{
  "title": "Samoa: 2024 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, January 31, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434",
  "overlayPath": "/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/index.md",
  "summary": "The 2024 Article IV Consultation discusses that Samoa’s economic recovery has been remarkable. An expansionary fiscal stance will support the economy, while fiscal reforms can improve the effectiveness of policy and mitigate risks.",
  "sections": [
    {
      "heading": "Economic overview",
      "content": "- Samoa’s economic recovery has been remarkable.\n- An expansionary fiscal stance will support the economy.\n- Overcoming capacity constraints to execute much needed public investment, including climate-related projects, is a near-term focus."
    },
    {
      "heading": "Fiscal policy and public investment",
      "content": "- Expansionary fiscal stance to support economic activity.\n- Fiscal reforms can improve the effectiveness of policy and mitigate risks.\n- Near-term priority: overcome capacity constraints to execute public investment, including climate-related projects."
    },
    {
      "heading": "Monetary policy",
      "content": "- Monetary policy normalization should continue.\n- Aim of monetary policy: guide interest rates higher."
    },
    {
      "heading": "Financial sector and banking system",
      "content": "- Financial sector risks have declined relative to the pandemic but require continued monitoring.\n- Priorities for the banking system:\n  - Operationalizing the emergency liquidity assistance framework.\n  - Enhancing prudential standards."
    },
    {
      "heading": "Exchange rate regime",
      "content": "- The exchange rate peg remains the appropriate nominal anchor."
    },
    {
      "heading": "Structural challenges and medium-term growth",
      "content": "- Significant structural challenges impede medium-term growth potential and will require concerted reform efforts.\n- Key reform priorities:\n  - Attracting foreign investment.\n  - Reducing trade facilitation costs.\n  - Mitigating the impact of the pickup in the seasonal workers program, including by enhancing human capital and raising labor force participation rates.\n\nSource: Samoa: 2024 Article IV Consultation-Press Release; and Staff Report — January 31, 2025.\n\n---\n\n Content in this bundle\n\n- Samoa\n  - Samoa (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Samoa (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/bundle-manifest.json)",
    "Published: January 31, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229000505.002",
    "Samoa’s economic recovery has been remarkable.",
    "An expansionary fiscal stance will support the economy.",
    "Overcoming capacity constraints to execute much needed public investment, including climate-related projects, is a near-term focus.",
    "Expansionary fiscal stance to support economic activity.",
    "Fiscal reforms can improve the effectiveness of policy and mitigate risks.",
    "Near-term priority: overcome capacity constraints to execute public investment, including climate-related projects.",
    "Monetary policy normalization should continue.",
    "Aim of monetary policy: guide interest rates higher.",
    "Financial sector risks have declined relative to the pandemic but require continued monitoring.",
    "Priorities for the banking system:",
    "The exchange rate peg remains the appropriate nominal anchor.",
    "Significant structural challenges impede medium-term growth potential and will require concerted reform efforts.",
    "Key reform priorities:",
    "**Samoa**"
  ],
  "related": [
    {
      "title": "Samoa",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2025/english/1wsmea2025001-print-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2025/english/1wsmea2025001-print-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2025/english/1wsmea2025001-print-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/index.md",
    "json": "/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/index.json",
    "bundleManifest": "/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T05:45:46.875Z"
}