Samoa: 2012 Article IV Consultation-Staff Report, Informational Annex, Debt Sustainability Analysis, Public Information Notice, Statement by the Executive Director for Samoa

August 29, 2012

Summary

After a moderate recovery in 2010–11, the Samoan economy has shown signs of slowing down amid rising inflation. After two consecutive years of contraction, real GDP has expanded by 2 percent in 2010–11. The Central Bank of Samoa has maintained an accommodative monetary policy to support economic activity. However, continued structural reforms are required to lift Samoa’s economic growth and to ensure financial stability. Considerable progress has been made in tapping customary land for productive use.

Subject: Exchange rate adjustments, Exchange rates, External debt, Foreign exchange, Inflation, Prices, Public debt

Keywords: banking sector liquidity, central bank of Samoa, CR, deficit, Europe, exchange rate, Exchange rate adjustments, Exchange rates, Global, IMF staff estimate, Inflation, ISCR, Pacific Islands, real GDP, Staff exchange rate assessment, U.S. dollar, unit trust

Pages:
63
Volume:
2012
DOI:
https://doi.org/10.5089/9781475506655.002
Issue:
250
Series:
Country Report No. 2012/250
Stock No:
1WSMEA2012001
ISBN:
9781475506655
ISSN:
1934-7685

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