Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu
Download or Read eBook Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu PDF written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-04 with total page 95 pages. Available in PDF, EPUB and Kindle.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 95 |
| Release | : 2021-08-04 |
| ISBN-10 | : 9781513591476 |
| ISBN-13 | : 1513591479 |
| Rating | : 4/5 (76 Downloads) |
Book Synopsis Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu by : International Monetary
Book excerpt: Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu—a fragile Pacific micro-state—avoid a recession in 2020. The economy is expected to expand by 2.5 percent in 2021, supported by fiscal expenditures and resumption of infrastructure projects. But significant challenges remain: Tuvalu is vulnerable to the effects of climate change, its economy is dominated by the public sector, and its revenue base is narrow. Uncertainty around donor commitments complicates fiscal planning.
