Tuvalu : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu

Publication Date: February 08, 2011

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Summary: Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment—Tuvalu’s main foreign exchange earning source for the private sector—is weak. The Consolidated Investment Fund (CIF) available for budget financing will be depleted. Freezing wages and reducing travel costs will also be important. Improvements in the banking sector and credit culture will help to support private-sector development. Executive Directors agreed to ensure fiscal sustainability.
Series: IMF Staff Country Reports
Subject(s): Article IV consultation reports | Bank supervision | Banking sector | Economic indicators | Fiscal management | Fiscal reforms | Government expenditures | Staff Reports

Publication Date: February 08, 2011
ISBN/ISSN: 9781455216703/1934-7685 Format: Paper
Stock No: 1VUTEA2011001 Pages: 42
US$18.00 (Academic Rate:
US$18.00 )
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