Fiji is enjoying a strong growth momentum due to accommodative policies, robust tourism and strong remittances, and an improvement in the terms of trade. The smooth and peaceful elections in September 2014 marked the return to democracy-leading to a normalization in relations with development...

This 2019 Article IV Consultation with the Republic of Fiji highlights that economic activity slowed sharply in 2019 due to lower government spending, tighter domestic financial conditions, weak sentiment, and the global deceleration. The slowdown followed several years of relatively strong...

This report presents estimates of the tax gap for Finland for the period 2008-14. There are two main components to the RA-GAP methodology for estimating the VAT gap: 1) estimate the potential VAT collections for a given period; and 2) determine the accrued VAT collections for that period. The...

Recent growth has been healthy, and the unemployment rate has fallen to its lowest level since 2011. However, some underlying weaknesses remain. The rate in which new jobs are created and the 'churn' of workers relocating across jobs has not picked up with the recovery, labor productivity growth...

This Selected Issues paper summarizes Nordea's operations and business model; the macroeconomic and prudential implications of the move; and policy responses taken so far. The IMF staff's assessment is that banking supervision in the euro area has improved significantly following the creation of...

This paper discusses key findings of the Financial System Stability Assessment concerning Finland. It reveals that Finland's banking system remains well capitalized and profitable. Although low interest rates have squeezed net interest income, banks have increased income from trading and...

This Selected Issues paper examines Finland's sectoral balance sheets and how they have evolved since the global financial crisis; the analysis reveals that financial vulnerabilities have risen in most sectors. Indebtedness has increased for nonfinancial corporations (NFCs), households, and the...