01716cas a2200241 a 4500 AALejournalIMF009101 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451837469 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Tonga : 2006 Article IV Consultation; Staff Report; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (55 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 has become increasingly vulnerable. Fiscal discipline has weakened, undermining macroeconomic stability and external viability. Medium-term prospects have deteriorated. Moreover, there are other serious downside risks to the fiscal outlook. Further monetary tightening in response to the wage settlement and the full flexibility of the exchange rate system are required. A larger and more dynamic private sector offering alternative employment opportunities would facilitate the downsizing of the public sector. There is a need to improve the reliability, coverage, and timeliness of statistics. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/241 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/241/002.2006.issue-241-en.xml IMF e-Library