Samoa: 2010 Article IV Consultation: Staff Report; Joint World Bank/IMF Debt Sustainability Analysis; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Samoa

July 16, 2010

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Format: Chicago

Samoa: 2010 Article IV Consultation: Staff Report; Joint World Bank/IMF Debt Sustainability Analysis; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Samoa, (USA: International Monetary Fund, 2010) accessed November 29, 2024

Summary

Samoa has suffered severe social and economic shocks. The outlook is challenging and subject to considerable uncertainty. Because of the tsunami’s potentially severe impact on tourism, real GDP is likely to contract this financial year. The fiscal strategy to shoulder the rebuilding costs, minimize capacity risks, and ensure fiscal sustainability is appropriate. Prudent management of monetary policy and the basket peg will be critical. The Samoan economy will have to rely on the private sector for growth. Executive Directors welcome the commitment to structural reform.

Subject: Environment, External debt, International organization, Monetary policy, Public debt

Keywords: Balance of payments pressure, Basket regime, Debt sustainability, Global, Natural disasters, Pacific Islands, Prudent fiscal policy, Public and publicly-guaranteed external debt, Samoan authorities, U.S. dollar

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/214
Stock No:

1WSMEA2010002
ISBN:

9781455202881
ISSN:

1934-7685

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