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.

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 glob...

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Korporativní autor: International Monetary Fund
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2010.
Edice:IMF Staff Country Reports; Country Report ; No. 2010/046
On-line přístup:Full text available on IMF
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Shrnutí: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.
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ISSN:1934-7685
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