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Tonga [electronic resource] : 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 09/292.
IMF Staff Country Reports; Country Report No. 09/292
Format/Description:
Government document
Book
1 online resource (68 p.)
Local subjects:
Article IV consultations. (search)
Balance of payments. (search)
Banking sector. (search)
Capital expenditure. (search)
Current account. (search)
Current account balance. (search)
Current account deficits. (search)
Debt dynamics. (search)
Debt service. (search)
Debt sustainability. (search)
Debt sustainability analysis. (search)
Domestic financing. (search)
Economic growth. (search)
Economic indicators. (search)
Expenditure. (search)
Expenditure allocations. (search)
Expenditure areas. (search)
Expenditure control. (search)
Expenditures. (search)
External borrowing. (search)
External debt. (search)
External financing. (search)
External shocks. (search)
Financial risk. (search)
Financial sector. (search)
Fiscal consolidation. (search)
Fiscal policy. (search)
Fiscal reforms. (search)
Operational expenditures. (search)
Public debt. (search)
Public financial management. (search)
Recurrent expenditure. (search)
Repayments. (search)
Reserve bank. (search)
Staff Reports. (search)
Total expenditure. (search)
Wage expenditure. (search)
Tonga. (search)
Summary:
Tonga’s growth is likely to be low in the near term as remittances remain constrained by global economic conditions. The staff report for Tonga’s 2009 Article IV Consultation highlights economic developments and policies. The reconstruction of the central business district and increased subsistence agriculture are likely to cushion the downward pressures. Risks are, however, tilted to the downside, mainly owing to increasing unemployment in remittance-sending economies and rising oil prices. The drawdown of the large reconstruction loan will lead to high risk debt levels over the medium term.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451837518:
9781451837513
ISSN:
1934-7685
Publisher Number:
10.5089/9781451837513.002
Access Restriction:
Restricted for use by site license.
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