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"This volume provides the most comprehensive estimates of worldwide energy subsidies currently available, drawing on data from 176 countries in the areas of petroleum products, natural gas, coal, and electricity. It lays out an analysis of "how to do" energy subsidy reform, drawing on insights...
Persistent link: https://www.econbiz.de/10010244221
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging...
Persistent link: https://www.econbiz.de/10014410519
This supplement presents country case studies reviewing energy subsidy reform experiences, which are the basis for the reform lessons identified in the main paper. The selection of countries for the case studies reflects the availability of data and of previously documented evidence on...
Persistent link: https://www.econbiz.de/10014410521
, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report …
Persistent link: https://www.econbiz.de/10014408604
Greece, Ireland, and Portugal as part of the Management and staff follow-up to an IEO evaluation. The implementation plan …
Persistent link: https://www.econbiz.de/10014408692
Ireland’s major property bubble burst at the same time as the global financial crisis erupted, plunging the country … access to market financing at manageable interest rates, and Ireland entered into a three-year program supported by €67 ….5 billion of financial assistance from the European Union (EU) and IMF in late 2010. Ireland’s program therefore had three main …
Persistent link: https://www.econbiz.de/10014412438
Irish policymakers have gained significant credibility, through assertive steps, to deal with the most potent sources of vulnerability. A continuation of vigorous policy efforts is required with an emphasis on risk management. Much progress has been made on the financial stability agenda, but a...
Persistent link: https://www.econbiz.de/10014403718
This 1999 Article IV Consultation highlights that the Danish economy continued to perform well in 1997–98. Real GDP growth of about 3 percent remained above potential and unemployment fell to 6 percent, less than half its level only five years earlier. Consumer price inflation remained subdued...
Persistent link: https://www.econbiz.de/10014396527
The staff report for Ireland’s fifth review under the Extended Arrangement states that financial sector reforms …
Persistent link: https://www.econbiz.de/10014396997
Ireland’s growth and debt sustainability would greatly reinforce prospects for Ireland to regain market access at an early … stage given more adverse circumstances. Reports suggest that investors are differentiating Ireland based on its policy …
Persistent link: https://www.econbiz.de/10014397151