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EXECUTIVE SUMMARY Political context. The political environment has been broadly stable, albeit the ongoing dispute with gold company Centerra is creating tensions. In September, the government and Centerra signed a memorandum of understanding which stipulated the exchange of 33 percent of the...
Persistent link: https://www.econbiz.de/10012693810
This Technical Note examines the condition of the banking system for Pakistan. The number of commercial banks and … preserving stability and soundness of the banking system …
Persistent link: https://www.econbiz.de/10014406768
This technical note analyzes the competition in the banking sector in Denmark. It reveals that Denmark has a fairly … competitive and efficient banking sector. Measured by various indicators, efficiency of banking intermediation has been improving … in recent years. The banking sector has become concentrated, and profitability of banks is relatively high and growing …
Persistent link: https://www.econbiz.de/10014406887
This paper examines recent economic developments in the Republic of Palau. Palau has made a modest recovery in 2000 and 2001. Real GDP growth has been about 1 percent in 2000 and 2001, after the recession brought about by the Asian crisis reached its trough of negative 51⁄2 percent growth in...
Persistent link: https://www.econbiz.de/10014406325
through comprehensive tax reform and expenditure reform to achieve fiscal self sufficiency when the Compact grants expire …
Persistent link: https://www.econbiz.de/10014411230
This Selected Issues paper describes Palau's fiscal challenges and policy options to achieve long-term fiscal sustainability. Palau relies heavily on compact grants, and without continued fiscal consolidation over the medium term, the fiscal position will become unsustainable after these grants...
Persistent link: https://www.econbiz.de/10014411231
Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks. External and financial stability have been maintained despite a difficult external environment. The start of EU...
Persistent link: https://www.econbiz.de/10014395140
This Selected Issues paper presents an overview of the cross-border expansion of Moroccan banks in sub-Saharan Africa (SSA). It discusses policies to minimize possible negative spillovers and address the main supervisory challenges. It builds on the analysis and main results of a Pan-African...
Persistent link: https://www.econbiz.de/10014412082
This Selected Issues paper examines inflation dynamics in Bulgaria from January 2012 to February 2015 and highlights some stylized facts about inflation in the country. January 2012 to February 2015 is the most relevant period for identifying factors contributing to recent deflation in Bulgaria,...
Persistent link: https://www.econbiz.de/10014412083
Singapore’s economic growth has been heavily dependent on factor accumulation during the past three decades. Attempts to gauge productivity growth in Singapore and other East Asian countries has led to the widely publicized debate on whether the East Asian “miracle” was driven by factor...
Persistent link: https://www.econbiz.de/10014402096