Pacific

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 6.07
% of GDP (2019): 6.15%
% of Regional Total Package: 0.24%
Package Per Capita in USD: 478.03
Note: Measures 9 and 10 are added to the sum of Measures 1-5.
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 AUD1,588,360 USD1,060,000
08A - Swaps info_outline
08B - International loans/grants AUD1,588,360 USD1,060,000
08B1 - Asian Development Bank AUD1,438,515 USD960,000

(i) March 31, USD0.32 million - REG: COVID-19 Emergency Response under the Asia Pacific Disaster Response Fund; (ii) April, USD0.19 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) No amount/estimate: May 21, USD0.225 million cofinanced amount from the High-Level Technology Fund for Digital Twin Capabilities in Project Management; (vi) June 5, USD0.14 million TASF - REG: Pacific Economic Management, Phase 3 (Additional Financing); (vii) No amount/estimate: July 24, USD0.04 million cofinanced amount under Strengthening Social Protection in the Pacific (Additional financing); (viii) August 10, USD0.10 million TASF - Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) August 12, USD0.06 million TASF - Support for Gender Sensitive Responses to COVID-19 in the Pacific Developing Member Countries.

08B2 - Other AUD149,845 USD100,000

(i) May 20, Australia will provide USD100 million financial support to 10 Pacific countries and AUD4.5 million has been allocated for Nauru; (ii) August 18, UNICEF Korea has given USD0.1 million, which is being considered to partly pay for the COVID vaccine when it becomes available; (iii) No amount/estimate: August 19, The US Government, through the US Agency for International Development (USAID), has donated 50 brand-new, state-of-the-art ventilators to Fiji, Kiribati, and Nauru to assist their fight against COVID-19.

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 August 14, 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.