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-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment … management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent …
Persistent link: https://www.econbiz.de/10014408539
This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement and expedite the adoption of indirect instruments of monetary policy. Appropriate sequencing reflects both operational considerations and macroeconomic effects of structural...
Persistent link: https://www.econbiz.de/10014395923
This report provides an update of the assessment of Lao P.D.R.'s macroeconomic conditions and outlook presented at the time of the 2004 Article IV Consultation and in the Assessment Letter of March 10, 2005
Persistent link: https://www.econbiz.de/10014409753
Persistent link: https://www.econbiz.de/10014410036
This paper proposes an approach to making the MTS operational as it relates to the Fund's work in LICs that would define more precisely the Fund's responsibility and accountability in the PRSP and donor collaboration processes. The proposed activities are not 'new,' but represent an...
Persistent link: https://www.econbiz.de/10014410123
The global crisis has underscored the need for effective global financial safety nets to protect countries with sound policy frameworks from adverse outcomes. Complementing the traditional crisis resolution role of the IMF, which has been instrumental during the recent crisis and is expected to...
Persistent link: https://www.econbiz.de/10014410152
The global crisis has hit the Maldivian economy hard; combined with an unsustainable fiscal expansion, it has led to a large fiscal deficit and severe balance of payments pressures. The authorities are committed to a strong policy adjustment program, and have requested IMF financial support for...
Persistent link: https://www.econbiz.de/10014410174
country with multilateral or bilateral donors or creditors, in particular the World Bank and other International Financial …
Persistent link: https://www.econbiz.de/10014410262
The new three-year ECF arrangement was approved by the Board on March 16, 2012. The economic outlook for 2012 and 2013 is broadly positive, thanks to the coming onstream of oil production and continuing investment in the natural resource sector. Downside risks to the outlook include the fragile...
Persistent link: https://www.econbiz.de/10014410592
In this study, economic developments and achievements, the role of the IMF, strong economic recovery, the formulation and implementation of the government’s budgetary policy, and the progress made in rebuilding fiscal institutions are first discussed in detail. An overview of the challenges...
Persistent link: https://www.econbiz.de/10014406179