{
  "title": "Tuvalu: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu",
  "publication": "IMF Staff Country Reports, February 8, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-2010-article-iv-consultation-staff-report-public-information-notice-on-the-executive-24632",
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  "summary": "Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak.",
  "publishDate": "2011-02-08",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Recent economic developments",
      "content": "- Major construction projects to build a wharf and a power station have been completed.\n- Seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak.\n- The Consolidated Investment Fund (CIF) available for budget financing will be depleted.\n- Freezing wages and reducing travel costs will also be important."
    },
    {
      "heading": "Fiscal outlook and budget financing",
      "content": "- The Consolidated Investment Fund (CIF) available for budget financing will be depleted.\n- Policy emphasis is on measures to ensure fiscal sustainability."
    },
    {
      "heading": "Banking sector and private-sector development",
      "content": "- Improvements in the banking sector and credit culture will help to support private-sector development."
    },
    {
      "heading": "Policy recommendations and priorities",
      "content": "- Freeze wages.\n- Reduce travel costs.\n- Improve banking sector performance and credit culture to support private-sector development.\n- Executive Directors agreed to ensure fiscal sustainability.\n\n---\n\n Content in this bundle\n\n- cr1146\n  - cr1146 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1146 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-2010-article-iv-consultation-staff-report-public-information-notice-on-the-executive-24632"
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    "Published: February 8, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455216703.002",
    "Major construction projects to build a wharf and a power station have been completed.",
    "Seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak.",
    "The Consolidated Investment Fund (CIF) available for budget financing will be depleted.",
    "Freezing wages and reducing travel costs will also be important.",
    "The Consolidated Investment Fund (CIF) available for budget financing will be depleted.",
    "Policy emphasis is on measures to ensure fiscal sustainability.",
    "Improvements in the banking sector and credit culture will help to support private-sector development.",
    "Freeze wages.",
    "Reduce travel costs.",
    "Improve banking sector performance and credit culture to support private-sector development.",
    "Executive Directors agreed to ensure fiscal sustainability.",
    "**_cr1146**"
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