Tonga : 2006 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

2006 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Tonga : 2006 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
Tonga's economy has become increasingly vulnerable. Fiscal discipline has weakened, undermining macroeconomic stability and external viability. Medium-term prospects have deteriorated. Moreover, there are other serious downside risks to the fiscal outlook. Further monetary tightening in response to the wage settlement and the full flexibility of READ MORE...

Publication date: June 2006
ISBN 9781451837469
$15.00

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