Samoa: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Samoa
IMF Staff Country Reports, May 15, 2017
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- Samoa: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Samoa
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Bibliographic details
- Published: May 15, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475599411.002
Summary findings and recent performance
- Economic activity picked up during 2015/16 driven by tourism arrivals, lower fuel prices, and new fish processing facilities.
- Activity was further boosted by two major sporting events and infrastructure projects.
- The consultation characterizes Samoa’s economic performance as continued good economic performance.
Outlook and projections
- The pace of growth will moderate in 2017/18 and in 2018/19 with the closure of a large manufacturing plant, but growth is expected to remain buoyant.
- The outlook is described as moderately positive.
Risks and vulnerabilities identified
- Downside risks related to Samoa’s vulnerability to natural disasters.
- Elevated contingent liabilities.
- Withdrawal of correspondent banking relationships.
- Given Samoa’s reliance on workers’ remittances, the closure of bank accounts of money transfer operators heightens the risk of a disruption to remittance payments.
Subjects and keywords (as listed)
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Correspondent banking, Credit, Crime, Environment, External debt, Money, Natural disasters, Public debt
- Keywords: accommodative monetary policy stance, Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, Australia and New Zealand, authority, central bank, CR, Credit, fiscal policy stance, GDP, Global, ISCR, Natural disasters, Pacific Islands, private sector activity, right, Samoa, Samoa aviation investment Project, U.S. dollar
Content in this bundle
- Country Report