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08 Apr2020

COVID-19

Written by Patison Joseph. Posted in Vanuatu Government Recommended Financial and Economic Stimulus – COVID 19

VANUATU GOVERNMENT FINANCIAL AND ECONOMIC STIMULUS – COVID-19

Supporting workers, business and communities

The Government is spending VT4.2 billion in fiscal stimulus, which is equivalent to around 5.5 per cent of annual gross domestic product (GDP).

The economic response is helping to keep people employed, address short-term cash flow challenges and set up medium and longer term recovery efforts.

 

Tax Relief

  • COVID 19 - Tax Relief (Bislama)
  • COVID 19 - Tax Relief (English)

Employment Stabilization Payment (ESP) – VT 2.5 billion

The Government is helping businesses to keep workers employed by paying eligible businesses VT30,000 for every registered worker for the months of March, April, May and June. Application forms and further details are available here:

Forms

  • Form ESP-20-01 (ENGLISH)
  • Form ESP-20-01 (FRENCH)
  • Form ESP-20-01 (BISLAMA)

SME Confirmed payments List

The Ministry of Finance and Economic Management, hereby published the Names of those who have received

  • SME Paid List

FAQ

  • Employment Stabilization Payment (English)
  • Employment Stabilization Payment (French)
  • Employment Stabilization Payment (Bislama)

Press Statements

Press Statement  - Qualification Criteria for Employment Stabilization Payment COVID – 19

Small & Medium Enterprise(SME) Grant - VT400 million

The Government will pay a one-time cash grant of VT60,000 to every small and medium business that has an annual turnover of VT200 million or less. Application forms and further details are available here:

 

SME Grant Closing Date Notice

  • English
  • French
  • Bislama

Form

  • Form SME-20-01(ENGLISH)
  • Form SME-20-01(FRENCH)
  • Form SME-20-01(BISLAMA)

Information

  •  COVID-19 SMEs Q&A Stimulus Package Grant
  • Small and Medium Enterprises Grant Payments

Press Statement

  • Minister Acknowledges Private Sector Community Engagement(source: DP)

 

 

Tuition Fee Exemption – VT510.3 million

The Government will pay VT42, 000 per student directly to all public and private schools so parents do not need to pay school fees. The Ministry of Education will provide further details as to how the payments will be disbursed to schools that are qualified.

 

Commodity Support Grant - VT300 million

 The Government is supporting farmers and agricultural businesses with a focus on kava, cocoa, coffee and copra exports. Further details will be announced soon to explain how this grant will be paid.

 

Shipping Support Grant - VT100 million

 The Government is supporting communities impacted by TC Harold by covering the cost of shipping market produce from affected islands to Port Vila.

 

What happens after June 2020?

Recovery and Reconstruction Package - VT3 billion

At the end of June, the Government will release the national strategy for medium and long term recovery and reconstruction from COVID-19, TC Harold and the Tanna volcano ash fall. This will include a credit facility to help businesses with recover recovery and reconstruction efforts.

Further details will be announced soon to explain how this package will be implemented.

 

Information

  • After June 2020 (English).png
  • After June 2020 (Bislama).png
 

 

 

 

 

 

 

 

 


 

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