This web page presents information about the work of the IMF in Pacific Islands Countries, including the activities of the IMF Regional Resident Representative Office based in Suva, Fiji covers 12 IMF member countries in the Pacific. Additional information can be found on the IMF country pages for Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu, including IMF reports and Executive Board documents that deal with issues in Pacific Island Countries.
Pacific Islands and the IMF
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December 6, 2023
Series:Country Report No. 2023/385
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November 22, 2023
Papua New Guinea’s economic outlook remains favorable. Growth is expected to soften to 3.0 percent this year, due to the normalization of LNG production, but is projected to rebound to 5.0 percent in 2024, spurred by the expected reopening of Porgera gold mine and by sustained growth in the agriculture and service sectors. Inflation—after significantly declining in the past year due to fiscal measures and lower imported inflation, is projected to rise, reaching 3.5 percent by end-2023 and 5.0 percent by end-2024.
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IMF Executive Board Concludes 2023 Article IV Consultation with Tonga
November 3, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tonga and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.
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Tonga: 2023 Article IV Consultation-Press Release; and Staff Report
November 3, 2023
Series:Country Report No. 2023/361
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October 18, 2023
Transcript of Press Briefing on Regional Economic Outlook for Asia and Pacific, Singapore, October 2023
At a Glance Pacific Islands's Relations with the IMF
- Fiji joined the Fund in May 28, 1971—Art VIII; see Fiji's financial position in the Fund
- Samoa joined the Fund in December 28, 1971;—Art VIII; see Samoa's financial position in the Fund
- Papua New Guinea joined the Fund in October 09, 1975—Art VIII; see Papua New Guinea's financial position in the Fund
- Solomon Islands joined the Fund in September 22, 1978—Art VIII; see Solomon Islands' financial position in the Fund
- Vanuatu joined the Fund in September 28, 1981—Art VIII; see Vanuatu's financial position in the Fund
- Tonga joined the Fund in September 13, 1985—Art VIII; see Tonga's financial position in the Fund
- Kiribati joined the Fund in June 03, 1986—Art VIII; see Kiribati's financial position in the Fund
- Marshall Islands joined the Fund in May 21, 1992—Art VIII; see Marshall Islands' financial position in the Fund
- Micronesia joined the Fund in June 24, 1993—Art VIII; see Micronesia's financial position in the Fund
- Palau joined the Fund in December 16, 1997—Art VIII; see Palau's financial position in the Fund
- Tuvalu joined the Fund in June 24, 2010—Art VIII; see Tuvalu's financial position in the Fund
- Nauru joined the Fund in April 12, 2016—Art VIII; see Nauru's financial position in the Fund
News and Highlights
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Pacific Island Airlines: Flying on Empty?
IMF Blog
August 18, 2021
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Millennials and the Future of Work
Finance & Development Magazine, June 2017 Issue
September 8, 2017
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World Economic Outlook Update, July 2017
The Global Economy Maintains Momentum
July 25, 2017
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What We Have Seen and Learned 20 Years After the Asian Financial Crisis
Blog by Mitsuhiro Furusawa
July 13, 2017
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Transparency Pays: Emerging Markets Share More Data
IMF Blog
July 7, 2017