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This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks,...
Persistent link: https://www.econbiz.de/10011245005
government level remains prudent with cautious execution of the government budget. …
Persistent link: https://www.econbiz.de/10011245705
Persistent link: https://www.econbiz.de/10000637896
For the net administrative budget, the FY 16-18 medium-term budget (MTB) proposal includes: In FY 16, an unchanged … budget envelope in real terms, for the fourth year in a row. To accommodate new and ongoing strategic priorities of the Fund … close to 5 percent of the net administrative budget were identified through this process. The bulk of these savings would be …
Persistent link: https://www.econbiz.de/10014408572
The net administrative budget for FY2017 has been set at USD 1,072.5 million. After four years of zero real growth, the … FY 2017 budget includes an increase of 1\2 percent in constant dollar terms to cover the institution's rising IT and …-personnel expenses. The budget envelope also entails reallocation measures of 1.5 percent of resources and institution-wide savings to …
Persistent link: https://www.econbiz.de/10014408621
implementing gender-responsive fiscal policies. These instruments include gender budget statements, gender impact assessments …, performance-related budget frameworks, and gender audits. Ministries of finance have an especially important role in promoting and …
Persistent link: https://www.econbiz.de/10014408683
maximize the use of available resources, spending in FY 17 is projected to reach 99 percent of the net administrative budget … approved budget-apart from USD 6 million provided in FY 17 to cover rising security costs. An unchanged real net administrative … budget in FY 18, despite deeper Fund engagement in a number of areas, as well as increased costs for corporate modernization …
Persistent link: https://www.econbiz.de/10014408688
This paper responds to the Board's call for greater consistency in fiscal reporting in line with GFSM 2001. In this context, the paper summarizes the framework, reviews the implementation process of the GFSM 2001 framework by member countries and Fund staff, and proposes pilot studies. It seeks...
Persistent link: https://www.econbiz.de/10014409959
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
This letter provides an assessment of recent macroeconomic developments in Benin and an update on the discussions of Fund staff with the Beninese authorities on macroeconomic policies and structural reforms that could form the basis for the authorities' request for a new arrangement under the...
Persistent link: https://www.econbiz.de/10014410155