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This paper presents a debt sustainability analysis for St. Lucia. The medium-term scenario prepared by the IMF staff assumes continued fiscal consolidation and thus is compatible with sustainable debt levels even in the presence of adverse economic shocks. Stress tests show that stabilizing the...
Persistent link: https://www.econbiz.de/10014410933
This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the...
Persistent link: https://www.econbiz.de/10014398806
Timor-Leste weathered the global financial crisis well and experienced healthy economic growth rates. It has made solid progress in strengthening the public financial management systems. The budget document provides comprehensive information; fiscal transparency is high. The Ministry of Finance...
Persistent link: https://www.econbiz.de/10014402438
The Burundian government has requested a modification of the zero limit on nonconcessional external debt in the country’s arrangement under the Extended Credit Facility (ECF). It has sought to increase the grant element of the financing for the hydroelectric plant. Executive Directors support...
Persistent link: https://www.econbiz.de/10014397796
India’s economy has slowed substantially before and after the global financial crisis. The economy is in a weaker …
Persistent link: https://www.econbiz.de/10014395405
India’s macroeconomic imbalances (high inflation, large current account and fiscal deficits) and structural weaknesses … imports. Nonetheless, India has very little room to adopt countercyclical policies, constrained by persistently-high inflation … facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations …
Persistent link: https://www.econbiz.de/10014411154
This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in 2012 amid rising fiscal and external imbalances. Fiscal pressures came to the fore in a mounting public sector wage bill and costly energy subsidies that pushed the deficit close...
Persistent link: https://www.econbiz.de/10012692669
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10012692671
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10012692679
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10012692680