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Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt...
Persistent link: https://www.econbiz.de/10011243799
Persistent link: https://www.econbiz.de/10004197859
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
Economic developments and growth of Jamaica are discussed in this paper. Despite the good performance under the program through end-September, mounting spending pressures and delays in some fiscal reforms have required the adoption of corrective measures by the authorities. The authorities...
Persistent link: https://www.econbiz.de/10011244977
This paper asks 1) whether reliance on Eurobond financing over the medium term is consistent with sound debt management … policy and 2) whether Macedonia can reasonably expect Eurobond borrowing costs to fall in the future. The main conclusions … are that Eurobond financing appears justified in the near term but over a longer horizon, the country should seek to …
Persistent link: https://www.econbiz.de/10011245543
can be complements to be sequenced along alternative paths that possibly culminate in a fully-fledged Eurobond. The …
Persistent link: https://www.econbiz.de/10010790383
Economic activity is weak, but showing incipient signs of a recovery. Domestic financial markets remain stable and the growth outlook has improved. Better prospects for agriculture, mining and quarrying, and construction are expected to increase growth. Macroeconomic performance under the...
Persistent link: https://www.econbiz.de/10011242697
The report says that Macedonia continues to pursue sound economic policies that are consistent with the program supported by the Precautionary Credit Line (PCL) arrangement. The authorities strengthened debt management policies and improved access to external funding and developed a domestic...
Persistent link: https://www.econbiz.de/10011243932