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system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
weaknesses in fiscal management could, in the longer term, threaten macroeconomic stability and debt sustainability. Moreover …
Persistent link: https://www.econbiz.de/10005825267
Greece adopted an ambitious program to eliminate fiscal and current account imbalances, regain competitiveness … lending policies, avoiding undue delays in debt restructuring, attention to the political economy of adjustment, and parsimony …
Persistent link: https://www.econbiz.de/10011244721
Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy provided timely support, and the exchange rate functioned as a shock absorber. However, policy buffers are now exhausted and must be rebuilt. Fiscal tightening has to be quickly...
Persistent link: https://www.econbiz.de/10011244179
This paper discusses key findings of the 2005 Status Report on Poverty Reduction Strategy Paper (PRSP) on Niger. The report is based on an assessment of economic and financial performance and sectoral policy and strategy implementation in 2005. The findings reveal that implementation of the...
Persistent link: https://www.econbiz.de/10011244221
The economy of Honduras contracted as a result of the global economic crisis. In the economic policy area, the authorities gave priority to strengthening the financial position of the public sector and restarting the external assistance. Measures are taken to strengthen the fiscal position, in...
Persistent link: https://www.econbiz.de/10011244248
point under the Enhanced HIPC Initiative and provides an updated debt relief analysis. In the opinion of the IDA and IMF …
Persistent link: https://www.econbiz.de/10011244390
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 … euro area. Finally, Greece has specified the policies necessary to overcome recent inertia and deliver program objectives …
Persistent link: https://www.econbiz.de/10011244444
program was developed as a response to the looming fiscal crisis, which resulted in large fiscal deficits and debts similar to … the global crisis. The program is approved to support fiscal adjustment, debt restructuring, reduction of arrears, and …
Persistent link: https://www.econbiz.de/10011244450
This 2007 Article IV Consultation highlights that Iraq’s economic growth has been slower than expected at the time of the last Article IV Consultation, mainly because the expected expansion of oil production has not materialized. Following a decline in oil production and real GDP in 2005,...
Persistent link: https://www.econbiz.de/10011244453