{
  "title": "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",
  "publication": "IMF Staff Country Reports, February 26, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/samoa-request-for-disbursement-under-the-rapid-access-component-of-the-exogenous-shocks-23632",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/samoa-request-for-disbursement-under-the-rapid-access-component-of-the-exogenous-shocks-23632",
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  "summary": "This paper discusses a request from Samoa's authorities for a Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (ESF-RAC).",
  "sections": [
    {
      "heading": "Background and shock impact",
      "content": "- 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.\n- Real GDP is likely to contract in 2010."
    },
    {
      "heading": "Request for ESF-RAC disbursement",
      "content": "- 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)."
    },
    {
      "heading": "IMF staff assessment and support",
      "content": "- IMF staff supports the request on the basis of Samoa’s low public debt and credible commitment to sound macroeconomic policies."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking, Economic sectors, Environment, Government debt management, Imports, Infrastructure, International trade, National accounts, Natural disasters, Public financial management (PFM), Tourism\n- 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\n\nSource: 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\n\n---\n\n Content in this bundle\n\n- cr1046\n  - cr1046 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1046 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 26, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451840773.002",
    "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.",
    "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 supports the request on the basis of Samoa’s low public debt and credible commitment to sound macroeconomic policies.",
    "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",
    "**_cr1046**"
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