{
  "title": "Tuvalu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu",
  "publication": "IMF Staff Country Reports, October 4, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44322",
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  "summary": "This 2016 Article IV Consultation highlights that the macroeconomic outlook for Tuvalu is stable. Real GDP growth in 2015 is estimated at 2.6 percent and is projected to rise to 4 percent in 2016 owing to several large infrastructure projects and recovery spending following Cyclone Pam.",
  "publishDate": "2016-10-04",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic outlook",
      "content": "- Real GDP growth in 2015 is estimated at 2.6 percent.\n- Real GDP growth is projected to rise to 4 percent in 2016 owing to several large infrastructure projects and recovery spending following Cyclone Pam.\n- Inflation remained steady in 2015 at 3.2 percent.\n- The macroeconomic outlook for Tuvalu is described as stable."
    },
    {
      "heading": "Fiscal outlook",
      "content": "- The fiscal position is expected to turn into a small deficit in 2016.\n- The fiscal position is projected to remain in deficit over the medium term."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Main risks to the outlook:\n  - Effects of climate change.\n  - Volatility in fishing revenues.\n  - Volatile global financial conditions, which could affect distributions to the budget from the Tuvalu Trust Fund."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: Climate change, Economic sectors, Environment, External debt, Public and publicly-guaranteed external debt, Public debt, Public enterprises, Public financial management (PFM)\n- Keywords: appreciation to the fund and development partner, Asia and Pacific, Australia and New Zealand, authority, budget surplus, Climate change, CR, debt, development partner assistance, Global, ISCR, Pacific Islands, Public enterprises, real GDP, Tuvalu, Tuvalu authorities, Tuvaluan authorities\n\nTuvalu: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu (October 4, 2016).\n\n---\n\n Content in this bundle\n\n- cr16323\n  - cr16323 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16323 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44322"
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    "Published: October 4, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475543926.002",
    "Real GDP growth in 2015 is estimated at 2.6 percent.",
    "Real GDP growth is projected to rise to 4 percent in 2016 owing to several large infrastructure projects and recovery spending following Cyclone Pam.",
    "Inflation remained steady in 2015 at 3.2 percent.",
    "The macroeconomic outlook for Tuvalu is described as stable.",
    "The fiscal position is expected to turn into a small deficit in 2016.",
    "The fiscal position is projected to remain in deficit over the medium term.",
    "Main risks to the outlook:",
    "Subject: Climate change, Economic sectors, Environment, External debt, Public and publicly-guaranteed external debt, Public debt, Public enterprises, Public financial management (PFM)",
    "Keywords: appreciation to the fund and development partner, Asia and Pacific, Australia and New Zealand, authority, budget surplus, Climate change, CR, debt, development partner assistance, Global, ISCR, Pacific Islands, Public enterprises, real GDP, Tuvalu, Tuvalu authorities, Tuvaluan authorities",
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