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Barbados has a stable political system, and there is long-standing public consensus on key economic policies, including a fixed exchange rate with the U.S. dollar supported by prudent fiscal and wage policies. Owing to job creation mainly in the private sector, particularly construction, the...
Persistent link: https://www.econbiz.de/10014401962
This report builds on the work in the 2013 Board paper on Fund Engagement with Small States, the 2013 background papers on Asian and Pacific small states and Caribbean small states, and the 2014 staff guidance note. It provides a deeper analysis and policy recommendations in respect of three...
Persistent link: https://www.econbiz.de/10014408527
An assessment of vulnerabilities and risks in LICs remains important both for LICs themselves and for the international community. There are currently 74 LICs, eligible for concessional financing from the Fund. This group of countries has a total population of about 1.3 billion, with an average...
Persistent link: https://www.econbiz.de/10014410548
This paper reviews recent developments in private market financing for developing countries. Bank creditors themselves … have been more amenable to restructuring in an environment where secondary market discounts on bank claims were falling … significantly below the level of bank provisioning. This has allowed banks to realize substantial book profits by participating in …
Persistent link: https://www.econbiz.de/10014397187
This paper focuses mainly on official bilateral and multilateral financing for countries that have rescheduled their debts to official bilateral creditors. In contrast to the approaches taken by private lenders, official creditors have continued to provide new financing on a large scale to...
Persistent link: https://www.econbiz.de/10014397643
This paper reviews major issues and developments in the trade area and outlines the challenges governments face as they seek to liberalize trade in the Uruguay Round of trade negotiations and address new trade issues. In industrial countries, the reorientation of policies was most apparent in...
Persistent link: https://www.econbiz.de/10014397644
Persistent link: https://www.econbiz.de/10014397803
Singapore’s economic growth has been heavily dependent on factor accumulation during the past three decades. Attempts to gauge productivity growth in Singapore and other East Asian countries has led to the widely publicized debate on whether the East Asian “miracle” was driven by factor...
Persistent link: https://www.econbiz.de/10014402096
This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral...
Persistent link: https://www.econbiz.de/10014402693
This Selected Issues paper assesses the stability of Singapore’s banking system in a regional context. It proposes a novel methodology for gauging domestic financial stability. The paper assesses the impact of fiscal measures on macroeconomic activity, and analyzes the effects of monetary...
Persistent link: https://www.econbiz.de/10014402949