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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: Staff Report for the 2003 Article IV Consultation
International Monetary Fund
This 2003 Article IV Consultation highlights that Samoa’s GDP growth slowed to 1.9 percent in 2001/02. This slowdown reflected mainly a steep decline in agriculture and a sharp contraction in construction activity. Although underlying inflation has remained low, headline inflation accelerated in this period, rising from 1.1 percent in 2000/01 to 9.8 percent in 2001/02 as a result of food supply shortages. Supervision in the financial sector has been enhanced by bringing all nonbank institutions under the supervisory regime of the central bank, and guidelines governing the supervision of these institutions are currently being developed.
Keywords:
ISCR; CR; government; budget; budget framework; item; budget target; development expenditure; staff appraisal; announced budget; Budget planning and preparation; Public sector; Commercial banks; Public enterprises; Imports; Pacific Islands; Global; Australia and New Zealand