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Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as...
Persistent link: https://www.econbiz.de/10014408600
The Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) are valuable components of the disaster risk … access limits of 60 percent of quota under the RCF and RFI for countries experiencing severe natural disaster-related damages …. The focus of this paper is to specify the threshold of damage from a natural disaster that would allow members …
Persistent link: https://www.econbiz.de/10014408736
This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, given staff's assessment that sufficient financial resources are available.2 In this...
Persistent link: https://www.econbiz.de/10014408890
Persistent link: https://www.econbiz.de/10014410604
In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...
Persistent link: https://www.econbiz.de/10014399812
The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...
Persistent link: https://www.econbiz.de/10014396379
This paper presents Haiti’s Sixth Review under the Extended Credit Facility and request for Waiver of Performance Criterion, and Augmentation of Access. Manufacturing activity would be hit the most, as the largest enterprises, including the important export textile sector, have been...
Persistent link: https://www.econbiz.de/10011244864
Falling international prices have helped lower Haiti’s inflation, but base money growth has continued to be higher than targeted in the program. The paper discusses Haiti’s Annual Progress Report on Implementation of the Poverty Reduction Strategy Paper. In the area of economic...
Persistent link: https://www.econbiz.de/10011245200
Sri Lanka’s 2005 Article IV Consultation reports that the fiscal deficit exceeded budget targets, and with a significant amount of government financing provided by the central bank, the growth in monetary aggregates increased, contributing to higher inflation. The near-term economic...
Persistent link: https://www.econbiz.de/10005591186
This paper reviews the Maldives’s Use of IMF Resources and Request for Emergency Assistance. The authorities have requested a purchase of an amount equivalent to SDR 4.1 million (50 percent of quota) under the IMF’s policy on emergency assistance related to natural disasters. The...
Persistent link: https://www.econbiz.de/10005591376