Tuvalu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu

October 4, 2016

Preview Citation

Format: Chicago

Tuvalu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that the macroeconomic outlook for Tuvalu is stable. Real GDP growth in 2015 is estimated at 2.6 percent and is projected to rise to 4 percent in 2016 owing to several large infrastructure projects and recovery spending following Cyclone Pam. Inflation remained steady in 2015 at 3.2 percent. The fiscal position is expected to turn into a small deficit in 2016 and is projected to remain in deficit over the medium term. Risks to the outlook relate to the effects of climate change, volatility in fishing revenues, and volatile global financial conditions, which could affect distributions to the budget from the Tuvalu Trust Fund.

Subject: Climate change, Economic sectors, Environment, External debt, Public and publicly-guaranteed external debt, Public debt, Public enterprises, Public financial management (PFM)

Keywords: Appreciation to the fund and development partner, Asia and Pacific, Australia and New Zealand, Authority, Budget surplus, Climate change, CR, Debt, Development partner assistance, Global, ISCR, Pacific Islands, Public enterprises, Real GDP, Tuvalu, Tuvalu authorities, Tuvaluan authorities

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/323
Stock No:

1TUVEA2016001
ISBN:

9781475543926
ISSN:

1934-7685

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