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This Selected Issues paper describes the three phases of IMF engagement in the Democratic Republic of Congo (DRC) with a view to drawing lessons that could prove useful in identifying objectives and policies for a medium-term program that could be supported through a successor Poverty Reduction...
Persistent link: https://www.econbiz.de/10011242882
This study considers the role of export diversification in determining trade outcomes during the global financial … trade model is adapted with trade diversification as an additional trade cost, and the model solution is empirically tested … significantly affect the resilience of Latin American countries’ trade during the global financial crisis - increasing the …
Persistent link: https://www.econbiz.de/10009019592
Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil. The 2009 Article IV Consultation highlights that real GDP of Panama in 2008 grew by 9.2 percent. Panama’s large banking system has weathered the global financial...
Persistent link: https://www.econbiz.de/10011244189
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...
Persistent link: https://www.econbiz.de/10011244299
This technical note discusses the lessons learned from the financial crisis in Russia in 2008. The note summarizes key findings and recommendations, and analyzes the institutional framework and coordination arrangements for systemic risk monitoring and crisis management. It also covers crisis...
Persistent link: https://www.econbiz.de/10011244415
The economic recovery in the U.A.E. is gaining strength, but subject to increased regional uncertainty. The government should undertake cost-benefit analysis and implement projects that have high economic return. In order to reduce government-related entities (GRE) risks, the authorities should...
Persistent link: https://www.econbiz.de/10011244455
currency borrowing aggravated balance sheet vulnerabilities, and booming domestic demand led to surging trade deficits …
Persistent link: https://www.econbiz.de/10011244509
abated. The trade balance deteriorated significantly in 2005, owing in large part to the impact of higher energy prices. …
Persistent link: https://www.econbiz.de/10011244550
The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armenia’s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening...
Persistent link: https://www.econbiz.de/10011244639
The capacity of the Saudi Arabian banking sector to respond to macroeconomic shocks has been considerably strengthened over the past decade. The Saudi Arabian Monetary Agency (SAMA ) has been actively monitoring some emerging portfolio trends. Comprehensive reforms are under way to deepen...
Persistent link: https://www.econbiz.de/10011244679