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[IWS] ADB: PACIFIC ECONOMIC MONITOR--DECEMBER 2013 [2 December 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Asian Development Bank (ADB)
PACIFIC ECONOMIC MONITOR--DECEMBER 2013 [2 December 2013]
[full-text, 36 pages]
Click on the following for access.
The theme of the policy briefs included in this issue is the economics of climate change and climate change financing challenges in the Pacific.
Weak global growth is impacting the Pacific largely through lower commodity prices. Subdued global demand is keeping international commodity prices low—adversely affecting agriculture, mineral, and forestry export revenues of some Pacific economies.
Strong revenue performance in smaller Pacific economies has continued in 2013, while larger economies have struggled. For the second consecutive year, fishing license revenues are exceeding budget targets in Kiribati, the Marshall Islands, Nauru, and Tuvalu due to rising rates under a regional vessel day scheme. Tax collections in the Cook Islands, Fiji, and Vanuatu are also higher than expected.
Fiscal pressures are expected to increase in 2014. Public investments to support postcyclone recovery are expected to drive up debt levels and slow Samoa’s progress toward fiscal consolidation in the near term.
Climate change economic impacts and adaptation efforts in the Pacific. This issue’s policy briefs address the economics of climate change and climate change financing challenges in the Pacific.
The Economic Setting
Country Economic Updates
Economics of Climate Change in the Pacific
Climate Change Impacts on Pacific Agriculture
Regional Disaster Risk Assessment and Pooling
Marshalling Climate Change Finance through Public Financial Management
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