Samoa : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Samoa

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

April 28, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Samoa, with a population of around 0.2 million, suffered from a severe measles outbreak in late-2019 (claimed 83 lives and resulted in over 5,700 cases), which led to a much larger economic contraction than that of past episodes of natural disasters. The global pandemic of COVID-19 has exacerbated the downturn and will devastate the Samoan economy as it heavily depends on now-banned inbound tourism. Staff supports the authorities’ planned policy measures to help the private sector. The Fund’s support for Samoa’s balance of payment (BOP) needs (US$ 22 million or 100 percent of quota) will provide a significant short-term buffer.

Series:

Country Report No. 20/138

Subject:

English

Publication Date:

April 28, 2020

ISBN/ISSN:

9781513542409/1934-7685

Stock No:

1WSMEA2020001

Format:

Paper

Pages:

45

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