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International Monetary Fund. Fiscal Affairs Dept.

hybrid electric vehicle PPA Power Purchase Agreement PPCR Enhancing Climate Resilience of Coastal Resources & Communities PPP Public-Private Partnership PREP Pacific Resilience Program PSIP Public Sector Investment Plan PUMA Planning and Urban Management Agency PV Present Value RCF Rapid Credit Facility RE Renewable Energy REDD Reducing Emissions from Deforestation and forest Degradation SAO Samoa Audit Office SAT Samoan Tala SCCP Samoa Climate Change Policy

International Monetary Fund. Fiscal Affairs Dept.
Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and livelihoods. Slow-moving climate stresses such as sea level rise and increasing heat hazard are also likely to impact potential growth in the main economic sectors such as agriculture, fisheries, and tourism.
International Monetary Fund. Fiscal Affairs Dept.

Management Office, the Office of the Regulator, the Samoan Audit Office, the Samoan Bureau of Statistics, the Electric Power Corporation, the Samoa Land Corporation, the Land Transport Authority, the Samoa Ports Authority, the Samoa Tourism Authority, the Samoa Water Authority, the Meteorology Division of the MNRE, the National Bank of Samoa; and the National Pacific Insurance. The team is grateful to the authorities for open discussion and close cooperation. In particular, the team would like to express appreciation to Ms. Faataga and Mr. Mulitalo for their invaluable

and businesses. 12. The overall execution rate of the two stimulus packages remains high ( Table 6 ) . The government has already executed around 90 percent of the phase-I and 80 percent of the phase-II stimulus packages as of end-December 2020. The Office of the Controller and Auditor-General takes responsibilities of the pre-audit function as well as the post-audit function of payments, including crisis-related procurement and spending. The Samoa Audit Office has been conducting a comprehensive audit. The government has implemented its commitment on

International Monetary Fund. Asia and Pacific Dept
Samoa has shown resilience to past economic shocks, underpinned by the authorities’ strong commitment to support the economy and financial assistance provided by the international community. Samoa was among the first countries in the world to secure its border to protect its citizens from COVID-19. The authorities’ quick response to the measles outbreak and the global pandemic has identified the policy priorities well. The international community also responded swiftly, including the IMF disbursement under the Rapid Credit Facility (RCF) in April 2020 which helped unlock record budget support grants by the Asian Development Bank (ADB) and the World Bank (WB). The authorities strengthened the health care system and provided support to the private sector, with assistance targeted to vulnerable businesses and households to safeguard livelihoods.