Pacific
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 | |||||
| 02B1 - Interest rate adjustments | |||||
| 02B2 - Other policies to support long-term lending | |||||
| 02C - Loan guarantees | |||||
| 03 - Direct long-term lending info_outline | |||||
| 03A - Long-term lending info_outline | |||||
| 03B - Forbearance | |||||
| 04 - Equity support info_outline | |||||
| 05 - Health and income support | AUD6,959,000 | USD4,644,123 | |||
| 05A - Health support | AUD5,600,000 | USD3,737,188 | (i) 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; No amount/estimate: (ii) 19 June 2021, Australia donated 11,800 COVID-19 vaccines; (iii) As of 21 October 2021, a total of 12,114 vaccine doses have been administered [update]. |
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| 05B - Income support | AUD670,000 | USD447,128 | |||
| 05B1 - Tax and contribution deferrals and policy changes | |||||
| 05B2 - Tax and contribution rates reduction | |||||
| 05B3 - Subsidies to individuals and households | AUD670,000 | USD447,128 | AUD670,000 was allocated to finance other relevant COVID-19 measures across the Government including risk allowances and civil servant allowances. |
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| 05B4 - Subsidies to businesses | |||||
| 05B5 - Indirect income support | |||||
| 05B6 - No breakdown (income support) | |||||
| 05C - No breakdown (health and income support) | AUD689,000 | USD459,808 | (i) The government has approved AUD189,000 in supplementary appropriation as a Coronavirus contingency fund; (ii) 4 September 2020, 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) 4 September 2020, 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. |
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| 06 - Budget reallocation info_outline | |||||
| 07 - Central bank financing government | |||||
| 07A - Direct lending and reserve drawdown | |||||
| 07B - Secondary purchase: government securities | |||||
| 08 - International Assistance Received | AUD18,079,433 | USD12,065,400 | |||
| 08A - Swaps info_outline | |||||
| 08B - International loans/grants | AUD18,079,433 | USD12,065,400 | |||
| 08B1 - Asian Development Bank | AUD11,538,087 | USD7,700,000 | (i) 31 March 2020, Asia Pacific Disaster Response Fund and Technical Assistance (COVID-19 Emergency Response) - USD0.37 million. On 29 July 2020, an additional USD0.63 million was made available; (ii) As of 20 April 2020, Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases - USD0.71 million. As of 19 February 2021, the amount is USD0.35 million. As of 8 October 2021, the amount increased to USD0.41 million; (iii) 15 April 2020, Strengthening Social Protection in the Pacific - USD0.02 million. As of 2 October 2020, the amount is USD0.06 million; (iv) 24 April 2020, Country Share in Additional Financing to Develop the Pacific Health Sector - USD0.13 million; (v) 5 June 2020, Pacific Economic Management, Phase 3 - USD0.14 million; (vi) 24 June 2020, Supporting Public Sector Management Reforms - USD0.06 million. 15 July 2021, USD0.09 million TASF (additional financing; (vii) 10 August 2020, Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific - USD0.1 million; (viii) 12 August 2020, Support for Gender-positive Responses to COVID-19 in the Pacific Developing Member Countries - USD0.11 million; (ix) 10 December 2020, Pacific Disaster Reliance Program, Phase 3 - USD4 million; (x) 17 December 2020, Supporting Recovery by Micro, Small, and Medium-sized Enterprises in the Pacific from the Effects of the COVID-19 Pandemic - USD0.1 million; (xi) 23 April 2021, Systems Strengthening for Effective Coverage of New Vaccines in the Pacific Project under the Asia Pacific Vaccine Access Facility (Additional Financing) - USD1.5 million. |
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| 08B2 - Other | AUD6,541,346 | USD4,365,400 | (i) 20 May 2020, 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; (ii) No amount/estimate: 19 June 2021, Australia donated 11,800 COVID-19 vaccines. |
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| 09 - International Assistance Provided | |||||
| 09A - Swaps info_outline | |||||
| 09B - International loans/grants | |||||
| 10 - No breakdown | |||||
| 11 - Other Economic Measures | |||||
| 12 - Non-Economic Measures | |||||
| 12A - Measures affecting travel and transport (local and international) | |||||
| 12B - Measures affecting business and workplace | |||||
| 12C - Others | (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. |