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This paper assesses the First Review Under the Staff-Monitored Program (SMP) for Afghanistan. The authorities have met all of the indicative quantitative targets set out under the SMP and all the structural benchmarks, except the benchmark on licensing of commercial banks, which was only partly...
Persistent link: https://www.econbiz.de/10005825122
monetary policy and exchange rate decisions more closely with its inflation. Maintaining central bank independence and …
Persistent link: https://www.econbiz.de/10011242578
. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …
Persistent link: https://www.econbiz.de/10011242869
importance of reinforcing debt management. Monetary policy should remain tight until inflation falls. …
Persistent link: https://www.econbiz.de/10011243393
stance given the upside risks to inflation. …
Persistent link: https://www.econbiz.de/10011243576
inflation remains high (21 percent at end-2011/12), real GDP growth, which is estimated at around 7 percent in 2011/12 and is …
Persistent link: https://www.econbiz.de/10011243875
aftermath of the global crisis with low inflation; but for further stable growth, certain policy frameworks and reforms need to … be reinforced. The fiscal stance should be made tighter to mitigate risks of inflation and external imbalances. Interest …
Persistent link: https://www.econbiz.de/10011243920
general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …
Persistent link: https://www.econbiz.de/10014395994
This 2011 Article IV Consultation highlights that the difficult global economic conditions continue to hit Barbados with growth at anemic levels. The current account deficit has widened in recent times owing to higher oil and food prices. Executive Directors commended the authorities for...
Persistent link: https://www.econbiz.de/10011245426
emphasized the need to implement policies that increase productivity, create an efficient business environment and a flexible …
Persistent link: https://www.econbiz.de/10011245625