This category contains 40 posts

Continued structural reforms vital for Samoa’s economic recovery: IMF

(Media release) IMF Executive Board Concludes 2012 Article IV Consultation with Samoa On June 15, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Samoa.1 Background The Samoan economy continues to recover, but the rebound has been weak. After two consecutive years of contraction, real GDP expanded by … Continue reading

IMF: Solomons mineral wealth must spill over the rest of economy

IMF Completes the First Review Under the Standby Credit Facility with Solomon Islands, and Approves Request for Modification of Performance Criteria  The Executive Board of the International Monetary Fund (IMF) has completed the first review of Solomon Islands’ economic performance under a program supported by a Standby Credit Facility (see Press Release No. 11/448), and … Continue reading

Tonga- recovering but still vulnerable: IMF

IMF Executive Board Concludes 2012 Article IV Consultation with Tonga (Media release) On May 16, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tonga.1 Background Tonga’s economy is recovering gradually from the effects of the global slowdown and the domestic credit crunch, thanks to the pickup in … Continue reading

CNMI foreign workers status still in flux, China envoy visits MSG, PNG at Indonesia naval symposium

Highlights from the region’s media: Over 8,000 foreign employees in CNMI uncertain of work status (Saipan Tribune) Bill drafted to give residency status to foreign workers in CNMI (Radio New Zealand International) WB urges developing countries to strengthen domestic fundamentals, to weather global economic turmoil (World Bank) China Special Envoy to the Pacific Islands Forum … Continue reading

Fiji PM meets potential Chinese investors, ADB-Japan support FSM ports, Papua updates

Highlights from the region’s media: Fiji’s Bainimarama meets potential investors in China (Ministry of Information/Pacnews)  ADB, Japan support safe port operations in Federated States of Micronesia (Asian Development Bank)  Indonesia to assist Fiji in seaweed farming (Fijilive) American Samoa looks to Philippines for doctors (Radio New Zealand International)  Indonesia: Policies for growth (Oxford Business Group) … Continue reading

North Korea delegation visits Fiji, Vanuatu’s PR program nets VT30m in China, Tahiti signs China aquaculture deal

Highlights from the region’s media: North Korea delegation visit Fiji today (Fiji Sun) Vanuatu’s Permanent Residency programme in China earns government Vt30 million (Vanuatu Daily Post) Tahiti President signs huge aquaculture deal with Chinese company(Radio New Zealand International) Chairman of Vanuatu Citizenship Commission arrested (Radio Australia) Solomons union calls for investigation of RIPEL Chairman(Solomon Times) … Continue reading

Indonesia welcomes Vanuatu shift on Papua, Korean shellfish off Guam shelves

Highlights from the weekend media: Indonesian Government claims success in shifting Vanuatu position on Papua (Jakarta Globe) Korean shellfish pulled off Guam store shelves (Guam PDN) Analysis: Indonesia’s big economic plans for Papua (Down to Earth Indonesia) Indonesia could be the next India… unfortunately (Wall Street Journal) Huge Philippines, Indonesia aquarium-fish exports destructive (Business Mirror) … Continue reading

World Bank says Pacific growth impressive but slowing, Asian growth robust

Highlights from the region’s media: Impressive, but slowing Pacific growth: World Bank (Radio Australia) World Bank Tips Robust Asian Growth; Europe Poses Risks (Wall St Journal) Linking for growth in PNG (Oxford Business Group) Kiribati gets solar power boost from Japan (Radio New Zealand International) PNG Governor urges Indonesia to recognise rights of West Papuans … Continue reading

PNG Marine Industrial Zone on track, Regional survey predicts declining exports, economic growth

Highlights from the region’s media: PNG’s Pacific Marine Industrial Zone project on schedule: Abel (The National) Declining exports likely to dampen economic growth of Pacific Islands, reveals UN-ESCAP survey (The Jet newspaper)   Police to stop arms smuggling throughput PNG (Post Courier) Australian DFAT wants diplomats in more nations, including Thailand and Tuvalu (Pacnews) International … Continue reading

PALM previews, Pacific turns back on hydrocarbons, Guam and CNMI bond rating updates

Highlights from the region’s media: Japan to pledge 370 million yen for Pacific disaster insurance (Mainichi) Tongan students attend ‘Young PALM’ in Okinawa, Japan (Taimi Media Network) Pacific nations turn back on hydrocarbons (The Australian) Guam bond gets high rating (Marianas Variety)  CNMI’s B2 bond rating under review: Moody’s (Marianas Variety)  Have faith Vanuatu tourism … Continue reading



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