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This 2008 Article IV Consultation highlights that Tonga’s economy has shown resilience in the aftermath of the November … food prices has intensified pressure on inflation and external reserves. Tonga’s external position is expected to weaken …
Persistent link: https://www.econbiz.de/10014401896
Tonga's nascent economic recovery following Tropical Cyclone Harold and border closures in early 2020 has been severely … disrupted by a double blow from the Hunga Tonga-Hunga Haʻapai volcanic eruption and the first local outbreak of COVID-19 at the …
Persistent link: https://www.econbiz.de/10015060153
This Selected Issues paper and Statistical Appendix reviews the past conduct of monetary policy of Tonga. The paper … considers the problems in the current system and discusses the policy options available to the authorities. It reviews Tonga … paper also discusses some of the key features of the framework supporting the Tonga Trust Fund. Its main shortcomings are …
Persistent link: https://www.econbiz.de/10014406527
This 2002 Article IV Consultation highlights that the economic activity in Tonga rebounded modestly in 2001/02, as real …
Persistent link: https://www.econbiz.de/10014406531
This paper discusses a request from Samoa's authorities for a Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (ESF-RAC). The tsunami that hit Samoa on September 29, 2009 has undercut Samoa’s economic resilience and prospects for a quick recovery from the global...
Persistent link: https://www.econbiz.de/10014406602
This Selected Issues paper and Statistical Appendix reviews Samoa’s record of economic reform, its economic performance to date, and future areas of reform focus. The paper highlights that reform of the taxation system has reduced Samoa’s dependence on international trade taxes and enhanced...
Persistent link: https://www.econbiz.de/10014406785
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...
Persistent link: https://www.econbiz.de/10014406786
Samoa has achieved a major economic transformation over the last decade and a half. This 2007 Article IV Consultation highlights that real per capita GDP in Samoa has increased by more than 3 percent per year on average, and external public debt has fallen below 40 percent of GDP. The external...
Persistent link: https://www.econbiz.de/10014404647
This Selected Issues paper on Samoa reviews limitations to the existing framework of monetary policy, and suggests ways to improve its effectiveness. It examines current instruments at the disposal of the central bank to conduct monetary policy, before showing why monetary policy execution can...
Persistent link: https://www.econbiz.de/10014404648
Tonga’s economy has become increasingly vulnerable. Fiscal discipline has weakened, undermining macroeconomic stability …
Persistent link: https://www.econbiz.de/10014404661