Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu

Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu
Author :
Publisher : International Monetary Fund
Total Pages : 95
Release :
ISBN-10 : 9781513591476
ISBN-13 : 1513591479
Rating : 4/5 (479 Downloads)

Book Synopsis Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu by : International Monetary Fund. Asia and Pacific Dept

Download or read book Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu written by International Monetary Fund. Asia and Pacific Dept 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. 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.


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