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This paper presents Niger's 2022 Article IV Consultation, Second Review under the Extended Credit Facility Arrangement …, and Requests for a Waiver of Non-Observance of Performance Criterion and Modification of Performance Criteria. Niger … growth this year and acceleration over the near term, Niger continues to face daunting development challenges, while being …
Persistent link: https://www.econbiz.de/10015059788
EXECUTIVE SUMMARY Stand-By Arrangement. A 20-month SBA in an amount of SDR 90.968 million (154 percent of quota) was approved by the Executive Board on April 27, 2012, and the first purchase of SDR 4.251 million was made available following the Board meeting (Country Report 12/100). The second...
Persistent link: https://www.econbiz.de/10014394350
KEY ISSUES Background: After its resilience during the global financial crisis, the Polish economy slowed substantially in 2012–13 as headwinds from the euro area and waning confidence added to the drag from fiscal consolidation. But economic activity is starting to recover, helped by strong...
Persistent link: https://www.econbiz.de/10014394375
Policy implementation remains on track but recent weak GDP data point to a slower growth recovery. Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand. Nonetheless, fiscal results remain on track and sovereign and bank bond yields have risen relatively...
Persistent link: https://www.econbiz.de/10014394615
The economic model of Belarus is increasingly untenable, resulting in poor policy outcomes. Strong and predictable macroeconomic policies are essential to promote stability. A further reduction in directed and subsidized lending operations is needed. The National Bank of the Republic of Belarus...
Persistent link: https://www.econbiz.de/10014395147
The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government’s determination to focus on overdue spending cuts....
Persistent link: https://www.econbiz.de/10014395151
The economy of Bosnia and Herzegovina, which is strongly connected to Europe through trade and financial channels, continues to pay a high price for the tough conditions in the area. The paper discuss that, following low demand in its trading partners, exports slumped in 2012 by 7.5 percent,...
Persistent link: https://www.econbiz.de/10014395199
Kosovo’s macroeconomic and financial policies have remained broadly on track. Progress continues to be made toward the key objectives, i.e., restoring a sustainable fiscal position and sufficient government cash buffers, anchoring fiscal policy, and enhancing the resilience of the financial...
Persistent link: https://www.econbiz.de/10014395220
The Eighth Review Under the Extended Arrangement discusses Ireland’s fiscal policy, financial reforms, economic growth, and employment. The policy implementation of Ireland continued to remain strong, even though the country has been susceptible to global financial shocks. Ireland’s...
Persistent link: https://www.econbiz.de/10014395430
The staff report for the Fifth Review Under the Extended Arrangement and Request for Waivers of Applicability and Nonobservance of End-September Performance Criteria, prepared by a staff team of the IMF, following discussions that ended on September 11, 2012, with the officials of Portugal on...
Persistent link: https://www.econbiz.de/10014395587