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The Fund's existing facilities for low-income countries (LICs) provide a vehicle for the speedy provision of financial assistance to member countries hit by natural disasters, either through the Rapid Credit Facility (RCF) or through augmentation of the funding already being provided through...
Persistent link: https://www.econbiz.de/10014408661
This paper sets forth the proposed decisions and related legal instruments that are needed to implement the transformation of the the Post-Catastrophe Debt Relief Trust (the 'PCDR Trust') into the Catastrophe Containment and Relief Trust (the 'CCR Trust' or 'Trust'), as described in the Proposal...
Persistent link: https://www.econbiz.de/10014408961
for a more durable adjustment. Greece’s determination toward a comprehensive modernization of the health sector, beginning …
Persistent link: https://www.econbiz.de/10014402411
This 2005 Article IV Consultation highlights that economic growth in Greece has been strong for several years …
Persistent link: https://www.econbiz.de/10014403111
The recession is unfolding in line with expectations. Inflation is higher than expected from indirect tax hikes. The key challenges remain restoring fiscal sustainability, safeguarding financial sector stability, and boosting competitiveness—and hence growth and employment. Staff and...
Persistent link: https://www.econbiz.de/10014403550
Greece has made a strong start with the program, but challenges also remain evident. The economic response to the …
Persistent link: https://www.econbiz.de/10014403712
Greek real GDP has declined by 2 percent in 2009, and indicators suggest that activity will weaken further in 2010. With the deteriorating fiscal results came downgrades of government bonds by rating agencies, and investors started backing out of Greek bonds, driving up their yields. Impaired...
Persistent link: https://www.econbiz.de/10014404357
The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious … exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis …
Persistent link: https://www.econbiz.de/10014404445
This Selected Issues paper examines three areas of key policy importance for Greece in the coming years. The paper …
Persistent link: https://www.econbiz.de/10014404641
This 2006 Article IV Consultation highlights that economic growth of Greece has been strong for several years …
Persistent link: https://www.econbiz.de/10014404690