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EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month Stand-By Arrangement in an amount equivalent to 400 percent of quota (SDR 1.146 billion or about $1.75 billion). To date, SDR 573 million equivalent to $877 million has been disbursed. The pillars of the program...
Persistent link: https://www.econbiz.de/10014411510
economic recovery and adjusting the economy to its new potential. The current staff monitored program (SMP) is providing an …
Persistent link: https://www.econbiz.de/10014411541
This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid...
Persistent link: https://www.econbiz.de/10014411626
KEY ISSUES Context. Saudi Arabia's economy has grown very strongly in recent years, benefitting from high oil prices … global oil market. The economy has not been affected by the recent global financial market volatility. The Saudi population … diversified economy is a challenge given Saudi Arabia's vast oil resources. The government is making considerable efforts to lay …
Persistent link: https://www.econbiz.de/10014411641
KEY ISSUES Context. High oil prices and production have contributed to sizable fiscal and external surpluses. Non-oil growth has picked up, mainly driven by consumption and investment. Political developments in the last few years have had an adverse impact on the implementation of public...
Persistent link: https://www.econbiz.de/10014411755
This Selected Issues paper discusses the designing and implementing of Kuwait’s fiscal policy for the medium term. Fiscal policy has a major role to play in supporting macrostability and diversification. The fiscal strategy design and implementation on a yearly basis are based on a few key...
Persistent link: https://www.econbiz.de/10014411756
. But the economy’s dependence on the hydrocarbon sector has led to serious vulnerabilities that are now coming to light …
Persistent link: https://www.econbiz.de/10014411760
Conclusions * Algeria will need to undertake significant and consistent fiscal consolidation to restore fiscal sustainability. In the wake of the crisis, Algeria expanded wages, subsidies, and transfers in an effort to address social demands. At the same time, revenues declined as a result of...
Persistent link: https://www.econbiz.de/10014411761
EXECUTIVE SUMMARY Jordan’s economy has been resilient in an increasingly difficult regional environment. Previously …
Persistent link: https://www.econbiz.de/10014411775
large public infrastructure program to advance economic diversification and prepare for the FIFA 2022 World Cup. The economy …
Persistent link: https://www.econbiz.de/10014412013