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The Kyrgyz authorities have maintained macroeconomic discipline in recent years, despite a challenging political environment. This 2006 Article IV Consultation highlights that the economic activity is rebounding in 2006, with year-over-year real GDP growth of 3.2 percent through September, after...
Persistent link: https://www.econbiz.de/10011244114
Economic activity in the Kyrgyz Republic has been buffeted by the political upheaval, and output growth has fallen short of expectations. The program builds on the country’s entrenched fiscal prudence and features a tightening in monetary policy, so as to secure rapid sustained growth in...
Persistent link: https://www.econbiz.de/10011245483
This paper discusses a Request from Albania for a Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF). This arrangement aims to prepare Albania for graduation from IMF-supported programs. If properly implemented, the policies it embodies will reduce vulnerabilities,...
Persistent link: https://www.econbiz.de/10005598907
choices as well as a shortfall in donor budget financing have to be maintained. Debt sustainability requires near and medium … exchange rate or inflation pressures. The emphasis on improving governance, transparency, and safeguards is commended. …
Persistent link: https://www.econbiz.de/10011242613
Albania’s macroeconomic performance over the past year has been good, with strong growth and a significant reduction in poverty under the Poverty Reduction and Growth Facility Arrangement. Executive Directors commended the new strategy for maintaining the macroeconomic stability,...
Persistent link: https://www.econbiz.de/10011245430
The Kyrgyz Republic is emerging from a deep political crisis. In April 2010, a popular uprising toppled the previous regime and internal ethnic conflict in June 2010 exacerbated the already difficult political situation. The crisis has adversely affected economic activity and near-term growth...
Persistent link: https://www.econbiz.de/10011242611
improvements in tax administration, lowered public debt from 66 percent of GDP in 2001 to 53 percent in 2007. Risks to domestic and …
Persistent link: https://www.econbiz.de/10011243460
This paper examines Peru’s Request for a Stand-By Arrangement (SBA). Performance under the 2002–03 SBA was satisfactory. This performance provides a solid basis for continuing with policies aimed at maintaining macroeconomic stability. The authorities are requesting a 26-month SBA...
Persistent link: https://www.econbiz.de/10005768609
Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct … reserves and reduce public debt. In 2011, the policy mix under the economic program supported by the Extended Fund Facility has … will focus on strengthening the financial sector and restructuring of state-owned financial institutions. …
Persistent link: https://www.econbiz.de/10011244044
The Kyrgyz Republic is recovering from a deep political crisis. Agriculture, tourism, mining, and textile production will be important drivers of growth. Strong export-oriented growth and fiscal consolidation will help to reduce the current account deficit in the medium term. Executive Directors...
Persistent link: https://www.econbiz.de/10011244638