IMF Staff Country Reports

Samoa: Staff Report for the 2003 Article IV Consultation

Publication Date:

June 30, 2003

Electronic Access:

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Summary:

This 2003 Article IV Consultation highlights that Samoa’s GDP growth slowed to 1.9 percent in 2001/02. This slowdown reflected mainly a steep decline in agriculture and a sharp contraction in construction activity. Although underlying inflation has remained low, headline inflation accelerated in this period, rising from 1.1 percent in 2000/01 to 9.8 percent in 2001/02 as a result of food supply shortages. Supervision in the financial sector has been enhanced by bringing all nonbank institutions under the supervisory regime of the central bank, and guidelines governing the supervision of these institutions are currently being developed.

Series:

Country Report No. 2003/195

Subject:

Banking Budget planning and preparation Commercial banks Economic sectors Financial institutions Imports International trade Public enterprises Public financial management (PFM) Public sector