Tonga : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/297

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Tonga.

Fiscal policy.

Debts, Public--Tonga.

Debts, Public.

Monetary policy--Tonga.

Monetary policy.

Tonga--Economic conditions.

Tonga.

Tonga--Economic policy.

Physical Description:

1 online resource (56 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the medium term, there are lingering risks on the policy front that could derail efforts to restore stability, in particular those that might arise from pressures to increase public sector hiring. A further drop in remittances and terms of trade shocks could present significant pressures on official reserves.

Contents:

Cover; Contents; Executive Summary; I. The Country Context; II. Economic Developments and Outlook; A. Recent Developments; B. Medium-Term Outlook and Risks; III. Policy Discussions; A. Fiscal and Debt Policy; B. Monetary, Financial and Exchange Rate Policies; C. Structural Reforms and Other Issues; IV. Staff Appraisal; Boxes; 1. The Civil Service Wage Settlement; 2. Remittances in Tonga; 3. Comprehensive Tax Reform; Figures; 1. Regional Comparators (Averages, 2001-06); 2. Regional Fiscal Comparisons; 3. Real, Fiscal, and Monetary Sector Developments, 1999/2000-2006/07; Tables

1. Selected Economic Indicators, 2002/03-2007/082. Summary of Government Operation, 2002/03-2007/08; 3. Banking Survey, 2002/03-2006/07; 4. Balance of Payments Summary, 2002/03-2007/08; 5. Medium-Term Scenario, 2004/05-2011/12; 6. Banking Sector Indicators, 2001-06; 7. Progress on Millennium Development Goals; Contents; I. Fund Relations; II. Relations with the Pacific Financial Technical Assistance Centre; III. Relations with the World Bank Group; IV. Relations with the Asian Development Bank; V. Statistical Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 1, 2015).

ISBN:

9786613877994

9781455256013

1455256013

9781452794341

1452794340

9781283565547

1283565544

9781452761848

1452761841