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With much healthcare publicly funded, Hong Kong's rapidly aging population will significant raise fiscal pressure over coming decades. We ask what the implications are of meeting these costs by public funding, or private funding voluntarily or through mandates. Our simulations suggest that...
Persistent link: https://www.econbiz.de/10005825995
will help to ensure rise in productivity, exports, and inflation pickup and reduce the foreign exchange risk. …
Persistent link: https://www.econbiz.de/10011244279
Timor-Leste has made substantial progress toward restoring stability and rebuilding the country after emerging from a long struggle for independence and internal conflicts between 1999 and 2006. The government has launched its Strategic Development Plan to step up development. A well-managed...
Persistent link: https://www.econbiz.de/10011244672
less of the stabilization burden on the fledgling inflation-targeting framework. GDP growth has remained strong …
Persistent link: https://www.econbiz.de/10011244810
expenditure to reduce inflation pressures, strengthening the monetary policy framework, and advancing financial sector reforms …
Persistent link: https://www.econbiz.de/10011245138
the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …
Persistent link: https://www.econbiz.de/10005248177
In 2003, Guinea's macroeconomic management deteriorated significantly, and the prospects for 2003 are uncertain at best. Performance under the 2002–03 poverty reduction and growth facility (PRGF)-supported program is weak. The main challenge is to promote and sustain the strong private...
Persistent link: https://www.econbiz.de/10005252823
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
3 percent. Recent indicators suggest that activity has continued to strengthen in 2004. During 2003, inflation … inflation. IMF staff projects that the economic recovery will gain momentum with GNP growth of 4½ percent in 2004, accelerating … slightly to 5 percent in 2005. Core inflation is forecast to stay close to 2 percent. …
Persistent link: https://www.econbiz.de/10005825386
Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household...
Persistent link: https://www.econbiz.de/10005591395