The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...

This note provides the IMF staff assessment of recent macroeconomic developments in Togo and progress under the Fund-supported three-year Poverty Reduction and Growth Facility program (PRGF) starting from January 2008 based on preliminary information through end-December 2008

Bhutan's growth was resilient to the financial crisis and the outlook remains positive. Containing fiscal expansion and enhancing liquidity management are necessary to avoid economic overheating. Strengthening bank supervision is also a top priority

Technical Assistance (TA) is one of the IMF's core activities whose purpose is to help member countries improve the design and implementation of their macroeconomic policies. To ensure that the Fund's TA meets the needs of the membership, and is efficient and effective, the Executive Board...

New and revised international standards for safe and efficient Financial Market Infrastructures (FMIs) were published in April 2012. The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) reviewed the existing sets of standards...

Bhutan's growth has remained robust, but the current account deficit has widened. -- Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5...

The financial structure and operations of the IMF are described in this pamphlet, as well as the sources of IMF financing, the policies associated with the use of IMF resources, and the role of the IMF as trustee to various accounts that are administered by it

This pamphlet describes the financial structure and operations of the IMF, as well as the sources of IMF financing, the policies associated with the use of IMF resources, the role of the IMF as trustee to various accounts that are administered by it, and the safeguards established for protecting...