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St. Lucia showed strong growth performance owing to its strong investment in tourism infrastructure. Executive Directors commended the prudent public debt management and sound banking system. They underscored the need for fiscal consolidation and steps to promote domestic investment and labor...
Persistent link: https://www.econbiz.de/10011244245
Over the last two decades, Tunisia has carried out a wide ranging reform program based on improving the competitiveness of the economy, enhancing the business environment, and increasing trade openness. Tunisia weathered the international crisis relatively well. Tunisia growth could reach 3.8...
Persistent link: https://www.econbiz.de/10011244258
Madagascar is one of the poorest countries in sub-Saharan Africa, ranking 146 out of 177 on the United Nations Human Development Index. The country has one of the lowest tax revenue-to-GDP ratios in the world (10.1 percent in 2005). To address these challenges, the authorities are requesting a...
Persistent link: https://www.econbiz.de/10011244332
IMF engagement with Niger since 2005 has remained constructive. IMF-supported programs have contributed to the authorities’ goals of macroeconomic stability, growth, and human development progress. Development of Niger’s uranium and petroleum resources provides an important...
Persistent link: https://www.econbiz.de/10011244384
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
This paper discusses key findings of the Sixth Review under Poverty Reduction and Growth Facility (PRGF) for Benin. The macroeconomic outlook is weaker for 2009–10, reflecting the impact of the crisis. Real GDP growth is expected to slow down to about 3–4 percent in 2009–10....
Persistent link: https://www.econbiz.de/10011244472
Fiscal policy in Haiti should be oriented toward more developmental objectives. Steps have been taken in sustaining inclusiveness; however, the current taxation and expenditure frameworks do not completely fulfill the necessary requirements for these objectives. Inefficient public investment and...
Persistent link: https://www.econbiz.de/10011244481
state assets will support fiscal adjustment efforts, promote growth and employment, and help Greece retire maturing debt …
Persistent link: https://www.econbiz.de/10011244494
This 2009 Article IV Consultation highlights that the Chilean economy has proved resilient in the face of the global financial crisis. The policy response to the crisis has been sizable, well balanced, and coordinated. Executive Directors have commended the Chilean authorities for their sound...
Persistent link: https://www.econbiz.de/10011244495
The staff report for the 2007 Article IV Consultation highlights Turkey’s economic revival and policies to entrench macroeconomic stability. Turkey has experienced an impressive economic revival in recent years. Exports have continued to gain market shares, as the effects of an...
Persistent link: https://www.econbiz.de/10011244573