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This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution … debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that … sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms …
Persistent link: https://www.econbiz.de/10014398806
This paper focuses on the increase in the external debt stock that reflects donor financing, including IMF and Bank lending to help Mongolia smooth its fiscal adjustment path after the major terms of trade shock. The fiscal deficit is expected to steadily decline until revenues from the Oyu...
Persistent link: https://www.econbiz.de/10014404512
This paper presents a debt sustainability analysis for St. Lucia. The medium-term scenario prepared by the IMF staff …
Persistent link: https://www.econbiz.de/10014410933
This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its optimal debt...
Persistent link: https://www.econbiz.de/10014402960
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks to reinvigorate its growth and debt reduction strategy, it is instructive to examine how exogenous shocks and other unanticipated developments can affect economic outcomes....
Persistent link: https://www.econbiz.de/10014404449
This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the...
Persistent link: https://www.econbiz.de/10014397669
Syria faces two interrelated medium-term challenges posed by the prospective decline in its oil reserves. The recently approved five-year plan (FYP) laid down a comprehensive strategy to address these challenges. Syria’s public finances are headed for challenging times in the coming 10–15...
Persistent link: https://www.econbiz.de/10014401189
evaluating the countries’ fiscal stance and fiscal policy focus should be lowering support to debt sustainability, private sector …
Persistent link: https://www.econbiz.de/10014402435
This Selected Issues paper for Bosnia and Herzegovina (BiH) reports that GDP per capita in BiH is similar to that in neighboring Balkan countries. BiH risks are falling behind rather than catching up with other transition economies in terms of its economic development. This could delay the...
Persistent link: https://www.econbiz.de/10014404528
sustainability approach of the Consultative Group on Exchange Rate Issues (CGER) methodology for exchange rate assessment. The paper …
Persistent link: https://www.econbiz.de/10014404683