The Cook Islands Government hopes another injection of money will help the country come through the coronavirus crisis.
In its second phase to help the people and businesses survive the impacts of Covid-19 it is providing $US42.5 million – slightly more than the first assistance package announced at the end of March.
Finance Minister Mark Browne said the government’s latest announcement has three key themes – lifeline support, recovery and transforming the economy.
He said the immediate priority is protecting livelihoods and businesses.
The wage subsidy will continue until September, debt repayments will be delayed and businesses will have access to low interest short-term loans.
Tax free thresholds will be higher, unemployment will include job training and reductions in superannuation payments will continue.
