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The Financial System Assessment (FSA) is based on the work of the joint IMF-World Bank Financial Sector Assessment Program (FSAP) Update mission to Georgia during February 15-28,2006. The principal objective of the FSAP Update was to assist the authorities in evaluating the potential...
Persistent link: https://www.econbiz.de/10012553129
A joint IMF and World Bank team conducted virtual missions to Georgia during January-February 2021 and May-June 2021, to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2014. This report summarizes the main findings of the mission, identifies key financial...
Persistent link: https://www.econbiz.de/10013255298
major contributors to this growth. Overall inflation has risen considerably since the end of 2012, due to a notable increase …
Persistent link: https://www.econbiz.de/10012560502
The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased...
Persistent link: https://www.econbiz.de/10012247360
The Philippine economy grew slower than expected at 3.7 percent in 2011, held back by weak public spending and external demand. In the fourth quarter (Q4), growth slightly improved at 3.7 percent. As in past quarters, growth was driven by remittance-fueled household consumption, which grew by...
Persistent link: https://www.econbiz.de/10012248037
inflation, and hurt growth. Although commodity prices have come down recently, the benefits are being clouded by the emergence … monetary policy to reduce inflation, and increased spending on a range of safety net programs for the poor. Some of the …
Persistent link: https://www.econbiz.de/10010520963
"This paper uses a computable general equilibrium model to assess the welfare impact of commodity price inflation in … inflation since 2006 may have had a significantly negative impact on all Tanzanian households. Most of the negative impact comes … shielded from global commodity inflation because they derive a larger share of their incomes from agricultural activity and …
Persistent link: https://www.econbiz.de/10010520999
"Emerging market economies (EMEs) have experienced a noticeable decline in inflation since the mid-1990s. Whether this … with the start of 24 inflation episodes in 15 EMEs between 1980 and 2001. They use pooled probit analysis to estimate the … contribution of the key factors to inflation starts. Their empirical results suggest that increases in the output gap, agricultural …
Persistent link: https://www.econbiz.de/10010522958
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