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The 2007 Article IV Consultation on the United Arab Emirates (UAE) examines the near- and medium-term outlook, inflation, and fiscal policy. The rapid expansion is supported by an outward-oriented development strategy and sustained high oil prices. Reforms are under way to strengthen the...
Persistent link: https://www.econbiz.de/10011244422
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244448
recent stress tests show the banking system’s resilience to market and credit risks. The coordination among data providers … and intention to seek technical assistance in consumer price index are noted. …
Persistent link: https://www.econbiz.de/10011245523
The completion of the Second Review Under the Poverty Reduction Growth Facility Arrangement was delayed to address important governance and transparency concerns. Macroeconomic performance was strong in the year 2005. Policy discussions focused on improving macroeconomic management against the...
Persistent link: https://www.econbiz.de/10011245731
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional …
Persistent link: https://www.econbiz.de/10011245905
Public debt in the Middle East increased during the mid-1990s mainly because of fiscal expansions. It decreased in recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While countries in the Middle East appear to have adequately...
Persistent link: https://www.econbiz.de/10005263658
The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The...
Persistent link: https://www.econbiz.de/10005263715
Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal...
Persistent link: https://www.econbiz.de/10005263842
This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of …
Persistent link: https://www.econbiz.de/10005264112