Samoa : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Samoa

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

May 17, 2019

Electronic Access:

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Summary:

Samoa faces several economic challenges but continues to show resilience and a high level of engagement with the Fund. Growth is expected to rebound after reaching a five-year low. Price pressures driven by temporary factors are receding and inflation is projected to return to below the authorities’ target of 3 percent. One-off factors implied a marginally positive fiscal balance in 2017/18, but the fiscal position is projected to loosen, and Samoa remains at high risk of debt distress. Samoa remains vulnerable to natural disasters and correspondent banking relationship (CBR) pressures. The authorities have made progress in implementing measures to mitigate these risks.

Series:

Country Report No. 19/138

Subject:

English

Publication Date:

May 17, 2019

ISBN/ISSN:

9781498315647/1934-7685

Stock No:

1WSMEA2019002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

73

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