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Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as...
Persistent link: https://www.econbiz.de/10011242861
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
This 2004 Article IV Consultation of Rwanda reports that although the recovery in primary activities has been relatively rapid, formal sector activity registered a mixed performance. The expansion of government programs in health, education, water and energy, would widen the structural deficit...
Persistent link: https://www.econbiz.de/10005824927
This paper discusses Iraq’s request for Stand-By Arrangement for 15 months from December 2005 through March 2007, which they intend to treat as precautionary. The authorities’ policies have succeeded in promoting overall macroeconomic stability despite the extremely difficult...
Persistent link: https://www.econbiz.de/10005825026
. Macroeconomic stability under the IMF-supported program and the above structural reforms underpinned progress in reducing poverty …
Persistent link: https://www.econbiz.de/10005825038
structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the …
Persistent link: https://www.econbiz.de/10005825042
worsening of the external debt burden. A tighter macroeconomic policy accompanied by a decisive structural reform is needed to …
Persistent link: https://www.econbiz.de/10005825080
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by...
Persistent link: https://www.econbiz.de/10005825370
debt and debt service during the 1990s. To reduce growth volatility, since the mid-1990s, the government has attempted to …
Persistent link: https://www.econbiz.de/10005825547
. Private sector creditors and the IFI offer different debt contracts that are modelled based on the institutional frameworks of … these two types of debt. We analyze the decisions of a sovereign on how to allocate its borrowing needs between these two … types of creditors, and when to default on its debt to the private sector creditor. The numerical analysis shows that …
Persistent link: https://www.econbiz.de/10005825629