|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||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 reductions||NZD|
|Cook Islands||02B2||02B2 - Other policies to support long-term lending||NZD|
|Cook Islands||02C||02C - Loan guarantees||NZD|
|Cook Islands||03||03 - Direct long-term lending||NZD|
|Cook Islands||03A||03A - Long-term lending||NZD|
|Cook Islands||03B||03B - Forbearance||NZD|
|Cook Islands||04||04 - Equity support||NZD|
|Cook Islands||05||05 - Health and income support||NZD||61,380,000||37,132,486||Ministry of Finance and Economic Management. http://www.mfem.gov.ck/images/MFEM_Documents/COVID-19/Cook_Islands_Economic_Response_to_COVID-19.pdf (accessed 13 April 2020).||
The Government’s COVID-19 Economic Response Plan with a total value of NZD61 million has three objectives. The first is to stimulate demand through support to local business to ensure that the economy is able to continue to operate, even at a reduced level, during this period of extreme uncertainty surrounding COVID-19. The second is to support the livelihoods of those that are likely to be most affected by the economic fallout, including those required to self-isolate, those that lose their jobs and the elderly and infirm. The third objective is to achieve the first two objectives in a fiscally responsible manner that does not undermine the Government’s ability to undertake further fiscal intervention over the longer-term, should that prove necessary.
|Cook Islands||05A||05A - Health support||NZD||7,300,000||4,416,213||
(i) NZD5 million, Ministry of Health; (ii) NZD2.3 million support for self-isolation.
|Cook Islands||05B||05B - Income support||NZD||54,080,000||32,716,273|
|Cook Islands||05B1||05B1 - Tax and contribution deferrals and policy changes||NZD|
|Cook Islands||05B2||05B2 - Tax and contribution rates reduction||NZD|
|Cook Islands||05B3||05B3 - Wage support and subsidies to individuals and households||NZD||25,400,000||15,366,001||Ministry of Finance and Economic Management. http://www.mfem.gov.ck/images/MFEM_Documents/COVID-19/Cook_Islands_Economic_Response_to_COVID-19.pdf (accessed 13 April 2020).||
(iv) NZD0.97 million unemployment benefit; (ii) NZD22.51 million wage subsidy; (iii) NZD1 million child benefit payment; (iv) NZD0.87 million one-off welfare payment; (v) NZD50 thousand redeployment program.
|Cook Islands||05B4||05B4 - Subsidies to business||NZD||3,360,000||2,032,668||Ministry of Finance and Economic Management. http://www.mfem.gov.ck/images/MFEM_Documents/COVID-19/Cook_Islands_Economic_Response_to_COVID-19.pdf (accessed 13 April 2020).||
(i) NZD3.36 million business grants.
|Cook Islands||05B5||05B5 - Indirect income support||NZD||14,000,000||8,469,449||
(i) NZD2 million small capital works program; (ii) NZD12 million major capital projects.
|Cook Islands||05B6||05B6 - No breakdown (income support)||NZD||11,320,000||6,848,155||
NZD11.32 million indirect costs (tax relief, TAU,etc).
|Cook Islands||05C||05C - No breakdown (health and income support)||NZD|
|Cook Islands||06||06 - Budget reallocation||NZD|
|Cook Islands||07||07 - Central bank financing government||NZD|
|Cook Islands||07A||07A - Direct lending & reserve drawdown||NZD|
|Cook Islands||07B||07B - Secondary purchase: government securities||NZD|
|Cook Islands||08||08 - International Assistance Received||NZD||26,158,270||15,824,725|
|Cook Islands||08A||08A - Swaps||NZD|
|Cook Islands||08B||08B - International loans/grants||NZD||26,158,270||15,824,725|
|Cook Islands||08B1||08B1 - Asian Development Bank||NZD||19,158,270||11,590,000||ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 17 July 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 14 August 2020); ADB. 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 (as of 17 July 2020).||
(i) USD0.27 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; [update as of 17 July 2020] (ii) 15 April 2020, USD0.1 million technical assistance under Strengthening Social Protection in the Pacific; (iii) 24 April 2020, USD0.11 million technical assistance under Developing the Pacific Health Sector (Additional Financing); (iv) 5 June 2020, USD0.17 million technical assistance under Pacific Economic Management (Additional Financing); (v) 29 June 2020, USD9.73 million Disaster Resilience Program, Phase 2; (vi) 24 June 2020, USD0.06 million technical assistance under Supporting Public Sector Management Reforms. ; (vii) 29 July 2020, USD1 million under COVID-19 Emergency Response; (viii) 10 August 2020, USD0.05 million under Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) 12 August 2020, USD0.10 million technical assitance under "Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries.
|Cook Islands||08B2||08B2 - Other||NZD||7,000,000||4,234,725||Government of the Cook Islands. https://cit-covid19.s3-ap-southeast-2.amazonaws.com/Government+of+the+Cook+Islands+18+May.pdf (accessed 21 May 2020).||
By end of March, NZD7 million from New Zealand in direct budgetary support for the Cook Islands' COVID-19 response measures.
|Cook Islands||09||09 - International Assistance Provided||NZD|
|Cook Islands||09A||09A - Swaps||NZD|
|Cook Islands||09B||09B - International loans/grants||NZD|
|Cook Islands||10||10 - No breakdown||NZD|
|Cook Islands||11||11 - Other Economic Measures||NZD|
|Cook Islands||12||12 - Non-Economic Measures||NZD|
|Cook Islands||12A||12A - Measures affecting travel and transport (local and international)||NZD|
|Cook Islands||12B||12B - Measures affecting business and workplace||NZD||COVID-19 Cook Islands Response. https://covid19.gov.ck/?v=1588300681872 (1 May 2020).||
16 April 2020, 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
|Cook Islands||12C||12C - Others||NZD||COVID-19 Cook Islands Response. https://covid19.gov.ck/?v=1588300681872 (1 May 2020).||
30 October 2020, decided to lift the requirement for incoming travellers to spend 14 days in supervised quarantine on arrival.