Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Cook Islands 05 05 - Health and income support NZD 61,000,000 36,902,601 Ministry of Finance and Economic Management. http://www.mfem.gov.ck/images/MFEM_Documents/COVID-19/Cook_Islands_Economic_Response_to_COVID-19.pdf (accessed 13 April 2020).

The Government’s COVID-19 Economic Response Plan with a total value of NZD61 million has three objectives. The first is to stimulate demand through support to local business to ensure that the economy is able to continue to operate, even at a reduced level, during this period of extreme uncertainty surrounding COVID-19. The second is to support the livelihoods of those that are likely to be most affected by the economic fallout, including those required to self-isolate, those that lose their jobs and the elderly and infirm. The third objective is to achieve the first two objectives in a fiscally responsible manner that does not undermine the Government’s ability to undertake further fiscal intervention over the longer-term, should that prove necessary. Breakdown as follows: (i) NZD5 million, Ministry of Health; (ii) NZD2.3 million support for self-isolation; (iii) NZD2 million small capital works program; (iv) NZD12 million major capital projects; (v) NZD0.97 million unemployment benefit; (vi) NZD22.51 million wage subsidy; (vii) NZD1 million child benefit payment; (vii) NZD0.87 million one-off welfare payment; (viii) NZD50 thousand redeployment program; (ix) NZD3.36 million business grants; (x) NZD2.32 million indirect costs (tax relief, TAU,etc).

Cook Islands 05A 05A - Health support NZD
Cook Islands 05B 05B - Income support NZD
Cook Islands 07 07 - Central bank financing government NZD
Cook Islands 07A 07A - Direct lending and reserve drawdown NZD
Cook Islands 07B 07B - Secondary purchase: government securities NZD
Cook Islands 09 09 - International Assistance Provided NZD
Cook Islands 09A 09A - Swaps NZD
Cook Islands 09B 09B - International loans/grants NZD
Cook Islands 11 11 - Other Economic Measures NZD
Federated States of Micronesia 05 05 - Health and income support USD 35,000,000 35,000,000
Federated States of Micronesia 05A 05A - Health support USD 20,000,000 20,000,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

To address the emergency caused by COVID-19, the national government has prepared a USD20 million (or about 5% of GDP) COVID-19 Response Framework, in order to develop quarantine and isolation facilities across the nation, provide mandatory infection control training for all first responders, and increase testing capacity and ventilators for each island state in the Federated States of Micronesia.

Federated States of Micronesia 05B 05B - Income support USD 15,000,000 15,000,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

April 22, The government approved the economic stimulus package of USD15 million (about 3.8% of GDP). The package includes measures to support affected businesses, including wage subsidies, debt relief, as well as social security tax and other tax rebates.

Federated States of Micronesia 07 07 - Central bank financing government USD
Federated States of Micronesia 07A 07A - Direct lending and reserve drawdown USD
Federated States of Micronesia 07B 07B - Secondary purchase: government securities USD
Federated States of Micronesia 09 09 - International Assistance Provided USD
Federated States of Micronesia 09A 09A - Swaps USD
Federated States of Micronesia 09B 09B - International loans/grants USD
Federated States of Micronesia 11 11 - Other Economic Measures USD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

(i) No monetary policy response. With the U.S. dollar its legal tender, the FSM does not have a central bank; and (ii) No exchange rate policy response, given that U.S. dollar is the legal tender of the FSM.

Fiji 05 05 - Health and income support FJD 1,210,900,000 549,509,893 WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 1 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020). Fiji Village. https://www.fijivillage.com/news/Ministry-working-to-avail-funds-to-help-additional-number-of-Fijians-requiring-social-welfare-assistance-54xrf8/ (accessed 11 September 2020).

(i) March 26, A supplementary budget (FJD1 billion) was announced in response to the COVID-19 pandemic. Supplemental expenditures on public health, lump sum payments through the Fiji National Provident Fund (FNPF), tax and tariff reductions, and loan repayment holidays aimed at protecting public health, supporting the economy, and ensuring food security. An Agricultural Response Package to ensure food security has also been announced. It includes the scaling up of the existing Home Gardening program and a new Farm Support Package which aims at boosting the production of short-term crops through seeds and materials distribution; and effective March 2020, No amount/estimate: (ii) Temporary elimination of import excise duty (from 15%) on ethanol for production of hand sanitizers; (iii) Temporary elimination of import fiscal duties on certain products like glove, masks, disposable hair nets, hospital beds, etc.; (iv) Temporary elimination of the VAT on imports of certain products like vaccines, pharmaceutical products, etc.; (v) Temporary increase of the import fiscal duties (by 0.2/L on fuel (diesel and petrol); (vi) June 4, Government expanded its unemployment assistance; (vii) July 17, a second fiscal package was announced as part of the FY2020-21 budget for the fiscal year beginning in August, consisting of sizeable tax and tariff cuts. The budget also entails a total of FJD100 million for unemployment assistance and a subsidy to Fiji Airways of FJD60 million to incentivize first 150,000 tourists in new fiscal year; (viii) As of September 11, the Permanent Secretary for Poverty Alleviation of the Ministry of Women, Children and Poverty Alleviation is working to avail funds to help additional number of Fijians requiring social welfare assistance after the effects of COVID-19; (ix) As of October 1, The Government has introduced several additional allocations amounting FJD50.9 million for the development of the sugar sector. [update]

Fiji 05A 05A - Health support FJD
Fiji 05B 05B - Income support FJD
Fiji 07 07 - Central bank financing government FJD 280,000,000 127,064,803
Fiji 07A 07A - Direct lending and reserve drawdown FJD
Fiji 07B 07B - Secondary purchase: government securities FJD 280,000,000 127,064,803 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 06 August 2020).

As of July 30, The Reserve Bank of Fiji has purchased FJD280 million of Government bonds to help finance the Government deficit.

Fiji 09 09 - International Assistance Provided FJD
Fiji 09A 09A - Swaps FJD
Fiji 09B 09B - International loans/grants FJD
Fiji 11 11 - Other Economic Measures FJD
Kiribati 05 05 - Health and income support AUD 32,900,000 21,955,980 Asian Development Bank. https://www.adb.org/sites/default/files/publication/622976/pem-july-2020.pdf (accessed 26 July 2020).

June, The Government of Kiribati mobilized its COVID-19 preparedness and response plan, valued at AUD32.9 million. The bulk of the funding will be for social and financial support (37.2%), health preparedness (36.2%), food security (12.4%), and education (9.2%). The remaining funds will support transportation, public awareness campaign, and small infrastructure works to refurbish isolation centers. Grants and subsidies are expected to be provided to businesses as well as state-owned enterprises to continue basic support services to the public. There will also be grants for unemployed I-Kiribati impacted by COVID-19, including seafarers, fisheries observers, fruit pickers, and casual workers in the construction and tourism industries.

Kiribati 05A 05A - Health support AUD
Kiribati 05B 05B - Income support AUD
Kiribati 07 07 - Central bank financing government AUD
Kiribati 07A 07A - Direct lending and reserve drawdown AUD
Kiribati 07B 07B - Secondary purchase: government securities AUD
Kiribati 09 09 - International Assistance Provided AUD
Kiribati 09A 09A - Swaps AUD
Kiribati 09B 09B - International loans/grants AUD
Kiribati 11 11 - Other Economic Measures AUD
Marshall Islands 05 05 - Health and income support USD 42,000,000 42,000,000 Ministry of Finance. COVID-19 Finances (accessed 27 May 2020); International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020, 7 August 2020). Office of the President and Cabinet. https://rmigov.info/?p=500 (accessed 3 September 2020).

April, The government has formulated a Coronavirus Disease Preparedness and Response Plan and is preparing preventive measures amounting to about USD7 million, including construction of quarantine units, purchases of medical equipment, installment of washing stations, and funding for overtime of health workers. May 19, The cost of the Plan (also being referred to as COVID-19 Pandemic Response Plan) that currently stands at USD37 million now includes education and logistics cluster needs. The funds from the reprogrammed 1st and 2nd quarter unused salaries from the General Fund and the financial assistance from bilateral and multilateral partners have assisted the Government with its preparatory work for the entire Marshall Islands, as well as, provide some economic relief to the private sector most affected by the COVID-19. As of July 30, The Government has approved a budget of USD42 million for the national preparedness plan in response to the global health pandemic on COVID19.

Marshall Islands 05A 05A - Health support USD