Tonga : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/166

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic indicators--Tonga.

Economic indicators.

Monetary policy--Tonga.

Monetary policy.

Physical Description:

1 online resource (72 p.)

Edition:

1 ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

In Tonga, the fiscal position has strengthened but vulnerabilities remain. Directors have welcomed Tonga’s recovery from the global crisis but noted remaining vulnerabilities and a high debt burden. With downside risks clouding the outlook, Directors have emphasized the importance of strengthening policy buffers and the foundation for faster and more inclusive growth. Directors have also encouraged the authorities to implement their fiscal plans within a medium-term framework and to improve further the quality of public spending to meet Tonga’s development objectives.

Contents:

""Cover""; ""CONTENTS""; ""INTRODUCTION""; ""RECENT DEVELOPMENTS""; ""KEY THEMES FOR THE CONSULTATION""; ""A. Spillovers and Risks""; ""B. Enhancing Resilience to Shocks""; ""C. Building Faster and More Inclusive Growth""; ""D. Outreach""; ""E. Other Issues""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Selected Economic Indicators, 2007/08�2012/13""; ""2. Summary of Government Operations, 2007/08�2012/13""; ""3. Depository Corporations Survey, 2007/08�2012/13""; ""4. Balance of Payments Summary, 2007/08�2012/13""; ""5. Medium-Term Scenario, 2009/10�2016/17""

""6. Financial Soundness Indicators, 2007/08�2010/11""""7. Millennium Development Goals""; ""FIGURES""; ""1. Channels of Spillovers to Tonga""; ""2. From Crisis to Recovery�Rebuilding Policy Buffers""; ""3. Monetary Policy and Systemic Risks""; ""BOXES""; ""1. Growth Spillovers From the Global Economy""; ""2. Tax Reform""; ""3. Improving Expenditure Quality""; ""4. Exchange Rate Assessment""; ""5. Raising Potential Growth""; ""APPENDIX""; ""I. Transition to GFSM 2001""; ""CONTENTS""; ""I. FUND RELATIONS""

""II. PACIFIC FINANCIAL TECHNICAL ASSISTANCE CENTRE (PFTAC) COUNTRY STRATEGY 2012�14""""III. WORLD BANK�IMF COLLABORATION""; ""IV. RELATIONS WITH THE ASIAN DEVELOPMENT BANK""; ""V. STATISTICAL ISSUES""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475538595

1475538596

9781475557619

1475557612

9781299264137

1299264131

9781475585827

1475585829