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This staff report discusses Seychelles 2013 Article IV Consultation, Seventh Review Under the Extended Arrangement and Request for Modification of Performance Criterion. The repayment of domestic debt, a preference for foreign financing, and shallow domestic financial markets have resulted in...
Persistent link: https://www.econbiz.de/10011242473
public investment. In the wake of the January 2011 devaluation and concurrent increase in taxes, the fiscal balance shifted …
Persistent link: https://www.econbiz.de/10011242538
The new government is committed to prudent macroeconomic policies and to enhancing Georgia’s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key...
Persistent link: https://www.econbiz.de/10011242578
Rwanda has responded to lower aid by tightening policies and drawing on its foreign reserves to cushion the impact on the economy. Economic activity has been resilient despite lower aid inflows. The agreed framework for the FY2013/14 budget is in line with Policy Support Instrument (PSI)...
Persistent link: https://www.econbiz.de/10011242693
This paper discusses Peru’s economic performance in 2012. The impressive growth is owed to its strong fundamentals and sound policy management. However, the economy is vulnerable to short-term shocks. A low growth in China or in the United States could hamper Peru’s macroeconomic...
Persistent link: https://www.econbiz.de/10011242761
This paper discusses Rwanda’s Seventh Review Under the Policy Support Instrument (PSI), Request for a Three-Year PSI and Cancellation of Current PSI. Progress under the PSI has continued to be satisfactory. Except for the ceiling on nonconcessional borrowing (NCB), all quantitative...
Persistent link: https://www.econbiz.de/10011242790
position than before the crisis. With investment particularly hard-hit, potential GDP is likely to be lower than estimated …
Persistent link: https://www.econbiz.de/10011242869
Guinea is making good progress in recovering from a long period of social unrest and military rule. Macroeconomic imbalances have been reduced, major structural reforms are under way, and long-neglected infrastructure is being rebuilt. However, the political transition process is still...
Persistent link: https://www.econbiz.de/10011242870
still on an upward trend has been revised down for 2013, reflecting the sluggish pace of public investment. Nonresource … growth is expected to pick up in the medium term, in line with an expected increase in public investment albeit the … investment path is somewhat more moderate than originally planned and provided project execution speeds up. …
Persistent link: https://www.econbiz.de/10011242990
The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus...
Persistent link: https://www.econbiz.de/10011242991