European Parliament Library

Tonga :, 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga

Tonga’s growth is likely to be low in the near term as remittances remain constrained by global economic conditions. The staff report for Tonga’s 2009 Article IV Consultation highlights economic developments and policies. The reconstruction of the central business district and increased subsistence agriculture are likely to cushion the downward pressures. Risks are, however, tilted to the downside, mainly owing to increasing unemployment in remittance-sending economies and rising oil prices. The drawdown of the large reconstruction loan will lead to high risk debt levels over the medium term
Table Of Contents
Cover; Contents; Executive Summary; I. Context and Recent Economic Developments; Boxes; 1. The Impact of the Global Crisis on the Pacific Island Economies; II. Policy Discussions; A. Outlook; B. Fiscal Policy; 2. Debt Sustainability and the Reconstruction of the Central Business District; C. Monetary and Financial Sector Policies; D. External Viability and Exchange Rate Policies; E. Structural Policies; III. Staff Appraisal; Figure; 1. Economic Developments, 2002/03-2009/10; Tables; 1. Selected Economic Indicators, 2003/04-2009/10; 2. Summary of Government Operations, 2003/04-2009/10
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (69 p.)
Specific Material Designation
Form Of Item

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