Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Cook Islands 11 11 - Other Economic Measures NZD
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 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 11 11 - Other Economic Measures AUD
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 and no exchange rate and BOP measures.

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).

April 2020, The authorities have reprioritized expenditures and drawn down on cash buffers and general reserves to support the fiscal measures, including necessary medical expenditures.

Niue 11 11 - Other Economic Measures NZD
Palau 11 11 - Other Economic Measures USD
Papua New Guinea 11 11 - Other Economic Measures PGK
Samoa 11 11 - Other Economic Measures WST
Solomon Islands 11 11 - Other Economic Measures SBD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020); Solomon Islands Government. https://solomons.gov.sb/government-issues-first-covid-19-domestic-development-bond/ (accessed 12 June 2020).

(i) 26 April 2020, The government issued its first COVID-19 domestic development bond of SBD120 million to finance its COVID-19 economic stimulus package; (ii) May 2020, To stimulate medium to long-term growth, the COVID-19 Bond will finance essential public services like health and education.

Tonga 11 11 - Other Economic Measures TOP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

Commercial banks are assisting their customers affected by the COVID-19 virus on a case by case basis and depending on individual customers’ circumstances by: (i) Reducing or suspending the principal loan repayments to interest only loan repayments; (ii) Restructuring loans to businesses that have reduced business hours, in affected sectors such as tourism and related industries like transportation and to individuals who have been laid off; (iii) Extending the terms of loans to reduce repayments; (iv) Reducing loan interest rates on a case by case basis; and (v) providing access to short-term funding, if required.

Tuvalu 11 11 - Other Economic Measures AUD
Vanuatu 11 11 - Other Economic Measures VUV