Samoa

This 2003 Article IV Consultation highlights that Samoa’s GDP growth slowed to 1.9 percent in 2001/02. This slowdown reflected mainly a steep decline in agriculture and a sharp contraction in construction activity. Although underlying inflation has remained low, headline inflation accelerated in this period, rising from 1.1 percent in 2000/01 to 9.8 percent in 2001/02 as a result of food supply shortages. Supervision in the financial sector has been enhanced by bringing all nonbank institutions under the supervisory regime of the central bank, and guidelines governing the supervision of these institutions are currently being developed.Economic conditions;central bank, balance of payments, inflation, domestic financing, external debt, current account, official reserves, monetary policy, public debt, monetary fund, external financing, current account balance, external borrowing, monetary conditions, monetary authorities, repayments, monetary survey, public finances, monetary stance, reserve assets, monetary policy operations, open market operations, public and publicly guaranteed, external obligations, long-term loans, debt restructuring, debt sustainability analysis, foreign aid, loan disbursements, debt statistics, government loans, monetary statistics, monetary aggregate, public finance, debt outstanding, debt sustainability, monetary policy instruments, public and publicly guaranteed debt, monetary policies, amortization payments, external public debt, domestic investors, debt service, public external debt, private credit, monetary sector, money laundering, monetary aggregates, external debt statistics, external shocks, monetary accounts, public sector management