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SAMOA

Lying half way between Hawaii and New Zealand, the volcanic islands of Samoa are in the very centre of Polynesia. Samoa implemented a number of successful economic reforms in the mid-1990s which facilitated several years of steady growth, making it one of the stronger performing economies in the Pacific region. However, Samoa remains vulnerable to external economic shocks, and as a result of the global financial crisis real growth in GDP dropped by five percent in 2008/9. Samoa is also one of the most vulnerable countries to natural hazards such as cyclones, tsunamis and earthquakes, and the 2009 tsunami caused significant damage, particularly along the country's southern, eastern and southwestern coast. The effects exacerbated the economic impact of the global financial crisis. Bank finance for Samoa has focused on maintaining successful economic reform efforts while supporting recovery from the global crisis, and building long-term resilience to the effects of external shocks. In addition investments have helped support critical infrastructure, including for disaster risk management; agricultural production; reforms to the health sector to improve access and quality, as well as meeting the immediate needs of post-tsunami reconstruction.

Active financed activities as of March 28, 2012.
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