|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||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||08||08 - International Assistance Received||NZD||8,008,330||4,844,725|
|Cook Islands||08A||08A - Swaps||NZD|
|Cook Islands||08B||08B - International loans/grants||NZD||8,008,330||4,844,725|
|Cook Islands||08B1||08B1 - Asian Development Bank||NZD||1,008,330||610,000||ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 30 April 2020). ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 9 May 2020).||
(i) USD0.50 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (ii) April 24, USD0.11 million technical assistance under Developing the Pacific Health Sector (Additional Financing).
|Cook Islands||08B2||08B2 - Other||NZD||7,000,000||4,234,725||Government of the Cook Islands. https://cit-covid19.s3-ap-southeast-2.amazonaws.com/Government+of+the+Cook+Islands+18+May.pdf (accessed 21 May 2020).||
By end of March, NZD7 million from New Zealand in direct budgetary support for the Cook Islands' COVID-19 response measures.
|European Central Bank||05||05 - Health and income support||EUR|
|European Central Bank||05A||05A - Health support||EUR|
|European Central Bank||05B||05B - Income support||EUR|
|European Central Bank||08||08 - International Assistance Received||EUR||131,062,824,000||144,981,000,000|
|European Central Bank||08A||08A - Swaps||EUR||131,062,824,000||144,981,000,000||New York FED.https://apps.newyorkfed.org/markets/autorates/fxswap (accessed 14 June 2020).||
Peak amount outstanding with the US Fed: USD144.981 billion as of June 10.
|European Central Bank||08B||08B - International loans/grants||EUR|
|European Central Bank||08B1||08B1 - Asian Development Bank||EUR|
|European Central Bank||08B2||08B2 - Other||EUR|
|European Union||05||05 - Health and income support||EUR||216,199,000,000||239,158,185,841|
|European Union||05A||05A - Health support||EUR||3,880,000,000||4,292,035,398||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
(i) EUR800 million of the EU Solidarity Fund will be available by including a public health crisis within its scope, with a view of mobilizing it if needed for the hardest-hit EU member states; (ii) 19 March, the Commission decided to create a European civil protection stockpile of medical equipment (initial budget of EUR50 million, proposed to increase to EUR80 million) with a 90% Commission grant; (iii) 2 April, the Commission presented legislative proposals for an Emergency Support Instrument for the healthcare sector, (EUR3 billion) from the EU budget.
|European Union||05B||05B - Income support||EUR||212,319,000,000||234,866,150,442||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EC. https://ec.europa.eu/regional_policy/en/newsroom/news/2020/01/14-01-2020-financing-the-green-transition-the-european-green-deal-investment-plan-and-just-transition-mechanism (accessed 19 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 May 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_997 (accessed 12 June 2020).||
(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) EUR100 billion to finance the short-term unemployment mechanisms through the loans provided by the EU Commision to EU member states (SURE mechanism) backed by EUR 25 billion of guarantees voluntarily committed by Member States to the EU budget. On May 20, a Regulation establishing SURE entered into force. Countries will be able to use loans also in support of some health-related measures, esp. in the workplace. SURE will become available once all Member States have provided the required guarantees proportionally to gross national income, and will remain available until end-2022 (with the possibility to adjust this deadline) ; (iii) no amount/estimate: March 19, EU Comission intends to allow State aid for struggling businesses and enable Member States to use the full flexibility foreseen under State aid rules. On May 8, the European Commission adopted a second amendment to extend the scope of the State aid Temporary Framework to recapitalization and subordinated debt measures to further support the economy in the context of the coronavirus outbreak. The amended Temporary Framework will be in place until the end of December 2020, except for recapitalization measures which has an extended period by the end of June 2021. The Commission will assess before these dates if they need to be extended; (iv) March, EUR37 billion unallocated funds of cohesion policy funding 2014-2020 will be eligible for Coronavirus crisis related expenditure within the Corona Response Investment Initiative. Member States can use them to support public investment for hospitals, SMEs, labor markets, and stressed regions. The Coronavirus Response Investment Initiative Plus (CRII+), proposed on 2 April, complements the CRII by further enhancing flexibility in the use of cohesion funds. This enhanced flexibility is inter alia provided through transfer possibilities across the three cohesion policy funds (the European Regional Development Fund, European Social Fund and Cohesion Fund), transfers between the different categories of regions (e.g. less vs more developed), flexibility regarding thematic concentration, the possibility for a 100% EU co-financing rate for the accounting year 2020-2021, and simplified procedural steps; (v) European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of its three sources of funding is a grant, the A Just Transition Fund, which will receive EUR7.5 billion of fresh EU funds. In order to tap into their share of the Fund, Member States will, in dialogue with the Commission, have to identify the eligible territories through dedicated territorial just transition plans. They will also have to commit to match each euro from the Just Transition Fund with money from the European Regional Development Fund and the European Social Fund Plus and provide additional national resources. Taken together, this will provide between EUR30 and EUR50 billion of funding. It will, for example, support workers to develop skills and competences for the job market of the future and help SMEs, start-ups and incubators to create new economic opportunities in these regions. It will also support investments in the clean energy transition, for example in energy efficiency. Another source of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. It will be used for loans to the public sector, for instance for investments in district heating networks and renovation of buildings; (vi) June 8, European Innovation Council (EIC) Accelerator Pilot fund issued grants of EUR140 million to innovative companies [update]; (vii) Proposed modifications to its 2020 budget to make EUR 11.5 billion available for the hardest hit regions, and to support businesses, including those outside of EU borders. These modifications are stopgap measures to provide support while waiting for the European Commission to ratify a budget containing the "Next Generation EU" recovery instrument [update].
|European Union||08||08 - International Assistance Received||EUR|
|European Union||08A||08A - Swaps||EUR|
|European Union||08B||08B - International loans/grants||EUR|
|European Union||08B1||08B1 - Asian Development Bank||EUR|
|European Union||08B2||08B2 - Other||EUR|
|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||08||08 - International Assistance Received||USD||24,494,600||24,494,600|
|Federated States of Micronesia||08A||08A - Swaps||USD|
|Federated States of Micronesia||08B||08B - International loans/grants||USD||24,494,600||24,494,600|
|Federated States of Micronesia||08B1||08B1 - Asian Development Bank||USD||7,330,000||7,330,000||ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 30 April 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 30 April 2020); ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 30 April 2020).||
(i) March 31, USD0.47 million under the COVID-19 Emergency Response; (ii) April 8, USD0.71 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Disease; (iii) April 15, USD0.02 million technical assistance under Strengthening Social Protection in the Pacific [update]; (iv) April 17, USD6 million under the Pacific Disaster Resilience Program (Phase 2); (v) April 24, USD0.13 million technical assitance under Developing the Pacific Health Sector (Additional Financing).
|Federated States of Micronesia||08B2||08B2 - Other||USD||17,164,600||17,164,600||The National Government of the Federated States of Micronesia. https://gov.fm/index.php/component/content/article/35-pio-articles/news-and-updates/308-president-panuelo-vice-president-george-receive-ambassador-cantor-7-700-000-via-an-act-demonstrating-that-the-united-states-cares-for-the-fsm-us-enduring-partnership?Itemid=177 (accessed 20 April 2020); US Embassy in Georgia. https://ge.usembassy.gov/the-united-states-is-assisting-pacific-island-countries-to-respond-to-covid-19-april-22/ (accessed 27 May 2020). United Nations MPTF. http://mptf.undp.org/factsheet/project/00121529 (accessed 29 May 2020).||
(i) March 27, USD7.7 million supplemental funding signed by Trump under the CARES Act through the US DOI Office of Insular Affairs’ Technical Assistance Program; (ii) March 30, USD27.6 thousand awarded by US HHS Office of the Assistant Secretary for Preparedness and Response (iii) April 1, USD1.26 million allocated by US Department of Health and Human Services; (iv) April 8, USD3.11 million awared by US HHS Health Resources and Services Administration to to support 5 health center grantees in Chuuk (1), Kosrae (2), Pohnpei (1), and Yap (1); (v) April 14, the Honorable Livingston A. Taulung, Secretary of the Federated States of Micronesia’s (FSM) Department of Health & Social Affairs and Chair of the COVID-19 Task Force, received His Excellency Huang Zheng, Ambassador of the People’s Republic of China (China) in a handover ceremony wherein the Ambassador presented, on behalf of the people and Government of China, medical supplies and a cash donation of USD100,000 to assist the FSM in combatting the COVID-19 Pandemic; (iv) April, The Joint Economic Management Committee, comprised of U.S. and Micronesian government representatives, approved USD1.65 million for Yap and USD1.40 million for Chuuk in prior-year unallocated Compact sector grant funding to be used for health-related COVID-19 preparedness and planning. For Kosrae, USD1.2 million in Compact infrastructure sector grant assistance was approved for construction of a 24-unit COVID quarantine facility. In addition, USD417 thousand in prior-year Compact Infrastructure Maintenance Fund assistance has been provided to Chuuk to assist with hospital infrastructure preparedness; (v) May 13, USD300,000 from UN COVID-19 Response & Recovery Fund to Support COVID-19 Contingency Plan for Federated States of Micronesia.
|Fiji||05||05 - Health and income support||FJD||1,000,000,000||453,802,868||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 10 June 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. Further details to follow. [update]
|Fiji||05A||05A - Health support||FJD|
|Fiji||05B||05B - Income support||FJD|
|Fiji||08||08 - International Assistance Received||FJD||16,260,144||7,378,899|
|Fiji||08A||08A - Swaps||FJD|
|Fiji||08B||08B - International loans/grants||FJD||16,260,144||7,378,899|
|Fiji||08B1||08B1 - Asian Development Bank||FJD||1,873,060||850,000||ADB. Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance. ADB Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (both accessed as of 12 June 2020).||
(i) April 15, USD0.03 million announced by the ADB as part of the Strengthening Social Protection in the Pacific program; [update] (ii) April 24, USD0.11 million allocated by the ADB as additional funding to Fiji under the Regional Project on Developing the Pacific Health Sector; (iii) USD0.71 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases.
|Fiji||08B2||08B2 - Other||FJD||14,387,084||6,528,899||ABC News. https://www.abc.net.au/news/2020-05-20/australia-financial-support-pacific-governments-cyclone-pandemic/12262328 (accessed 28 May 2020).||
May 20, AUD10.5 million in quick financial support from Australia to support Pacific countries hit by both the recent cyclone and pandemic.
|Kiribati||05||05 - Health and income support||AUD|
|Kiribati||05A||05A - Health support||AUD|