Samoa: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Samoa

International Monetary Fund

No 2018/145, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that Samoa’s economy has shown resilience and continues to perform well. Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services and agriculture. Inflation picked up to 1.3 percent in 2016/17, compared with close to zero in the previous year, but remains well below the authorities’ target of 3 percent. The current account deficit narrowed to 2.3 percent, driven by temporary factors. The Samoan Tala appreciated against the United States dollar during 2016/17, although there was little change in the nominal and real effective exchange rates. Growth is projected to moderate to 1.8 percent in 2017/18 and then rebound in 2018/19, as two new businesses scale up operations at the old Yazaki plant and several infrastructure projects are completed.

Keywords: ISCR; CR; capital account surplus; Samoa; staff appraisal; import growth; quarter; monetary policy transmission mechanism; Samoan authorities; Natural disasters; Anti-money laundering and combating the financing of terrorism (AML/CFT); Credit; Global; Pacific Islands; Asia and Pacific; Caribbean (search for similar items in EconPapers)
Pages: 71
Date: 2018-06-04
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