|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|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||02||02 - Credit creation||USD|
|Marshall Islands||02A||02A - Financial sector lending/funding||USD|
|Marshall Islands||02B||02B - Support policies for long-term lending||USD|
|Marshall Islands||02B1||02B1 - Interest rate adjustments||USD|
|Marshall Islands||02B2||02B2 - Other policies to support long-term lending||USD|
|Marshall Islands||02C||02C - Loan guarantees||USD|
|Marshall Islands||03||03 - Direct long-term lending||USD|
|Marshall Islands||03A||03A - Long-term lending||USD|
|Marshall Islands||03B||03B - Forbearance||USD|
|Marshall Islands||04||04 - Equity support||USD|
|Marshall Islands||05||05 - Health and income support||USD||42,000,000||42,000,000|
|Marshall Islands||05A||05A - Health support||USD|
|Marshall Islands||05B||05B - Income support||USD|
|Marshall Islands||05B1||05B1 - Tax and contribution deferrals and policy changes||USD|
|Marshall Islands||05B2||05B2 - Tax and contribution rates reduction||USD|
|Marshall Islands||05B3||05B3 - Subsidies to individuals and households||USD|
|Marshall Islands||05B4||05B4 - Subsidies to businesses||USD||Office of the President and Cabinet. https://rmigov.info/?p=792 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=853 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=926 (accessed 3 September 2020).||
No amount/estimate: As of 7 August 2020, 23 local businesses received financial assistance under the Pandemic (COVID-19) Economic Relief Program (PCERP).
|Marshall Islands||05B5||05B5 - Indirect income support||USD|
|Marshall Islands||05B6||05B6 - No breakdown (income support)||USD|
|Marshall Islands||05C||05C - No breakdown (health and income support)||USD||42,000,000||42,000,000||Ministry of Finance. COVID-19 Finances (accessed 27 May 2020); International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020, 7 August 2020). Office of the President and Cabinet. https://rmigov.info/?p=500 (accessed 3 September 2020).||
April 2020, The government has formulated a Coronavirus Disease Preparedness and Response Plan and is preparing preventive measures amounting to about USD7 million, including construction of quarantine units, purchases of medical equipment, installment of washing stations, and funding for overtime of health workers. 19 May 2020, The cost of the Plan (also being referred to as COVID-19 Pandemic Response Plan) that currently stands at USD37 million now includes education and logistics cluster needs. The funds from the reprogrammed 1st and 2nd quarter unused salaries from the General Fund and the financial assistance from bilateral and multilateral partners have assisted the Government with its preparatory work for the entire Marshall Islands, as well as, provide some economic relief to the private sector most affected by the COVID-19. As of 30 July 2020, The Government has approved a budget of USD42 million for the national preparedness plan in response to the global health pandemic on COVID-19.
|Marshall Islands||06||06 - Budget reallocation||USD||2,200,000||2,200,000||Ministry of Finance. COVID-19 Finances (accessed 27 May 2020)||
19 May 2020, The Cabinet approved a reprogramming of USD2.2 million from 1st to 2nd quarter unused salaries from the General Fund to finance the Coronavirus Disease Preparedness and Response Plan.
|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||08||08 - International Assistance Received||USD||45,413,813||45,413,813|
|Marshall Islands||08A||08A - Swaps||USD|
|Marshall Islands||08B||08B - International loans/grants||USD||45,413,813||45,413,813|
|Marshall Islands||08B1||08B1 - Asian Development Bank||USD||31,980,000||31,980,000||ADB||
(i) 31 March 2020, USD0.37 million under the COVID-19 Emergency Response project; (ii) 15 April 2020, USD0.02 million under the Strengthening Social Protection in the Pacific project; (iii) 21 April 2020, USD6 million under the Pacific Disaster Resilience Program (Phase 2); (iv) 24 April 2020, USD0.13 million under the Developing the Pacific Health Sector (Additional Financing) project; (v) 30 April 2020, USD0.71 million is the estimated support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases. As of 13 July 2020, the estimated support amounted to USD0.59 million; (vi) 5 June 2020, USD0.14 million under Pacific Economic Management, Phase 3 (Additional Financing); (vii) 24 July 2020, USD0.04 million under the Strengthening Social Protection in the Pacific (Additional financing); (viii) 29 July 2020, USD0.63 million under the COVID-19 Emergency Response; (ix) 10 August 2020, USD0.20 million under the Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (x) 12 August 2020, USD0.06 million under the Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries; (xi) 24 November 2020, USD6 million under the Pacific Disaster Resilience Program (Phase 3); (xii) 8 December 2020, USD1.5 million under the Ebeye Solid Waste Management Project in the Marshall Islands; (xiii) 11 December 2020, USD16 million under the Health Expenditure and Livelihood Support Program; (xiv) 17 December 2020, USD0.13 million under the Supporting Recovery by Micro, Small and Medium-sized Enterprises in the Pacific from the Effects of the COVID-19 Pandemic; (xv) 18 December 2020, USD0.17 million under the Assessing and Improving COVID-response Capacity in the North Pacific.
|Marshall Islands||08B2||08B2 - Other||USD||13,433,813||13,433,813||Health Resources and Services Administration (HRSA). https://bphc.hrsa.gov/emergency-response/coronavirus-covid19-FY2020-awards/mh (accessed 19 April 2020); U.S. Embassy in Georgia. https://ge.usembassy.gov/the-united-states-is-assisting-pacific-island-countries-to-respond-to-covid-19-april-22/ (accessed 19 April 2020); HRSA. https://bphc.hrsa.gov/emergency-response/coronavirus-cares-FY2020-awards/mh (accessed 19 April 2020); World Bank. https://www.worldbank.org/en/news/press-release/2020/04/20/world-bank-support-for-marshall-islands-covid-19-response (accessed 19 April 2020); HRSA. https://bphc.hrsa.gov/emergency-response/expanding-capacity-coronavirus-testing-FY2020-awards/mh (accessed 28 May 2020); U.S. Department of the Interior. https://www.doi.gov/oia/covid19 (accessed 28 May 2020). Office of the President and Cabinet. https://rmigov.info/?p=662 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=674 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=731 (accessed 3 September 2020). Office of the President and Cabinet. https://rmigov.info/?p=922 (accessed 3 September 2020). 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 16 September 2020).||
(i) 24 March 2020, USD73,802 under Marshall Islands Coronavirus (COVID-19) Awards through the Health Resources and Services Administration (HRSA); (ii) 27 March 2020, USD3,894,720 through the DOI Office of Insular Affairs’ Technical Assistance Program under the CARES Act; (iii) Announced on 16 March 2020 and supplemented on 1 April 2020, USD1,103,263.40 through the Centers for Disease Control and Prevention (CDC); (iv) 30 March 2020, USD26,168 through the Department of Health and Human Services (HHS), Office of the Assistant Secretary for Preparedness and Response (ASPR); (v) 8 April 2020, USD853,055 under Marshall Islands CARES Supplemental Funding Awards through the Health Resources and Administration; (vi) 18 April 2020, The World Bank approved a USD2.5 million emergency project for the Republic of Marshall Islands to support the country’s fight against COVID-19. The grant will provide rapid support to better prevent and respond to the threat posed by the coronavirus and support longer term systems strengthening for public health emergencies; (vii) May 2020, USD216,139 under Marshall Islands Expanding Capacity for Coronavirus Testing Awards through the Health Resources and Services Administration; (viii) 12 June 2020, Approximately USD3 million under the Government of Japan’s Economic and Social Development Program for procuring medical equipment that is particularly timely during this COVID-19 pandemic; (ix) No amount/estimate: The RMI received GeneXpert testing kits from the Government of Australia which are part of the Australian Government’s support to strengthen the RMI’s capability in combating COVID-19; (x) 25 June 2020, USD1 million from Taipei,China that will be utilized by Neighboring Islands Preparedness Plan under the RMI Coronavirus (COVID-19) Pandemic Preparedness and Response Plan; (x) No amount/estimate: 22 August 2020, The US Department of Labor approved the RMI’s Implementation Plan further to the RMI’s eligibility for the Pandemic Unemployment Assistance (PUA) under the CARES Act. PUA benefits are payable up to 39 weeks; (xi) 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; (xii) 5 September 2020, USD666,666 is awarded as airport safety and infrastructure grants through the US Federal Aviation Administration (FAA) under the Airport Improvement Program (AIP).
|Marshall Islands||09||09 - International Assistance Provided||USD|
|Marshall Islands||09A||09A - Swaps||USD|
|Marshall Islands||09B||09B - International loans/grants||USD|
|Marshall Islands||10||10 - No breakdown||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 and no exchange rate and BOP measures.
|Marshall Islands||12||12 - Non-Economic Measures||USD|
|Marshall Islands||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 (accessed 13 April 2020, 14 May 2020, 24 June 2020).||
(i) 24 January 2020, Travel restrictions from affected countries have been imposed; (ii) 8 March 2020, Entry of all international travelers by commercial flight has been suspended; (iii) April 2020, 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 2020, 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 a 14-day quarantine.
|Marshall Islands||12B||12B - Measures affecting business and workplace||USD|
|Marshall Islands||12C||12C - Others||USD||RMI National Disaster Management Office (NDMO). https://ndmo.gov.mh/resource-library/#resource-browser (accessed 3 February 2021).||
As of 29 January 2021, the National Disaster Committee (NDC) will submit a recommendation to the Cabinet for the extension of State of Emergency (SOE), including an updated RMI National Pandemic Response Plan and Budget, and Travel Advisory, as it expires on 7 February 2021 [update].