{
  "title": "Tuvalu: Staff Report for the 2012 Article IV Consultation",
  "publication": "IMF Staff Country Reports, September 4, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238",
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  "summary": "This paper discusses Tuvalu’s economic condition, internal happenings, external linkages, and climate. The country has reported slow economic growth after the global crisis. The export and economic expansions have been minimal with many of its goods imported.",
  "publishDate": "2012-09-04",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance and external linkages",
      "content": "- The country has reported slow economic growth after the global crisis.\n- Export and economic expansions have been minimal with many of its goods imported.\n- The main source of income for the country continue to be remittances from its citizens working abroad and donor assistance.\n- External linkages emphasize dependence on remittances and donor flows rather than export earnings."
    },
    {
      "heading": "Fiscal and public policy priorities",
      "content": "- The government has laid out a rigid agenda for improving fiscal strength.\n- Policy priorities include:\n  - improving literacy rate\n  - improving power (energy) services\n  - improving health services\n  - reducing nonpriority expenditure\n- Authorities view these challenges as having given a fighting spirit to the country."
    },
    {
      "heading": "Findings and analysis (summary)",
      "content": "- Slow post-crisis growth and limited export expansion characterize Tuvalu’s recent economic condition.\n- High import content of consumption and production reinforces external dependence.\n- Fiscal consolidation and public financial management reforms are central to strengthening economic resilience.\n- Human capital and infrastructure (literacy, power, health) are key areas targeted for improvement to support longer-term growth."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: External debt, National accounts, Personal income, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)\n- Keywords: Australia and New Zealand, CR, exchange rate appreciation, financing buffer, Global, government, IMF staff estimate, investment strategy, ISCR, Pacific Islands, Public and publicly-guaranteed external debt, real GDP, Tuvalu authorities\n\nIMF Staff Country Report — Tuvalu: Staff Report for the 2012 Article IV Consultation\n\n---\n\n Content in this bundle\n\n- Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012\n  - Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238"
    }
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    "Published: September 4, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475505795.002",
    "The country has reported slow economic growth after the global crisis.",
    "Export and economic expansions have been minimal with many of its goods imported.",
    "The main source of income for the country continue to be remittances from its citizens working abroad and donor assistance.",
    "External linkages emphasize dependence on remittances and donor flows rather than export earnings.",
    "The government has laid out a rigid agenda for improving fiscal strength.",
    "Policy priorities include:",
    "Authorities view these challenges as having given a fighting spirit to the country.",
    "Slow post-crisis growth and limited export expansion characterize Tuvalu’s recent economic condition.",
    "High import content of consumption and production reinforces external dependence.",
    "Fiscal consolidation and public financial management reforms are central to strengthening economic resilience.",
    "Human capital and infrastructure (literacy, power, health) are key areas targeted for improvement to support longer-term growth.",
    "Subjects: External debt, National accounts, Personal income, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)",
    "Keywords: Australia and New Zealand, CR, exchange rate appreciation, financing buffer, Global, government, IMF staff estimate, investment strategy, ISCR, Pacific Islands, Public and publicly-guaranteed external debt, real GDP, Tuvalu authorities",
    "**Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012**"
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