Tonga : 2014 article IV consultation-staff report ; press release ; and statement by the executive director for Tonga /

KEY ISSUES Context: Tonga's economy is rebounding, partially owing to a recovery in agricultural exports. The outlook for tourism is also improving. The reconstruction from a recent cyclone is expected to lead to both a temporary boost to growth and additional financing needs. Risks to the infl...

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Online Access: Full text (MCPHS users only)
Format: Electronic eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014
Series:IMF country report ; no. 14/240.
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Local Note:ProQuest Ebook Central

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245 0 0 |a Tonga :  |b 2014 article IV consultation-staff report ; press release ; and statement by the executive director for Tonga /  |c International Monetary Fund. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
264 4 |c ©2014 
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490 1 |a IMF Country Reports ;  |v no. 14/240 
505 0 |a Cover; CONTENTS; THE MACROECONOMIC SITUATION; A. Authorities' Views; COPING WITH EXTRA FINANCING NEEDS; A. Background; B. Staff Views; C. Authorities' Views; REINVIGORATING FINANCIAL INTERMEDIATION; A. Background; B. Staff Views; C. Authorities' Views; REVERSING THE TREND OF SLOWER GROWTH; A. Background; B. Staff Views; C. Authorities' Views; STAFF APPRAISAL; BOXES; 1. The Macroeconomic Impact of the Cyclone; 2. Macroeconomic Implications of Hosting the 2019 Pacific Games; 3. Exchange Rate Assessment; 4. Previous Fund Recommendations; FIGURES; 1. Stylized Facts; 2. Economic Developments. 
505 0 |a Fund relations; pacific financial technical assistance centre (pftac) country strategy 2013-14; world bank-imf collaboration; relations with the asian development bank; statistical issues. 
505 8 |a 3. Exchange Rate and Fiscal Policy Developments4. Monetary Policy and Financial Sector Developments; TABLES; 1. Tonga: Selected Economic Indicators, 2008/09-2014/15; 2. Tonga: Summary of Government Operations, 2008/09-2014/15; 2.a: Summary of Government Operations, 2008/09-2014/15; 3. Tonga: Depository Corporations Survey, 2008/09-2013/14; 4. Tonga: Balance of Payments Summary, 2008/09-2014/15; 5. Tonga: Medium-Term Scenario, 2009/10-2018/19; 6. Tonga: Financial Soundness Indicators, 2008/09-2012/13; 7. Tonga: Millennium Development Goals, 1990-2012; APPENDIX; I. Risk Assessment Matrix. 
520 |a KEY ISSUES Context: Tonga's economy is rebounding, partially owing to a recovery in agricultural exports. The outlook for tourism is also improving. The reconstruction from a recent cyclone is expected to lead to both a temporary boost to growth and additional financing needs. Risks to the inflation outlook and the external position are low. Fiscal Policy: The projected fiscal cost relating to the cyclone will be largely met by confirmed funding mainly from donor agencies. In the near term, the authorities should focus on reconstruction activities, while a medium-term fiscal strategy should aim. 
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