|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Cook Islands||01||01 - Liquidity Support||NZD|
|Cook Islands||01A||01A - Short-term lending||NZD|
|Cook Islands||01B||01B - Support policies for short-term lending||NZD|
|Cook Islands||01C||01C - Forex operations||NZD|
|Cook Islands||04||04 - Equity support||NZD|
|Cook Islands||12||12 - Non-Economic Measures||NZD||COVID-19 Cook Islands Response. https://covid19.gov.ck/?v=1588300681872 (1 May 2020).||
(i) April 16, Prime Minister, Hon. Henry Puna, declared the Cook Islands "a COVID-19 free zone", however the country remains in Code Yellow with relaxed restrictions; and (ii) Restrictions have been lifted for the following areas (a) schools are now open, (b) travel between the Pa Enua (Outer Islands) open, (c) churches are now open, (d) social gatherings are no longer limited to 10 people, (e) alcohol retail sales extended until 6pm, (f) non-contact sports may resume, and (g) restaurants & cafes may re-open.
|European Central Bank||01||01 - Liquidity Support||EUR|
|European Central Bank||01A||01A - Short-term lending||EUR||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020).||
No amount/estimate: 12 March, Conducting additional longer-term refinancing operations (LTROs) temporarily (with an interest rate equal to the average rate on the deposit facility, -0.50% currently).
|European Central Bank||01B||01B - Support policies for short-term lending||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020); OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020).||
No amount/estimate: (i) The ECB also announced a broad package of collateral easing measures for Eurosytem credit operations in early April. These include a permanent collateral haircut reduction of 20 percent for non-marketable assets, and temporary measures for the duration of the PEPP (with a view to re-assess their effectiveness before the end of 2020) such as a reduction of collateral haircuts by 20 percent and expansion of collateral eligibility to include Greek sovereign bonds as well as an expansion of the scope of so-called additional credit claims framework so that it may also include public sector-guaranteed loans to SMEs, self-employed individuals, and households. In a move to mitigate the impact of possible rating downgrades on collateral availability , on April 22, the ECB also announced that it would grandfather until September 2021 the eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements of “BBB-“ (“A-“ for asset-backed securities) as long as their rating remains at or above “BB” and “BB+”, respectively. Assets that fall below these minimum credit quality requirements will be subject to haircuts based on their actual ratings; (ii) Allow major banks (directly supervised by the ECB) to operate temporarily below the level of capital defined by the Pillar 2 Guidance (P2G), the capital conservation buffer (CCB) and the liquidity coverage ratio (LCR).
|European Central Bank||01C||01C - Forex operations||EUR|
|European Central Bank||04||04 - Equity support||EUR|
|European Central Bank||12||12 - Non-Economic Measures||EUR|
|European Union||01||01 - Liquidity Support||EUR||10,000,000,000||11,061,946,903|
|European Union||01A||01A - Short-term lending||EUR||10,000,000,000||11,061,946,903||EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_569 (accessed 16 April 2020).||
March, The European Investment Bank (EIB) dedicated liquidity lines to banks to ensure additional working capital support for small and medium enterprises (SMEs) and mid-caps of EUR10 billion.
|European Union||01B||01B - Support policies for short-term lending||EUR|
|European Union||01C||01C - Forex operations||EUR|
|European Union||04||04 - Equity support||EUR||549,000,000||607,300,885||EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020).||
(i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) June 8, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs.
|European Union||12||12 - Non-Economic Measures||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020).||
Most European countries have taken several containment measures ranging from lockdowns and travel restrictions to school closures and bans on large gatherings. Measures that favor teleworking were also widely implemented. The European Commission presented guidelines for exit strategies and called for a common framework across member states. The criteria include: (i) sustained reduction and stabilization of new cases, (ii) sufficient health system capacity such as adequate hospital beds, pharmaceutical products, and equipment, and (iii) appropriate monitoring capacity to quickly detect and isolate infected individuals as well as to trace contacts. The Commission invited Schengen Member States and Schengen Associated States to extend the temporary restriction on non-essential travel to the EU until 15 June and presented further guidance on a gradual lifting of border restrictions .
|Federated States of Micronesia||01||01 - Liquidity Support||USD|
|Federated States of Micronesia||01A||01A - Short-term lending||USD|
|Federated States of Micronesia||01B||01B - Support policies for short-term lending||USD|
|Federated States of Micronesia||01C||01C - Forex operations||USD|
|Federated States of Micronesia||04||04 - Equity support||USD|
|Federated States of Micronesia||12||12 - Non-Economic Measures||USD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).||
(i) The national and state governments have introduced travel restrictions; banning or requiring 14-day self-quarantine prior to entry into the Federated States of Micronesia; and restricting residents from traveling abroad; and (ii) The state of Chuuk closed schools.
|Fiji||01||01 - Liquidity Support||FJD|
|Fiji||01A||01A - Short-term lending||FJD|
|Fiji||01B||01B - Support policies for short-term lending||FJD|
|Fiji||01C||01C - Forex operations||FJD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).||
The Reserve Bank of Fiji tightened exchange controls on April 3 to ensure that adequate foreign reserves can be maintained. It reported foreign exchange reserves stood at FJD2,181.4 billion (6.8 months of retained imports) as of June 30, 2020.
|Fiji||04||04 - Equity support||FJD|
|Fiji||12||12 - Non-Economic Measures||FJD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).||
(i) The authorities have been proactive in their efforts to keep the virus out of Fiji by early imposition of travel restrictions; (ii) They reacted to the first confirmed case with a broad set of measures, including reinforced detection measures, restrictions on movements and gatherings, closures of schools and certain types of businesses (e.g. cinemas, gyms, etc.), a nationwide curfew and lockdowns of affected areas; and (iii) As the number of cases have remained constant since Mid-April, the authorities started relaxing containment and mitigation restrictions at the national level on April 26th; (iv) June 4, no new cases have been detected as of the past 30 days, and the last active case was cleared by authorities; (v) June 21, Phase 2 of Fiji’s COVID-safe Economic Recovery Plan leads to the gradual easing of some restrictions (e.g. national curfew, limitations on public gatherings) and the reopening of schools and certain recreational facilities under strict conditions. The reopening of the economy under Phase 2 has been tied up with the launch of CareFIJI, a contact-tracing mobile application. [update]
|Kiribati||01||01 - Liquidity Support||AUD|
|Kiribati||01A||01A - Short-term lending||AUD|
|Kiribati||01B||01B - Support policies for short-term lending||AUD|
|Kiribati||01C||01C - Forex operations||AUD|
|Kiribati||04||04 - Equity support||AUD|
|Kiribati||12||12 - Non-Economic Measures||AUD||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 13 April 2020).||
(i) January, Travel restrictions have been in place; (ii) March 17, A press release to prevent speculations and panic was released and government task forces have been formed to address commodities and cargo buffers, communication and awareness, isolation centers and containment efforts, and border control; (iii) March 21, Borders have been closed except for delivery of essential goods (quarantine requirements apply at all ports); and (iv) March 28, A state of public emergency has been declared and schools are suspended.
|Marshall Islands||01||01 - Liquidity Support||USD|
|Marshall Islands||01A||01A - Short-term lending||USD|
|Marshall Islands||01B||01B - Support policies for short-term lending||USD|
|Marshall Islands||01C||01C - Forex operations||USD|
|Marshall Islands||04||04 - Equity support||USD|
|Marshall Islands||12||12 - Non-Economic Measures||USD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020, 14 May 2020, 24 June 2020).||
(i) January 24, Travel restrictions from affected countries have been imposed; (ii) March 8, Entry of all international travelers by commercial flight has been suspended; (iii) April, To ensure food and other supplies, container vessels and fuel tankers have been exempted from entry restrictions, but with strict safety requirements including prohibition of human contacts and a minimum of 14 days between departure from ten restricted countries and arrival in Marshall Islands; (iv) May, To ensure continuity of transshipment services, a limited number of carrier vessels and purse seiners can enter Marshall Islands for transshipment, after spending 14 days at sea and only after clearance by corresponding agencies; and (v) Container vessels and fuel tankers that have a history of entering Majuro and Ebeye ports with same crew and corresponding health records can enter ports (no disembarkation) without 14-day quarantine.