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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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Albania; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, and Financing Assurances Review: Staff R...
International Monetary Fund (IMF); International … - 2007
a balance between reducing public debt and increasing priority expenditure. Progress in structural reform has been …
Persistent link: https://www.econbiz.de/10011244514
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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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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
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Republic of Serbia; Second Review Under the Stand-By Arrangement and Requests for Waiver of End-September Performance Criterion, Modification of End-December Performance Criteria,...
International Monetary Fund (IMF); International … - 2010
Serbia’s Second Review under the Stand-By Arrangement and requests for Waiver of Performance Criterion are examined. The contraction in GDP has been limited relative to regional comparators, but absorption and external trade have fallen faster than expected. Foreign parent banks have rolled...
Persistent link: https://www.econbiz.de/10011242619
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Greece; Fifth Review Under the Stand-By Arrangement, Rephasing and Request for Waivers of Nonobservance of Performance Criteria; Press Release on the Executive Board Discussion; an...
International Monetary Fund (IMF); International … - 2011
The Executive Board of the IMF has completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for the country. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion,...
Persistent link: https://www.econbiz.de/10011242696
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Greece; First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Waiver of Applicability, Modification of Performance Criteria, and Rep...
International Monetary Fund (IMF); International … - 2013
Greece’s deep recession has continued unabated, with the economy struggling to gain traction against domestic political instability and weak external conditions. Stronger internal devaluation is now under way, reflecting the interaction of labor market liberalization with the already weak...
Persistent link: https://www.econbiz.de/10011242799