Samoa: Economic Recovery Support Program— Subprograms 1 and 2
In response to 2008 global economic crisis and the earthquake and resultant tsunami of September 2009, the Government of Samoa sought support from the International Monetary Fund (IMF) through its Exogenous Shock Facility, which catalyzed concessional financing from the Asian Development Bank (ADB), the World Bank, Australian Aid, and New Zealand Aid to ensure (i) a return to positive growth rates, (ii) the timely completion of tsunami-related reconstruction activities, and (ii) sustained support to private sector development. The government prepared a sequenced policy matrix with actions for posttsunami reconstruction and negotiated with development partners to direct their development support through the country’s budget systems. Prior to the September 2009 earthquake and tsunami, the government through its policy dialogue with development partners, had prioritized expenditures and maintained alignment with its 2008–2012 national priorities. It balanced the
focus for investment in capital projects to stimulate growth, with the provision of the basic needs of the population. It maintained public sector wage restraint, and at the same time avoided any tax increases to maintain business and consumer confidence.
This report validates the completion report’s assessment of the program. IED overall assessment: Successful.