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Western Hemisphere > American Samoa

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Cover IMF Staff Country Reports
Samoa: Staff Report of the 2005 Article IV Consultation
International Monetary Fund
This 2005 Article IV Consultation for Samoa reports that the combination of sound economic management and structural reform had led to robust growth, low inflation, sound public finances, and a comfortable external position. With continued commitment to sound macroeconomic and reform policies, Samoa became one of the best managed economies in the Pacific Island region. The level of public debt has steadily declined from more than 90 percent to about 50 percent. Samoa also made progress toward the Millennium Development Goals.
Keywords:
ISCR; CR; deficit; authority; deficit target; cost; budget; loss-making Polynesian Airlines; minority interest; restructuring cost; debt outlook; Budget planning and preparation; Wage adjustments; Exports; Remittances; Imports; Pacific Islands
Cover IMF Staff Country Reports
Samoa: Recent Economic Developments
International Monetary Fund
This paper reviews economic developments in Western Samoa during 1990–94. Economic growth resumed in 1993, led by a strong recovery in agriculture during the first half of the year and a rebound in tourism. With the recovery in domestic food production, the rate of inflation declined in 1993. However, although infrastructure repairs were largely completed, financial policies remained relaxed: the budget deficit widened further to 22 percent of GDP in the 1992/93 fiscal year, and credit to the private sector continued to expand rapidly.
Keywords:
ISCR; CR; broad money; export; Samoa; lending; enterprise; time deposit; travel receipts; tuna resource; export proceeds; Western Samoa's export; taro export; monetary policy; net bank lending; export processing activity; primary sector; Commercial banks; Exports; Natural disasters; Imports; Australia and New Zealand