Showing 1 - 10 of 60
This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes … from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent … on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is …
Persistent link: https://www.econbiz.de/10005252900
This paper analyzes progress on the Poverty Reduction Strategy Paper—Country Development Strategy (PRSP–CDS) in the Kyrgyz Republic for 2007–10. The CDS is the most important concept paper that outlines midterm vision of the Kyrgyz Republic. The paper also discusses that...
Persistent link: https://www.econbiz.de/10011242472
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178
weakened markedly, particularly in tourism and foreign direct investment (FDI)-related construction, the drivers of growth in … recent years. The drop-off in tourism receipts, FDI, and other capital flows could lead to a worsening of the balance …
Persistent link: https://www.econbiz.de/10011244309
identified. This revenue could help strengthen the state while maintaining growth potential, especially in the tourism and …
Persistent link: https://www.econbiz.de/10011244974
The staff report for Vanuatu’s 2009 Article IV Consultation discusses economic developments and policies. Vanuatu is well placed to take countercyclical measures should growth slow more than expected. Although close monitoring of banks is necessary given the rapid growth in the private...
Persistent link: https://www.econbiz.de/10011245100
The 2011 Article IV Consultation highlights that low growth is expected for Montserrat in 2011 after sharp output contractions in 2009–10. Stress in the financial sector and slower-than-expected development of major capital investment projects continue to limit prospects for growth....
Persistent link: https://www.econbiz.de/10011245356
Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and economic crisis has also exposed areas of significant weaknesses, notwithstanding...
Persistent link: https://www.econbiz.de/10011245828
This paper uses the balance sheet approach to analyze macroeconomic vulnerabilities in Barbados between 2006 and 2009. It discusses the financial position of the economy and its main sectors and the sectors' exposure to changes in exchange rates. The main finding of the analysis is that the...
Persistent link: https://www.econbiz.de/10009650635
-Access Component of the Exogenous Shocks Facility. The global economic downturn has led to a significant decline in tourism, which …
Persistent link: https://www.econbiz.de/10011242564