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Tonga : 2011 Article IV consultation : staff report, staff supplement, public information notice on the Executive Board discussion, and statement by the Alternate Executive Director for Tonga

Author: International Monetary Fund. Asia and Pacific Department.
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/110.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Tonga's economy showed recovery from recent shocks on the back of stronger tourism activity and fiscal expansion. In spite of generous grant inflows, Tonga remains at?high risk of debt distress? according to World Bank-IMF debt sustainability analysis. Executive Directors stressed that fiscal consolidation is necessary to ensure fiscal sustainability, and encouraged authorities to set up a comprehensive  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. Asia and Pacific Department.
ISBN: 9781462374823 1462374824
OCLC Number: 747819281
Description: 1 online resource (68 pages).
Series Title: IMF country report, no. 11/110.
Other Titles: Tonga, 2011 Article IV consultation
Responsibility: prepared by the Asia and Pacific Dept., in consultation with other departments.
More information:

Abstract:

Tonga's economy showed recovery from recent shocks on the back of stronger tourism activity and fiscal expansion. In spite of generous grant inflows, Tonga remains at?high risk of debt distress? according to World Bank-IMF debt sustainability analysis. Executive Directors stressed that fiscal consolidation is necessary to ensure fiscal sustainability, and encouraged authorities to set up a comprehensive debt-management strategy to limit the credit and currency risks. Directors welcomed the government's policy to pursue structural reforms to promote private sector activity and restore fiscal.

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