This paper is an overview of Nicaragua’s performance in the year 2011. The year 2012 is expected to face a recession and a moderation in the global oil prices. The tax revenue collections will be sturdy. The poverty scale will not face any oscillation. The rigid development in the...

This paper presents Portugal’s third review under the extended arrangement and request for waiver of applicability of end-March performance criteria. The government has initiated labor market reforms, privatizations, telecom sector liberalization, and improved competition framework....

This 2008 Article IV Consultation highlights that GDP per capita for Papua New Guinea remains low. An unattractive investment environment, primarily owing to weak infrastructure, problems with governance, and high crime curtails development. Executive Directors have commended the authorities for...

This paper presents a Joint Staff Advisory Note on the Republic of Armenia’s Second Poverty Reduction Strategy Paper (PRSP). Armenia’s poverty and extreme poverty rates declined in 2006 to 26.5 percent and 4.1 percent of the population, respectively—results which surpassed...

Weltweite Rezession und niedrige Rohstoffpreise haben nicht nur den Bergbau, das wirtschaftliche Rückgrat Namibias, schwer getroffen. Der erhoffte Ansturm internationaler Investoren blieb fast völlig aus, und die Landwirtschaft beginnt sich erst allmählich von den Dürrefolgen des vergangenen...

"Since the start of the high unemployment, there has been discussion in Germany of reductions in working hours, also for employment policy reasons, as a means of avoiding the threat of redundancies or - for lack of additional jobs - to spread the work available over more people to reduce...