Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Palau 01 01 - Liquidity Support USD
Palau 01A 01A - Short-term lending USD
Palau 01B 01B - Support policies for short-term lending USD
Palau 01C 01C - Forex operations USD
Palau 02 02 - Credit creation USD
Palau 02A 02A - Financial sector lending/funding USD
Palau 02B 02B - Support policies for long-term lending USD
Palau 02B1 02B1 - Interest rate adjustments USD
Palau 02B2 02B2 - Other policies to support long-term lending USD
Palau 02C 02C - Loan guarantees USD
Palau 03 03 - Direct long-term lending USD
Palau 03A 03A - Long-term lending USD
Palau 03B 03B - Forbearance USD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 01 May 2020).

No amount/estimate: (i) Some private banks have introduced loan deferral and forbearance programs for three months; and (ii) The National Development Bank of Palau announced plans to provide financial relief to affected business and households, including interest only payments, term extension, loan consolidation, and temporary payment deferral.

Palau 04 04 - Equity support USD
Palau 05 05 - Health and income support USD 20,916,808 20,916,808
Palau 05A 05A - Health support USD 916,808 916,808 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 01 May 2020).

(i) The government is taking actions to support the health sector and the economy; (ii) The parliament is appropriating an additional USD916,808 (0.3% of GDP) to the Hospital Trust Fund to help with prevention and preparation for COVID-19.

Palau 05B 05B - Income support USD 20,000,000 20,000,000
Palau 05B1 05B1 - Tax and contribution deferrals and policy changes USD
Palau 05B2 05B2 - Tax and contribution rates reduction USD
Palau 05B3 05B3 - Subsidies to individuals and households USD
Palau 05B4 05B4 - Subsidies to businesses USD
Palau 05B5 05B5 - Indirect income support USD
Palau 05B6 05B6 - No breakdown (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).

(i) 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. There is no breakdown between these measures.

Palau 05C 05C - No breakdown (health and income support) USD
Palau 06 06 - Budget reallocation USD
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 08 08 - International Assistance Received USD 60,925,650 60,925,650
Palau 08A 08A - Swaps USD
Palau 08B 08B - International loans/grants USD 60,925,650 60,925,650
Palau 08B1 08B1 - Asian Development Bank USD 57,040,000 57,040,000 ADB. Table A1.2 Sovereign Lending and Asian Development Fund Grant Operations, Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (all accessed as of 5 February 2021).

(i) 15 April 2020, USD0.02 million announced by the ADB as part of the Strengthening Social Protection in the Pacific program. On 24 July 2020, additional USD0.04 million co-financing under the same program; (ii) 21 April 2020, USD15 million funding for a Disaster Resilience Program; (iii) 24 April 2020, USD0.13 million allocated by the ADB as additional funding to Palau under the Regional Project on Developing the Pacific Health Sector; (iv) USD0.18 million in Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases. As of 30 January 2021, this has been increased to USD0.32 million [update]; (v) 5 June 2020, USD0.14 million in financing under the Pacific Economic Management, Phase 3 project; (vi) 29 July 2020, USD1 million funding under the COVID-19 Emergency Response; (vii) 29 July 2020, USD20 million under the Health Expenditure and Livelihoods Support Program; (viii) 10 August 2020, USD0.10 million under the regional project, Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) 12 August 2020, USD0.06 million under the regional project, Support for Gender Sensitive Responses to COVID-19 in the Pacific Developing Member Countries; (x) 15 December 2020, USD20 million under the Pacific Disaster Resilience Program (Phase 3); (xi) 17 December 2020, USD0.1 million from the regional project, Supporting Recovery by Micro, Small and Medium-sized Enterprises in the Pacific from the Effects of the COVID-19 Pandemic; (xii) 18 December 2020, USD0.17 million from the regional project, Assessing and Improving COVID-response Capacity in the North Pacific .

Palau 08B2 08B2 - Other USD 3,885,650 3,885,650 US Department of Labor. https://www.dol.gov/newsroom/releases/eta/eta20200901 (accessed 16 September 2020). Homeland Security. https://www.hstoday.us/industry/over-1-billion-in-airport-grants-to-fund-safety-security-and-construction/ (accessed 11 September 2020). US Embassy in Georgia. https://ge.usembassy.gov/the-united-states-is-assisting-pacific-island-countries-to-respond-to-covid-19-april-22/ (accessed 28 May 2020); HRSA. https://bphc.hrsa.gov/emergency-response/coronavirus-cares-FY2020-awards/pw (accessed 22 May 2020).

(i) 20 April 2020, USD1.16 million Coronavirus Aid, Relief, and Economic Security Act Supplemental Funding from the United States; (ii) 1 April 2020, USD1.01 million supplemental funding from the US Department of Health and Human Services (HHS) as part of its CDC program; (iii) 27 March 2020, USD1.59 million in additional supplemental funding from the DOI Office of Insular Affairs' Technical Assistance Program; (iv) 24 March 2020, USD25,650 in funding from the HHS Office of the Assistant Secretary for Preparedness and Response (ASPR) for planning, staffing, purchasing PPE, among others; (v) 1 September 2020, The US Department of Labor announced USD100,000 in funding to support state efforts to combat fraud and recover improper payments in the Unemployment Insurance (UI) program, including those programs created under the Coronavirus Aid, Relief and Economic Security (CARES) Act; (vi) No amount/estimate: 5 September 2020, the U.S. Secretary of Transportation has announced that they will award more than USD1.2 billion in airport safety and infrastructure grants through the Federal Aviation Administration (FAA) to 405 airports in 50 states and the Federated States of Micronesia, the Marshall Islands, the Northern Mariana Islands, Puerto Rico, Palau, and the U.S. Virgin Islands. The Administration sees this move as especially important as economies recover from the COVID-19 pandemic.

Palau 09 09 - International Assistance Provided USD
Palau 09A 09A - Swaps USD
Palau 09B 09B - International loans/grants USD
Palau 10 10 - No breakdown USD
Palau 11 11 - Other Economic Measures USD
Palau 12 12 - Non-Economic Measures USD
Palau 12A 12A - Measures affecting travel and transport (local and international) USD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 21 January 2020).

(i) The authorities have adopted early prevention and containment measures. These include temporary bans on international air and sea travel, health screening at ports of entry, and some other measures reflected in 12C; (ii) 31 July 2020, the government announced the re-establishment of essential air services, allowing a minimum number of flights for emergencies, repatriation, medical referral, and worker recruitment. Regular commercial air travel remains temporary suspended; (iii) January 2021, All travelers (even essential workers and residents) have to quarantine and are required to test 72 hours prior to arrival in Palau. Passengers from low risk areas such as Taipei,China are required to observe a 7-day mandatory quarantine in a designated government facility, and are tested on days 1, 7, and 14. Passengers from high risk areas are placed under mandatory quarantine for 14 days and are tested on days 1, 7, 14, and 21.

Palau 12B 12B - Measures affecting business and workplace USD
Palau 12C 12C - Others USD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 October 2020).

(i) School closures, and restrictions on public events were also in effect due to the early prevention and containment measures; (ii) Schools will reopen on 3 August 2020 with safety measures.