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Samoa :, Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Samoa

Abstract
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 recession. Real GDP is likely to contract in 2010. The authorities have requested a disbursement equivalent to 50 percent of quota (SDR 5.8 million) under the IMF’s ESF-RAC. IMF staff supports the request on Samoa’s low public debt and credible commitment to sound macroeconomic policies
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Economic Performance Prior to the Tsunami; Figures; 1. Samoa and its Peers During the Global Recession; III. Economic Outlook and Policy Framework; A. Impact of the Tsunami; B. Fiscal Management: From Rebuilding to Maintaining Sustainability; C. Monetary and Exchange Rate Policy: Maintaining a Sound Framework; D. Structural Reform: Enabling the Private Sector; 2. Selected Monetary and Financial Indicators; IV. Access and Risks; V. Staff Appraisal; Box; I. The Impact of the 2009 Tsunami on Tourism and the Economy; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (47 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282840362

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