{
  "title": "Tonga: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, July 31, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/tonga-2008-article-iv-consultation-staff-report-staff-supplement-and-public-information-22221",
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  "summary": "This 2008 Article IV Consultation highlights that Tonga’s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery. The key factor underpinning this resilience has been private investment.",
  "publishDate": "2008-07-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Publication date: July 31, 2008\n- Pages: 53\n- Core finding: Tonga’s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery.\n- Main driver of recovery: private investment.\n- Donor role: donor-supported government reconstruction loans are expected to add further momentum to the recovery.\n- External pressures: the global upswing in fuel and food prices has intensified pressure on inflation and external reserves.\n- External position outlook: Tonga’s external position is expected to weaken, reflecting mainly the impact of rising food and fuel prices."
    },
    {
      "heading": "Key findings and economic indicators",
      "content": "- Resilience observed following November 2006 riots.\n- Private investment identified as the key factor underpinning resilience.\n- Donor-supported government reconstruction loans expected to contribute to recovery momentum.\n- Rising global fuel and food prices are intensifying:\n  - pressure on inflation, and\n  - pressure on external reserves.\n- Net effect: an expected weakening of Tonga’s external position mainly due to rising food and fuel prices."
    },
    {
      "heading": "Thematic focus and subjects covered",
      "content": "- Subject areas listed:\n  - External debt\n  - Financial institutions\n  - Fuel prices\n  - Inflation\n  - Loans\n  - Prices\n  - Public debt\n- Keywords provided include:\n  - burden indicator, CR, debt, Fuel prices, Global, government contracting, Inflation, ISCR, Loans, NPV, Pacific Islands, real GDP, reconstruction loan, sustainability framework, Tonga, Tongan authorities\n\n---\n\n Content in this bundle\n\n- cr08261\n  - cr08261 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08261 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/tonga-2008-article-iv-consultation-staff-report-staff-supplement-and-public-information-22221"
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    "Published: July 31, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451837506.002",
    "Publication date: July 31, 2008",
    "Pages: 53",
    "Core finding: Tonga’s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery.",
    "Main driver of recovery: private investment.",
    "Donor role: donor-supported government reconstruction loans are expected to add further momentum to the recovery.",
    "External pressures: the global upswing in fuel and food prices has intensified pressure on inflation and external reserves.",
    "External position outlook: Tonga’s external position is expected to weaken, reflecting mainly the impact of rising food and fuel prices.",
    "Resilience observed following November 2006 riots.",
    "Private investment identified as the key factor underpinning resilience.",
    "Donor-supported government reconstruction loans expected to contribute to recovery momentum.",
    "Rising global fuel and food prices are intensifying:",
    "Net effect: an expected weakening of Tonga’s external position mainly due to rising food and fuel prices.",
    "Subject areas listed:",
    "Keywords provided include:",
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