FACTBOX 10/2/20: L'Amérique latine prend des mesures pour atténuer l'impact du COVID-19


Économie et politique Coronavirus Régions d'Amérique latine

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Les gouvernements d'Amérique latine, leurs banques centrales et les institutions financières internationales ont pris des mesures pour atténuer l'impact du nouveau coronavirus, COVID-19.

La pandémie a tué des centaines de milliers de personnes dans le monde et menace la dégradation économique à long terme de la région. On s'attend à ce que la distanciation sociale et d'autres mesures pour réduire la transmission restent en place jusqu'à ce qu'un vaccin efficace soit à la fois développé et largement distribué. Cela entraînera probablement des interventions à long terme de la part des autorités locales et des institutions financières internationales pour renforcer les économies fragiles et les systèmes de santé faibles.

Les derniers développements sont listés ci-dessous par date.

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Argentine

L'Argentine est publier des mises à jour ici sur les mesures gouvernementales prises contre le coronavirus.

10 mars: Le gouvernement a créé un fonds de 1,7 milliard d'ARS (26 millions de dollars) pour acheter du matériel et des fournitures médicales pour lutter contre le coronavirus.

Le 17 mars: Le gouvernement a annoncé qu'il augmentait le financement de ses programmes de repas pour garantir la nourriture et les revenus des plus vulnérables pendant la pandémie.

Le 17 mars: Le gouvernement a annoncé qu'il exempterait les entreprises des charges sociales et renforcerait l'assurance-chômage.

Le 20 mars: Le gouvernement a établi un contrôle des prix sur un panier de produits alimentaires de base pour éviter des prix spéculatifs pendant la pandémie.

23 mars: Le gouvernement a créé un programme de revenu familial d'urgence. Les chômeurs recevraient 10 000 ARS (151 $) au cours du mois d'avril.

24 mars: Le gouvernement a interdit aux banques de fermer ou de suspendre les comptes bancaires à découvert.

24 mars: Le gouvernement a suspendu temporairement les suspensions des services publics pour défaut de paiement.

24 mars: Présidence décrète un régime fiscal préférentiel pour les employeurs fournissant des services d'urgence dans le cadre du COVID-19.

24 mars: Ministère des finances annonce une prime extraordinaire pour les retraités et les bénéficiaires de la sécurité sociale pour atténuer les effets du COVID-19; les paiements de prêts de sécurité sociale ont été tolérés pour les mois d'avril et mai; subvention salariale pour les travailleurs formels (programme REPRO) pour garantir l'emploi et alléger les employeurs; sécurité du chômage; aussi, suspension des charges sociales pour le mois de mars.

24 mars: Le ministère des Finances annonce des contrôles des prix pendant 30 jours sur le panier d'aliments de base, d'hygiène personnelle et de produits de santé.

24 mars: Le ministère des Finances annonce une ligne de crédit souple de 350 milliards ARS (5,2 milliards de dollars) pour les producteurs de produits de base; Allocation de 320 milliards ARS (4,8 milliards de dollars) pour fournir un fonds de roulement aux entreprises à des taux préférentiels; Allocation de 25 milliards ARS (373 millions de dollars) pour les crédits Banco de la Nación aux producteurs de denrées alimentaires, de produits d'hygiène personnelle et de fournitures médicales.

26 mars: Le gouvernement a modifié les allocations budgétaires pour ajouter des fonds aux soins médicaux.

26 mars: Le gouvernement a interdit aux banques de facturer les services de distributeurs automatiques de billets.

26 mars: Le gouvernement a étendu son programme de crédit aux PME pour couvrir les salaires des employés.

27 mars: Le gouvernement prolonge les dates d'échéance des dettes des PME.

29 mars: Les saisies sont suspendues et des facilités pour payer les hypothèques sont offertes.

29 mars: Les paiements de loyer et les expulsions sont suspendus.

31 mars: Le gouvernement a élargi un programme permettant aux citoyens d'acheter des produits essentiels via une plateforme en ligne gérée par le gouvernement.

31 mars: Le gouvernement a créé un fonds de garantie de 30 milliards ARS (453 millions de dollars) pour les PME.

31 mars: Le gouvernement a interdit les mises à pied pendant 60 jours.

31 mars: Des facilités de crédit sont accordées aux entreprises locales produisant des fournitures médicales.

Le premier avril: Un programme d'urgence d'aide à la main-d'œuvre et à la production est créé. Les entreprises et les travailleurs peuvent reporter les charges sociales ou les faire réduire jusqu'à 95%.

Le premier avril: Suspension des péages sur les routes; les taxes à l'importation pour les «fournitures critiques» sont suspendues.

Le premier avril: L'Argentine a déclaré qu'elle chercherait à restructurer 83 milliards de dollars de dette en devises avec une offre aux détenteurs d'obligations qui demanderont un délai de grâce, une prolongation des échéances, une réduction des coupons et une éventuelle décote.

3 avril: Gouvernement de l'Argentine prolonge la période de suspension des charges sociales en raison de l'urgence COVID-19 pour inclure les mois de mars et avril.

3 avril: La CAF fait un don 400 000 $ en Argentine pour combattre Covid-19.

7 avril: L'Argentine a reporté les paiements de 9,8 milliards de dollars d'obligations de droit local libellées en dollars américains jusqu'au 31 décembre.

8 avril: Le président Alberto Fernández a déclaré qu'il prévoyait de prolonger le verrouillage de l'économie au-delà du mois d'avril. 12.

8 avril: Fonplata prêté Argentine 12 millions de dollars pour lutter contre les effets du coronavirus. Ce prêt porte à 53 millions de dollars de prêts de Fonplata à l'Argentine dans le cadre de l'urgence COVID-19.

9 avril: 120 milliards d'ARS (1,8 milliard de dollars) sont affectés à un programme de financement d'urgence pour les provinces.

9 avril: 30 millions d'ARS (453 000 dollars) sont octroyés en aide aux installations culturelles.

13 avril: Les assureurs en milieu de travail sont tenus de couvrir le COVID-19.

13 avril: Fernández a annoncé qu'il ferait une offre "dans les prochains jours" pour restructurer 68,8 milliards de dollars d'obligations en devises.

14 avril: L'Argentine a procédé à un swap de dette, émettant de nouvelles obligations d'État d'une valeur de 4,795 milliards de dollars afin d'éviter le défaut de paiement. L'échange comprenait des bons du Trésor locaux d'une valeur de 98,328 milliards de pesos pour la dette nouvellement émise venant à échéance en 2020, 2021 et 2022. Le ministère de l'Économie a déclaré que l'échange couvrirait 90% de la dette venant à échéance en avril.

15 avril: L'Argentine s'est adressée mercredi à la Securities and Exchange Commission (SEC) des États-Unis pour émettre jusqu'à 51,7 milliards de dollars de dettes, un jour avant qu'elle ne dévoile une offre de restructuration de 83 milliards de dollars d'obligations de droit étranger.

15 avril: L'Argentine a demandé au Club de Paris des pays créanciers de retarder le versement d'un paiement de 2,1 milliards de dollars dû en mai, selon un rapport de l'agence de presse d'Etat Telam.

16 avril: L'Argentine a annoncé une offre de restructuration pour 68,8 milliards de dollars d'obligations de droit étranger, proposant aux créanciers d'accepter une période de grâce de trois ans et une réduction de 62% sur les paiements d'intérêts. Le plan demande que les paiements d'intérêts reprennent en 2023, commençant à un taux d'intérêt moyen de 0,5% et augmentant progressivement au fil des ans.

17 avril: Le contrôle des prix des produits de base est prolongé de 30 jours.

19 avril: Le programme d'urgence d'aide à la main-d'œuvre et à la production est prolongé jusqu'au 30 juin. Les entreprises et les travailleurs peuvent reporter les charges sociales ou les faire réduire jusqu'à 95%.

20 avril: Les groupes créanciers rejettent le plan initial de restructuration de la dette du gouvernement argentin.

21 avril: La Banque internationale pour la reconstruction et le développement accorde à l'Argentine un prêt de 35 millions de dollars pour lutter contre le COVID-19.

22 avril: De nouvelles règles ont été créées pour accélérer les marchés publics pendant l'urgence.

22 avril: Argentine présente une restructuration de la dette offrir aux investisseurs pour 66 milliards de dollars de dette extérieure du gouvernement central afin de mobiliser des ressources pour lutter contre les effets sanitaires et économiques du COVID-19. L'offre demande un délai de grâce de trois ans, une réduction de 5,5% du capital sur les obligations et une réduction de 62% des paiements d'intérêts.

25 avril: Le gouvernement a annoncé que le 29 avril, il ajouterait un paiement extraordinaire aux détenteurs de «cartes alimentaires» pour les aider à traverser la «situation sociale critique». Les familles avec un enfant recevraient 4 000 ARS (60 $) et les familles avec deux enfants ou plus recevraient 6 000 ARS.

30 avril: gouvernement étend jusqu'au 31 mai, mesures interdisant aux banques de fermer ou de suspendre les comptes bancaires à découvert.

30 avril: les délais de grâce pour les prêts du système de sécurité sociale sont prolongés dans le but de maintenir les revenus de la population la plus vulnérable pendant la pandémie.

3 mai: Ministre de l'Economie Martín Guzmán publie son opinion dans le Financial Times expliquant pourquoi le pays cherche à refinancer pour 66 milliards de dollars de dette publique extérieure. Affirme aux obligataires que la proposition empêche «les dynamiques destructrices du passé».

Le 5 mai: Ministère des finances de l'Argentine publié une déclaration avec le "contexte du processus qui a conduit à la proposition d'échange présentée par la République d'Argentine le 22 avril 2020", un jour après les groupes obligataires ont réitéré leur rejet de l’échange proposé.

Le 5 mai: UNE nouvelle formule d'estimation de la facture d'électricité est développé qui prend en compte la demande d'énergie de la maison pendant la pandémie, en protégeant les droits des consommateurs.

7 mai: La Banque interaméricaine de développement annoncé il déboursera 1,8 milliard de dollars pour aider l'Argentine en 2020. "Il s'agit du plus gros décaissement en faveur de l'Argentine en 10 ans", a déclaré la BID dans un communiqué de presse. Les ressources iront pour combattre le COVID-19.

7 mai: Ministère du Tourisme annonce un programme de 2,8 milliards ARG (41,5 millions de dollars) pour aider à payer 200 000 travailleurs du secteur.

10 mai: Banque centrale argentine annonce que les entreprises qui n'ont pas de prêts auront désormais accès à une nouvelle ligne de crédit bonifiée avec des taux d'intérêt de 24%. La banque estime que 200 000 entreprises sont éligibles à cet avantage.

11 mai: L'Argentine étend la date limite de son offre de refinancement aux obligataires. le nouvelle date limite a été déplacé au 22 mai à partir du 8 mai.

12 mai: Ministère des finances de l'Argentine établi les critères à appliquer à la distribution de 60 milliards ARG (888 millions de dollars) de prêts subventionnés aux provinces. Le programme d'urgence financière pour les provinces a été créé le 9 avril.

12 mai: Fonplata approuvé un décaissement de 1,1 million de dollars pour renforcer les mesures de protection de la santé. Avec ce décaissement, l'Argentine a reçu un total de 53 millions de dollars de Fonplata pour lutter contre Covid-19.

14 mai: Le service fédéral des recettes offre aux contribuables des facilités de paiement pendant l'urgence. Les paiements en souffrance au 20 avril peuvent être payés en six versements.

14 mai: Le gouvernement lance un programme de construction de maisons pour créer des emplois. L'initiative coûtera 2,9 milliards ARG (427 millions de dollars).

15 mai: Le bureau national des marchés publics d'Argentine établit des règles pour des acquisitions rapides pendant l'urgence sanitaire.

16 mai: Le ministère argentin du commerce prolonge jusqu'au 20 juin un gel du prix d'un panier de biens essentiels

18 mai: Le gouvernement argentin a gelé les prix des services téléphoniques, cellulaires, Internet et de télévision jusqu'au 31 août, déclarant les services comme essentiels.

18 mai: Le gouvernement argentin prolonge de 60 jours l'interdiction de licencier des travailleurs.

19 mai: La Banque interaméricaine de développement approuve un prêt de 470 millions de dollars pour garantir l'accès aux soins médicaux liés au COVID pour 17 millions de personnes.

Le 21 mai: Argentine prolonge la date limite pour dette restructuration offre au 8 juin.

28 mai: L'Argentine prolonge jusqu'au 31 août tous expirant assurance chômage avantages en raison de l'urgence du coronavirus.

29 mai: Gouvernement suspend outils routiers pour les agents de santé et de sécurité pendant la période de distanciation sociale.

30 mai: Le ministère des Finances a annoncé que les familles vulnérables bénéficieront d'un "nouvelle ronde" de 10 000 ARG (146 dollars) en espèces transferts pour atténuer les effets économiques des pandémies. Le programme Family Emergency Income couvre 8,3 millions de personnes.

1 juin: Le gouvernement annonce la deuxième phase du programme de revenu familial d'urgence. Au total, 9 millions de personnes recevront des transferts en espèces de 10 000 ARS (145 dollars). Le paiement débutera le 8 juin.
6 juin: L'Argentine s'étend de 60 jours supplémentaires la période pendant laquelle les travailleurs peuvent être congédiés avec 75% du salaire.
9 juin: L'Argentine approuve la loi qui exempte les agents de santé et les forces armées et le personnel de sécurité de payer l'impôt sur le revenu entre le 1er mars et le 30 septembre. L'effet est rétroactif et le délai peut être prolongé.
9 juin: Argentine prolonger de 180 jours la période pendant laquelle les entreprises doivent payer une double indemnité de départ en cas de licenciement comme mesure de protection de l'emploi pendant le COVID-19.
11 juin: Le gouvernement argentin accorde au secteur des transports collectifs longue distance des fonds d'urgence de 50 millions ARG (716 830 dollars).
18 juin: Le gouvernement argentin a prolongé jusqu'au 31 décembre les mesures interdisant aux banques de fermer ou de suspendre les comptes bancaires à découvert.
18 juin: le gouvernement argentin a prolongé la période pendant laquelle les entreprises de services publics ne peuvent pas interrompre les services faute de paiement. L'extension augmente le nombre de factures impayées de trois à six.
23 juin: La BID a approuvé un prêt de 500 millions de dollars provenant d'une réorientation des ressources de son portefeuille avec l'Argentine pour soutenir la reprise du secteur des MPME, qui a été gravement touché par la pandémie de coronavirus.
24 juin: La banque centrale argentine a déclaré que grâce à sa politique de crédit, le système financier avait fourni 325 milliards ARS (4,5 milliards de dollars) depuis le début de la pandémie. Les MPME ont reçu 264 milliards ARS sur 161 817 à des taux d'intérêt subventionnés.
25 juin: La banque centrale argentine a lancé de nouvelles lignes de crédit pour les PME avec un taux d'intérêt bonifié de 24%. La décision de la banque centrale ajoute 200 milliards ARS supplémentaires (2,8 milliards de dollars) de lignes de crédit aux entreprises.
26 juin: Le président Guzmán a signé avec le gouverneur de la province de Mendoza ARS1,9 milliard (27 millions de dollars) une aide économique pour aider la région à atténuer les effets du COVID-19. Le gouvernement central prévoit de fournir un total de 120 billions de ARS (1,7 milliard de dollars) en aide aux provinces du pays.
30 juin: Le ministère du développement productif prolonge jusqu'au 31 décembre la période de grâce pour les participants au programme AHORA 12, qui permet aux consommateurs participants d'acheter des produits par le biais de programmes de paiement échelonné.
7 juillet: L'Argentine prolonge la période de paiement de l'impôt sur le revenu jusqu'au 31 août pour atténuer les effets sur la crise des coronavirus.
7 juillet: L'Argentine a annoncé qu'elle investirait 4 milliards ARS (56 millions de dollars) dans le reste de 2020 pour réactiver la construction de projets de logement qui avaient été arrêtés en raison du contexte du coronavirus.
21 juillet: L'Argentine signe un accord de dette de 32 millions de dollars avec CABEI pour accroître la couverture de son système de santé.
22 juillet: Le gouvernement argentin lance un programme d'aide d'urgence pour la chaîne de production de poires et de pommes. Le programme prolonge la date limite de paiement du système de sécurité sociale entre juin et décembre 2020.
23 juillet: Le gouvernement argentin prolonge de 15 jours la période de dépôt des impôts fonciers et des gains en raison de la pandémie de coronavirus.
24 juillet: L'Argentine élargit son «programme d'aide à l'emploi et à la production» avec plus de prêts de 0% à 15% aux entreprises qui commencent à se réactiver, en fonction de leur facturation, quel que soit leur emplacement. Les secteurs les plus touchés – santé, tourisme, sports, divertissement et culture – continueront à bénéficier d'un soutien jusqu'en décembre avec des prêts à 0% et un délai de grâce d'un an.
4 août: L'Argentine reporte le paiement des droits d'exportation par les micro, petites et moyennes entreprises (MPME) au 30 septembre.
7 août: L'Argentine augmente la subvention pour les parents décédés de COVID-19 à 15 000 ARS à partir de 6 000 ARS et étend les paiements aux chômeurs et aux travailleurs informels.
20 août: L'Argentine redirige 3,5 milliards ARS (47,6 millions de dollars) du budget pour couvrir les soins de santé et d'autres coûts liés au COVID-19.
31 août: L'Argentine augmente de 7,5% la taille des transferts monétaires à la population vulnérable.
11 septembre: L'Argentine annonce une nouvelle ligne de crédit pour les PME travaillant dans le secteur culturel d'un montant de 750 millions ARS (9,96 millions USD) à un taux d'intérêt subventionné et avec une période de grâce d'un an.
15 septembre: Le gouvernement argentin prolonge le moratoire pour les entreprises aux «paiements régularisés» des impôts dus jusqu'au 31 octobre.
17 septembre: L'Argentine fixe des règles pour convertir les prêts bancaires en un taux bonifié. Les entreprises qui atteignent les objectifs d'emploi et de remboursement bénéficieront de la conversion.
17 septembre: La banque centrale argentine prolonge jusqu'au 31 décembre la période pendant laquelle les entités financières ne peuvent pas facturer des intérêts punitifs pour les paiements en souffrance. Elle a également prolongé la suspension des commissions pour les distributeurs automatiques de billets jusqu'à cette date.

Belize

17 juillet: Le Belize dit qu'il cherche le consentement des détenteurs d'obligations à échéance 2034 pour une capitalisation des paiements d'intérêts dus sur les obligations en août, novembre et février. "L'épidémie de COVID-19 a durement frappé l'économie du Belize. Le verrouillage a déjà conduit à une contraction de 4,5% du PIB au premier trimestre 2020 et la contraction au deuxième trimestre devrait être beaucoup plus forte", a déclaré le ministre des Finances Joseph Waight. .
10 août: Le Belize affirme que 82% des obligataires ont accepté de capitaliser les paiements d'intérêts dus en août, novembre et février.

Bolivie

Le 18 mars: La Bolivie s'étend jusqu'au 29 mai le délai de paiement de l'impôt sur le revenu par les contributeurs en raison de l'urgence sanitaire nationale.
24 mars: Fonplata accordé 200 000 dollars à la Bolivie pour du matériel et des fournitures médicales.
31 mars: Le ministère de la présidence annonce la création du Allocation familiale programme visant à atténuer l’impact du coronavirus. Les familles seront payées BOB500 (72 $) par enfant fréquentant la maternelle à l'enseignement secondaire.
31 mars: Le ministère de la présidence annonce Panier familial programme pour atténuer l'effet du coronavirus. Le programme paiera aux personnes vulnérables (personnes âgées et handicapées) un transfert en espèces ponctuel de 400 BOB (58 $).
8 avril: Le programme d'allocations familiales était élargi aux familles dont les enfants fréquentent des institutions privées et une éducation spéciale et alternative. Le programme devrait bénéficier 3,2 millions étudiants avec un investissement de 1,6 milliard de BOB (231 millions de dollars). Les paiements commencent le 15 avril.
14 avril: Le président de la Bolivie a annoncé la création d'un caisse universelle transfert qui devrait bénéficier à 4 millions d'adultes sur une période de trois mois avec des transferts mensuels de 500 BOB (72 USD) pour un investissement total de 2 milliards BOB (289 millions USD).
14 avril: Le Président de la Bolivie annonce la Programme d'atténuation financière. Au total, 782 000 PME bénéficieront de prêts de 5 ans. Le financement totalisera 1,5 milliard de BOB (217 millions de dollars).
14 avril: Le président de la Bolivie annonce la Plan d'urgence en matière d'emploi les entreprises recevront des prêts subventionnés de 18 mois équivalant à deux salaires minimums pour chaque travailleur employé. Les prêts ont une période de grâce de six mois.
17 avril: le FMI approuvé 327 millions de dollars en soutien d'urgence à la Bolivie pour lutter contre la pandémie de COVID-19.

17 avril: CAF approuvé Prêt de 50 millions de dollars pour l'urgence Covid-19 en Bolivie.

21 avril: Le ministère des finances créé un programme de soutien aux micro et petites entreprises comptant jusqu'à 10 travailleurs. Le taux d'intérêt est de 11,5% tandis que le taux non réglementé est de 24%. Le programme achemine 1,5 milliard de BOB (218 millions de dollars) à 720 000 petites entreprises.

Le 5 mai: Le programme universel de transfert d'argent commence. Au cours de la première semaine de mise en œuvre, les personnes âgées de 50 à 60 ans recevront le transfert. D'autres groupes d'âge seront ajoutés par phase sur une période de cinq semaines. Le programme devrait bénéficier à 4 millions de personnes pendant une période de trois mois. Le transfert par personne et par mois est de 500 BOB (72 $) par personne.

8 mai: Banque mondiale mise à disposition 170 millions de dollars pour la Bolivie pour accroître la capacité de son système de santé à répondre au COVID-19.
14 mai: La Banque mondiale approuvé 254 millions de dollars pour atténuer l'impact économique du Covid-19 sur les ménages boliviens.
28 mai: La Bolivie prolonge la période de paiement de l'impôt sur le revenu par les cotisants jusqu'au 31 juillet.

5 juin: La Bolivie a prolongé de trois mois la période pendant laquelle les entreprises et les particuliers doivent payer des dettes inférieures à 1 million de BOB (144 650 $).

16 juin: Le comité de planification du Congrès a rejeté le prêt de 327 millions de dollars du FMI pour combattre le COVID-19. Le ministère des Finances a déclaré que le prêt, approuvé par le FMI le 17 avril, ne nécessitait pas l'approbation de la commission et que l'argent était déjà en Bolivie. Il s'agit d'un prêt de cinq ans avec 1% d'intérêt.
24 juin: La présidente bolivienne Jeanine Añez a présenté le plan de réactivation de l'emploi de l'administration qui sera financé par quatre fonds. Un total de 12 milliards de dollars proviendra de FORE; un autre 5,1 milliards de BOB (752 millions de dollars) proviendra de Fogasec, FA-BDP et Fogaviss.
25 juin: La banque centrale bolivienne a annoncé qu'elle avait décidé de diminuer la réserve légale des banques pour augmenter la liquidité afin d'aider à réactiver «l'appareil productif» du pays.
14 juillet: Le ministère des Finances a annoncé que le gouvernement avait décaissé 279 millions de BOL (40,5 millions) du fonds de soutien COVID-19 pour aider les municipalités à lutter contre la pandémie.
15 juillet: La Bolivie a lancé un "programme d'emploi intensif" avec un investissement de 100 millions de BOL (14 millions de dollars). Les fonds seront utilisés pour créer des emplois temporaires. Ils seront exécutés par le ministère des travaux publics et les administrations municipales.
16 juillet: La Bolivie a lancé un programme de crédit, «Crédito 1,2,3», offrant des prêts à faible taux d'intérêt à 3% aux particuliers et aux entreprises. Un fonds de 120 milliards de BOL (17 millions de dollars) a été créé pour financer le programme.
17 juillet: Le gouvernement bolivien a transféré 279 millions de BOB (40,5 millions de dollars) aux administrations municipales pour les aider à lutter contre la crise du COVID-19. Le président Jeanine Añez a également publié une norme qui permettra au gouvernement central de fournir un soutien aux entités territoriales autonomes dans le contrôle de la pandémie.
19 juillet: Le président Añez de la Bolivie a annoncé que trois millions de personnes recevraient ce jour-là un transfert direct («Bono de Salud» ou Health Bonus) pour 500 Bs (72,3 $).
23 juillet: La Banque interaméricaine de développement prête 130 millions de dollars à la Bolivie pour aider les MPME à endurer l'impact de la pandémie de coronavirus.
1 août: L'administration de la sécurité sociale bolivienne a annoncé qu'elle verserait à l'avance la prime de Noël des affiliés, entre le 3 août et le 31 septembre. La mesure a été autorisée par décret du 31 juillet.

Brésil

Le 18 mars: La banque centrale du Brésil a abaissé le taux de référence Selic de 50 points de base à un niveau record de 3,75%.

23 mars: La banque centrale et la banque nationale de développement BNDES ont annoncé un paquet de 234 milliards de dollars pour augmenter la liquidité disponible pour les banques, dans ce que Roberto Campos Neto, le chef de la banque centrale, a appelé "la plus grande injection de liquidités jamais annoncée par la banque centrale".

25 mars: Le Brésil a présenté un programme de dépenses de 24 milliards de dollars pour fournir des soins de santé et compléter la perte de revenu des travailleurs informels.

29 mars: La BNDES a annoncé que j'injecterais des capitaux dans les compagnies aériennes, ajoutant 40 milliards de BRL (7,7 milliards de dollars) au financement de la masse salariale pour aider jusqu'à 1,4 million d'entreprises, ainsi que 2 milliards de BRL de crédit pour l'équipement médical et 97 milliards de BRL dans les entreprises de soutien.

2 Avril: La banque centrale a annoncé qu'elle offrirait une ligne de crédit temporaire spéciale pour aider les banques à gérer la demande accrue de crédit. Le montant estimé des garanties dans ces portefeuilles de crédit pourrait atteindre 650 milliards de BRL.

8 avril: La banque nationale de développement BNDES a annoncé une nouvelle ligne de crédit de 40 milliards de BRS pour aider jusqu'à 1,4 million de petites entreprises à payer leurs employés.

9 avril: La banque centrale a déclaré qu'elle pourrait acheter jusqu'à 1000 milliards de BRL (198,78 milliards de dollars) d'actifs du secteur privé pour augmenter la liquidité et augmenter la disponibilité du crédit pour les entreprises touchées par le COVID-19. Les actifs pouvant être achetés dans le cadre du programme comprennent les débentures, les notes de crédit immobilières (CCI), les certificats de créances immobilières (CRI), les certificats de créances agricoles (CRA), les billets commerciaux, les notes de crédit bancaires (CCB) et les fonds de droits de crédit.

13 avril: La chambre des députés brésilienne a approuvé une aide financière de 80 milliards de BRL (15,5 milliards de dollars) aux gouvernements des villes et des États pour compenser la perte de recettes fiscales pendant la pandémie de coronavirus.

15 avril: Le secrétaire au Trésor du Brésil, Mansueto Facundo de Almeida, a déclaré que le déficit budgétaire pourrait atteindre 600 milliards de BRL (114,5 milliards de dollars) et la dette nationale jusqu'à 90% du PIB grâce aux efforts de lutte contre la pandémie COVID-19.

15 avril: Le ministère de l'Économie a annoncé qu'en raison de l'urgence du COVID-19, le gouvernement fédéral du Brésil avait simplifié les procédures pour faciliter l'approbation et le décaissement des ressources des banques de développement pour les projets et programmes du secteur public.

15 avril: Le gouvernement fédéral a établi de nouvelles règles d'approvisionnement temporaires pour faciliter l'acquisition de fournitures médicales pendant la pandémie.

17 avril: Le gouvernement annonce que tous les produits importés par voie aérienne ou postale pour lutter contre la pandémie d'une valeur allant jusqu'à 10 000 $ ne paieront pas de taxes à l'importation avant le 30 septembre. Une liste de 141 produits pour lutter contre la pandémie étaient également hors taxes à l'importation.

17 avril: Le ministère de l'Économie a déclaré que les mesures de lutte contre le coronavirus s'élevaient à 1,169 billion de BRL (220 milliards de dollars). Sur ce total, 212 milliards de BRL sont destinés aux familles vulnérables, 133 milliards de BFL pour aider les États et les municipalités, 24,3 milliards de BRL pour acheter des fournitures médicales et 524,4 milliards de BRL pour garantir la trésorerie et l'emploi dans les entreprises.

20 avril: La banque d'épargne publique Caixa Econômica Federal et l'association des petites entreprises Sebrae ont annoncé lundi une nouvelle ligne de crédit pour les petites entreprises au Brésil.

27 avril: Le gouvernement brésilien a suspendu jusqu'au 30 septembre un ensemble d'exigences imposées aux entreprises pour contracter des opérations de crédit avec des institutions publiques. L'objectif est d'accélérer les processus pendant la crise des coronavirus.

28 avril: Brésil annoncé il avait investi 1 milliard de BRL (185 millions de dollars) pour acheter des fournitures et du matériel de santé pour lutter contre le COVID-19.

30 avril: Gouvernement fédéral annonce des tarifs nuls sur les importations de 81 produits pour lutter contre le COVID-19.

4 mai: Emploi et préservation du revenu programme est mis en œuvre. Les employés seront payés au prorata de la réduction des heures de travail ou de la suspension temporaire du contrat de travail; les travailleurs horaires ou indépendants percevront la prestation conformément à leur inscription au système de sécurité sociale.

Le 6 mai: Brésil Banque centrale réduire l'intérêt de Selic de référence taux de 75 points de base à un niveau record de 3%, indique plus à venir.

Le 6 mai: Le Sénat brésilien a approuvé un programme d'aide COVID-19 de 60 milliards de BRL (10,5 milliards de dollars) aux villes et aux États pour les aider à financer des programmes de protection sociale menacés par la perte de revenus d'une économie en déclin. Bill a besoin de la signature du président Jair Bosonaro.

7 mai: Président Bolsonaro signe dans la loi 2 milliards de BRL (343 millions de dollars) d'aide fédérale aux hôpitaux à but non lucratif et aux «santas casas» à utiliser dans des actions de lutte contre le COVID-19.

8 mai: le liste de produits qui peuvent être importés sans paiement tarifaire est élargi.

11 mai: Le gouvernement du Brésil se développe un régime d'approvisionnement différencié pour accroître l'efficacité des marchés publics pendant la pandémie.

12 mai: Ministère des finances étend période d'ajournement des taxes dues en mai, juin et juillet.

18 mai: Le gouvernement fédéral brésilien identifie 509 produits libre de taxe à l'importation. Parmi ceux-ci, 118 sont utilisés pour lutter contre le COVID-19 et sont désormais exempts de taxe à l'importation, dont plus de 80 médicaments.
20 mai: Le sénat du Brésil autorisé le gouvernement du Paraná à prendre une lona de 50 millions de dollars de la Banque interaméricaine de développement.
Le 21 mai: L'administration de la sécurité sociale a déclaré qu'elle verserait des transferts en espèces aux retraités dans le cadre d'un ensemble de mesures visant à lutter contre les effets du coronavirus. Dans tout le pays, 35,8 millions de personnes bénéficieront d'un paiement de 13 mois. Grâce à ce mécanisme, le système de sécurité sociale injectera 51,5 milliards de BRL (12,9 milliards de dollars) dans l’économie pour lutter contre les effets de la pandémie.
22 mai: Le gouvernement brésilien déclare que l'effort budgétaire du pays pour lutter contre le coronavirus a atteint 5,6% du PIB.
26 mai: Le ministère des Finances autorise les sous-traitance de 5158 professionnels pour lutter contre le COVID-19.

27 mai: Le président brésilien Jair Bolsonaro a émis une mesure provisoire accordant une ligne de crédit d'urgence de 15,9 milliards de BRL (3,01 milliards de dollars) aux micro et petites entreprises.

28 mai: Le président du Brésil signe dans la loi un projet de loi 60 milliards de BRL (11 milliards de dollars) Programme d'aide COVID-19 aux villes et aux États pour les aider à financer des programmes de protection sociale menacés par la perte de revenus d'une économie en déclin.
29 mai: Conseil monétaire national du Brésil étend les restrictions pour les banques, institutions financières et autres institutions faisant affaire avec la banque centrale sur les augmentations des paiements de dividendes, les salaires des cadres supérieurs, le rachat d'actions et la réduction du capital social jusqu'à fin décembre. Les restrictions établies en vertu de la résolution 4.797 devaient initialement expirer en septembre.
2 juin: Gouvernement fédéral brésilien et banque de développement BNDES lancer des garanties d'urgence pour garantir l'accès au crédit pour les PME. Au total, 5 milliards de BRL (962 millions de dollars) ont été alloués au programme.

5 juin: La BNDES lance une ligne de crédit supplémentaire de 2 milliards de BRL en réaction à la pandémie COVID-19 afin de fournir un fonds de roulement aux petites et moyennes entreprises qui agissent en tant que fournisseurs, distributeurs, franchisés et intermédiaires pour d'autres entreprises.

8 juin: La banque nationale de développement brésilienne BNDES a annoncé la suspension jusqu'en décembre tous les paiements liés au financement pris par les États, les municipalités et le district fédéral.

9 juin: Le Brésil a annoncé que les entreprises ayant conclu un contrat avec l'État pourront payer des amendes par tranches. La mesure a été prise pour préserver l'activité économique pendant la pandémie.

10 juin: L'agence du revenu interne du Brésil suspend les paiements automatiques de taxes pour les mois de mai, juin et juillet et prolonge la période de paiement pour août, octobre et décembre, en raison du COVID-19.

17 juin: La banque centrale brésilienne décide à l'unanimité d'abaisser le taux d'intérêt de référence Selic de 75 points de base à 2,25% dans le but de soutenir l'économie souffrant des effets de la pandémie COVID-19.

18 juin: Six municipalités brésiliennes obtiennent un Subvention de 450000 $ de Fonplata pour combattre le COVID-19.
18 juin: Brésil diffère pendant 60 jours supplémentaires, la période pendant laquelle les bénéficiaires la sécurité sociale doit se conformer à des exigences, telles que les certificats de vie, en raison de l'urgence COVID-19.
23 juin: La banque centrale du Brésil dévoile de nouveaux programmes pour soutenir les petites et moyennes entreprises. Un programme vise à libérer 55,8 milliards de BRL (11 milliards de dollars) en réduisant les réserves obligatoires pour les banques assurant le service de prêts aux petites et micro-entreprises. Programme destiné aux entreprises avec un chiffre d'affaires annuel de 50 millions de BRL. Une série de plans dévoilés par la banque consiste à permettre aux entreprises d'utiliser des biens immobiliers comme garantie pour des prêts qui pourraient fournir un nouveau crédit estimé à 60 milliards de BRL. La banque a également annoncé qu'elle commencerait à acheter des obligations du secteur privé sur le marché secondaire. Les obligations non convertibles avec une notation de crédit de BB- ou plus et ayant une échéance d'au moins un an seront éligibles.
13 juillet: Branco do Brasil attribue une aide financière de 15,038 milliards de BRL aux gouvernements infranationaux. Il s’agit de la deuxième tranche d’aide. La première a été payée le 9 juin. La troisième version aura lieu le 12 août et la quatrième le 11 septembre.
13 juillet: Le service des recettes internes du Brésil a prolongé de 30 jours le délai accordé aux entreprises pour obtenir des certificats de paiement d'obligations fiscales pour participer aux appels d'offres publics et obtenir un financement du secteur public. L'annonce indique que les entreprises ont besoin de temps pour se réactiver.
14 juillet: Brazil extends for an additional 60 days worker furloughs as well as temporary reductions of furloughed worker wages. The measure brings the period up to 120 days.
July 16: Brazil extends to September 30 the deadline for companies to file the tax accounting (Contabilidad Fiscal) as an attenuating measure in the context of COVID-19. The previous deadline was July 31.
July 20: Brazil's social security system recommends a reduction from three months to 30 days the period for retirees and pensioners to unlock and have access to payroll-deductible loans. It also increased the grace period for the first installment to 90 days. The new rule will apply until December 31, when the state of public calamity due to the pandemic is expected to end.

July 20: Brazil's central bank regulates that at least 80% of the Working Capital Program for the Preservation of Companies (CGPE) credit line must be provided to companies with revenues below BRL100 million per year.

July 20: Brazil's development bank BNDES approved a BRL1 billion credit limit for the regional development bank BRDE for the second half of 2020. The credit limit is 45% higher than the first half of the year and will be used to finance investment projects in the three southern states and them help mitigate the social and economic impact of the COVID-19.

20 July: BNDES and regional development bank BRDE launch a BRL400 million emergency credit line to help audiovisual producers, distributors and exhibitors impacted by COVID-19. The line will be used to preserve jobs and was prepared in conjunction with the National Cinema Agency ANCINE.

July 21: Brazil gets $1 billion in emergency funding for COVID-19 from the New Development Bank.
July 27: The Brazilian social security system temporarily waives proof of life from beneficiaries aged 60 and over to protect them during the pandemic.
August 5: Due to COVID-19, Brazil extends until December 31 the deadline for employers to inform the ministry of the economy any change in voluntary agreements between employers and employees.
August 5: Brazil's central bank cuts benchmark Selic interest rate by 25 bps to record-low 2% in effort to boost pandemic-scarred economy. In a statement, the country's monetary policy commission said "the COVID-19 pandemic keeps causing the largest economic downturn since the Great Depression."
August 14: Brazil extends until the end of October the deadline for financial institutions to e-file "transactions of interest" which were due at the end of August due to difficulties during the pandemic.
August 26: Brazil's external financing commission, or Cofiex, directs $959 million in funding from multilateral lenders to four projects to mitigate the effects of COVID-19 in cities in the states of Minas Gerais and Santa Catarina.
August 31: Brazil increases the amount that members of the social security system can borrow from payroll loans to 40% of income from 35% of income. The measure is expected to help 11.3 million pensioners.
September 4: Due to the pandemic, Brazil's tax authority suspended administrative procedures against individual taxpayers and small business who default on their tax payments until September 30.
September 8: the Brazil's Government Severance Indemnity Fund (FGTS) temporarily suspended payments of loans from low income housing construction companies in order to mitigate the effects of the coronavirus pandemic. The suspension is limited to BRL3 billion ($563 million) and companies are expected to refund the fund in January.
September 16: Brazil's monetary policy committee decided unanimously to maintain the benchmark (Selic) rate at 2%, saying that it "believes that the current economic conditions continue to recommend an unusually strong monetary stimulus."

September 24: The Inter-American Development Bank (IDB) said Thursday that it granted a $750 million loan for Brazil's national development bank BNDES to provide financing to micro-, small and medium-sized enterprises (MSMEs) that have been hit by the COVID-19 pandemic.

Chile

Chile's securities regulator issues updates here on measures taken combat COVID-19 pandemic.

March 16: Chile's central bank decreased interest rates by 75 basis points to 1%.

March 19: President Sebastian Piñera announced a $11.7 billion stimulus package, spending the equivalent to 4.7% of GDP, and introduced it in Chilean congress on March 23.

March 23: The central bank announced the creation of a conditional credit facility (FCIC) providing a special financial line to banks, with incentives for refinancing loans to homes and companies. On Thursday, the bank approved the norms that regulate this facility and announced the activation of a liquidity credit line (LCL). The two credit lines are for up to 3% of the banks’ commercial and consumer portfolio.

March 27: Congress approves a law to provide cash transfers to families. The program includes families that are already receiving subsidies and adds another 670 thousand low income homes to the program. The measure is expected to benefit 2 million homes that do not have formal jobs. The estimated cost is $170 million.

March 27: Chile's congress approved raising debt shelf by $4 billion to help finance the government's emergency plan to fight COVID-19.

March 31: Congress approves a law to protect employment as part of an emergency economic plan to face the pandemic.

March 31: The central bank decreased interest rates by 50 basis points to 0.5%.

April 8: Piñera announced the creation of a $2 billion fund to distribute more resources and create more employment in low-income sectors. The program is expected to benefit 2.6 million workers in the informal sector.

April 8: Piñera and the central bank announced the creation of a government-guaranteed $24 billion credit line for small businesses and entrepreneurs.

April 8: The central bank offered liquidity lines to non-banking financial institutions.

April 13: Piñera announced the terms for government-guaranteed loans to SMEs. The amounts will be equivalent of three months of sales; the loans will last 24 to 48 months with a six-month grace period; and the maximum interest rates will be 300 basis points over the benchmark rate. All companies with less than UF25,000 ($852,960) in annual sales are eligible for the program.

April 20: Piñera announced an emergency COVID-19 family income initiative that will benefit 4.5 million individuals in 1.8 million homes. The emergency income will be handed out for three months. The cost of the program was not announced, but it is part of a $17 billion dollar package to protect employment, SMEs, and family income, and to finance temporary tax credits.

April 21: Chile's central bank take "exceptional measures" in reaction to the impact of internal and external shocks to the Chilean economy. The measure include injections of liquidity, interventions in the foreign exchange market, FX swaps and liquidity lines with credit incentives.

April 27: The Finance Ministry presented Compra Ágil, a program whose purpose is to facilitate the participation of SMEs as government contractors. The program will be applied to all acquisitions for values below CLP1.5 million ($1,773), which represent 80% of all central government acquisitions.

April 28: Piñera announced the launching of a $3 billion guarantee fund for small entrepreneurs by BancoEstado. The program will offer guarantees for up to $24 billion dollars and will benefit 99.8% of companies in the country and protect 84% of employment.

April 29: Pinera signs into law a bill to protect 1.2 million independent workers, putting in place a new income protection insurance system that will benefit self-employed individuals whose incomes fall by at least 20%.

May 4: Piñera announced one-time cash payment to alleviate financial stresses on more than 1 million pensioners. CLP87 billion ($104 million) is allocated for this program.

May 5: Chile issued $2 billion worth of debt in both US dollars and euros to help it fight against the economic ructions caused by the COVID-19 pandemic. In January the government said it had completed its 2020 financing plans after a massive $3.8 billion green bond issuance.

May 7: Piñera announced the injection of $290 million to municipalities to fight COVID-19.

May 12: Chile's central bank requested a $23.8 billion line of credit with the IMF.

May 13: Chile's central bank said it intended to extend its services to various types of nonbank financial institutions "to enable it to more closely manage and mitigate financial stability risks."

May 18: Piñera announces "Food for Chile" program that will secure food for 2.5 million homes during the pandemic.

May 26: Finance Ministry announces that it will be evaluating the advisability or appropriateness of contributing to the reorganization process of LATAM. The airline filed that day for a Chapter 11 reorganization process under the supervision of a United States court of law.
May 29: The IMF approves a two-year, $23.9 billion flexible credit line because, notwithstanding very strong fundamentals and policy settings, Chile is exposed to "substantial external risks as a result of the ongoing COVID-19 outbreak, including a significant deterioration in global demand for Chilean exports, a sharp decline or reversal of capital inflows toward emerging markets, and an abrupt tightening of global financial conditions.
June 16: Chile's central bank decided to keep the benchmark interest rates at 0.50%. It also agreed to increase the scope of non-conventional measures to support liquidity and credit. These include: 1) a conditional credit facility for increased placements for a total of $16 billion for a period of eight months; 2) a special asset purchasing program for up to $8 billion over a six month period.
June 24: President Piñera of Chile launches initiative urging international financial institutions to take further measures to help countries in Latin America and the Caribbean, regardless of their income levels. The proposed measures include, among others, more concessional loans.
June 24: The central bank of Chile announced that the New York Federal Reserve had accepted its request to participate in the Temporary Foreign and International Monetary Authorities (FIMA) Repo Facility. This  facility was established by the FRB to help the economy weather the financial crisis precipitated by COVID-19, including its effects on global U.S. dollar funding markets.
July 5: President Piñera announced an emergency protection plan for the middle class covering housing, education and finances.  The program includes postponement of mortgage payments with government guarantees, subsidized bank loans and an expansion of subsidies for rentals and higher education loans. The program will cost $1.5 billion.
July 15: President of Chile presents measures to support the middle class during the coronavirus pandemic. These include a CLP500,000 ($639) cash transfer to all middle class workers with formal income making between CLP500,000 and CLP1.5 million a month. Measures also include subsidized loans, mortgage payment relief, extensions to property tax payments on homes, and student loan payment relief.
July 15: Congress approved bill to allow individuals to withdraw up to 10% of holdings from private pension funds, as an exceptional measure during the crisis. The bill now goes to the senate.
July 21: President Piñera announced he was transferring $120 million to municipalities to help them fight the coronavirus pandemic.

August 11: The Finance Ministry says the government will complete 1 million cash transfers through the weekend with money for people who had earned more than CLP400,000 ($503.00) per month but saw their salaries fall by more than 30% during the pandemic.

August 12: The Chamber of Deputies passes a bill to suspend student debt payments during the pandemic.
August 18: The Senate and the Chamber of Deputies agree to lower taxes temporarily for micro- and small businesses and extend the period for companies to pay value added tax to three months.
September 1: Congress passes a bill to make it easier temporarily to qualify for unemployment insurance.

September 3: Chile's house of representatives approves bills to punish all who "increase prices and commercialize goods destined for free distribution during states of catastrophe, health alerts and other similar emergencies."

Colombie

March 23: Colombia's central bank announced measures of quantitative easing; a first time in the region with this type of measure.

March 23: The Finance Ministry announced the creation of an emergencies mitigation fund (FOME). Days before it committed $2.98 billion for the fund.

March 24: Colombia announced a subsidized loan program through state-backed agency Findeter and government-owned lender Bancóldex to finance project and initiatives that try to impede the spread of the disease.

March 27: The central bank cut the benchmark interest rate half a percentage point to 3.75%. That same day, the bank announced a $400 million auction of FX swaps to be held on March 30 and authorized additional measures to reinforce liquidity in pesos.

April 3: Finance Minister Alberto Carrasquilla said the government was allocating COP15 trillion ($3.7 billion) from the country's savings funds (FAE and Fonpet) to tend to the "sanitary, productive and humanitarian emergency," adding that issuing new debt would be inevitable.

April 6: State-backed development bank Findeter launched a COP713 billion credit line to underpin private companies and municipal and state governments affected by COVID-19. Of these, COP461 billion were allocated as 7-year loans with a 2-year grace period for working capital needs. Another COP252 billion were allocated to 12-year loans with a 2-year grace period for investment needs. Beneficiaries were given access to these loans through financial intermediaries whose interest rates were capped at 2% above Findeter’s interest rates.

April 6: The Finance Ministry announced the creation of a new COP12 trillion special guarantees program to mitigate the impact of COVID-19 on the business sector. Through this program, the government will guarantee small business loans serving liquidity requirements to pay for personnel and fixed costs.

April 7: The Finance Ministry announced a program of cash transfers for 3 million households that are not in the regular cash transfer programs. Each household will receive COP160,000 in the month of April.

April 9: The IMF executive board met in an informal session to discuss Colombia's request to renew its Flexible Credit Line (FCL) with the same level of access as the 2018 arrangement for $10.8 billion in special drawing rights (SDRs).

April 9: Colombia announced the suspension of tariffs on corn, sorghum and soy until June 30 to decrease the cost of production in the agricultural sector.

April 13: The Finance Ministry announces a measure to recover the COP10 trillion ($2.58 billion) in lost tax income from the coronavirus outbreak.

April 14: The central bank cut bank reserve requirements by $2.3 billion, starting April 22. Savings and checking accounts now require reserves of 8%, down from 11%. Fixed-term savings accounts of 180 days reserve requirement cut to 3.5% from $4.5%. Bank to purchase up to 2 trillion worth of TES Treasury bonds by end of April, will participate in TES forward market in bid to inject liquidity into the economy.

April 15: President Iván Duque decreed that all banks in Colombia are required to buy “solidarity bonds” from the government to raise money for the recently created Emergencies Mitigation Fund, or FOME.

April 16: The government levied a “solidarity tax” on public employees making more than COP10 million ($2,515) per month.

April 16: The Finance Ministry said the National Guarantees Fund, or FNG, will provide guarantees for loans held by SMEs and microenterprises to cover working capital and payroll costs.

April 27: The ministry of finance swapped COP1.5 trillion ($369 million) worth of 2020 bonds for bonds maturing in 2027 and 2037 to decrease financial volatility.

April 29: Colombian development bank Findeter opened a working capital line of credit for utility companies at 0% interest so that they can defer for 36 months payments from low income clients during the pandemic. Utility companies will have three years to pay back, with a three month grace period.

April 30: Colombia's central bank announced it had lowered to 3.25% from 3.75% its policy interest rate.

April 30: Colombie development bank Findeter announced a COP500 billion ($126 million) credit line to alleviate working capital needs of state and local governments.

May 1: les IMF approved a $10.8 billion flexible credit line for Colombia to help mitigate the effects of the coronavirus pandemic.

May 6: Customs authority invites 27,247 tax payers to benefit from tariff reductions for a total value of COP1.2 trillion ($302 million) in response to the economic emergency.

May 7: Government declares a second economic emergency to continue mitigating the effects of the pandemic. The government will subsidize 40% of minimum salary and 20% of receipts for companies. The subsidy will have a cost of COP2 trillion ($507 million) per month, and a total of COP6 trillion over a period of three months.

May 11: Finance Ministry announces new measures to increase liquidity, decreasing margins for market makers to 30 basis points from 50 basis points for peso-denominated treasures bonds, and to 40 basis points from 50 basis points for UVR-denominated treasury bonds.

May 11: Duque creates a program to support formal employment. The program will subsidize 40% of minimum wage equivalent of dependent worker's salaries whose income has decreased by 20% or more.

May 21: Duque announces that he would be leading the drafting of a Letter for Business Development that the OAS was formulating to prepare to fight the effects of the coronavirus pandemic in the region.
May 21: Colombia creates a COP1 trillion ($265 million) line of credit through the National Guarantees Fund to support the liquidity needs of microenterprises.
May 26: Central bank announces that the government will be issuing solidarity bonds on May 28 with the central bank acting as bookrunner. Local banks will be requested to purchase them.
May 27: Colombian government announced that it has invested 10% of GDP to combat the economic emergency created by COVID-19.
May 29: Central bank cuts benchmark interest rate to 2.75% from 3.25%.
June 3: Colombia decrees the creation of a two-year special regime to facilitate the reorganization of insolvent SMEs.
June 19: IDB approves $850 million loan for Colombia for a project that promotes innovation, entrepreneurship and business productivity, to help recuperate the country from the impact of COVID-19.
July 17: Government of Colombia issued COP9.7 trillion ($2.7 billion) worth of solidarity bonds in the local market. The funds will finance the fund for COVID-19 emergency mitigation – FOME.

July 31: Colombia's central bank cut benchmark interest rates by 25 basis points to 2.25% in part to counter the negative impact of the COVID-19 pandemic on the economy. The bank has slashed interest rates by 200 basis points since March as the economy has been locked down and low oil prices cut into a main source of revenue.

August 20: Duque says a COP100 trillion ($26.3 billion) investment program will create a million jobs as the country recovers from the COVID0-19 pandemic.
August 29: The Duque administration agrees to lend $370 million to local airline Avianca through the FOME emergency fund.
September 18: Colombian president Iván Duque announced that 100,000 subsidized mortgage loans of up to COP438 million ($118 million) would be available until December 2022. To be elegible, Colombians must select a homes whose price is below 500 minimum wages.
September 21: President of Colombia announced that he planned to exempt the tourism sector from value added tax for an indefinite period that would possibly include all of 2021. In June, the president had decreed an exemption until December 31.
September 25: The IMF increased the size of Colombia's flexible credit line by SDR4.4174 billion to SRD12.267 (about $17.2 billion), saying that the decision was made "against a backdrop of higher external risks and a larger than expected adverse impact from COVID-19 pandemic."

Costa Rica

March 25: CABEI authorized $90 million for Costa Rica's state-owned banks to support productive sectors during the corovavirus pandemic.
March 27: Government of Costa Rica proposed before congress to invest  CRC100 billion ($172 million) to help 375,000 families affected by COVID-19 with direct transfers for a period of three months.

April 29, The IMF approved Costa Rica's request for $504 million in emergency financial assistance to help support essential COVID-19 related health spending and relief measures.

May 15: Costa Rica joins the OECD as its 38th member. As part of its accession process, Costa Rica completed in-depth technical reviews by 22 OECD Committees, carrying out reforms to align its legislation, policies and practices to OECD standards.
June 17: Central Bank of Costa Rica decreased the policy interest rate by 50 basis points to 0.75%. The objective of the measure is to mitigate the effects of the coronavirus.
June 26: World Bank approved a $300 million loan to support Costa Rica's government program to protect people's income and jobs from the impact of COVID-19 and to lay out the foundations for low-carbon post pandemic recovery.
July 14: Costa Rica extended for one week the period to file income taxes, citing the effects of the coronavirus on the internal revenue service administration.

Dominica

May 26: Dominica announces 1% interest loans to small businesses to help in their reactivation after the coronavirus closedown. The government has allocated XCD5 million ($1.9 million) worth of local resources to this project. With the partnership of World Band and IFM, income support and small loans facility funds total XCD20.7 million.

June 30: The World Bank lends $16.4 million to Dominica. The financing approved includes $12.8 million for the disaster vulnerability reduction projects, and $3.6 million for the Dominica emergency agricultural livelihoods and climate resilience project.

Dominican Republic

March 16: The central bank decreased interest rates by 100 basis points, to 3.5% from 4.5%.

March 27: The Finance Ministry announced it would allocate RD32 billion($591 million) to a package to protect the population's health, preserve employment, protect companies during the pandemic.

March 30: The government announced it would be using $150 million from an existing contract with the World Band to tend to needs of the Dominican populated affected by the coronavirus.

March 26: As a measure to mitigate the effects of COVID-19, the central bank increased liquidity facilities to RD$50 billion from RD$30 billion through 90-day repos at a 5% interest rate; it also decreased reserve requirements for banks, and increased liquidity facilities in foreign currency to $400 million from $300 million.

April 2: The government announced that it would begin to transfer cash to low income families staying at home during the pandemic. The payments program is due to start April 3 and is expected to benefit 1.5 million families at a cost of RD$17 billion ($314 million).

April 2: Following a request from the government of the Dominican Republic, the World Bank released $150 million to support the country's efforts to implement emergency measures to contain the spread of COVID-19.

April 6: The Finance Ministry announced the implementation of a cash transfer program for 295,180 formal workers in the private sector. A total of DOP1.2 billion ($22.2 million) have been allocated to this program.

April 14: The Finance Ministry announced that it was preparing a set of measures to reactivate the Dominican economy once the country got past the pandemic. The plan is being developed in collaboration with the IMF, the US Federal Reserve and the Bank for International Settlements.

April 23: Dominican Republic central bank announced: 1) decrease of policy interest rate to 3.5% from 4.5%; 2) decrease of repo interest rate to 4.5% from 6%; 3) decrease of overnight rate to 3.5% from 3%; 4) liquidity window for SMEs for RD20.6 billion ($379 million).

April 28: The ministry of finance announced that it is evaluating the mechanisms to create a guaranteed funding program for SMEs.

April 29: the IMF approved $650 million in emergency assistance to the Dominican Republic to address the COVID-19 pandemic through the IMF's rapid financing instrument.

May 12: The Dominican Association of Pension Funds (ADFP) acquired RD$40 billion ($726 million) worth of Treasury bonds to be used to  fight the impact of COVID-19 on workers and the most vulnerable.

May 21: Dominican Republic gets €20 million from the French Development Agency (AFD) for a sustainable socioeconomic project in the country's northern region. AFD said the project will help the country reactivate and be resilient after COVID-19.

July 13: Dominican ministry of finance announces that it will begin accrediting RD2.7 billion ($47 million) to the accounts of 858,101 private sector employees working in 51 thousand companies.

July 14: The Dominican Republic's central bank announced that due to COVID-19 it will be expanding non-deliverable forward (NDF) operations in the foreign exchange market to cover foreign investors with positions in local bonds denominated in Dominican pesos. The objective of the measure is to mitigate the impact of COVID-19 on the Dominican economy.

August 31: Central bank cuts the benchmark interest rate by 50 basis points to 3% due to the impact of COVID-19 on the economy and despite projections of rising inflation.

Ecuador

March 20: Ecuador's ministry of economic inclusion began to implement the distribution of "food kits" to the country's vulnerable population.
March 21: The Government of Ecuador annoncé that all families with incomes below $400 a month would receive a one-time $120 dollar cash transfer to help them through the health emergency. A total of 400,000 families are expected to benefit from the measure.

March 23: The IMF announced: 1) that Ecuador intended to seek support from the funds rapid financing instrument to address balance of payment needs and address needs of sectors most affected by COVID-19; 2) that the IMF was working with Ecuador on a successor fund-supported arrangement building on the current one.

March 31: The Finance Ministry required utility companies not to suspend service in situations of delinquency due to the COVID-19 emergency.

April 1: The Finance Ministry announced that the most affected sectors – tourism, airlines, agricultural exporters, exporters of goods and tax payers in Galápagos – would be able to differ income and value added tax payments due in April, May and June. Companies with revenues of up to $300,000 in 2019 will also benefit from this tax deferment.

April 2: The Finance Ministry announced that all individuals and SMEs could differ payments for 60 days at no additional cost and without interest, expenses or fines. Borrowers will also be able request refinancing or restructuring of debts within 120 days of the announcement.

April 3: CAF donates $400,000 to Ecuador to fight COVID-19.

April 8: The Finance Ministry asked investors to accept deferred interest payments on more than $800 million in bonds until August 15.

April 14: The government announced that it had amended the consent solicitation seeking relief from short-term financial obligations in response to "constructive input from a group of institutional investors."
April 16: The Inter-American Development Bank annoncé it disbursed $25.3 million to Ecuador to strengthen its response to COVID-19.
April 20: President Moreno announced that the country was launching an intensive diplomatic campaign among Ecuador’s principal partners to get “support with more resources.” “Ecuador is facing the most critical moment in its history,” he said.​

May 7: Ecuador gets $500 million loan from the World Bank to strengthen its COVID-19 response and stimulate the economy plus a $6 million grant to help Venezuelan refugees.

May 8: The Latin American Development Bank (CAF) approved $400 million in loans for Ecuador.

May 12: Ecuador gets a $93.8 million loan from the Inter-American Bank (IDB) to support micro and small businesses and employment during COVID-19 crisis.

May 14: The Government of Ecuador annoncé the implementation of the second phase of the emergency cash transfer program for low income families created by decree on March 21, adding 150,000 families to the program for a total of 550,000 families. All families with incomes below $400 a month would receive a one-time $120 dollar cash transfer to help them through the health emergency.

May 16: Ecuador's national assembly approves a new public finance law seeking to assure fiscal sustainability.

May 19: The Inter-American Development Bank approves a $250 million loan to Ecuador to improve detection of the COVID-19 pathogen. Cette is the second in a $700 million COVID-19 lending program premier announced by IDB on April 16.

May 20: The presidency of Ecuador decrees the closing of eight public enterprises and the suppression of two public agencies. With this measure, the government plans to save $4 billion dollars.
June 5: Inter-American Development Bank approved $280 million loan to Ecuador to support transformation of its energy grid and promote access from renewable sources.
August 28: Ecuador and IMF reach an agreement on a new $6.5 billion extended fund facility. The IMF said that during its discussions with Ecuador it considered "a confluence of shocks, including the COVID-19 pandemic and the sharp slump in oil prices, which is expected to lead to a record decline in economic activity."
September 30: IMF lends $6.5 billion to Ecuador. "The program aims to protect lives and livelihoods in the wake of the COVID-19 pandemic and continue to support efforts to stabilize the economy," the IMF said.

El Salvador

March 26: El Salvador's legislative assembly authorized the government to issue additional debt for up to $2 billion to help fight the effects of the coronavirus. The amount is equivalent to 8% of GDP.

April 14: The International Monetary Fund (IMF) granted $389 million in emergency financial assistance to El Salvador, the first loan to the Central American nation in more than 30 years.

April 17: The Inter-American Development Bank authorized the disbursement of $15.4 million  (which can be raised to $20 million if needed) to buy equipment such as ventilators, masks, protective gowns and monitors, among other gear.

May 8: CABEI approved $50 million financing for COVID-19 emergency to El Salvador.

May 28: The IDB approved a loan of $250 million to address the COVID-19 pandemic in El Salvador.

June 9: The IDB approved a second $250 million loan to El Salvador to "strengthen the efficiency and effectiveness of public policy and fiscal management to address the health and economic crisis caused by COVID-19.

June 12: El Salvador gets a €6 million ($6.7 million) grant from CABEI, the German Financial Cooperation through KfW and the European Union (EU) to support SEMs affected by COVID-19 This grant was provided in the framework of a regional program launched on May 29.

July 8: El Salvador issues $1 billion worth of bonds at 9.5% to finance the battle against COVID-19.

July 19: President Bukele of El Salvador postponed the second phase of economic reopening to protect the population from the spread of coronavirus.

August 13: El Salvador's Legislative Assembly approves the transfer of $20 million to the Health Ministry to combat the COVID-19 pandemic.
September 1: El Salvador's congress is considering a proposal allow people to pull out up to 50% of savings in their pension funds.
September 3: El Salvador's legislature approved a decree whereby deceased health workers will get compensated with SVC30,000 ($3,400).

Guatemala

April 21: Guatemala sold $1.2 billion worth of cross-border bond. A total of $500 were social bonds to be investment in combating COVID-19.

May 4: CABEI approved $193.2 million financing for Guatemala to help improve its healthcare system.
June 10: FMI approves $594 million emergency assistance under its Rapid Financing Instrument (RFI) to fight the COVID-19 pandemic.

Haiti

April 17: The IMF executive board approved $111.6 million in emergency financing for Haiti.

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Honduras

March 31: The IMF disbursed $144 million in emergency financing to Honduras for the COVID-19 pandemic.

April 3: Congress voted to allow the government to issue an additional $2.5 billion in debt to fund the response to COVID-19.

April 21: CABEI activated $200 million credit for Honduran Central Bank.

May 7: IMF staff proposes to increase fund support for Honduras by $222 million to a total of $530 million.

May 8: CABEI approved $300 million to support Honduran MSMEs affected by Covid-19.
May 21: Honduras announced the Presidential Coffee Bonus initiative, a project to finance more than 91,000 coffee growers with a $12 million investment. The country also announced a Solidary Productive Bonus providing $11 million worth of financial support to 140,000 farmers to guarantee "secure food production."
May 22: CABEI approved $100 million loan for Honduras to help MSMEs affected by COVID-19.
May 26: CABEI approved $50 million to Honduras for prevention, detection and treatment of COVID-19.
June 1: IMF increased support to Honduras to $531 million from $308 million. The decision was taken after the second review of Honduras' performance under its economic program supported by a two-year stand-by arrangement. The decision considered "the COVID-19 pandemic and external spillovers," the IMF said.
June 4: CABEI agreed to lend $2.5 million to Fundación Covelo to support SMEs in Honduras.
June 24: President of Honduras announces the creation of a LEM2.5 billion ($101 million) guarantee fund to reactivate 300,000 SMEs during COVID-19.
June 24: CABEI increases credit line for Hondura's Banco Ficohsa to $130 million to promote MSMEs.

July 9: The IDB approves $76.2 million loan for Hondurans to boost social spending in fight against COVID-19. Grace and payback period of 40 years.

July 24: The IDB approves a $19.96 million loan to Honduras. The country will use the resources to help MSMEs through the COVID-19 crisis and support employment.
August 12: Banhprovi says it has granted HNL600 million ($24.2 million) in loans to 1,400 farmers during the pandemic.
September 1: CABEI and Honduras agree to modify a loan agreement to allow the country to use funds from a road project for the health emergency.

Jamaica

April 16: Jamaica's Minister of Finance and Public Service, Nigel Clarke, sent a request to the IMF for access to its Rapid Financing Instrument to help alleviate a balance of payments risks.

May 15: The IMF approved $520 million in emergency financial assistance for Jamaica to address the COVID-19 pandemic.

Mexique

March 20: A week in advance of the scheduled day of decision, Mexico’s central bank lowered interest rates by 50 basis points to 6.5%. That same day, the central bank loosened rules for banks on minimum deposits in the central bank and announced a lowering of interest rates for the central bank’s ordinary additional liquidity facility.

March 20: Mexico’s ministry of finance announced new rules for market-makers to promote depth and liquidity in the local debt market.

March 26: The finance ministry announced new measures to lessen the effects of COVID-19 in the financial and insurance sectors. These included changes in accounting rules to make it easier to defer capital and interest payments to financial institutions.

March 31: Mexico’s central bank announced the implementation of a $60 billion swap line program with the US Federal Reserve (Fed). The first auction is scheduled for April 1.

April 1: Mexico places $5 billion for a period of 84 days in first auction of greenbacks provided by the Fed through a $60 billion swap line program. Ten banks participated with orders totaling $6.32 billion. The weighted average interest rate in the transaction was 0.9056%. This is the first auction in the $60 billion program created on March 19 by the Fed to provide dollar liquidity to Mexico’s banking system in response to market volatility and the weakening of the peso that followed falling oil prices and the COVID-19 shock.

April 3: Mexico's central bank announced that the second auction of greenbacks from the $60 billion swap line program is scheduled to take place on April 6. Up to $5 billion will be auctioned for a period of 84 days.

April 18: The securities commission announced that it would be allowing insurance companies to change policies to cover the effects of COVID-19 on policyholders.

April 21: Mexico's central bank announced it would offer MXN750 billion pesos ($31 billion) in liquidity and credits to support the country's financial system. It also cut the benchmark lending rate by 50 basis points to 6%. The central bank is forecasting a 5% contraction in the economy in the first half of 2020 versus the same period a year ago.

April 22: President López Obrador announced a MXN622.6 billion ($24.6 billion) package to create two million jobs and to protect 70% of Mexican families during the pandemic, and to execute other social projects to mitigate the effects of the pandemic on the population.

April 22: Mexico issues $6 billion in US-dollar-denominated debt at a discount, with order books 4.75 times the size of issuance. The government issued debt maturing in 2025, 2032, and 2051.

April 27: The government of Mexico changes pricing rules for electric services to protect families from paying higher electric tariffs due to increased consumption derived from having to spend more time at home.

May 13: President López Obrador announces plan to reopen the economy.

May 14: AMLO and the Mexican association of insurance institutions presented a Solidary Coverage program providing free life insurance to protect the families of health workers.
May 14: Mexican central bank lowered the interbank interest rate by 50 basis points to 5.5% to improve the performance of financial markets amid the coronavirus pandemic.
May 22: Président Andrés Manuel Lopez Obrador said that his government had given out 740,709 credits for a total of MXN44,7 billion ($1.9 billion) to homeowners, individuals and SMEs to reactivate the economy. He said the plan is to give out a total of MXN307 billion in stimulus loans.
June 22: The ministry of finance announced the second round auctions of US dollars through the swap credit line with the US Federal Reserve (FED). A total of $7 billion are to be auctioned on June 24, and $4 billion are scheduled to be auctioned on June 29. The first round took place on April 1 ($5 billion) and April 6 ($1.59 billion).
June 29: Mexico announces the extension of the periods in which various lowered regulatory standards will be applied in the financial sector. The looser regulations were put in place to mitigate the effects of COVID-19 on individuals and companies. These regulations include, among others, looser accounting rules for credit institutions, longer grace periods for families and companies, and credit restructuring without affecting their credit ratings.
August 13: Mexico's central bank cuts it key rate by 50 basis points to a four-year low of 4.5% to counteract the economic effects from the COVID-19 pandemic.

September 11: Central bank of Mexico announces that it will auction out $5 billion on September 15 and $2.5 billion on September 21 from the "swap" line with the US Federal Researve (FED). A $60 billion mechanism was created in March to assure liquidity during the coronavirus pandemic.

Nicaragua

August 3: The Inter-American Development Bank (IDB) grants a $43 million loan for COVID-19 cases in Nicaragua. The money will go to buy equipment and make improvements to 12 hospitals and 15 laboratories.

Panama

March 20: The government of Panama extends until May 30 the period to pay income tax due on March 31.

March 26: Panama sold $2.5 billion worth of bonds in the cross-border market to combat the coronavirus.

April 3: CAF donates $400,000 to Panama to fight COVID-19.

April 14: Panama said it secured $1.3 billion in funding from the IMF, the World Bank and the Inter-American Development Bank (IDB) to help small businesses and job creation.

April 16: The IMF approved $515 million in emergency funding for the COVID-19 pandemic.

April 20: CAF lends $50 million to Panama to strengthen is capabilities in response to COVID-19.

May 6: CAF approved long-term loan for Panama of up to $350 million under the contingent credit line to support countercyclical measures to fight the COVID-19 pandemic.

May 26: Panama reallocated $2 billion worth of budget resources to fight the coronavirus. Adjustments implied a f $1.5 billion reduction in public investment, and a $500 million reduction in the operational expenses of public institutions.

May 27: Government of Panama extends until July 17  the period to pay income tax due on March 31.

June 2: Panama gets $150 million from IDB to boost liquidity in agricultural SMEs affected by COVID-19. This is the first tranche of a $300 million loan. The second $150 million will be disbursed in early 2021.

June 11: Panama gets a $20 million loan from the World Bank for COVID-19 emergency response. The loan has a 10-year maturity and a 2-year grace period.

July 7: Panama's ministry of finance announced a $2.5 billion "Opportunity Bank" program, whereby SMEs will have access to 64 month loans. Implementation begins on August 3.

July 31: Banco Nacional de Panamá (Banconal), a government owned bank, is expecting to issue $1 billion in 10-year bonds, ratings agencies said. The bank has deferred or restructured 11% of loans due to the COVID-19 pandemic.

August 7: Finance Ministry creates a $150 million fund to help MSMEs through the coronavirus crisis, and a second $500 million fund to stimulate the banking sector. Emergency funding from the IMF was used to create the second fund.
August 12: Congress passes a bill to extend a tax amnesty and cut taxes by 10% for tax payers that pay during the period.

Paraguay

March 26: The Paraguayan president signed into law a bill COVID-19 emergency bill authorizing the executive to borrow an additional $1.6 billion to fund a fiscal package designed to mitigate the economic and social effects of the coronavirus.

April 3: CAF donates $400,000 to Paraguay to fight COVID-19.
April 6: Fonplata granted $200,000 to Paraguay for medical equipment and supplies.

April 21: The IMF approved an immediate disbursement of $274 million (100% of its SDR quota) to help Paraguay meet balance of payment needs. In addition to the balance of payment needs, the IMF said the money will help the government preserve resources for fighting COVID-19 healt-related expenses and social safety net spending, while also "catalyzing multilateral donor support."

April 23: Paraguay issued $1 billion worth of 10-year debt in an effort to boost finances in its fight against the COVID-19 pandemic. The debt was authorized by an emergency law passed in early April.

April 30: the government adds 1.1 million informal workers who make more than minimum wage to the health emergency subsidy program.
May 6: Presidency of Paraguay announced it would draft a new law to redirect the use of municipal and state royalties for purchases required to fight COVID-19.
May 18: Inter-American Development Bank arranges $210 million in financing to support low-income households and small businesses fight COVID-19.

May 19: Inter-American Development Bank approves line of credit up to $250 million for Paraguay, executed through three loans. Only one loan for $105 million targeting the building of a sewer and clean water project is approved as of May 19th.

August 19: Paraguay's Finance Ministry says the government spent $2.08 billion on social programs in the first seven months of 2020, up 11.6% on the same period from the previous year.
September 15: Paraguayan government said its social expenditures during the first three quarters of 2020 would reach $2.4 billion, 16% more than in the same period in 2019; 57% of these resources were used to finance response to the coronavirus emergency.

Peru

March 19: Peru's central bank decreased interest rates by 100 basis points, setting interest rates at 1.25% from 2.25%.

March 20: The central bank injected PEN400 million ($119 million) for two years through a repo at a 3.24% interest rate.

March 25: The Finance Ministry announced the creation of a $87.7 million fund that would allow small and medium-sized businesses to pay existing working capital credit lines and restructure or refinance their debts.

March 26: The central bank loosens reserve requirements in local and foreign currency. It also approved a new instrument to inject liquidity in companies: a loan portfolio, with the state serving as guarantor, for working capital needs.

April 3: CAF donates $400,000 to Peru to fight COVID-19.

April 4: President Martín Vizcarra issued a decree to allow 4.8 million low-income households to postpone electric, gas and telecommunications service payments for March.

April 6: The Finance Ministry initiated Reactiva Perú, a program with PEN30 billion in working capital loans.

April 9: The central bank cut its benchmark interest rate to a historic low of 0.25%. The bank expects inflation at the lower end of its 1% to 3% target range. Economic stimulus plans announced by the government amount to roughly 12% of GDP.

April 12: The government extends for another 14 days the suspension of certain procurement procedures for goods and services related to the prevention and spread of COVID-19.

April 16: Peru issued $3 billion worth of international bonds to raise sash to help in the battle to contain the COVID-19 pandemic.

April 19: The government authorized a cash subsidy for below poverty level of PEN760 ($224.2). Resources totaling PEN835 million were transferred to the Ministry of Development and Social Inclusion.

April 22: The ministry of finance approved Reactiva Peru, a program than proves credit guarantees to companies. The measure had been first announced on April 6.

April 24: Peru's central bank decreased repo interest rates to 1.02% from 1.13%.

April 29: Peru's ministry of finance said that as of April 27, the government had allocated PEN67 billion ($9.4 billion) to contain the economic effects of COVID-19.

April 29: A decree was issued in Peru authorizing budgetary reallocations and temporary procedures and standards to expedite the procurement of protection equipment in the public sector.

April 30: The government of Peru decreed that companies would benefit from a suspension or substantial reduction of income tax payments in the months of April, May, June and July, as a measure to secure their short term liquidity.

April 30: Through an emergency decree, Peru's ministry of finance got permission to sell up to $4 billion in cross-border bonds.

May 7: Peruvian central bank took measures to protect the value of pension funds and their affiliates, giving them temporary permission to sell local Treasury bonds to the central bank.

May 7: Peru's central bank announced it would continue an expansive monetary policy by keeping the interest rate at 0.25% and increasing liquidity injection operations. The central bank had brought down the interest rate to the historic low of 0.25% on April 9.

May 8: The Ministry of Finance extended to five years from four years, the period in which companies can compensate for losses in income tax filings.

May 13: The Peruvian government expanded the Reactiva working capital loans guarantees program for companies to PEN60 billion ($17 billion) from PEN30 billion.

May 20: Government of Peru transfers PEN39 million ($11.4 million) to municipal government to help them prevent contagion of COVID-19 in markets and dining halls.

May 22: The financial development corporation executed the first auction to assign lines of credit for SMEs. A total of PEN250 million ($73 million) were adjudicated with interest rates ranging between 3.97% and 4.5%. The measure is a part of the Emergency Decree enacted on April 27.
May 28: Government of Peru temporarily decreases wages of public servants to pay health workers.

May 28: Government of Peru improves conditions of stimulus program for SMEs. Program is extended to three months from one month and credit limits are increased.

June 11: Central bank of Peru maintained benchmark interest rate at 0.25%.
July 9: Peru's central bank decided to maintain the benchmark interest rate at 0.25% and to continue injecting liquidity. The central bank said it would maintain expansionary monetary policy as long as the negative effects of the pandemic persisted.
September 2: the presidency of Peru issues an Emergency decree that authorizes expenditures in the health sector, budget adjustments and government contracting during the pandemic.
September 3: Peruvian presidency presents a proposal to give 1.7 million social security system contributors access to a pension, and for 3.7 million contributors and 560,000 pensioners to get monetary subsidies.
September 10: Central bank of Peru maintained the benchmark interest rate at 0.25% , giving continuity to its expansive monetary policy.
September 11: the presidency of Peru extend by five months measures to mitigate the impact of the health emergency on sanitation companies.

September 23: The International Finance Corporation and investment advisor Compass Group announce alliance to channel working capital, up to $21 million, to help primarily micro and small Peruvian enterprises severely affected by COVID-19.

Trinidad and Tobago

April 3: CAF donates $400,000 to Trinidad and Tobago to fight Covid-19.

April 15: Trinidad and Tobago gets a $50 million loan from CAF for anti-cyclical support during the pandemic.

July 1: The Inter-American Bank (IDB) approved a $100 million loan for Trinidad and Tobago to strengthen public health and economic response against COVID-19.

July 8: The World Bank approved $20 million to support Trinidad and Tobago's response to COVID-19.

Uruguay

April 3: CAF donated $400,000 to Uruguay to help it fight against the spread the coronavirus and its effects.

April 19: Fonplata approved $15 million in financing for a small business emergency loan program in Uruguay.

April 27: Fonplata granted $200,000 to Uruguay to purchase medical equipment to fight Covid-19.

May 5: CAF approved a $50 million loan to Uruguay to be used to fight the spread of COVID-19 and mitigate its effects in public health and the economy.

May 18: World Bank approved $20 million in emergency funds for Uruguay.

June 17: The government of Uruguay extended the period during which companies only have to pay a minimum value added tax; it also extended the period in which credit lines and guarantees could be requested by large companies. "The objective of the measure is to inject liquidity so that the period of low economic activity does not lead to insolvency," the government said.
June 24: IDB approved an $80 million loan to support micro, small and medium-sized enterprises impacted by COVID-19. This is part of a $1.7 billion-plus support plan announced by the IDB for the country.
June 25: World Bank provides $400 million to Uruguay in response to the coronavirus pandemic and for economic recovery.
August 6: Uruguay's central bank announced that in the context of COVID-19 it has decided to: 1) maintain growth of M1 at 15% in the third quarter; 2) change its instrument of monetary policy from one centered on monetary aggregates to one focused on providing signals through interest rates.

IMF/World Bank/G20/IADB/CAF/CABEI/FONPLATA

The International Monetary Fund (IMF) is publishing research and policy notes under a new section: SPECIAL SERIES ON COVID-19. It is also providing a special lending tracker, detailing the emergency finances it is providing to combat the pandemic.

Five nations in the LAC (Latin America and Caribbean) region are slated to receive funding from either the IMF or World Bank. Argentina is receiving $35 million via the World Bank; Ecuador is receiving $20 million from the World Bank; Haiti is receiving $20 million from the World Bank; Honduras is receiving $135 million from the IMF; Paraguay is receiving $20 million from the World Bank.

March 25: The IMF and World Bank requested that Group of 20 nations put on hold the debt payments made by some of the poorest countries, if asked, in order to let them focus resources on fighting the spread of the deadly novel coronavirus, COVID-19. Taking aim at the International Development Association (IDA) nations, the multi-lateral lenders issued a joint statement saying these countries, which are home to a quarter of the world’s population and two-thirds of the world’s population living in extreme poverty, will need relief.

March 25: IDB Invest announces plan to contribute $5 billion in financing for companies affected by the pandemic.

April 3: IMF Managing Director Kristalina Georgieva said some members have asked about "something that de facto goes into quantitative easing from the world. And it is by allocation of additional SDRs (special drawing rights) to boost liquidity" in emerging markets. She also admitted that the bank falls short on one particular instrument: "to provide short term liquidity to countries that are basically strong but may find themselves in a tight place."

April 8: CAF approved allocating $2 billion to the COVID-19 emergency.

April 9: Georgieva said the IMF sees trillions of dollars in financing needs to deal with the impact of the coronavirus outbreak in emerging markets.

April 10: World Bank Group President David Malpass said in a LinkedIn post he is confident there will be progress at the upcoming G7 and G20 meetings and the virtual meetings of the IMF/WB for adopting debt relief for poor countries. The plan, unveiled on March 25 calls for big creditor nations to suspend debt payments made by International Development Association (IDA) nations, starting May 1. IDA nations owe $14 billion in 2020 on their official bilateral debt service obligations.

April 10: Georgieva says in a podcast with The Economist magazine that the United States is not interested in expanding the use of Special Drawing Rights, the IMF's official currency unit. Expanding the amount of SDRs would give the IMF more financial firepower to get money to member nations. According to unnamed sources, Reuters reported the Trump Administration actively opposes the extra issuance because it would provide China and Iran with additional resources with now conditions.

April 13: IMF agreed to immediate debt relief for 25 member countries under the Catastrophe Containment and Relief Trust (CCRT). The initial relief provided for immediate use by these nations is SDR157.1 million, or $213.4 million. This approval (given by the IMF's Executive Board on April 15) allows disbursement of grants from the CCRT for repayment of total debt service falling due to the IMF over the next six months, with potential extensions, up to a maximum of full two years from April 14, 2020, subject to availability of sufficient grant resources. CCRT could grow to $1.4 billion. Haiti is the only country in the LAC region included in this first list. CCRT rules amended in March, allow up to two years of debt service relief. CCRT has $500 million available, including new pledges from Great Britain ($185 million), Japan ($100 million), China (undisclosed), Netherlands (undisclosed).

April 14: G7 nation finance officials support temporary debt service relief to poorest nations if joined by China and other G20 nations, Paris Club creditors.

April 15: G20 finance ministers agree to suspend debt service payments for world's poorest nations through Dec. 31, 2020. Freezing principal and interest expected to provide nations with $20 billion to redirect toward health systems to fight pandemic.

April 15: Georgieva says fund is making a push to triple concessional financing to $18 billion for the Poverty Reduction and Growth Trust (PRGT).

April 15: World Bank activates $6.6 million in immediate funding for Dominica's emergency response to the COVID-19 pandemic, focusing on enhancing health system capacity and strengthening food security.

April 24: IDB Invest said it priced $1 billion worth of bonds in its largest debt sale ever, raising money for a $5 billion lending program for companies impacted by the coronavirus pandemic.

April 22: CAF annoncé it the bank would be helping mitigate the effects of coronavirus in the Latin American region through agile financial and technical instruments; the effort includes a regional line of credit for $2.5 billion for countercyclical economic measures.

April 27: IDB President Luis Alberto Moreno tells LatinFinance that IDB Invest will increase private sector lending to $7 billion from $5 billion. Listen to full interview here. IDB Invest issues press release formally outlining the increase the following day.

April 30: World Bank provides US$10.5 million to Saint Lucia for COVID-19 response

May 1: World Bank announces $10.5 million in aid to support Saint Lucia's COVID-19 response.

May 5: The World Bank provided $412,000 to Suriname to purchase essential medical supplies for the country’s emergency response to the COVID-19 pandemic.

April 30: The IMF agreed to add $90 million to an extended fund facility for Barbados and also to lower the primary fiscal surplus target to 1% of GDP to give the country more flexibility to combat the coronavirus pandemic.

May 13: legislators from 25 member countries urge the World Bank and the IMF "to provide extensive debt relief and financial assitance for all impoverished nations most at risk of the devastating human costs and the long-lasting economic injuries of COVID-19."

May 15: The IDB approved a $750,000 grant to support the Caribbean Public Health Agency (Carpha). The grant was financed by the IDB Japan Special Fund.
May 19: Republic of South Korea donated $50 million to CABEI to help the Central American region.
May 20: Inter American Development Bank (IDB) and Agence Française de Développement (AFD) strengthen ties to fight Covid-19.
May 20: The IMF approved a $16 million disbursement for St. Vincent and the Grenadines to address the COVID-19 pandemic.

May 27: Latin American development bank CAF sold 700 million ($768 million) worth of five-year social bonds to finance coronavirus-related healthcare spending and emergency economic support to its member countries.

May 27: IDB and Sweden sign an agreement for a risk transfer mechanism to support development in Latin America and the Caribbean (LAC). Instrument provides up to $100 million from Sweden that enables IDB to increase lending up to $300 million for new projects in Bolivia, Colombia and Guatemala.
May 29: CABEI, the German Financial Cooperation through KfW and the European Union (EU) launch the financial sector support facility for $350 million to finance MSMEs in the Central American region.
June 1: IMF approves a $250 million disbursement to Bahamas to address the COVID-19 pandemic.

June 3: CABEI issues $375 million in 5-year floating rate notes bonds listed in Taipei and Luxembourg to underpin efforts to help member countries cope with the COVID-19 pandemic.

June 1: World Bank agreed to lend $2.5 million to Grenada for COVID-19 response.

June 4: IDB Invest provided a six-year, $50 million loan to Chilean social security provider Caja Los Héroes to provide services for senior citizens during COVID-19.

June 5: IDB approved a $6.2 million loan to help Belize support the containment and control of the pandemic and mitigate it's impact.

June 8: IDB Invest considers a BRL200 million ($40.2 million) loan for the Hospital Israelita Albert Einstein to expand COVID-19 treatment in the city of São Paulo.

June 9: IDB sells $4 billion worth of five-year bonds in US dollars, with final orderbooks in excess of $5.75 billion to help fund response to COVID-19 pandemic.

June 11: IDB adds £250 million ($315 million) to it 0.5% 2026 sustainable development bonds (SDBs) at 40 basis points over gilts.

June 12: IDB announced on June 12 that it had sold the day prior AUD50 million ($33.26 million) worth of ten-year Sustainable Development Bonds (SDB).

June 15: IDB, Everis NTT and Microsoft joined to provide immediate digital solutions to Latin American and Caribbean governments through the Digi/Gob platform. “The COVID-19 pandemic has reminded the world of the critical role digital technologies play in our daily lives, while underscoring the essential nature of government services in times of crisis," said Luis Alberto Moreno, President of the IDB.
June 25: World Bank approved $40 million credit for Saint Vincent and the Grenadines for economic resilience and disaster preparedness.

July 9: The International Monetary Fund and the World Bank said they will hold their annual meetings in October primarily online due to the ongoing health crisis caused by the COVID-19 pandemic.

July 14: IBD Invest said it sold $1 billion worth of three-year bonds bonds to fund a lending program for companies affected by the COVID-19 pandemic, building on a $1 billion issue in April.

July 15: Fonplata, the regional development bank for the Río de la Plata basin, has approved $45 million in financing for a small business emergency loan program in Uruguay, building on a previous loan of $15 million for the same purpose in April.

July 27: The IDB set the date for its next annual meeting on March 17-21, 2021 in Barranquilla, Colombia after COVID-19 pandemic scuppered 2020 in-person meeting. Still plans to name new president in September.

July 28: BBVA says it granted a $200 million loan to finance CAF's assistance programs to address social and economic effects of the COVID-19 pandemic in Latin America.

August 3: Three development banks – IDB, CAF and Fonplata – form ILAT to finance and advise on integration projects in Latin America

Economic forecasts

IMF/World Bank – World Economic Outlook Growth Projections for 2020 and 2021 (released April 14, 2020)

Latin America and the Caribbean

2019: 0.1%
2020: -5.2%
2021: 3.4%

Brazil

2019: 1.1%
2020: -5.3%
2021: 2.9%

Mexique

2019: -0.1%
2020: -6.6%
2021: 3.0%

—————

COLOMBIA: May 4: Colombia's Central Bank said in a policy report released on Monday May 4, that it predicts the economy will contract between 2% and 7% in 2020.

BRAZIL: UPDATED JULY 28: Bank of America raises Brazil 2020 GDP forecast to -5.77% from -6.51%, cites retail sales well above expectations in May, CAGED job data for June better than expected and confidence indicators improved in July. Report says: "Government debt to GDP ratio is expected to end this year above 90% from 76% last year, a much larger increase than that expected at the start of the pandemic crisis."; May 13: Brazil's government lowers 2020 GDP forecast. Expects contraction of 4.7% with recovery to pre-crisis levels of December 2019 not occurring until 2022. Banque d'Amérique said it expects a deeper economic downturn in Brazil in 2020, forecasting now a 7.7% contraction from the previous forecast for 3.5% contraction. Maintains 3.5% GDP growth in 2021.

May 19: Goldman Sachs forecasts Latin America's economy to contract 7.6% in 2020, doubling from March 27 forecast of a 3.8% decline. Prior to the pandemic it was calling for growth of 1.6%. During the 2009 financial crisis, the region's economy contracted 2.1%. It contracted 2.4% during the 1983 debt crisis.

GDP forecast update by country:

Argentina -8.5% (May 19) from -5.4% (March 27. Prior to the crisis it was -1%)

Brazil to -7.4% (May 19) from -3.4% (March 27 forecast. Prior to the crisis it was 2.2%)

Chile to -4.4 (May 19) from -3% (March 27 forecast. Prior to the crisis it was 1%)

Colombia to -6.0% (May 19) from -2.5% (March 27 forecast. Prior to the crisis it was 3.4%)

Ecuador to -7.5% (May 19) from -5.7% (March 27 forecast. Prior to the crisis it was -0.3%)

Mexico to 8.5% (May 19) from -4.3% (March 27 forecast. Prior to the crisis it was 1%)

Peru to -8.0% (May 19) from -2.5% (March 27 forecast. Prior to the crisis it was 3.3%)

June 8: World Bank forecasts Latin America's economy to contract 7.2% in 2020. Forecasts of major economies:

Argentina: -7.3%

Brazil: -8%

Chile: -4.3%

Colombia: -4.9%

Ecuador: -7.4%

Mexico: -7.5%

Peru: -12%

June 24: IMF releases June 2020 World Economic Outlook Update – Latin America and Caribbean (LAC) is expected to contract 9.4% in 2020 and grow 3.7% in 2021. In April, the forecast was for 4.2% contraction and 0.3% growth, respectively.

Argentina -9.9% in 2020; +3.9% in 2021 (April forecast: -4.2% in 2020 and -0.5% in 2021)

Brazil -9.1% in 2020; +3.6% in 2021 (April forecast: -3.8% in 2020 and +0.7% in 2021)

Chile -7.5% in 2020; +5.0% in 2021 (April forecast: -3.0% in 2020 and -0.3% in 2021)

Colombia -7.8% in 2020; +4.0% in 2021 (April forecast: -5.4% in 2020 and +0.3 in 2021)

Mexico -10.5% in 2020; +3.3% in 2021 (April forecast: -3.9% in 2020 and +0.3% in 2021)

Peru -13.9% in 2020; +6.5% in 2021 (April forecast: -9.4% in 2020 and +1.3% in 2021)

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(Additional reporting by Joe Rowley)

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