(AGENPARL) - Roma, 25 Aprile 2023 - (AGENPARL) – mar 25 aprile 2023 [Mission Concluding Statements](http://www.imf.org/cgi-shl/create_x.pl?ms)
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https://www.imf.org/en/News/Articles/2023/04/25/tuvalu-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46456
[Tuvalu: Staff Concluding Statement of the 2023 Article IV Mission](https://www.imf.org/en/News/Articles/2023/04/25/tuvalu-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46456)
APRIL 25, 2023
https://www.imf.org/en/News/Articles/2023/04/25/tuvalu-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46456
A successful vaccination strategy allowed Tuvalu to lift COVID containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real GDP growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Activity has not fully recovered to its pre-pandemic level, with growth in 2021 at 1.8 percent and estimated at 0.7 percent for 2022. Headline inflation rose to 11.5 percent in 2022 in the context of higher global inflationary pressures, an increase in transportation costs around the world, and the increase in global food prices in the wake of Russia’s invasion of Ukraine. The external position temporarily strengthened as COVID containment measures and their impact on import-intensive infrastructure projects led to a sharp increase in the current account balance, implying that its level for 2022 was broadly in line with fundamentals and desirable policy settings.
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