|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||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||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||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||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|
|Marshall Islands||05B||05B - Income support||USD||Office of the President and Cabinet. https://rmigov.info/?p=792 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=853 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=926 (accessed 3 September 2020).||
No amount/estimate: As of August 7, 23 local businesses received financial assistance under the Pandemic (COVID-19) Economic Relief Program (PCERP).
|Marshall Islands||11||11 - Other Economic Measures||USD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).||
April, Since U.S. dollar is the legal tender of Marshall Islands, there is no monetary measure and no exchange rate and BOP measures.
|Nauru||05||05 - Health and income support||AUD||9,100,000||6,072,931|
|Nauru||05A||05A - Health support||AUD||3,500,000||2,335,743||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
April: (i) Fiscal measures have not been deployed yet. Initial estimates from the health department suggests an estimated AUD5 million for health expenditures and isolation costs per 500 individuals (approximately 4% of the population); (ii) Initial estimates for health expenditures and isolation costs per 500 individuals have been revised to AUD3.5 million.
|Nauru||05B||05B - Income support||AUD||5,600,000||3,737,188||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
May: (i) Containment efforts have been sizable and expenditures on keeping the national airline and other state-owned enterprises (SOEs) afloat have been significant at about 5.5% of 2019 GDP. The immigration department estimates AUD5.1 million liquidity injections to Nauru Airlines, and an estimated AUD0.5 million in budget support to SOEs in managing inventory from limited freight and cargo services; (ii) The government has also used its cash buffers for the repatriation of Nauruans abroad.
|Nauru||11||11 - Other Economic Measures||AUD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
April, The authorities have reprioritized expenditures and drawn down on cash buffers and general reserves to support the fiscal measures, including necessary medical expenditures.
|Niue||05||05 - Health and income support||NZD|
|Niue||05A||05A - Health support||NZD|
|Niue||05B||05B - Income support||NZD|
|Niue||11||11 - Other Economic Measures||NZD|
|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||11||11 - Other Economic Measures||USD|
|Papua New Guinea||05||05 - Health and income support||PGK||510,000,000||149,683,024|
|Papua New Guinea||05A||05A - Health support||PGK||10,000,000||2,934,961||World Bank. http://documents.worldbank.org/curated/en/375461585914799688/Stakeholder-Engagement-Plan-SEP-Papua-New-Guinea-COVID-19-Emergency-Response-Project-P173834 (accessed 7 April 2020).||
PGK10 million was released to the National Department of Health.
|Papua New Guinea||05B||05B - Income support||PGK||500,000,000||146,748,063||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020).||
No amount/estimate: The government has asked the superannuation funds to allow members who have been laid off from work due to COVID-19 to access their savings. On April 8, Superfunds announced that its members whose employment was terminated by their employer as a result of COVID-19 will be entitled to a one-off payment of 20% of the member’s contribution (PGK500 million support from superannuation savings to employees affected by the economic slowdown).
|Papua New Guinea||11||11 - Other Economic Measures||PGK|
|Samoa||05||05 - Health and income support||WST||149,400,000||55,427,400||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); Government of Samoa. https://www.samoagovt.ws/2020/05/savali-issue-21-dated-27-may-2020-savali-21-aso-27-me-2020/ (accessed 29 May 2020).||
(i) April, The government has put together the first phase of the fiscal and economic response package, amounting to WST66.3 million. April 7, The package approved by parliament is centered around the mission of "Support the private sector so they can feed the nation." (ii) May 26, The Samoan government unveiled its second stimulus package of WST83 million (about USD29.88 million) to help the country's private sector battle against COVID-19. The measures tabled to the parliament include an extension of utility subsidies, retraining programs for unemployed workers, increases in monthly pensions, one-off cash payments to citizens, assistance to exporters, and support for nongovernment organizations; (iii) June 30, Parliament approved the FY2021 budget, including the second phase of the fiscal and economic response package that amounts to WST83.1 million. The budget is centered around the mission of “Weaving a prosperous and secure future for Samoa together,” and includes a similar set of measures as in the first stimulus package.
|Samoa||05A||05A - Health support||WST||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
No amount/estimate: (i) April, The package includes expenditure to cover immediate medical response (See Measure 5: Government support to income/revenue). The government has been stepping up its efforts to increase the level of preparedness and prevention. Temporary quarantine facilities have been established in key areas; (ii) June 30, The health sector continues to be a priority sector for the government in light of the COVID19 pandemic. The package finances construction and upgrade of rural hospitals.
|Samoa||05B||05B - Income support||WST||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); Government of Samoa. https://www.samoagovt.ws/2020/07/presentation-of-governments-stimulus-package-assistance-for-vulnerable-groups/ (accessed 7 August 2020).||
No amount/estimate: April: (i) Support for the private sector includes (a) a temporary exemption on import duties on most commonly bought food items for households, (b) duty concessions to be applied to an expanded list of agricultural and fishing materials, and (c) a 6-month moratorium on pension contributions for the hospitality sector (See Measure 5: Government support to income/revenue); (ii) Support for citizens includes (a) establishment of the Emergency Price Control Board to keep wholesale and retail prices in check and bring them down, if necessary; (b) provision of financial assistance to members of the National Provident Fund in the form of a refund of their loan payments for March 2020; (c) and a temporary reduction of utility bills (both electricity and water) for 6 months through September 2020 (See Measure 5: Government support to income/revenue); (iii) To compensate part of the losses in interest income from the 3-month grace period applied to loan payments, local commercial banks will receive payments from the government; (iv) June 30, The second package provides a dividend payout by Samoa National Provident Fund, a benefit of WST50 per citizen for a national ID registration, a special one-off pension payment, unemployment benefit, financial support for utility bills, and paid training for the hospitality sector. The government will also continue to assist remote education services; (v) July 22, The Government of Samoa extends its financial assistance, as part of the Phase II of its COVID-19 stimulus package, to select nonprofit organizations within the country who work toward providing support services to citizens deemed as most vulnerable.
|Samoa||11||11 - Other Economic Measures||WST|
|Solomon Islands||05||05 - Health and income support||SBD||309,000,000||37,668,469|
|Solomon Islands||05A||05A - Health support||SBD||Solomon Islands Government. https://solomons.gov.sb/solomon-islands-government-economic-stimulus-package-to-address-the-impacts-of-the-covid-19-pandemic/ (accessed 11 June 2020).||
May 6, Part of the stimulus package provided by the government includes a USD10 million health grant to support health needs of the provincial health hospitals, clinics, and rural health centers (See package in Measure 5B).