Tuvalu [electronic resource] : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 11/46Publication details: Washington, D.C. : International Monetary Fund, 2011Description: 1 online resource (42 p.)ISBN: 1455216704 :ISSN: 1934-7685Subject(s): Article | Budget | Capital Expenditure | Debt | Public Enterprises | TuvaluAdditional physical formats: Print Version:: Tuvalu : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for TuvaluOnline resources: IMF e-Library | IMF Book Store Abstract: Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment-Tuvalu's main foreign exchange earning source for the private sector-is weak. The Consolidated Investment Fund (CIF) available for budget financing will be depleted. Freezing wages and reducing travel costs will also be important. Improvements in the banking sector and credit culture will help to support private-sector development. Executive Directors agreed to ensure fiscal sustainability.
Recent economic developments of Tuvalu were discussed. Major construction projects to build a wharf and a power station have been completed, and seafarer employment-Tuvalu's main foreign exchange earning source for the private sector-is weak. The Consolidated Investment Fund (CIF) available for budget financing will be depleted. Freezing wages and reducing travel costs will also be important. Improvements in the banking sector and credit culture will help to support private-sector development. Executive Directors agreed to ensure fiscal sustainability.
Description based on print version record.
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