Tonga: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
July 31, 2008
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This 2008 Article IV Consultation highlights that Tonga’s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery. The key factor underpinning this resilience has been private investment. Donor-supported government reconstruction loans are expected to add further momentum to the recovery. However, the global upswing in fuel and food prices has intensified pressure on inflation and external reserves. Tonga’s external position is expected to weaken, reflecting mainly the impact of rising food and fuel prices.
Subject: External debt, Financial institutions, Fuel prices, Inflation, Loans, Prices, Public debt
Keywords: burden indicator, CR, debt, Fuel prices, Global, government contracting, Inflation, ISCR, Loans, NPV, Pacific Islands, real GDP, reconstruction loan, sustainability framework, Tonga, Tongan authorities
Pages:
53
Volume:
2008
DOI:
Issue:
261
Series:
Country Report No. 2008/261
Stock No:
1TONEA2008001
ISBN:
9781451837506
ISSN:
1934-7685
