Samoa: 2021 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, March 19, 2021
Source details
- Canonical URL
- Samoa: 2021 Article IV Consultation-Press Release and Staff Report
Other formats
Bibliographic details
- Published: March 19, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513574424.002
Summary and resilience
- "Samoa has shown resilience to past economic shocks, underpinned by the authorities’ strong commitment to support the economy and financial assistance provided by the international community."
- "Samoa was among the first countries in the world to secure its border to protect its citizens from COVID-19."
- "The authorities’ quick response to the measles outbreak and the global pandemic has identified the policy priorities well."
Policy response and international assistance
- "The IMF disbursement under the Rapid Credit Facility (RCF) in April 2020" supported Samoa's response.
- The RCF disbursement "helped unlock record budget support grants by the Asian Development Bank (ADB) and the World Bank (WB)."
- "The authorities strengthened the health care system and provided support to the private sector, with assistance targeted to vulnerable businesses and households to safeguard livelihoods."
Subject focus and keywords
- Subject: Credit, External debt, Natural disasters, Public debt, Stress testing
- Keywords: audit quality, CR, due diligence, IMF disbursement, ISCR, stimulus package, U.S. dollar
Content in this bundle
- 1wsmea2021001