Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu
Electronic Access:
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Summary:
Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu—a fragile Pacific micro-state—avoid a recession in 2020. The economy is expected to expand by 2.5 percent in 2021, supported by fiscal expenditures and resumption of infrastructure projects. But significant challenges remain: Tuvalu is vulnerable to the effects of climate change, its economy is dominated by the public sector, and its revenue base is narrow. Uncertainty around donor commitments complicates fiscal planning.
Series:
Country Report No. 2021/176
Subject:
Budget planning and preparation Debt sustainability analysis External debt Financial regulation and supervision International organization Monetary policy Public debt Public financial management (PFM)
Frequency:
regular
English
Publication Date:
August 4, 2021
ISBN/ISSN:
9781513591476/1934-7685
Stock No:
1TUVEA2021001
Pages:
95
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