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This Selected Issues paper on Algeria reports that the authorities have relied on an expansionary fiscal stance to stimulate growth and employment, but structural reforms have virtually stalled. Although the economy has recorded increasing growth, the nonhydrocarbon sector remains small and...
Persistent link: https://www.econbiz.de/10005591638
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas suppliers. Taking into account total gas...
Persistent link: https://www.econbiz.de/10009151207
This paper assesses recent developments in gas markets and the implications for Algerian gas demand and prices. Algeria’s gas production is stable but its share in global gas production has been on a downward trend since the early 2000s. The impact of a change in the spot oil price (WTI)...
Persistent link: https://www.econbiz.de/10011242810
Qatar has weathered the global economic crisis well. Enhancement of liquefied natural gas capacity (LNG), government support to the banking system, and increase in public spending sustain the high growth rates. There is a need to monitor aggregate demand to prevent the resurgence of inflation...
Persistent link: https://www.econbiz.de/10011245523
This 2014 Article IV Consultation highlights that the Russian Federation’s growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth slowed to 1.3 percent owing to a contraction in investment while consumption...
Persistent link: https://www.econbiz.de/10011245094
This report provides a summary of the antimoney laundering (AML) and combating the financing of terrorism (AML/CFT) measures in place in Cape Verde. It sets out Cape Verde’s levels of compliance with the Financial Action Task Force (FATF) 40 recommendations. The assessment reveals that...
Persistent link: https://www.econbiz.de/10011245578
Am 3. Januar 1992 stellte der Präsident der russischen Föderation den offiziellen Antrag auf Aufnahme in den IMF und die Weltbankgruppe. Bereits seit November 1991 besuchten IMF-Experten Moskau, um mit den russischen Behörden die Wirtschaftspolitik zu besprechen, eine fundierte...
Persistent link: https://www.econbiz.de/10000323678
structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation …-looking, thereby reducing persistence. The exchange rate is the Central Bank of Russia’s (CBR) main policy instrument for controlling …
Persistent link: https://www.econbiz.de/10014405536
, economic developments, and macroeconomic policies. Russia’s economic growth remains robust. High oil prices and sound fiscal … policy underlie Russia’s long spell of robust growth. Executive Directors noted that Russia continues to face tensions in the …
Persistent link: https://www.econbiz.de/10014405537
. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the …
Persistent link: https://www.econbiz.de/10014405628