Showing 1 - 10 of 50
There has been a growing recognition of the importance of transparency for economic growth and social development in oil producing countries. This paper analyzes transparency issues in Cameroon's oil sector. It shows that, while substantial efforts have already been undertaken, continued action...
Persistent link: https://www.econbiz.de/10011242444
The paper reviews the background and the existing institutional framework for oil sector development in São Tomé and Príncipe and the challenges faced in implementing transparency rules in all oil-related transactions. It provides a quantitative analysis of the impact of oil sector...
Persistent link: https://www.econbiz.de/10011242845
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the … core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …-specific factors matter in some cases, demand patterns in these countries are largely driven by common determinants. Third …
Persistent link: https://www.econbiz.de/10010959463
dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …
Persistent link: https://www.econbiz.de/10010959477
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above …
Persistent link: https://www.econbiz.de/10011244217
The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the medium term. Technocratic, rules-based, and transparent policy management; monetary policy under a floating exchange rate undertaken by a credible central bank; and prudent fiscal...
Persistent link: https://www.econbiz.de/10011244359
KEY ISSUES Abenomics is gaining traction, but progress across the three arrows has been uneven and medium-term risks remain substantial. Inflation has risen, a consumption tax increase has been implemented, and there are signs of a transition to private-led growth. However, structural reforms...
Persistent link: https://www.econbiz.de/10011244783
This 2013 Article IV Consultation highlights that Norwegian economy has been performing well, with mainland GDP growing steadily. However, the continuing buildup of assets in the sovereign wealth fund and the increasing share of the mainland economy that is supplying goods and services to the...
Persistent link: https://www.econbiz.de/10011245796