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Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an...
Persistent link: https://www.econbiz.de/10014408526
Persistent link: https://www.econbiz.de/10014408537
Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst … between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady … decline in public investment as a share of GDP in advanced economies, evidence of infrastructure bottlenecks in emerging …
Persistent link: https://www.econbiz.de/10014408539
After narrowing modestly in 2013, the global scale of current account imbalances, and of excess imbalances, held steady in 2014. Over the last several years, while the country composition of imbalances has rotated somewhat, overall there has been little progress on reducing excess imbalances....
Persistent link: https://www.econbiz.de/10014408543
Access to Fund financial resources provides a financial safety net to help countries manage adverse shocks, acting as a potential supplement to foreign reserves when there is a balance of payments need. Such support is especially important to developing countries with limited capacity to borrow...
Persistent link: https://www.econbiz.de/10014408545
As part of the Fund's ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed...
Persistent link: https://www.econbiz.de/10014408555
This review examines experience in implementing the lessons drawn in the 2011 Board paper on the Fund's engagement with countries in post-conflict and fragile situations (more commonly referred to as fragile states (FS)) and the ensuing 2012 Guidance Note. The focus is on capacity building, Fund...
Persistent link: https://www.econbiz.de/10014408562
Before the earthquakes of April 25 and May 12, Nepal's macroeconomic performance was relatively strong: Growth accelerated to 5.5 percent in 2013/14, thanks largely to a favorable monsoon; Inflation had been moderating, broadly in line with developments in India, but remained high at 7 percent...
Persistent link: https://www.econbiz.de/10014408567
-building support for countries seeking to scale up investment to tackle infrastructure gaps; 3. Sharpening the focus of operational …
Persistent link: https://www.econbiz.de/10014408570
PRGT-eligible members make considerable use of Fund concessional financing. Since 2010, 56 percent of Fund arrangements have involved a PRGT-facility. This paper examines a number of issues raised by Executive Directors and the International Monetary and Financial Committee (IMFC) since the...
Persistent link: https://www.econbiz.de/10014408576