Central and West Asia

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 102
% of GDP (2019): 0.53%
% of Regional Total Package: 0.25%
Package Per Capita in USD: 2.73
Note: Measures 9 and 10 are added to the sum of Measures 1-5.
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

No estimate/amount: The Financial Stability Committee is meeting regularly to assess evolving risks to the financial and monetary stability. Da Afghanistan Bank or DAB (central bank) has intensified its monitoring of banks and indicated its readiness to provide liquidity as needed.

01C - Forex operations info_outline

No amount/estimate: (i) DAB is in discussions with money-service providers, who play a systemic role in financial transactions, to ensure uninterrupted services, including transactions in foreign currency, and to encourage enhancement of their remote services given closures; (ii) DAB remains focused on price stability and is committed to exchange rate flexibility, limiting its foreign interventions to preventing excessive volatility.

02 - Credit creation info_outline
02A - Financial sector lending/funding info_outline
02B - Support policies for long-term lending info_outline

No estimate/amount: (i) The authorities increased the frequency of Financial Stability Committee meetings, enhanced the monitoring of early signs of liquidity stress, and reviewed banks’ business continuity plans; (ii) DAB has suspended administrative penalties and fees, postponed the IFRS-9 implementation to June 2021, and froze loan classifications at the pre-pandemic cutoff of end-February.

02C - Loan guarantees
03 - Direct long-term lending info_outline
03A - Long-term lending info_outline
03B - Forbearance
04 - Equity support info_outline
05 - Government support to income/revenue AFN8,000,000,000 USD101,662,492
05A - Health AFN8,000,000,000 USD101,662,492

(i) The government has so far allocated AFN1.9 billion (0.1% of GDP) in the budget for emergency health needs, such as (a) establishing testing labs, including at border crossings, (b) setting up special wards to boost hospitalization and care capacity, and (c) procuring the most critical medical supplies; (ii) As of April 22, the government has already allocated a total of AFN8 billion (0.5% of GDP) for emergency pandemic response. The authorities plan to spend about 2% of GDP for critical pandemic-related spending during the year, with about one-third directed to health;

05B - Non-health

No amount/estimate: To ease tax compliance, the government extended filing deadlines, initially to May 20, now to July 5 for individual and business taxpayers.

06 - Budget reallocation info_outline

No amount/estimate: The government is working to identify nonessential spending that can be curtailed to create space for pandemic-related spending, including social relief package for the affected households and measures to prevent permanent damage to the Afghan economy.

07 - Central bank financing government
07A - Direct lending & reserve drawdown
07B - Secondary purchase: government securities
08 - International Assistance Received AFN61,958,912,636 USD787,362,181
08A - Swaps info_outline
08B - International loans/grants AFN61,958,912,636 USD787,362,181
08B1 - Asian Development Bank AFN3,389,253,931 USD43,070,000

(i) USD3 million - Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (ii) May 11, USD40 million Emergency Assistance for COVID-19 Pandemic Response grant to support the construction of 15 hospitals and medical facilities; (iii) June 3, Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (Additional Financing) - USD0.07million.

08B2 - Other AFN58,569,658,705 USD744,292,181

(i) April 14-Oct 13: IMF Catastrophe Containment And Relief Trust-Grant Assistance For Debt Service Relief, SDR2.4 million (SDR0.729/USD); (ii) April 2, The World Bank approved a USD100.4 million grant for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness; (iii) The IMF approved Afghanistan’s request for emergency assistance in the amount of SDR161.9 million (approximately USD220 million) under the Rapid Credit Facility; (iv) With the support of the World Bank, other development partners, and humanitarian agencies, the authorities are developing a social relief package—through cash transfers and, if impractical, in kind—to support food security among socially vulnerable households. On April 29, the government started providing free bread to about 2.5 million needy and poor people in Kabul [update]; (v) May 7, USD400 million grant from the World Bank to support the country in managing risks and uncertainties compounded by the COVID-19 crisis; (vi) As of May 26, USD18.7 million from USAID, broken down into: (a) USD7.1 million for health and IDA humanitarian assistance, (b) USD3.1 million in MRA humanitarian assistance for Afghan returnees, (c) USD10 million from redirecting existing resources to support Afghanistan's health response, (d) USD500,000 to procure COVID-19 prevention and control supplies for correctional facilities.

09 - International Assistance Provided
09A - Swaps info_outline
09B - International loans/grants
10 - No breakdown

No amount/estimate: April 22, The government has already allocated AFN8 billion (0.5% of GDP) for emergency pandemic response. The authorities plan to spend about 2% of GDP for critical pandemic-related spending during the year (See Measure 5 under health).

11 - Other Economic Measures

The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia. 

12 - Non-Economic Measures

(i) Screening at ports of entry, quarantine for infected people, and closure of public places for gathering; (ii) Quarantine for infected people; (iii) Closure of public places for gathering; (iv) Social distancing measures, including a three-week lockdown of Kabul (March 28) and Ghazni (April 1) and restricting daily movements to those deemed essentiall (v) Extended the border closures until April 9; (vi) Social distancing measures have included 20 provinces, including Kabul and some other cities, instituting lockdown measures, extended for two weeks on April 12; (vii) social distancing measures have been extended for 3 weeks on April 17; (viii) Both Houses of Afghanistan’s parliament were put on lockdown on April 29 until end of the national lockdown; (ix) The government also released over 5,300 prisoners to reduce the risk of mass infections in penitentiaries; (x) Schools and universities will remain closed until September. [update]