Samoa First Fiscal & Economic Reform Operation

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The development objective of the First Fiscal and Economic Reform Operation Program for Samoa is: (i) to strengthen public financial management in the areas of debt, procurement, and revenue; and (ii) to strengthen the payments system, tourism sector policy, and private sector development opportunities as foundations for more robust economic growth over the medium term. This operation is the first in a programmatic series of two development policy operations, consisting of a single tranche to be disbursed upon effectiveness. The government recognizes that reforms to key aspects of public financial management will help to consolidate its fiscal situation and rebuild the fiscal buffers it needs to respond to future external shocks. This operation supports key aspects of the reforms being implemented by the government to consolidate its fiscal position and return the economy to a more robust growth path.