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Date Time IMF Executive Board Concludes 2020 Article IV Consultation with Tonga Washington, DC: On January 25, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Tonga. Tonga’s slow recovery from the devastating 2018 Tropical Cyclone Gita has been derailed by twin shocks from the Covid-19 pandemic and Cyclone Harold. Proactive and timely actions, including the early closure of external borders and prompt economic support, have helped avoid a worse economic outcome and there are no recorded COVID-19 cases in Tonga to date. Nevertheless, FY2020 GDP (ending June 2020) is expected to contract by 2½ percent, followed by a further contraction of 3½ percent in FY2021, as Tonga’s peak tourism season gets underway while borders remain closed and reconstruction efforts continue to be delayed. The latter has led to record high international reserves as delayed aid-spending resulted in import compression. Nevertheless, ext

United statesNew zealandBoard of the international monetary fundExecutive boardInternational monetary fundCyclone gitaRapid creditSelected economic indicatorsNonfinancial assetsCalendar year basisManaging directorExecutive directorsஒன்றுபட்டது மாநிலங்களில்புதியது ஜீலாந்துபலகை ஆஃப் தி சர்வதேச பண நிதிநிர்வாகி பலகை