![]() ![]() The authorities aim to vaccinate 60 percent of the population. In consultation with the neighboring countries, they have also halted the movement of people across borders while keeping them open to trade and cargo transit. In response, the authorities have closed schools until further notice and are trying to speed up vaccinations. Almost a third of the individuals tested recently had the infection. Schools reopened on February 28, and universities resumed in person instruction in early March 2021.Īfghanistan is currently going through a severe third wave of infections, with the number of cases and deaths topping the peaks of the first wave a year ago. Afghanistan experienced a relatively moderate second wave of infections during November-December 2020 with infections declining since early 2021. It imposed countrywide lockdown in late March 2020, which was subsequently extended twice. As the infection spread, the government tightened containment measures, including introducing screening at ports of entry, quarantine for infected people, and closure of public places for gathering. Afghanistan reported its first COVID-19 case on February 24, 2020. ![]() The tracker includes information that is publicly available or provided by the authorities to country teams and does not represent views of the IMF on the measures listed.īack to Top Afghanistan, Islamic Republic ofīackground. Adding up the different measures-tax and spending, loans and guarantees, monetary instruments, and foreign exchange operations-might not provide an accurate estimate of the aggregate policy support. The information included is not meant for comparison across members as responses vary depending on the nature of the shock and country-specific circumstances. NOTE: The tracker focuses on discretionary actions and might not fully reflect the policies taken by countries in response to COVID-19, such as automatic insurance mechanisms and existing social safety nets which differ across countries in their breadth and scope. Click here for further information.This policy tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic. We have therefore temporarily halted the purchase of gold coins. ![]() The SARB is complying with all COVID-19 directives regarding hygiene. The SARB will continue to monitor global economic and financial conditions, and work closely with government and regulatory authorities to limit the effects of this pandemic on households and businesses. The relief measures include capital relief on restructured loans that were in good standing before the COVID-19 crisis, a lower liquidity coverage ratio and lower capital requirements. This support takes the form of regulatory relief measures and guidance to banks in managing the crisis. The Prudential Authority is supporting banks in responding to the needs of their customers. Funds borrowed through this scheme can be used for operational expenses such as salaries, rent and lease agreements, and contracts with suppliers. We have partnered with banks and National Treasury to implement a loan guarantee scheme for small and medium-sized enterprises.īusinesses with an annual turnover of less than R300 million are eligible to apply for a guaranteed loan. This will help ensure the continued smooth functioning of our financial markets. We have done so by increasing the size and duration of repo facilities and by purchasing government bonds. We have made additional liquidity available to the banking sector. The reduced repo rate will make it easier for borrowers to meet their financial obligations. It has decreased from 6.5% on 1 January 2020 to 3.75% on. The repo rate now stands at 3.75% per annum. We have significantly reduced the repo rate. To date, we have taken the following steps: The SARB, working within its mandate and using the monetary policy and regulatory tools at its disposal, is committed to limiting the impact of the crisis on South Africa’s economy. South Africa has a strong and resilient banking system with adequate levels of capital and significant liquidity buffers to manage this stress. The COVID-19 pandemic continues to spread globally, with wide-ranging and deep social and economic effects. ![]()
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