Resident Representative Office in the Pacific Islands
This web page presents information about the work of the IMF in Pacific Islands Countries, including the activities of the IMF Regional Resident Representative Office based in Suva, Fiji. Additional information can be found on the IMF country pages for Fiji, Kiribati, Marshall Islands, Micronesia, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu, including IMF reports and Executive Board documents that deal with issues in Pacific Island Countries.
News — Highlights
Pacific Islands and the IMF
February 27, 2014
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
February 3, 2014
Series: Country Report No. 14/26
Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of the Marshall Islands
Solomon Islands: Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion
January 22, 2014
Series: Country Report No. 14/12
Regional Economic Outlook: Asia and Pacific
Asia has not been spared by the recent re-pricing of financial assets in emerging markets, encountering a wave of capital outflows in the past few months. The overall impact has, so far, been manageable although some countries have been subject to greater stress. Tighter global liquidity— and homegrown structural impediments in some countries—will weigh on growth, but for most economies the impact should be partly offset by a gradual pickup in exports to advanced economies and resilient domestic demand. If, however, conditions tighten further we are likely to see even greater differentiation across the region. Those with strong fundamentals and policy credibility will be able to offset imported tightening through lower policy rates and fiscal support. Others that have delayed reforms, left fiscal vulnerabilities untackled, or tolerated too-high inflation may be forced to respond with a procyclical policy tightening. Announcing credible medium-term reforms would rebuild confidence and ease policy trade-offs.