Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
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 11 11 - Other Economic Measures NZD
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 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 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 11 11 - Other Economic Measures FJD US Embassy in Fiji, Kiribati, Nauru, Tonga, and Tuvalu. https://fj.usembassy.gov/united-states-and-fiji-sign-trade-and-investment-framework-agreement/ (accessed 29 October 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 December 2020).

(i) 16 October 2020, The Fijian Government and the United States signed Trade and Investment Framework Agreement (TIFA), first of its kind with the United States to promote trade and investment ties between the two countries; (ii) 25 November 2020, Tourism Fiji held the first ever virtual Fijian Tourism Expo (FTE) to promote tourism and business activities in the country. The Expo is aimed at bringing together potential investors from Australia, New Zealand and leading industrialists in Fiji.

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 11 11 - Other Economic Measures AUD
Marshall Islands 07 07 - Central bank financing government USD
Marshall Islands 07A 07A - Direct lending and reserve drawdown USD
Marshall Islands 07B 07B - Secondary purchase: government securities 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 2020, Since U.S. dollar is the legal tender of Marshall Islands, there is no monetary measure, as well as no exchange rate and BOP measures.

Nauru 07 07 - Central bank financing government AUD
Nauru 07A 07A - Direct lending and reserve drawdown AUD
Nauru 07B 07B - Secondary purchase: government securities AUD
Nauru 11 11 - Other Economic Measures AUD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).
Niue 07 07 - Central bank financing government NZD
Niue 07A 07A - Direct lending and reserve drawdown NZD
Niue 07B 07B - Secondary purchase: government securities NZD
Niue 11 11 - Other Economic Measures NZD
Palau 07 07 - Central bank financing government USD
Palau 07A 07A - Direct lending and reserve drawdown USD
Palau 07B 07B - Secondary purchase: government securities USD
Palau 11 11 - Other Economic Measures USD
Papua New Guinea 07 07 - Central bank financing government PGK
Papua New Guinea 07A 07A - Direct lending and reserve drawdown PGK
Papua New Guinea 07B 07B - Secondary purchase: government securities PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: BPNG has announced its intention to repurchase government securities in an open market quantitative easing program to provide liquidity to the holders of the instruments.

Papua New Guinea 11 11 - Other Economic Measures PGK
Samoa 07 07 - Central bank financing government WST
Samoa 07A 07A - Direct lending and reserve drawdown WST
Samoa 07B 07B - Secondary purchase: government securities WST
Samoa 11 11 - Other Economic Measures WST
Solomon Islands 07 07 - Central bank financing government SBD 60,000,000 7,314,266
Solomon Islands 07A 07A - Direct lending and reserve drawdown SBD