Samoa: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa
IMF Staff Country Reports, February 26, 2010
Source details
- Canonical URL
- Samoa: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa
Other formats
Bibliographic details
- Published: February 26, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840773.002
Background and shock impact
- The tsunami that hit Samoa on September 29, 2009 has undercut Samoa’s economic resilience and prospects for a quick recovery from the global recession.
- Real GDP is likely to contract in 2010.
Request for ESF-RAC disbursement
- The authorities have requested a disbursement equivalent to 50 percent of quota (SDR 5.8 million) under the IMF’s Exogenous Shocks Facility — Rapid-Access Component (ESF-RAC).
IMF staff assessment and support
- IMF staff supports the request on the basis of Samoa’s low public debt and credible commitment to sound macroeconomic policies.
Subjects and keywords
- Subject: Banking, Economic sectors, Environment, Government debt management, Imports, Infrastructure, International trade, National accounts, Natural disasters, Public financial management (PFM), Tourism
- Keywords: cost, CR, ESF disbursement, executive board discussion, financing, financing gap, Global, Government debt management, Imports, Infrastructure, ISCR, Natural disasters, reconstruction needs, Samoa, spending need, Tourism
Source: Samoa: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa