Showing 1 - 10 of 41
This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the country’s economic development. Low domestic energy prices...
Persistent link: https://www.econbiz.de/10011244080
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Albania. The note analyzes the National Strategy for Development and Integration (NSDI) program, which represents a significant improvement in process over the previous PRSP. The note discusses that the...
Persistent link: https://www.econbiz.de/10011245812
This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It concludes by discussing the longer term outlook and sketching...
Persistent link: https://www.econbiz.de/10008839339
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10005768963
Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction …. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to … dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more …
Persistent link: https://www.econbiz.de/10005825906
The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance. Executive Directors commended the authorities for quickly restoring basic government functions and maintaining sound policies during the crisis. Directors welcomed the...
Persistent link: https://www.econbiz.de/10011242533
The fiscal impact of these policies will be significant, but donor support, improved revenue, and budget reallocations will contain domestic financing. The authorities have introduced several policies in response to the disasters. IMF staff supports the authorities’ request for a purchase...
Persistent link: https://www.econbiz.de/10011242621
This paper discusses a request from Samoa's authorities for a Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (ESF-RAC). The tsunami that hit Samoa on September 29, 2009 has undercut Samoa’s economic resilience and prospects for a quick recovery from the...
Persistent link: https://www.econbiz.de/10011243288
The Executive Board of the IMF has approved a disbursement of an amount equivalent to SDR 2.075 million under the Rapid Credit Facility for St. Vincent and the Grenadines to help the country manage the economic impact of Hurricane Tomas. The Board’s approval enables the immediate...
Persistent link: https://www.econbiz.de/10011243450
The Executive Board of the IMF on July 25, 2011, has approved a disbursement of an amount equivalent to SDR 1.245 million under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country meet the urgent balance-of-payments need caused by torrential rains, flooding,...
Persistent link: https://www.econbiz.de/10011243473