Showing 1 - 10 of 21
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that...
Persistent link: https://www.econbiz.de/10014409798
Sound fiscal policies are critical for handling aid volatility as well as for making effective use of scaled-up aid and other flows. By easing resource constraints, these flows allow low-income countries (LICs) to increase spending aimed at enhancing growth and reducing poverty. Effective...
Persistent link: https://www.econbiz.de/10014409856
This paper discusses Portugal’s Eighth and Ninth Reviews Under the Extended Arrangement and Request for Waivers of Applicability of end-September Performance Criteria (PC). Program implementation has remained broadly on track, in spite of a political crisis and significant legal...
Persistent link: https://www.econbiz.de/10011243135
This staff report on the Republic of Serbia’s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbia’s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below...
Persistent link: https://www.econbiz.de/10011245570
This 2014 Article IV Consultation highlights that the Serbian economy is facing serious challenges. GDP contracted by an estimated 2 percent in 2014 on account of continued falling domestic demand aggravated by floods, and weak economic activity in trading partners. This, together with the low...
Persistent link: https://www.econbiz.de/10011243048
This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession … macroeconomic benefits of fiscal adjustment. It also reviews the experience of earlier EU accession countries prior to and after …
Persistent link: https://www.econbiz.de/10014398821
invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics …' remarkable economic success to date and of the fiscal challenges that the Baltics face in joining the EU and NATO. The authors … on theory and empirical evidence. They examine the experience of countries that acceded to the EU earlier-Greece, Ireland …
Persistent link: https://www.econbiz.de/10014401107
the integrated National Reform Programs under the reformed Lisbon process and labor market reforms. Directors welcomed the …
Persistent link: https://www.econbiz.de/10014404458
The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a large...
Persistent link: https://www.econbiz.de/10014406476
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861