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 Samoa

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 Samoaâ€™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 IMFâ€™s ESF-RAC. IMF staff supports the request on Samoaâ€™s low public debt and credible commitment to sound macroeconomic policies.

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Year of publication:	2010-02-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Access to Fund general resources \| Announcements \| Balance of payments need \| Debt sustainability analysis \| Economic growth \| Economic indicators \| Exogenous Shocks Facility \| Fiscal management \| Fiscal reforms \| Staff Reports \| tsunami \| external debt \| disaster \| public debt \| current account \| debt service \| balance of payments \| current account deficit \| public sector debt \| debt management \| external financing \| central bank \| debt sustainability \| debt management strategy \| public and publicly guaranteed \| public debt management \| earthquake \| disaster management \| domestic financing \| disaster risk \| debt relief \| net debt \| debt burden \| disaster risk reduction \| risk reduction \| debt ratio \| external public debt \| disaster response \| public external debt \| debt stock \| national disaster management \| ppg debt \| external borrowing \| repayments \| death toll \| domestic debt \| physical damage \| disasters \| current account balance \| debt dynamics \| repurchases \| emergency assistance \| ratio of debt \| ratio of debt service to exports \| debt ratios \| multilateral creditors \| external debt sustainability \| emergency relief \| debt statistics \| external shocks \| long-term debt \| bilateral donors \| imf repurchases \| current account deficits \| bilateral creditors \| disaster relief \| external debt indicators \| debt management policies \| private sector debt \| debt service obligations \| debt servicing \| short-term debt \| debt service to exports \| external public sector debt \| public sector borrowing \| private debt

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/46 4 pages long
Source:	RePEc - Research Papers in Economics

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