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Tonga : 2015 Article IV Consultation-Staff Report; and Press Release.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Asia and Pacific Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2015/107
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Economic development--Tonga.
- Economic forecasting--Tonga.
- Economic indicators--Tonga.
- Expenditures, Public.
- Financial risk management--Tonga.
- Fiscal policy--Tonga.
- International Monetary Fund--Tonga.
- Monetary policy--Tonga.
- Structural adjustment (Economic policy)--Tonga.
- Tonga--Economic conditions.
- Local Subjects:
- Economic development--Tonga.
- Economic forecasting--Tonga.
- Economic indicators--Tonga.
- Expenditures, Public.
- Financial risk management--Tonga.
- Fiscal policy--Tonga.
- International Monetary Fund--Tonga.
- Monetary policy--Tonga.
- Structural adjustment (Economic policy)--Tonga.
- Tonga--Economic conditions.
- Physical Description:
- 1 online resource (102 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2015.
- Language Note:
- English
- Summary:
- This 2015 Article IV Consultation highlights that Tonga’s economy is estimated to have grown by about 2 percent in FY2013/14 (year ending June) driven by agriculture and construction, following a contraction in 2012/13 mainly caused by the completion of a large capital project. The external position has strengthened, following large grants and remittance inflows, which have bolstered international reserves. Real GDP growth is expected to average 2–3 percent in FY2014/15–FY2019/20. Although the progress of reconstruction in the aftermath of 2014 Cyclone Ian is slower than expected, the coronation scheduled for July 2015 and preparations for the 2019 South Pacific Games will support economic activity over the next few years.
- Contents:
- Cover Page; Title Page; Copyright Page; Tonga: 2015 Article IV Consultation-Staff Report; and Press Release; Contents; Boxes; Figures; Tables; Appendices; Context; 1. Stylized Facts; Recent Developments, Outlook and Risks; 2. Recent Economic Developments; 3. External and Monetary Developments; 1. The Macroeconomic Impact of Lower Oil Prices; Policy Discussions: Navigating A Stable Course; A. Building a Sound Fiscal Position; B. Safeguarding External Stability; C. Ensuring Price Stability; 2. Assessing Reserve Adequacy; 3. Exchange Rate and Competitiveness; D. Fostering Financial Stability
- E. Raising Tonga's Growth PotentialOther Issues; Staff Appraisal; 4. Financial Intermediation; 1. Selected Economic Indicators, 2009/10-2015/16; 2. Summary of Government Operations, 2009/10-2015/16; 2a. Summary of Central Government Operations, 2009/10-2015/16; 3. Depository Corporations Survey, 2009/10-2015/16; 4. Balance of Payments Summary, 2009/10-2015/16; 5. Medium-Term Scenario, 2010/11-2019/20; 6. Financial Soundness Indicators, 2007/08-2013/14; 7. Millennium Development Goals, 1990-2013; I. Risk Assessment Matrix; II. Public Financial Management Reform
- III. Moving to Inflation Point Reference SystemIV. Impediments to Credit Growth; V. Challenges to Growth; Contents; Tonga: Staff Report for the 2015 Article IV Consultation-Informational Annex; Fund Relations; Pacific Financial Technical Assistance Centre (PFTAC) Country Strategy 2015-16; World Bank-IMF Collaboration; Relations with the Asian Development Bank; Statistical Issues; Tonga: Staff Report of the 2015 Article IV Consultation-Debt Sustainability Analysis Update; IMF Executive Board Concludes 2015 Article IV Consultation with Tonga; Footnotes
- Tonga: 2015 Article IV Consultation-Staff Report and Press Release; Tonga: Staff Report for the 2015 Article IV Consultation-Informational Annex; Tonga: Staff Report of the 2015 Article IV Consultation-Debt Sustainability Analysis Update; IMF Executive Board Concludes 2015 Article IV Consultation with Tonga
- Notes:
- Description based upon print version of record.
- Description based on print version record.
- ISBN:
- 9781475535396
- 1475535392
- 9781475550092
- 147555009X
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