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
IMF Staff Country Reports, June 14, 2013
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- 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
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Bibliographic details
- Published: June 14, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475514810.002
Cyclone impact and authorities' response
- Samoa was hit hard by a strong tropical cyclone.
- The authorities are 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.
- There are encouraging signs of early recovery.
Economic outlook and recovery signals
- Growth: "Economic growth this fiscal year is expected to be significantly lower than projected prior to the cyclone."
- Early recovery: "There are encouraging signs of early recovery."
- Inflation: "Subdued inflationary pressures" are noted.
Fiscal strategy recommendations
- Aim fiscal strategy at securing sufficient resources while minimizing borrowing.
- Prioritize mobilizing resources needed for recovery without increasing public debt unduly.
Monetary policy recommendations
- With subdued inflationary pressures and the need to support the recovery, monetary policy should remain accommodative.
Subject areas and keywords (as listed)
- 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
Content in this bundle
- _cr13162 - Executive Summary