## Samoa: 2024 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, January 31, 2025_

## Source details

**Canonical URL:** [Samoa: 2024 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434)

## Other formats

- [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)

## Bibliographic details
- Published: January 31, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229000505.002

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### Economic overview
- 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.

### Fiscal policy and public investment
- 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
- Monetary policy normalization should continue.
- Aim of monetary policy: guide interest rates higher.

### Financial sector and banking system
- Financial sector risks have declined relative to the pandemic but require continued monitoring.
- Priorities for the banking system:
  - Operationalizing the emergency liquidity assistance framework.
  - Enhancing prudential standards.

### Exchange rate regime
- The exchange rate peg remains the appropriate nominal anchor.

### Structural challenges and medium-term growth
- Significant structural challenges impede medium-term growth potential and will require concerted reform efforts.
- Key reform priorities:
  - Attracting foreign investment.
  - Reducing trade facilitation costs.
  - Mitigating the impact of the pickup in the seasonal workers program, including by enhancing human capital and raising labor force participation rates.

*Source: Samoa: 2024 Article IV Consultation-Press Release; and Staff Report — January 31, 2025.*

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## Content in this bundle

- **Samoa**
  - [Samoa (Markdown version)](/-/media/files/publications/cr/2025/english/1wsmea2025001-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Samoa (PDF)](/-/media/files/publications/cr/2025/english/1wsmea2025001-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2025/01/31/samoa-2024-article-iv-consultation-press-release-and-staff-report-561434_