Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program

Download or read book Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-21 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.