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Finland; 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finla...
International Monetary Fund (IMF); International … - 2010
Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in the euro area. Executive Directors encouraged authorities to focus on improving bank cost efficiency, preventing excessive risk taking, and limiting liquidity and funding risks....
Persistent link: https://www.econbiz.de/10011245222
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Greece; Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria
International Monetary Fund (IMF); International … - 2011
This study is carried out against a backdrop of deep divisions in Greece and in Europe over how to handle the challenges now confronting Greece. Greece’s deeper medium-term policy needs and identifying ways to replace the expected market financing are discussed. Structural reforms tackled...
Persistent link: https://www.econbiz.de/10011244444
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Greece; Third Review Under the Stand-By Arrangement—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; Statement by the Staff Representative on G...
International Monetary Fund (IMF); International … - 2011
In this study, Greece’s economic program has progress toward its sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances. The fiscal and broader reforms are to achieve the program’s medium-term objectives....
Persistent link: https://www.econbiz.de/10011244494
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Kingdom of Swaziland; Staff Monitored Program-Staff Report; Staff Supplement
International Monetary Fund (IMF); International … - 2011
The Swaziland economy continues to suffer from the global economic crisis and an overvalued real exchange rate. The fiscal crisis is starting to affect external stability. Notwithstanding the fiscal crisis, banks continue to remain well capitalized and profitable. The 2011–12 budget...
Persistent link: https://www.econbiz.de/10011244878
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Republic of Serbia; Request for Stand-by Arrangement: Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for the Republic of Serbia.
International Monetary Fund (IMF); International … - 2011
Serbia’s transition to a more sustainable growth model remains incomplete and fragile. A precautionary Stand-By Arrangement (SBA) has been requested to insure against external risks and to provide a policy anchor. The program represents a prudent step in the present uncertain global and...
Persistent link: https://www.econbiz.de/10011245396
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Fiscal Adjustment in Eu Countries; A Balance Sheet Approach
Moriyama, Kenji; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2004
Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to...
Persistent link: https://www.econbiz.de/10005253008
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Pension Reform and the Fiscal Policy Stance
Gerson, Philip R.; Mackenzie, G. A.; Heller, Peter S.; … - International Monetary Fund (IMF) - 2001
The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the … sum of explicit and implicit public debt and on the post-reform payroll tax and private system contribution rates. However …
Persistent link: https://www.econbiz.de/10005263836
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Georgia; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Conversion of an Indica...
International Monetary Fund (IMF); International … - 2005
reform agenda focuses on consolidating the fiscal gains, removing key obstacles to growth, and enhancing social protection …
Persistent link: https://www.econbiz.de/10005768417
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Fundamental Determinants of the Effects of Fiscal Policy
Kumar, Manmohan S.; Botman, Dennis P. J. - International Monetary Fund (IMF) - 2006
We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform … and small economy, are examined: the effects of changes in government debt; higher government spending; tax reform; and … privatization of retirement savings. …
Persistent link: https://www.econbiz.de/10005769145
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Sri Lanka; Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri La...
International Monetary Fund (IMF); International … - 2010
investors. Fiscal policy adjustment is needed. Tax reform will put in place legislative changes to permanently reform tax … concessions. Financial sector reform has continued in line with the program. …
Persistent link: https://www.econbiz.de/10011242555