 100,000 coronavirus antibody tests for staf; (xii) 27 August 2020, The government and autonomous communities have agreed that in general, the teaching activity will be face-to-face for all levels and stages of the education system. They reiterate the need to resume face-to-face educational activity, by adopting a series of prevention, hygiene and health promotion measures that guarantee safe return to classrooms; (xii) 8 September 2020, The Ministry of Health has launched the institutional campaign #EstoNoEsUnJuego aimed at reinforcing compliance with protection measures against COVID-19; (xiii) 14 September 2020, New laws prohibiting social gatherings of more than six people come into effect; (xiv) 30 September 2020, The Government and the Autonomous Communities agree on coordinated actions in public health to control Covid-19 infections (https://bit.ly/2GqGawC); (xv) 9 October 2020, The Council of Ministers decrees the state of alarm to control the pandemic in the most affected territories (https://bit.ly/2SUIyPr); (xvi) 25 October 2020, The government decrees a state of alarm to give full constitutional protection to the necessary measures against the pandemic in the autonomous communities; (xvii) 21 January 2021, Earlier curfews and tighter lockdowns have been announced for certain municipalities; (xviii) 15 March 2021, Spain has suspended the use of the AstraZeneca vaccine following fears of the possibility of blood clot occurring from use; (xix) 7 April 2021, After a brief resumption, Spain has again suspended the use of the AstraZeneca vaccine; (xx) 12 May 2021, Spain has approved the use of the J&J COVID vaccine for people under 60 years old; (xxi) 8 September 2021, Spain has approved the use of COVID-19 booster shots for immunocompromised people; (xxii) 19 September 2021, Spain's Capital, Madrid, is set to remove most of its pandemic restrictions, including removal of capacity limits and removal of curfews for restaurants and bars. |