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This paper discusses key findings of the Third Review Under the Extended Credit Facility (ECF) for Mali. Implementation of the ECF-supported program has been challenged by the global financial crisis and the ensuing global slowdown. The new program aims to continue prudent fiscal policies and...
Persistent link: https://www.econbiz.de/10011243764
choices as well as a shortfall in donor budget financing have to be maintained. Debt sustainability requires near and medium …
Persistent link: https://www.econbiz.de/10011242613
The economy of Honduras contracted as a result of the global economic crisis. In the economic policy area, the authorities gave priority to strengthening the financial position of the public sector and restarting the external assistance. Measures are taken to strengthen the fiscal position, in...
Persistent link: https://www.econbiz.de/10011244248
This paper presents key findings of the Second Review for the Kyrgyz Republic under the Extended Credit Facility. Buoyant revenue collection and significant shortfalls in external financing led to a lower-than-programmed fiscal deficit for 2011. The overall health of the banking sector continued...
Persistent link: https://www.econbiz.de/10011244314
poverty reduction have improved. The HIPC completion reduced debt service obligations and increased the resilience of external … debt indicators to shocks. Non-oil revenue is improved through broadening the tax base and improving the design of the tax …
Persistent link: https://www.econbiz.de/10011245423
In this study, owing to the global financial crisis, a Stand-By Arrangement (SBA) for the Dominican Republic was approved. The aim is to limit the procyclical policies in the short-term and discussions focused on policies necessary to ensure that the end-2011 and 2011 targets are observed....
Persistent link: https://www.econbiz.de/10011243888
. All quantitative performance criteria (PC) were met. The indicative floor on social expenditures was not achieved, mainly … because of capacity weaknesses in implementing capital expenditures. The implementation of the tax and customs administration …
Persistent link: https://www.econbiz.de/10011243516
Despite external and domestic shocks, the Guyanese economy demonstrated resilience and registered a fifth consecutive year of robust growth in 2010. The authorities started making payouts to Colonial Life Insurance Company (CLICO) policyholders, in line with their plans to minimize fiscal costs....
Persistent link: https://www.econbiz.de/10011243855
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
The Kyrgyz Republic has stabilized with the formation of a new coalition, but political uncertainty remains. Despite a slump in gold production and delays in donor financing, monetary and fiscal policies remained prudent. Improving the business climate, good governance, and strong institutions...
Persistent link: https://www.econbiz.de/10011244398