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This paper discusses Peru's Review under the Flexible Credit Line (FCL) Arrangement. Peru continues to qualify for the …
Persistent link: https://www.econbiz.de/10015059431
Over the last quarter of a century, Peru has become one of the most dynamic economies in Latin America. During this … period, Peru built very strong policy and institutional frameworks and economic fundamentals while maintaining external … trends). However, Peru is bearing a very high humanitarian and economic cost from the COVID-19 pandemic, sizable under …
Persistent link: https://www.econbiz.de/10015060369
Cover -- Contents -- I. Introduction -- II. Recent Developments and Outlook -- III. Policy Discussions -- A. Fiscal Policies -- B. Financial Sector -- C. Growth-Enhancing Policies -- IV. Access and Capacity to Repay the Fund -- V. Staff Appraisal -- Tables -- 1. Selected Economic and Social...
Persistent link: https://www.econbiz.de/10009621149
EXECUTIVE SUMMARYEconomic activity remained weak in early 2014. Activity was impacted by an outbreak ofthe Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty may also be at play. Economic growth is estimated to have been 2.3 percent in 2013,...
Persistent link: https://www.econbiz.de/10012690574
EXECUTIVE SUMMARYGrowth remains robust, despite slight downward revisions. Growth estimates for 2013 and projections for 2014 were revised to 6.6 and 6.8 percent, respectively, reflecting weather and weaker terms of trade. Inflation is around zero, partly due to subsidized food prices. The...
Persistent link: https://www.econbiz.de/10012690584
Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- DISCUSSIONS -- A. Outlook -- B. Economic Policies -- PROGRAM MODALITIES -- STAFF APPRAISAL -- TABLES -- 1. Selected Economic Indicators, 2009-13 -- 2. Modified General Government Cash Balance, 2012-16 -- 3. General Government Operations,...
Persistent link: https://www.econbiz.de/10012689863
Cover -- CONTENTS -- THE CONTEXT -- POSITIVE ECONOMIC DEVELOPMENTS -- SATISFACTORY PROGRAM PERFORMANCE -- FAVORABLE ECONOMIC OUTLOOK BUT RISING RISKS -- A. Baseline Scenario -- B. Downside Risks -- POLICY DISCUSSIONS -- A. Sustaining Rapid, Inclusive Growth -- B. Fiscal Policy: Supporting Growth...
Persistent link: https://www.econbiz.de/10012689869
EXECUTIVE SUMMARY Context. The emergence of large fiscal and external imbalances in recent years, which led to a slowdown in growth, is putting Ghana's medium-term prospects at risk. The Government's efforts to achieve fiscal consolidation since mid-2013 have been undermined by policy slippages,...
Persistent link: https://www.econbiz.de/10014407774
This paper discusses Burkina Faso's Third Review Under the Extended Credit Facility (ECF) Arrangement. Policies and reform implementation under the ECF-supported program have been satisfactory. All end-June 2019 quantitative performance criteria and indicative targets were met as well as all,...
Persistent link: https://www.econbiz.de/10014407878
This paper discusses Mexico's Review Under the Flexible Credit Line (FCL) Arrangement. Mexico has navigated successfully a complex external environment, characterized by falling commodity prices, a sharp appreciation of the U.S. dollar, and heightened volatility in international financial...
Persistent link: https://www.econbiz.de/10014407926