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Samoa: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1994: Issue 013
Language:
English
Publication Date:
15 May 1994
DOI:
https://doi.org/10.5089/9781451840636.002
ISBN:
9781451840636
ISSN:
1934-7685
Pages:
73
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund