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Tuvalu 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Tuvalu
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Book Synopsis Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu by : International Monetary
Download or read book Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-04 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu—a fragile Pacific micro-state—avoid a recession in 2020. The economy is expected to expand by 2.5 percent in 2021, supported by fiscal expenditures and resumption of infrastructure projects. But significant challenges remain: Tuvalu is vulnerable to the effects of climate change, its economy is dominated by the public sector, and its revenue base is narrow. Uncertainty around donor commitments complicates fiscal planning.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :81 pages Book Rating :4.4/5 (2 download)
Book Synopsis Tuvalu by : International Monetary Fund. Asia and Pacific Dept
Download or read book Tuvalu written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-07-21 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2023 Article IV Consultation discusses that a successful vaccination strategy allowed Tuvalu to lift coronavirus disease (COVID) containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real gross domestic product growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Growth is expected to accelerate as the lifting of COVID restrictions leads to the resumption of construction activity, shipping bottlenecks ease and the trade and hospitality sectors recover. Tuvalu is among the countries most vulnerable to the effects of climate change; its remote economy is dominated by the public sector; and its revenue base is narrow, with reliance on donor commitments further complicating fiscal planning. The economic setback due to the pandemic makes addressing these significant structural challenges more difficult. The report recommends promoting fiscal sustainability and building buffers by mobilizing revenues and rationalizing current expenditures.
Book Synopsis Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia by : International Monetary
Download or read book Federated States of Micronesia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia written by International Monetary and published by International Monetary Fund. This book was released on 2021-11 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :148436628X Total Pages :65 pages Book Rating :4.4/5 (843 download)
Book Synopsis Tuvalu by : International Monetary Fund. Asia and Pacific Dept
Download or read book Tuvalu written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2018-07-03 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tuvalu is a fragile micro state. The country’s remoteness, narrow production base, and weak banking sector constrain private sector activity, leaving public expenditure as the main source of growth. The DSA finds that Tuvalu remains at high risk of debt distress.
Book Synopsis Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji by : International Monetary
Download or read book Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-03 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.
Book Synopsis Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru by : International Monetary
Download or read book Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-07 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early and decisive measures successfully prevented an outbreak of COVID-19 in Nauru, and as of January 2022 there have been no COVID-19 cases on the island. Strong pandemic policy measures supported the economy, which continued to expand in FY20 and FY21. Nauru’s remoteness and size constrain potential growth and it is severely exposed to the negative effects of climate change on sea levels and the ocean stock of tuna. Development challenges are exacerbated by limited capacity and a high incidence of non-communicable diseases (NCDs).
Book Synopsis Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands by : International Monetary
Download or read book Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-27 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued travel restrictions. Economic activity is expected to pick up in FY2022, as COVID-related restrictions will be relaxed gradually. The government is currently negotiating the renewal of Compact of Free Association (COFA) financial provisions with the United States, but terms remain uncertain. The government is considering to repeal the SOV Act and a bill on establishing a Digital Economic Zone was submitted to the Parliament recently.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :84 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Nauru by : International Monetary Fund. Asia and Pacific Dept
Download or read book Republic of Nauru written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-11-28 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :81 pages Book Rating :4.4/5 (2 download)
Book Synopsis Federated States of Micronesia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Federated States of Micronesia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2024-03-04 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth has been volatile since the Covid-19 pandemic, and inflation reached decade-high levels mainly due to higher prices of imported food and energy. High vulnerability to climate change is also intensifying food security concerns. Despite the weak domestic economy, the fiscal and external current accounts posted large surpluses, partly thanks to foreign grants and taxes paid by foreign firms. The high uncertainty around medium-term external financing and economic prospects diminished significantly with the signing of a new Compact of Free Association (COFA) agreement between the FSM and the United States government, which includes larger grants for the next 20 years and will enable much needed public investment and reforms. However, the agreement still needs to be ratified by the US Congress.
Book Synopsis Proceedings of the 2022 International Conference on Business and Policy Studies by : Xiaolong Li
Download or read book Proceedings of the 2022 International Conference on Business and Policy Studies written by Xiaolong Li and published by Springer Nature. This book was released on 2022-09-26 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume contains papers accepted by the 2022 International Conference on Business and Policy Studies (CONF-BPS 2022), which are carefully selected and reviewed by professional reviewers from corresponding research fields and the editorial team of the conference. This volume presents latest research achievements, inspirations, and applications in applied economy, finance, enterprise management, public administration, and policy studies. CONF-BPS hopes this volume could be inspiring and of academic value.Business and policy studies both are heated research topics and are related to multiple fields. Held by Eliwise Academy, CONF-BPS aims at bringing together intellectuals from related fields including applied economy, finance, and public administration for academic exchange. Its goal is to serve as an international platform for researchers to present latest research progress, share ideas and inspirations, and exchange experience. Through more academic communication and exchange, this conference hops to promote international corporation and joint initiatives in relevant fields. This volume will be of interest to researchers, academics, professionals, and policy makers in the field of business, economics, management, and policy studies.
Book Synopsis Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste by : International Monetary
Download or read book Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-14 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.
Book Synopsis Pacific Economic Monitor – August 2022 by : Asian Development Bank
Download or read book Pacific Economic Monitor – August 2022 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-08-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.
Book Synopsis Pacific Economic Monitor December 2021 by : Asian Development Bank
Download or read book Pacific Economic Monitor December 2021 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the Pacific Economic Monitor explores how the region can reopen and rebuild. Besides safely resuming travel and protecting health, a resilient recovery will depend on promoting fiscal sustainability and strengthening economic management, including regional cooperation to revitalize tourism.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :82 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of the Marshall Islands by : International Monetary Fund. Asia and Pacific Dept
Download or read book Republic of the Marshall Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-10-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real GDP declined by 4.5 percent in FY2022 due entirely to a decline in fisheries. However, excluding the sector, growth was 4.2 percent, fueled by a recovery in domestic demand. Inflation has picked up due to higher food and fuel prices, while the current account surplus narrowed as COVID-related grants declined and the trade deficit widened.
Book Synopsis Republic of Fiji by : International Monetary
Download or read book Republic of Fiji written by International Monetary and published by International Monetary Fund. This book was released on 2024-06-10 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fijian economy has recovered strongly from the pandemic. Real GDP rebounded by around 30 percent cumulatively in 2022–23, surpassing pre-pandemic levels. Inflation has recently ticked up modestly largely due to a temporary effect of the hike in Value-Added Tax rates. Supported by the economic recovery, the fiscal deficit and debt-to-GDP ratios continued to decline but remain at elevated levels. The FY2024 (August–July) budget included significant revenue enhancing measures, partially offset by spending increases, which, on balance, are expected to reduce the fiscal deficit and debt ratios. The monetary policy stance has remained accommodative, although the Reserve Bank of Fiji has begun tightening liquidity. The banking sector is sound overall, and asset quality is improving (although still lower than pre-pandemic levels). The coalition government is developing a program of growth-enhancing reforms, particularly in the National Development Plan due in June.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :84 pages Book Rating :4.4/5 (2 download)
Book Synopsis Tonga by : International Monetary Fund. Asia and Pacific Dept
Download or read book Tonga written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2022-08-26 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tonga’s nascent economic recovery following Tropical Cyclone Harold and border closures in early 2020 has been severely disrupted by a double blow from the Hunga Tonga–Hunga Haʻapai volcanic eruption and the first local outbreak of COVID-19 at the start of 2022. The authorities are augmenting reconstruction and restoration efforts, with support from the international community. Real GDP is projected to contract by 1.9 percent in FY2022 (July 2021–June 2022), before rebounding by 3.2 percent in FY2023 with a gradual reopening of international borders.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :81 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Palau by : International Monetary Fund. Asia and Pacific Dept
Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-12-21 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Palau has emerged from the pandemic with significant output loss, elevated public debt and historically high inflation. Adverse demographic trends, high dependence on tourism and external support, and vulnerability to climate change risks raise vulnerabilities. The authorities successfully enacted a fiscal responsibility framework and modernized the tax system. A new Compact Review Agreement (CRA-23), with better financial terms, is awaiting approval by US Congress.
