01794cas a2200241 a 4500 AALejournalIMF007190 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455264438 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Tonga : 2011 Article IV Consultation; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Alternate Executive Director for Tonga. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (68 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Tonga's economy showed recovery from recent shocks on the back of stronger tourism activity and fiscal expansion. In spite of generous grant inflows, Tonga remains at 'high risk of debt distress' according to World Bank-IMF debt sustainability analysis. Executive Directors stressed that fiscal consolidation is necessary to ensure fiscal sustainability, and encouraged authorities to set up a comprehensive debt-management strategy to limit the credit and currency risks. Directors welcomed the government's policy to pursue structural reforms to promote private sector activity and restore fiscal sustainability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/110 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/110/002.2011.issue-110-en.xml IMF e-Library