Sum of Measures 1—5 (Total Package)
|Measure||Amount (Local)||Amount (USD)||Details||Update||Source|
|01 - Liquidity Support info_outline||IRR63,000,000,000,000||USD1,500,000,000|
|01A - Short-term lending info_outline|
|01B - Support policies for short-term lending info_outline|
|01C - Forex operations info_outline||IRR63,000,000,000,000||USD1,500,000,000||
The Central Bank of Iran announced it injected USD1.5 billion in the foreign exchange market to stabilize the rial.
|02 - Credit creation info_outline|
|02A - Financial sector lending/funding info_outline|
|02B - Support policies for long-term lending info_outline|
|02C - Loan guarantees|
|03 - Direct long-term lending info_outline||IRR1,011,221,094,840,000||USD24,076,692,734|
|03A - Long-term lending info_outline||IRR1,011,221,094,840,000||USD24,076,692,734||
Subsidized loans for affected businesses and vulnerable households at 4.4% of GDP.
|03B - Forbearance||
No amount/estimate: (i) Central bank agreed with commericial banks to postpone payment of loans due on February 2020 by 3 months; (ii) offered penalty waivers for customers with non-performing loans.
|04 - Equity support info_outline|
|05 - Government support to income/revenue||IRR2,206,300,570,560,000||USD52,530,965,966|
|05A - Health||IRR459,645,952,200,000||USD10,943,951,243||
Additional funding to health sector at 2% of GDP.
|05B - Non-health||IRR1,746,654,618,360,000||USD41,587,014,723||
(i) Moratorium on tax payments at 7% of GDP; (ii) cash transfer to vulnerable householders at 0.3% of GDP; (iii) support to unemployment insurance fund at 0.3% of GDP.
|06 - Budget reallocation info_outline|
|07 - Central bank financing government|
|07A - Direct lending & reserve drawdown|
|07B - Secondary purchase: government securities|
|08 - International Assistance Received||IRR2,100,000,000,000||USD50,000,000|
|08A - Swaps info_outline|
|08B - International loans/grants||IRR2,100,000,000,000||USD50,000,000|
|08B1 - Asian Development Bank|
|08B2 - Other||IRR2,100,000,000,000||USD50,000,000||
May 31, USD50 million from the World Bank for Iran COVID-19 Emergency Response Project.
|09 - International Assistance Provided|
|09A - Swaps info_outline|
|09B - International loans/grants|
|10 - No breakdown||
No amount/estimate: Central Bank allocated funds to import medicine.
|11 - Other Economic Measures||
(i) Sukuk bonds and the National Development Fund used to partly fund recovery and relief measures; (ii) April 15, government announced its biggest-ever initial public offering, selling its residue shares in 18 companies (including 12 percent share of Social Welfare Fund (SHASTA), the largest public company); (iii) expanded contacless payments and increased the limits for bank transactions in order to reduce circulation of banknotes and exchange of debit cards; (iv) May 7, estimated privatization proceeds are at around IRR165 trillion (0.6% of GDP) from banks and insurance companies and IRR70 trillion (0.2% of GDP) from SHASTA.
|12 - Non-Economic Measures||
(i) Stopped flights from China, closed schools and malls, key religious sites, banned cultural and religious gatherings, released a high number of prisoners; (ii) March 25, partial lockdown announced, closing of businesses and government offices for two weeks; (iii) Staggered reopening of businesses that are low or average risk in terms spreading the virus; (iv) April 27, reopened all international borders (except Turkmenistan) to revive regional trade.