Samoa: Staff Report for the 2003 Article IV Consultation
June 30, 2003
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This 2003 Article IV Consultation highlights that Samoa’s GDP growth slowed to 1.9 percent in 2001/02. This slowdown reflected mainly a steep decline in agriculture and a sharp contraction in construction activity. Although underlying inflation has remained low, headline inflation accelerated in this period, rising from 1.1 percent in 2000/01 to 9.8 percent in 2001/02 as a result of food supply shortages. Supervision in the financial sector has been enhanced by bringing all nonbank institutions under the supervisory regime of the central bank, and guidelines governing the supervision of these institutions are currently being developed.
Subject: Banking, Budget planning and preparation, Commercial banks, Economic sectors, Financial institutions, Imports, International trade, Public enterprises, Public financial management (PFM), Public sector
Keywords: announced budget, Australia and New Zealand, budget, budget framework, Budget planning and preparation, budget target, Commercial banks, CR, development expenditure, Global, government, Imports, ISCR, item, Pacific Islands, Public enterprises, Public sector, staff appraisal
Pages:
53
Volume:
2003
DOI:
Issue:
195
Series:
Country Report No. 2003/195
Stock No:
1WSMEA0012003
ISBN:
9781451840674
ISSN:
1934-7685
