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and services market reforms will boost potential output and consumer welfare. Fiscal policy should be vigilant to the risk …
Persistent link: https://www.econbiz.de/10011244757
repair damaged infrastructure and facilitate a swift recovery. Financial policies should protect against the risk of an …
Persistent link: https://www.econbiz.de/10011244887
This 2007 Article IV Consultation highlights that Japan’s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japan’s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting...
Persistent link: https://www.econbiz.de/10011244973
India’s strong growth and macroeconomic stability is owed to its sound macroeconomic policies and past structural reforms. Swelling capital inflows have highlighted the key policy challenges: managing financial globalization and tackling the supply constraints to growth. Monetary...
Persistent link: https://www.econbiz.de/10011244987
been addressed effectively and risk-weighted capital ratios are above required minima, building up equity to levels deemed …
Persistent link: https://www.econbiz.de/10011245236
This paper focuses on Lebanon’s performance under the program supported by emergency post-conflict assistance. The end-March quantitative target on international reserves was met with a wide margin. While the primary balance target was also met, the program ceiling on net government...
Persistent link: https://www.econbiz.de/10011245473
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously....
Persistent link: https://www.econbiz.de/10011245839
This Selected Issues paper on Kuwait reviews its economic development strategy and uses a variety of analytical methods to highlight Kuwait’s policy challenges and their effectiveness. Kuwait has accumulated large fiscal surpluses, enabling it to build up a sizable asset position for...
Persistent link: https://www.econbiz.de/10005252702
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10011242796
The Slovak economy showed recovery from sharp recession. Executive Directors suggested that restoring fiscal sustainability and removing unemployment while maintaining external competitiveness within the monetary union should be given priority. The fiscal consolidation strategy could be...
Persistent link: https://www.econbiz.de/10011244121