Sum of Measures 1—5 (Total Package)
|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||AUD9,100,000||USD6,072,931|
|05A - Health||AUD3,500,000||USD2,335,743||
April: (i) Fiscal measures have not been deployed yet. Initial estimates from the health department suggests an estimated AUD5 million for health expenditures and isolation costs per 500 individuals (approximately 4% of the population); (ii) Initial estimates for health expenditures and isolation costs per 500 individuals have been revised to AUD3.5 million.
|05B - Non-health||AUD5,600,000||USD3,737,188||
May: (i) Containment efforts have been sizable and expenditures on keeping the national airline and other state-owned enterprises (SOEs) afloat have been significant at about 5.5% of 2019 GDP. The immigration department estimates AUD5.1 million liquidity injections to Nauru Airlines, and an estimated AUD0.5 million in budget support to SOEs in managing inventory from limited freight and cargo services; (ii) The government has also used its cash buffers for the repatriation of Nauruans abroad.
|06 - Budget reallocation info_outline|
|07 - Central bank financing government|
|07A - Direct lending & reserve drawdown|
|07B - Secondary purchase: government securities|
|08 - International Assistance Received||AUD2,322,602||USD1,550,000|
|08A - Swaps info_outline|
|08B - International loans/grants||AUD2,322,602||USD1,550,000|
|08B1 - Asian Development Bank||AUD2,322,602||USD1,550,000||
(i) March 31, USD0.32 million - REG: COVID-19 Emergency Response under the Asia Pacific Disaster Response Fund; (ii) April, USD0.71 million - TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (iii) April 15, USD0.02 million TASF - REG: Strengthening Social Protection in the Pacific; (iv) April 24, USD0.13 million TASF - REG: Developing the Pacific Health Sector (Additional Financing); (v) May 21, USD0.23 million cofinanced amount for the Capacity Building Disaster Institution [update]; (vi) June 5, USD0.14 million TASF - REG: Pacific Economic Management, Phase 3 (Additional Financing) [update].
|08B2 - Other||
May 20, Australia will provide USD100 million financial support to 10 Pacific countries and AUD4.5 million has been allocated for Nauru.
|09 - International Assistance Provided|
|09A - Swaps info_outline|
|09B - International loans/grants|
|10 - No breakdown|
|11 - Other Economic Measures||
April, The authorities have reprioritized expenditures and drawn down on cash buffers and general reserves to support the fiscal measures, including necessary medical expenditures.
|12 - Non-Economic Measures||
April: (i) The government has imposed a number of containment measures including a near-total ban on entry by air into Nauru effective March 16; (ii) Social distancing measures have been encouraged including limiting or cancelling public gatherings and recommending working arrangements from home where possible; (iii) Screening and quarantine measures have also been in effect since March 16 and apply to all passengers on arrival, including a mandatory 14-day stay in approved transition accommodation and further measures for symptomatic cases; (iv) Cargo flights are operating at normal frequency at this time, but subject to strict handling on arrival, including on contact with crew; (v) The Government of Nauru extended the emergency measures to be in force until they announce an easing [date unspecified]; (vi) As of June 18, 2020, the authorities have implemented a testing regime for COVID-19 and reduced the mandated time in quarantine, alleviating some of the budgetary implications of containment [update].