Samoa: Request for Disbursement Under the Rapid Credit Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa

June 14, 2013

Preview Citation

Format: Chicago

Samoa: Request for Disbursement Under the Rapid Credit Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

Samoa was hit hard by a strong tropical cyclone, and the authorities are to be commended for their swift response to the resulting disaster. Economic growth this fiscal year is expected to be significantly lower than projected prior to the cyclone, but there are encouraging signs of early recovery. The need is to aim the fiscal strategy at securing sufficient resources while minimizing borrowing. With subdued inflationary pressures and the need to support the recovery, monetary policy should remain accommodative.

Subject: Debt burden, Environment, Expenditure, External debt, Natural disasters, Public debt

Keywords: Asia and Pacific, Australia and New Zealand, Balance of payments difficulty, CBS credit lines, CR, Debt, Debt burden, Fund assistance, Global, ISCR, Natural disasters, Pacific Islands, RCF financing, Real GDP, Samoa, WB debt sustainability analysis

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/162
Stock No:

1WSMEA2013001
ISBN:

9781475514810
ISSN:

1934-7685

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