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The global crisis has hit the Maldivian economy hard; combined with an unsustainable fiscal expansion, it has led to a large fiscal deficit and severe balance of payments pressures. The authorities are committed to a strong policy adjustment program, and have requested IMF financial support for...
Persistent link: https://www.econbiz.de/10014410174
Mauritius has a long and sustained track record of implementing strong policies, and the authorities have responded appropriately to the global financial crisis by easing macroeconomic policies. While the crisis response has halted the decline in public debt, the public finances are...
Persistent link: https://www.econbiz.de/10014410178
This report provides an update of the assessment of Lao P.D.R.'s macroeconomic conditions and outlook presented at the time of the 2004 Article IV Consultation and in the Assessment Letter of March 10, 2005
Persistent link: https://www.econbiz.de/10014409753
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country with multilateral or bilateral donors or creditors, in particular the World Bank and other International Financial …
Persistent link: https://www.econbiz.de/10014410262
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living …. The small states also face more limited policy tools. Five out of 13 countries do not have a central bank and the scope …-cyclical. Within the Asia-Pacific small states group, the micro states are subject to more vulnerability and macroeconomic volatility …
Persistent link: https://www.econbiz.de/10014410680
Macroeconomic performance of Seychelles under the Stand-by Arrangement (SBA) has been favorable and the reforms continue to be pursued with a high degree of ownership and broad public support. The liberalization of the exchange regime, a strong fiscal adjustment, and prudent monetary policies...
Persistent link: https://www.econbiz.de/10014409981
The new three-year ECF arrangement was approved by the Board on March 16, 2012. The economic outlook for 2012 and 2013 is broadly positive, thanks to the coming onstream of oil production and continuing investment in the natural resource sector. Downside risks to the outlook include the fragile...
Persistent link: https://www.econbiz.de/10014410592
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country with multilateral or bilateral donors or creditors, in particular the World Bank and other International Financial …
Persistent link: https://www.econbiz.de/10014410032