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
IMF Staff Country Reports, July 16, 2010
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- 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
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Bibliographic details
- Published: July 16, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455202881.002
Summary and Outlook
- 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 Samoan economy will have to rely on the private sector for growth.
Fiscal Policy and Debt Sustainability
- The fiscal strategy to shoulder the rebuilding costs, minimize capacity risks, and ensure fiscal sustainability is appropriate.
- Joint World Bank/IMF Debt Sustainability Analysis is included in the report.
Monetary Policy and Exchange Rate
- Prudent management of monetary policy and the basket peg will be critical.
- Keywords associated with monetary and external policy: balance of payments pressure, basket regime, U.S. dollar.
Structural Reform and Institutional Views
- Executive Directors welcome the commitment to structural reform.
- Subject tags: Environment, External debt, International organization, Monetary policy, Public debt.