Showing 1 - 10 of 95
This Selected Issues paper examines application of fiscal framework alternatives to the case of Peru. Although growth has been at historical highs over the last decade, Peru still has an important infrastructure gap and a quarter of its population still lives in poverty. This paper applies...
Persistent link: https://www.econbiz.de/10011244249
This paper presents the staff report for the combined Liberia’s 2008 Article IV Consultation and the first review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. The international community is supporting the Liberian government’s efforts to reform...
Persistent link: https://www.econbiz.de/10011244653
This Selected Issues paper analyzes scope for further de-dollarization policies in Armenia. High financial … dollarization makes Armenia more vulnerable to external shocks and limits its capacity to respond. The de-dollarization strategy is … broad and comprehensive, and has achieved a reduction of deposit dollarization during the past few years. Additional efforts …
Persistent link: https://www.econbiz.de/10011244733
The Salvadoran economy was severely affected by the global economic slowdown. Further strengthening the economy’s growth prospects and reducing poverty will depend on a durable fiscal consolidation effort and improvements in the investment climate through continued commitment to...
Persistent link: https://www.econbiz.de/10011245223
The two newly autonomous countries within the Kingdom of the Netherlands face substantial challenges. Growth has been low, and unemployment high. The current account deficit has widened to worrisome levels, increasing the vulnerability of the peg to the U.S. dollar and stimulating calls for...
Persistent link: https://www.econbiz.de/10011245227
This paper examines the inflation expectations, monetary policy credibility, and dollarization. Country fundamentals …
Persistent link: https://www.econbiz.de/10011245416
. The scope for an active monetary policy remains limited owing to high levels of dollarization and the lack of monetary …
Persistent link: https://www.econbiz.de/10011245434
The Timorese economy has improved owing to high oil-financed public spending and a rebound in agriculture, non-oil growth. Despite high bank deposit growth, private sector credit has remained stagnant. The medium-term outlook for growth is positive. Timor-Leste’s key challenge remains to...
Persistent link: https://www.econbiz.de/10011245550
This Selected Issues paper analyses the impact that rising energy import prices might have on growth and inflation in Ukraine. The paper examines how rising gas prices might elevate macrofiscal risks in Ukraine’s state enterprise sector. It assesses Ukraine’s equilibrium exchange...
Persistent link: https://www.econbiz.de/10011245611
financial dollarization and whether macro-prudential tools could deepen the de-dollarization process observed during the last …
Persistent link: https://www.econbiz.de/10011245806