Pacific

Sum of Measures 1—5 (Total Package)

Total Package in USD Million:
% of GDP (2019): N/A
% of Regional Total Package: N/A
Package Per Capita in USD: N/A
Measure Amount (Local) Amount (USD) Details Update Source
01 - Liquidity Support info_outline
01A - Short-term lending info_outline
01B - Support policies for short-term lending info_outline
01C - Forex operations info_outline
02 - Credit creation info_outline
02A - Financial sector lending/funding info_outline
02B - Support policies for long-term lending info_outline
02C - Loan guarantees
03 - Direct long-term lending info_outline
03A - Long-term lending info_outline
03B - Forbearance
04 - Equity support info_outline
05 - Government support to income/revenue
05A - Health
05B - Non-health
06 - Budget reallocation info_outline
07 - Central bank financing government
07A - Direct lending & reserve drawdown
07B - Secondary purchase: government securities
08 - International Assistance Received AUD8,975,733 USD5,990,000
08A - Swaps info_outline
08B - International loans/grants AUD8,975,733 USD5,990,000
08B1 - Asian Development Bank AUD4,780,065 USD3,190,000

(i) April 15, USD0.02 million under the Strengthening Social Protection in the Pacific project; (ii) April 24, USD0.13 million under the Developing the Pacific Health Sector (Additional Financing); (iii) April 30, 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. June 29, the amount committed increased to USD0.75 million; (iv) June 5, USD0.14 million under the Pacific Economic Management, Phase 3 (Additional Financing); (iv) July 24, USD0.4 million under the Strengthening Social Protection in the Pacific (Additional financing); (v) July 29, USD1.5 million under the COVID-19 Emergency Response from the Asia Pacific Disaster Response Fund-Government of Japan; (vi) June 24, USD0.09 million under the Supporting Public Sector Management Reforms [update]; (vii) August 10, USD0.10 million under the Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (viii) August 12, USD0.06 million under the Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries.

08B2 - Other AUD4,195,668 USD2,800,000

(i) May, USD0.3 million under the United Nations (UN) COVID-19 Response and Recovery Multi-Partner Trust Fund (COVID-19 MPTF); (ii) June 26, The World Bank approved USD2.5 million funding to build capacity for essential service delivery to prepare Kiribati for COVID-19 and other future public health threats.

09 - International Assistance Provided
09A - Swaps info_outline
09B - International loans/grants
10 - No breakdown
11 - Other Economic Measures
12 - Non-Economic Measures

(i) January, Travel restrictions have been in place; (ii) March 17, A press release to prevent speculations and panic was released and government task forces have been formed to address commodities and cargo buffers, communication and awareness, isolation centers and containment efforts, and border control; (iii) March 21, Borders have been closed except for delivery of essential goods (quarantine requirements apply at all ports); and (iv) March 28, A state of public emergency has been declared and schools are suspended.