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This 2013 Article IV Consultation highlights that in a context of weakening economic conditions in Europe and sizeable fiscal consolidation and domestic policy uncertainty, the French economy flat lined in 2012. However, recent improvements in economic indicators support the expectation of a...
Persistent link: https://www.econbiz.de/10011242471
opportunities. Recurrent internal conflicts have negatively affected economic growth, poverty reduction, and social advancement in …
Persistent link: https://www.econbiz.de/10011242786
risks. The overarching policy objective should be to foster inclusive growth. Banks are not intermediating, and resources …
Persistent link: https://www.econbiz.de/10011243172
would exacerbate the situation, creating the risk of lower growth in the long run. Short-term macroeconomic policies should … therefore be geared toward supporting the economy and not creating additional drag. Boosting potential growth in the medium to …
Persistent link: https://www.econbiz.de/10011243192
This staff report on the Republic of Kosovo’s Fourth Review under the Stand-By Arrangement discusses macroeconomic and financial policies. Banking-sector soundness indicators have remained largely unchanged. The revenue shortfall owed to a mix of lower than programmed customs receipts,...
Persistent link: https://www.econbiz.de/10011243199
Program implementation has been satisfactory, and all assessment criteria were met. The fiscal deficit was reduced to 5.9 percent of GDP despite a significant revenue shortfall. Delays were incurred in the implementation of reforms in the energy sector. The authorities intend to accelerate...
Persistent link: https://www.econbiz.de/10011243807
This paper discusses Bosnia and Herzegovina’s Third Review Under the Stand-By Arrangement and Request for Waiver of Applicability of a Performance Criterion. Financial sector indicators through end-March 2013 suggest that the banking system remains profitable and adequately capitalized at...
Persistent link: https://www.econbiz.de/10011244352
The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government’s determination to focus on overdue spending...
Persistent link: https://www.econbiz.de/10011244360
This paper discusses Ireland’s Fiscal Transparency Assessment. The Irish government has ambitious plans to improve further the timeliness, quality, and comprehensiveness of its budgets, statistics, and accounts. Ireland has the capacity and information to bring its fiscal transparency...
Persistent link: https://www.econbiz.de/10011244522
This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated … sharply in early 2013. First quarter GDP growth rose to 4.1 percent (seasonally adjusted annual rate) after two quarters of … yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near …
Persistent link: https://www.econbiz.de/10011244552