Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Cook Islands 02 02 - Credit creation NZD
Cook Islands 02A 02A - Financial sector lending/funding NZD
Cook Islands 02B 02B - Support policies for long-term lending NZD
Cook Islands 02B1 02B1 - Interest rate adjustments NZD
Cook Islands 02B2 02B2 - Other policies to support long-term lending NZD
Cook Islands 02C 02C - Loan guarantees NZD
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
Federated States of Micronesia 02 02 - Credit creation USD
Federated States of Micronesia 02A 02A - Financial sector lending/funding USD
Federated States of Micronesia 02B 02B - Support policies for long-term lending USD
Federated States of Micronesia 02B1 02B1 - Interest rate adjustments USD
Federated States of Micronesia 02B2 02B2 - Other policies to support long-term lending USD
Federated States of Micronesia 02C 02C - Loan guarantees USD
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
Fiji 02 02 - Credit creation FJD 60,000,000 27,228,172
Fiji 02A 02A - Financial sector lending/funding FJD 60,000,000 27,228,172 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

The Reserve Bank of Fiji raised its Natural Disaster and Rehabilitation Facility to FJD60 million to include businesses affected by epidemics or pandemics, renaming it the Disaster Rehabilitation and Containment Facility.

Fiji 02B 02B - Support policies for long-term lending FJD
Fiji 02B1 02B1 - Interest rate adjustments FJD International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

No amount/estimate: The Reserve Bank of Fiji reduced the overnight policy rate to 0.25% from 0.5% on 18 March 2020 to counter the economic impact of COVID-19.

Fiji 02B2 02B2 - Other policies to support long-term lending FJD
Fiji 02C 02C - Loan guarantees FJD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

No amount/estimate: The Reserve Bank of Fiji expanded the SME Credit Guarantee Scheme to assist small entities.

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.

Hong Kong, China 02 02 - Credit creation HKD 70,400,000,000 9,066,206,488
Hong Kong, China 02A 02A - Financial sector lending/funding HKD
Hong Kong, China 02B 02B - Support policies for long-term lending HKD
Hong Kong, China 02B1 02B1 - Interest rate adjustments HKD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020).

No amount/estimate: Under the currency board arrangement, the Base Rate was adjusted downward to 1.5% and 0.86% on 4 and 16 March 2020, respectively, according to a pre-set formula, following the downward shifts in the target range for the United States (US) federal funds rate.

Hong Kong, China 02B2 02B2 - Other policies to support long-term lending HKD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020); Hong Kong Monetary Authority. https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2020/20200330e1.pdf (accessed 15 April 2020).

No amount/estimate: (i) The jurisdictional countercyclical capital buffer was reduced further from 2% to 1% on 16 March 2020. (ii) The implementation of the various requirements under the Basel III framework have also been deferred.

Hong Kong, China 02C 02C - Loan guarantees HKD 70,400,000,000 9,066,206,488 HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/04/20200418-3/ (accessed 6 May 2020). HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/05/20200529-8/ (accessed 4 May 2020). The Standard. https://www.thestandard.com.hk/section-news/section/2/219763/HK-export-insurer-doubles-credit-limit (accessed 11 June 2020). News.gov.hk. https://www.news.gov.hk/eng/2020/09/20200902/20200902_164321_258.html?type=category&name=covid19 (accessed 4 September 2020). HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/09/20200915-7/ (accessed 17 September 2020). HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2021/02/20210224-3/ (accessed 5 March 2021).

(i) Introduction of low-interest loans for small and medium-sized enterprises (SMEs) with 100%, 90% and 80% guarantees from authorities. On 29 May 2020, authorities announced enhancements to the 80% and 90% guarantee products by raising the maximum loan amounts, extending coverage to listed companies and duration to 12 months; guaranteed loans and new applications are eligible for interest subsidy for up to 12 months. On 2 September 2020, the period of application was extended to 31 March 2021. On 15 September 2020, the maximum loan amounts were further increased and the repayment period extended from 3 years to 5 years along with a further increase in the total guarantee commitment to HKD70 billion (from the increased HKD50 billion previously and HKD20 billion originally). (ii) 8 June 2020, HKG400 million guarantee from the Anti-Epidemic Fund for the 100% Credit Limit Top-Up Scheme where the Hong Kong Export Credit Insurance Corporation increases buyers' credit limits of its policyholders by 100%. (iii) No amount/estimate: 24 February 2021, HKMC Insurance Limited's application period for the Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) will be extended to December 21, 2021. Other enhancements were also made to the program. Under the enhancement measures, eligible enterprises should have been operating for at least three months as at 30 June 2020, and have suffered at least a 30% decline in sales turnover in any month since February 2020 compared with the monthly average of any quarter from early 2019 to mid-2020. The maximum amount of loan per enterprise will be raised from the total amount of employee wages and rents for 12 months to that for 18 months, or HK$6 million (originally HK$5 million), whichever is lower. Meanwhile, the maximum repayment period of the guaranteed loans will be increased from 5 years to 8 years, and the principal moratorium arrangement will be extended from up to 12 months to up to 18 months .

Hong Kong, China 07 07 - Central bank financing government HKD
Hong Kong, China 07A 07A - Direct lending and reserve drawdown HKD
Hong Kong, China 07B 07B - Secondary purchase: government securities HKD
Kiribati 02 02 - Credit creation AUD
Kiribati 02A 02A - Financial sector lending/funding AUD
Kiribati 02B 02B - Support policies for long-term lending AUD
Kiribati 02B1 02B1 - Interest rate adjustments AUD
Kiribati 02B2 02B2 - Other policies to support long-term lending AUD
Kiribati 02C 02C - Loan guarantees AUD