Page 25 - AFAP Success Stories 2020

Fiscal and Monetary Responses

Burundi Ethiopia Kenya Malawi Rwanda Tanzania Uganda Zambia Ghana Nigeria
COVID-19 response plan and budget Mozambique South Africa Zimbabwe
X X X X X X X X X X X X X
Fiscal: Review 2020 Gvt. Budget to increase spending on health, social X X X X X X X X X X X X X
assistance
Fiscal: Tax relief , exemptions, deferring payment, waiving interest on tax X X X X X X X X X X
arrears and tax penalties
Fiscal : Subsidies to pay salaries, cash transfers to households, SMEs
X X X X X X X X
Fiscal: Support FDI facilitate logistics and removal of taxes on raw X
materials
Monetary: Reduce interest/policy rates: Bank repurchase rate, Prime X X X X X X X X X X X
overdraft rate, Other lending rates
Monetary: Money supply; reduce cash reserve ratio
X X X X X X X X
Monetary: Credit facility, Extended lending, loan repayment, restructuring X X X X X X X X X X
credit by financial institutions, liquidity injection

Monetary: Central and commercial banks reduce bank fees for electronic
and mobile money transfers, increase daily transactions limit and balance X X X X X X X
for mobile money
Monetary: open-market operations: sell/buy Gov. stock/Treasury bonds
X X

Trade: Border closures
X X X X X X X X X X X
Trade: Exchange rates and controls (remove minimum export prices)
X X X

Agricultural output marketing (Food relief, Gov. purchases for Strategic
Grain Reserves, distribution from Strategic Grains Reserve to vulnerable X X X X X X X X X X X X
households)

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