Samoa: Staff Report of the 2005 Article IV Consultation
Volume/Issue:
Volume 2005
Issue 220
Publication date: June 2005
ISBN: 9781451840711
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Business and Economics , Exports and Imports , Labor , Economics- Macroeconomics , 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
Summary
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.
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