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restructuring following the global financial crisis. FCs operated in multiple streams of the financial sector, especially in banking … and insurance. Owing to their economic reach and use of regulated and unregulated entities across sectoral boundaries, FCs …
Persistent link: https://www.econbiz.de/10011244943
the banking and insurance sectors of Belgium since 2006. The Belgian financial system is relatively large with solid … links between banks and the Belgian sovereign have intensified owing to the crisis, with total exposure of the banking … sector to the federal government at 10 percent of banking sector assets in mid-2012. …
Persistent link: https://www.econbiz.de/10011245209
funding shocks under different macroeconomic scenarios were assessed. Both banking and insurance tests underscore the … in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector …
Persistent link: https://www.econbiz.de/10011245216
banking system has weathered the global financial crisis relatively well. Executive Directors have noted that Panama is facing …
Persistent link: https://www.econbiz.de/10011244189
This paper discusses the Former Yugoslav Republic of Macedonia’s Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria and Rephasing of the Program. The 2007 fiscal deficit target increased modestly to 1 percent of GDP. Taxes were cut and budget...
Persistent link: https://www.econbiz.de/10011244281
The IMF’s Executive Board completed the first review under the Extended Credit Facility (ECF) arrangement in June 2010 and decided that the Democratic Republic of Congo (DRC) had reached the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. In 2010, an...
Persistent link: https://www.econbiz.de/10011244358
Following an extended period of strong economic performance, Vietnam is facing considerable challenges. Growth moderated to 6.2 percent in 2008. Rapid credit growth fueled by massive capital inflows, coupled with a surge in commodity prices, led to high inflation and large trade deficits in the...
Persistent link: https://www.econbiz.de/10011244400
This paper discusses the 2006 Article IV Consultation for Moldova and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. The economic growth of Moldova has continued to be robust, although the drivers of growth—household consumption and...
Persistent link: https://www.econbiz.de/10011244550
The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armenia’s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening...
Persistent link: https://www.econbiz.de/10011244639
Moldova’s near-term outlook is aimed at slowing growth and receding inflation, but the deteriorating external environment and the fragile political situation poses significant downside risks. The main drivers of growth are private consumption, investment, and exports, fuelled by...
Persistent link: https://www.econbiz.de/10011244669