## Tuvalu: Staff Report for the 2012 Article IV Consultation

_IMF Staff Country Reports, September 4, 2012_

## Source details

**Canonical URL:** [Tuvalu: Staff Report for the 2012 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238/bundle-manifest.json)

## Bibliographic details
- Published: September 4, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475505795.002

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### Macroeconomic performance and external linkages
- 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.

### Fiscal and public policy priorities
- The government has laid out a rigid agenda for improving fiscal strength.
- Policy priorities include:
  - improving literacy rate
  - improving power (energy) services
  - improving health services
  - reducing nonpriority expenditure
- Authorities view these challenges as having given a fighting spirit to the country.

### Findings and analysis (summary)
- 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 and keywords
- 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

*IMF Staff Country Report — Tuvalu: Staff Report for the 2012 Article IV Consultation*

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## Content in this bundle

- **Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012**
  - [Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12259.pdf.md){rel="alternate" type="text/markdown"}
  - [Tuvalu: Staff Report for the 2012 Article IV consultation; IMF Country Report 12/259; July 6, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12259.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/tuvalu-staff-report-for-the-2012-article-iv-consultation-26238_