Asia and Pacific Small States Monitor, August 2014

Author: Boyce Shari, Dodzin Sergei, Cabezon Ezequiel, Jamaludin Fazurin, Wu Yiqun, and Heller Rosanne

Publication date: August 2014

ISBN: 9781498309073

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Environmental Economics , Natural Disasters , MISC PERIOD , Misc , , IMF feature event , APD small states , IMF staff estimate , IMF deputy managing director Rachel Kyte , href , UN conference , IMF Palau mission team , IMF statistics dept , Natural disasters , Fiscal multipliers , Tourism , Credit , Pacific Islands , Global , Caribbean , Climate change , Asia and Pacific

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Summary

This issue of the Asia & Pacific Small States Monitor focuses on the challenges facing Asia and Pacific small states associated with natural disasters and climate change. Most tourism-oriented economies experienced a robust increase in arrivals, partly reflecting country-specific factors. Among commodity exporters (Bhutan, Solomon Islands, and Timor-Leste) and other Asia and Pacific small states, growth remains uneven: robust activity in Bhutan was driven mainly by hydropower-related construction activities; Solomon Islands experienced a continuing decline of logging stocks and a short-term disruption of gold production; and Timor-Leste’s ongoing depletion of oil reserves has led to a tighter budget constraint and lower government spending in the non-oil sector.