Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Palau 05 05 - Health and income support USD 20,916,808 20,916,808
Palau 05A 05A - Health support USD 916,808 916,808 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 01 May 2020).

The government is taking actions to support the health sector and the economy. The parliament is appropriating an additional USD916,808 (0.3% of GDP) to the Hospital Trust Fund to help with prevention and preparation for COVID-19.

Palau 05B 05B - Income support USD 20,000,000 20,000,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 24 June 2020).

The government has also announced measures totaling USD20 million (8% of GDP) to mitigate economic and social hardship through targeted support to affected businesses and individuals. These include a new unemployment benefit scheme, temporary subsidies for utility bills, a new temporary job creation scheme for public works, and a lending scheme for the private sector.

Palau 09 09 - International Assistance Provided USD
Palau 09A 09A - Swaps USD
Palau 09B 09B - International loans/grants USD
Palau 11 11 - Other Economic Measures USD