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This paper discusses Bangladesh’s Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Requests for Waiver of Performance Criteria. Bangladesh’s macroeconomic policies have been prudent. December 2003 quantitative targets and...
Persistent link: https://www.econbiz.de/10005768437
This Selected Issues paper presents background notes on El Salvador’s economic growth, national savings, and implications of the Central American Free-Trade Agreement with the United States (CAFTA). The paper describes possible factors behind sluggish growth in El Salvador in recent...
Persistent link: https://www.econbiz.de/10005768488
Poland's outstanding economic performance has come under strain. Executive Directors stressed the need to strengthen fiscal and monetary policies, and accelerate structural reforms. They considered that the new strategy will strengthen the medium-term economic performance, and place Poland in a...
Persistent link: https://www.econbiz.de/10005768498
The economic downturns and an ongoing industrial restructuring toward capital-intensive sectors, such as chemical and pharmaceuticals, have contributed to rising unemployment. With the economic recovery continuing to gain momentum, the near-term outlook has improved. With broad agreement on the...
Persistent link: https://www.econbiz.de/10005768513
Contents include: basic data and social demographic indicators, 1971-95. Liberalizing the economy structural reform issues: reform of the fiscal system; public enterprise reform and increased scope for private sector activity; price liberalization and reform of consumer subsidies; environmental...
Persistent link: https://www.econbiz.de/10005598963
This 2005 Article IV Consultation highlights that Australia has implemented wide-ranging structural reforms and strengthened the frameworks for monetary and fiscal policies over the past two decades. As a result, Australia’s economic expansion is now in its 14th year, with growth...
Persistent link: https://www.econbiz.de/10005599095
This paper explores how monetary policy affects other macroeconomic variables, mainly output and inflation. First, it provides an overview of the framework for implementing monetary policy and then discusses the transmission mechanism itself. In this study, the following statistical data are...
Persistent link: https://www.econbiz.de/10005599120
This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic...
Persistent link: https://www.econbiz.de/10005605085
This paper reviews trends in GDP and other macroeconomic variables since independence. It assesses the performance of the different sectors of the economy and expenditure categories. The paper identifies a number of products that could contribute to maintaining the high growth rate that...
Persistent link: https://www.econbiz.de/10005825240
This Selected Issues paper analyzes economic growth in Iran. It uses a growth-accounting exercise to quantify the historical sources of growth over 1960–2002, including human capital accumulation and the contribution of Total Factor Productivity to growth. The paper presents an empirical...
Persistent link: https://www.econbiz.de/10005825273