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||AUD6,289,000||USD4,196,996|
|05A - Health||AUD5,600,000||USD3,737,188||
The government has announced AUD5.6 million supplementary budget for the Ministry of Health, which will be used for (a) specialized medical equipment, (b) enhanced laboratory capabilities, (c) upgrading of health facilities, and (d) increased surveillance measures to address the coronavirus threat.
|05B - Non-health||AUD689,000||USD459,808||
(i) The government has approved AUD189,000 in supplementary appropriation as a Coronavirus contingency fund; (ii) September 4, AUD300,000 was allocated under the Ministry of Finance for a grant to assist the private sector in response to the effects of the COVID-19. This grant is provided to the Development Bank of Tuvalu; (iii) September 4, AUD200,000 was allocated under the Ministry of Finance and approved under the Supplementary Appropriation Fund in order to finance other relevant COVID-19 measures across the Government.
|06 - Budget reallocation info_outline|
|07 - Central bank financing government|
|07A - Direct lending & reserve drawdown|
|07B - Secondary purchase: government securities|
|08 - International Assistance Received||AUD9,223,577||USD6,155,400|
|08A - Swaps info_outline|
|08B - International loans/grants||AUD9,223,577||USD6,155,400|
|08B1 - Asian Development Bank||AUD2,682,231||USD1,790,000||
(i) March 31, Asia Pacific Disaster Response Fund and Technical Assistance- COVID-19 Emergency Response (USD0.37 million). On July 29, an additional USD0.63 million was made available; (ii) Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD0.21 million); (iii) April 15, Strenghtening Social Protection in the Pacific: USD0.04 million; (iv) April 24, Country Share in Additional Financing to Develop the Pacific Health Sector (USD0.13 million); (v) June 5, Pacific Economic Management, Phase 3 (USD0.14 million); (vi) June 24, Supporting Public Sector Management Reforms (USD0.06 million) [update]; (vii) August 10, Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific - USD0.1 million; (viii) August 12, Support for gender-positive responses to COVID-19 in the Pacific Developing Member Countries - USD0.11 million.
|08B2 - Other||AUD6,541,346||USD4,365,400||
(i) May 20, AUD3 million in grants from the Australian government; (ii) USD2.5 million from the World Bank to support urgent needs created by the COVID-19 crisis.
|09 - International Assistance Provided|
|09A - Swaps info_outline|
|09B - International loans/grants|
|10 - No breakdown|
|11 - Other Economic Measures|
|12 - Non-Economic Measures||
(i) Tuvalu has established a COVID-19 National Taskforce that will act as an Advisory body to Cabinet and provide updates on a regular basis; (ii) Quarantine and self-isolation measures; (iii) The State of Public Health Emergency, which was first declared on March 20, 2020, was extended for another 6 months on March 26, 2020.