Our Economic Response

The Economic Response Plan (ERP) is aimed at supporting local business, and the livelihoods of those most affected by the economic impacts of COVID-19 in our community. Responding to the border closure situation and the subsequence affects, the Cook Islands government executed a stimulus Economic Response Plan Phase I package valued at $61 million then a further $76 million for Economic Response Plan Phase II. The Cook Islands government is planning for a lengthy recovery period to carry the country towards a post-COVID-19 future.

For more information visit Ministry of Finance & Economic Management

Economic Response Plan Phase II

Budget $76 million
Continued financial support, while providing economic stimulus for the mid and long-term. As a result, a range of measures are included in Phase II that fit into three themes; Lifeline, Recovery, and Transformation. For more information click here

Economic Response Plan Phase I

Budget $61 million
Key policies included:

  • Wage subsidies to help ensure that employers have the ability to keep their staff on the payroll
  • Cash grants for businesses affected by COVID-19
  • A reduction in employer and employee CINSF contributions from 5% to 3%
  • A reduction in employer and employee CINSF contributions from 5% to 3%
  • An unemployment benefit to be provided to all individuals who have become unemployed due to COVID-19
  • School closure support payment of $100 per child for each fortnight that school holidays are extended

For more information click here

Welfare and Employment Support

Information for workers, businesses, family and children, migrant workers
For more information click here