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Tuvalu : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu

Published: February 8, 2011
Electronic Access: Free Full Text (PDF file size is 806KB)
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Summary: Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak. The Consolidated Investment Fund (CIF) available for budget financing will be depleted. Freezing wages and reducing travel costs will also be important. Improvements in the banking sector and credit culture will help to support private-sector development. Executive Directors agreed to ensure fiscal sustainability.
 
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Series: Country Report No. 11/46
Subject(s): Article IV consultation reports | Bank supervision | Banking sector | Economic indicators | Fiscal management | Fiscal reforms | Government expenditures | Staff Reports
 
English  
    Published:   February 8, 2011        
    ISBN/ISSN:   9781455216703/1934-7685   Format:   Paper
    Stock No:   1VUTEA2011001   Pages:   42
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.