European Parliament Library

Tonga :, 2010 Article IV Consultation: Staff Report, Staff Supplement, and Public Information Notice on the Executive Board Discussion

Abstract
Tonga’s high debt and the apparent ineffectiveness of the monetary transmission mechanism constrain the authorities’ ability to support growth. In the near term, the strength of the global recovery is by no means assured, and there are multiple risks that could weaken prospects in both Europe and the United States. A further rise in world commodity and food prices would also hit Tonga hard, feeding through to inflation, growth, and the current account deficit. Tonga’s high public debt now poses a major risk to economic prospects
Table Of Contents
Cover; Contents; Executive Summary; Figures; 1. Economic Developments; I. Economic Developments; II. Outlook and Risks; Boxes; I. Determinants of Remittance Flows to Tonga; III. Calibrating Macroeconomic Policies; A. Fiscal Policy; 2. Exchange Rate and Fiscal Policy Developments; B. Monetary and Exchange Rate Policies; II. Tonga's National Strategic Planning Framework; C. Financial Sector Issues; 3. Monetary Policy and Financial Sector Developments; III. Exchange Rate Assessment; D. Structural Improvements to Promote Private Sector-Led Growth; IV. Impediments to Private Sector Development
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786612847721

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