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

International Monetary Fund

No 2013/162, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; debt; RCF financing; Samoa; fund assistance; real GDP; WB debt sustainability analysis; CBS credit lines; balance of payments difficulty; Natural disasters; Debt burden; Global; Pacific Islands; Australia and New Zealand; Asia and Pacific (search for similar items in EconPapers)
Pages: 52
Date: 2013-06-14
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Citations: View citations in EconPapers (7)

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