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The Central Bank of Samoa is the nation's reserve bank and, as such, it acts as a bank to the Government and the commercial banks.
What's NewQuestionnaire on Sustainable Finance in SamoaGlobal actions towards climate change and environmental challenges have included a more active role taken by central banks and the financial sector to promote the move towards a sustainable world economy. Read more »Economic Consequences of Covid-19: The outlook so farIn these extraordinary times as the loss of lives from the Coronavirus (Covid-19) pandemic continues to rise globally, the necessary measures undertaken to protect human lives and contain the further widespread of this greatest health crisis of our time, will also have a severe impact on the global economy. According to the International Monetary Fund’s latest World Economic Outlook (WEO) released on 16 April 2020, the world economy is predicted to contract sharply by -3.0 percent in 2020, a major downward revision from the 3.3 percent real growth for 2020 that was projected in their January 2020 WEO Update. This notable turnaround reflects the immediate impact of weakened global demand and the adverse effects of the Covid-19 pandemic on the global economy as various containment measures and subsequent disruptions to international travel and trade were implemented in February and March. Read more »CBS Continued Operating Hours during extended SOE periodConsistent with the Government of Samoa’s extended State of Emergency (SOE) period effective 5th April to 2nd May 2020, the Central Bank of Sāmoa (CBS) wishes to advise of the continuation of its business operations and services to the general public and financial sector. Our operating hours from Monday, 6th April to Friday, 1st May will remain from 9am to 2pm. In support of the Government’s efforts during this time and as precautionary measures, CBS will continue to limit face-to-face meetings with its stakeholders as much as possible. Read more » |
key statisticsApril 2020
Real GDP |
