Pacific

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 4.20
% of GDP (2019): 10.66%
% of Regional Total Package: 0.16%
Package Per Capita in USD: 364.70
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 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.