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This Selected Issues paper on Samoa reports that remittances are the main source of foreign exchange to the Samoan economy. In addition to remittances, travel credits also play an important role in the economy. Official transfers are also significant, and should remain an important source of...
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This 2015 Article IV Consultation highlights that Tonga’s economy is estimated to have grown by about 2 percent in FY …
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This 2005 Article IV Consultation for Samoa reports that the combination of sound economic management and structural reform had led to robust growth, low inflation, sound public finances, and a comfortable external position. With continued commitment to sound macroeconomic and reform policies,...
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Tonga’s high debt and the apparent ineffectiveness of the monetary transmission mechanism constrain the authorities … prices would also hit Tonga hard, feeding through to inflation, growth, and the current account deficit. Tonga’s high public …
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This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06 …
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Samoa has suffered severe social and economic shocks. The outlook is challenging and subject to considerable uncertainty. Because of the tsunami’s potentially severe impact on tourism, real GDP is likely to contract this financial year. The fiscal strategy to shoulder the rebuilding costs,...
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This paper reviews economic developments in Western Samoa during 1990–94. Economic growth resumed in 1993, led by a strong recovery in agriculture during the first half of the year and a rebound in tourism. With the recovery in domestic food production, the rate of inflation declined in 1993....
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