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This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and...
Persistent link: https://www.econbiz.de/10014406684
The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre-crisis policy of taxing and saving oil revenues in a stabilization fund, which had created significant space for fiscal expansion, monetary easing, and extraordinary liquidity...
Persistent link: https://www.econbiz.de/10014402945
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
. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the …
Persistent link: https://www.econbiz.de/10014405628
of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 draft …
Persistent link: https://www.econbiz.de/10014411338
Russia’s newly strengthened macroeconomic anchors. But absent a widening output gap, expansionary fiscal and monetary … growth, Russia needs to further strengthen the macroeconomic policy framework and implement supply-side reforms. The … constraints, Russia should reduce the regulatory burden to facilitate more private sector activity in key sectors, strengthen the …
Persistent link: https://www.econbiz.de/10014394549
Persistent link: https://www.econbiz.de/10001658951
Djibouti’s 2007 Article IV Consultation focuses on the medium-term growth prospects and policies necessary to ensure that growth is broad based and accompanied by sufficient employment creation. Real GDP growth is estimated at 4.8 percent in 2006, driven by fiscal expansion, and a sizable...
Persistent link: https://www.econbiz.de/10014404820
The macroeconomic environment is sound, with low inflation and a comfortable external position, although the fiscal position remains a concern for the medium term. The authorities have successfully privatized and liberalized the telecommunications, energy, and transportation sectors. Moreover,...
Persistent link: https://www.econbiz.de/10014404830
This 2004 Article IV Consultation highlights that the downturn experienced by the Swedish economy in 2002–03 was relatively mild, with growth remaining well above the European Union average. Expansionary fiscal policy in 2002 underpinned private consumption. Private investment, however,...
Persistent link: https://www.econbiz.de/10014404854