Samoa [electronic resource] : 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.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 10/46Publication details: Washington, D.C. : International Monetary Fund, 2010Description: 1 online resource (46 p.)ISBN: 1451840772 :ISSN: 1934-7685Subject(s): Access To Fund General Resources | Economic Growth | Economic Indicators | Emergency Assistance | Exogenous Shocks Facility | Fiscal ManagementAdditional physical formats: Print Version:: 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 SamoaOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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