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supply. Quarterly credit growth limits and higher penalties for exceeding them are expected to help ensure achievement of … highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit … this target. Measures to slow down household credit should additionally contribute to current account adjustment. …
Persistent link: https://www.econbiz.de/10011243474
This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Peru. The economy continued to perform well in 2004. Real GDP grew by 5.1 percent, inflation was 3.5 percent at end-December, and the fiscal deficit of the combined public sector narrowed to 1.1 percent of...
Persistent link: https://www.econbiz.de/10011244851
weaknesses and higher credit risk. The authorities have thus decided to accommodate tax revenue losses in a higher deficit in …
Persistent link: https://www.econbiz.de/10011244567
credit restraints should lapse and that Basel II should be implemented cautiously. …
Persistent link: https://www.econbiz.de/10011243823
The new government is committed to prudent macroeconomic policies and to enhancing Georgia’s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key...
Persistent link: https://www.econbiz.de/10011242578
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
Bosnia and Herzegovina has enjoyed rapid growth and price stability in recent years, but stronger policy ownership, improved policy coordination, and meaningful progress in structural reform are needed to provide the basis for sustained, private sector-led growth. Ensuring the sustainability of...
Persistent link: https://www.econbiz.de/10011244454
With global financial turmoil increasingly spilling over into Serbia, the authorities have requested a 15-month Stand-By Arrangement (SBA), which they intend to treat as precautionary. The authorities’ program aims at safeguarding macroeconomic and financial stability, in view of the...
Persistent link: https://www.econbiz.de/10011243754
This paper discusses the Republic of Mozambique’s 2007 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). The post-conflict rebound has largely run its course, and first-generation reforms are completed; a second wave of reforms is needed to...
Persistent link: https://www.econbiz.de/10011243306
This paper discusses key findings of the First Review Under the Stand-By Arrangement for Macedonia. Macroeconomic performance of Macedonia remains strong. Through end-December 2005, the authorities met all of the program’s quantitative performance criteria. Growth has remained steady at...
Persistent link: https://www.econbiz.de/10011245621