|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Cook Islands||05B||05B - Income support||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||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||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||05B||05B - Income support||FJD|
|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||05B||05B - Income support||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||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||09||09 - International Assistance Provided||USD|
|Marshall Islands||09A||09A - Swaps||USD|
|Marshall Islands||09B||09B - International loans/grants||USD|
|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||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||09||09 - International Assistance Provided||AUD|
|Nauru||09A||09A - Swaps||AUD|
|Nauru||09B||09B - International loans/grants||AUD|
|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||05B||05B - Income support||NZD|
|Niue||09||09 - International Assistance Provided||NZD|
|Niue||09A||09A - Swaps||NZD|
|Niue||09B||09B - International loans/grants||NZD|
|Niue||11||11 - Other Economic Measures||NZD|
|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|
|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||09||09 - International Assistance Provided||PGK|