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Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability. They...
Persistent link: https://www.econbiz.de/10010790445
, much of the rapid growth in credit has been in consumer loans. The authorities are monitoring high levels of household debt …
Persistent link: https://www.econbiz.de/10010790449
Persistent link: https://www.econbiz.de/10010790464
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in … been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in … designing and implementing a comprehensive debt restructuring strategy and draws together some key principles. …
Persistent link: https://www.econbiz.de/10010790467
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
Armenia showed strong economic performance owing to its prudent macroeconomic policies and structural reforms, under the Poverty Reduction Growth Facility (PRGF) Arrangement. Executive Directors welcomed this development, and stressed the need to strengthen the tax system, structural reform...
Persistent link: https://www.econbiz.de/10005590983
Discussions on the Second Review Under the Poverty Reduction and Growth Ffacility (PRGF) arrangement took place in Dushanbe. The IMF-supported program concentrates on enhancing macroeconomic stability and implementing structural reform in the key areas of banking, energy, and agriculture. The...
Persistent link: https://www.econbiz.de/10005591027
Performance under the program has been satisfactory. Real GDP growth is higher than estimated owing to substantially higher than projected agricultural production. Burkina Faso continues to depend heavily on external assistance and on cotton exports, and is highly vulnerable to terms-of-trade...
Persistent link: https://www.econbiz.de/10005591084
In the aftermath of adverse supply shocks, and with further measures to promote investment, growth of production and exports is expected to recover. Efforts to remove barriers to investment and ensure a reliable provision of electricity are critical to private-sector-led growth. External...
Persistent link: https://www.econbiz.de/10005591092
This 2004 Article IV Consultation highlights that six years after the 1998 financial crisis, Ukraine continues to recover strongly. In 2003, real GDP grew by 9.4 percent, despite a poor harvest, and reached 13.5 percent through July 2004. Growth in 2003–04 has been prompted by favorable...
Persistent link: https://www.econbiz.de/10005591159