Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Cook Islands 01 - Liquidity Support
Cook Islands 01A - Short-term lending
Cook Islands 01B - Support policies for short-term lending
Cook Islands 01C - Forex operations
Cook Islands 02 - Credit creation
Cook Islands 02A - Financial sector lending/funding
Cook Islands 02B - Support policies for long-term lending
Cook Islands 02C - Loan guarantees
Cook Islands 03 - Direct long-term lending
Cook Islands 03A - Long-term lending
Cook Islands 03B - Forbearance
Cook Islands 04 - Equity support
Cook Islands 05 - Government support to income/revenue 61,000,000 36,902,601 Ministry of Finance and Economic Management. (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. Breakdown as follows: (i) NZD5 million, Ministry of Health; (ii) NZD2.3 million support for self-isolation; (iii) NZD2 million small capital works program; (iv) NZD12 million major capital projects; (v) NZD0.97 million unemployment benefit; (vi) NZD22.51 million wage subsidy; (vii) NZD1 million child benefit payment; (vii) NZD0.87 million one-off welfare payment; (viii) NZD50 thousand redeployment program; (ix) NZD3.36 million business grants; (x) NZD2.32 million indirect costs (tax relief, TAU,etc).

Cook Islands 05A - Health
Cook Islands 05B - Non-health
Cook Islands 06 - Budget reallocation
Cook Islands 07 - Central bank financing government
Cook Islands 07A - Direct lending & reserve drawdown
Cook Islands 07B - Secondary purchase: government securities
Cook Islands 08 - International Assistance Received 26,158,270 15,824,725
Cook Islands 08A - Swaps
Cook Islands 08B - International loans/grants 26,158,270 15,824,725
Cook Islands 08B1 - Asian Development Bank 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 July 17] (ii) April 15, USD0.1 million technical assistance under Strengthening Social Protection in the Pacific; (iii) April 24, USD0.11 million technical assistance under Developing the Pacific Health Sector (Additional Financing); (iv) June 5, USD0.17 million technical assistance under Pacific Economic Management (Additional Financing); (v) June 29, USD9.73 million Disaster Resilience Program, Phase 2; (vi) June 24, USD0.06 million technical assistance under Supporting Public Sector Management Reforms. [update]; (vii) July 29, USD1 million under COVID-19 Emergency Response; (viii) August 10, USD0.05 million under Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) August 12, USD0.10 million technical assitance under "Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries.

Cook Islands 08B2 - Other 7,000,000 4,234,725 Government of the Cook Islands. (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 - International Assistance Provided
Cook Islands 09A - Swaps
Cook Islands 09B - International loans/grants
Cook Islands 10 - No breakdown
Cook Islands 11 - Other Economic Measures
Cook Islands 12 - Non-Economic Measures COVID-19 Cook Islands Response. (1 May 2020).

(i) April 16, 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.