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This paper reviews the annual progress report on Poverty Reduction Strategy Paper (PRSP) for Republic of Congo. The adoption of the PRSP in March 2008 was followed by adoption of the Operational Action Plan for implementation of the PRSP. The poverty reduction strategy is being implemented in an...
Persistent link: https://www.econbiz.de/10014406627
Mexico’s two main economic policy challenges are to fully entrench stability and to remove remaining obstacles to … economic growth, necessary to end poverty. The floating exchange rate policy continues to serve Mexico well. An essential part … of Mexico’s stability is the resilience of the financial system. The oil sector poses a policy dilemma, exacerbated by …
Persistent link: https://www.econbiz.de/10014405364
This 2005 Article IV Consultation highlights that the economic recovery in Mexico that began in mid-2003 has continued …
Persistent link: https://www.econbiz.de/10014405428
Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy’s vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial...
Persistent link: https://www.econbiz.de/10014395804
While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could …
Persistent link: https://www.econbiz.de/10014396273
This paper aims to inform policymakers, and other interested parties, about the IMF's approach to fiscal adjustment. The approach focuses on the role of sound and sustainable government finances in promoting macroeconomic stability and growth. Achieving, and maintaining, such a fiscal position...
Persistent link: https://www.econbiz.de/10014410113
Mozambique is an economic success story in Sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of...
Persistent link: https://www.econbiz.de/10012673980
The art of financial programming is a central element in the design of IMF-supported macroeconomic adjustment programs. This volume, edited by Richard Barth and William Hemphill, includes contributions from staff members of the IMF institute and introduces the reader to the concepts and tools of...
Persistent link: https://www.econbiz.de/10014412190
This paper discusses the main features of Spain's recent adjustment effort and assesses its impact on the overall economic situation. It provides a brief historical background on Spain's economic development from 1960 to the early 1980s. The chapter also discusses the authorities' stance on...
Persistent link: https://www.econbiz.de/10014399316
The global policy agenda that follows recalibrates priorities to meet the new reality we are facing. The IMF also continues to adjust to respond to the rapidly evolving needs of our membership. Our flexibility has been evident over the past two years of the COVID crisis: unprecedented emergency...
Persistent link: https://www.econbiz.de/10015060477