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the development of its vast hydrocarbon resources. Structural reforms under the program aim at improving public financial …
Persistent link: https://www.econbiz.de/10011242553
This paper discusses key findings of the Second Review and Financing Assurances Review Under the Stand-By Arrangement for Latvia. The sharp economic downturn is starting to bottom out, although recovery has not yet begun. The authorities have implemented the June 2009 supplementary budget, and...
Persistent link: https://www.econbiz.de/10011243235
Kosovo’s economic performance has strengthened considerably, but structural deficiencies undermine export sector development and prospects for sustainable growth. The program seeks to restore fiscal sustainability and safeguard financial sector stability. Restoring fiscal sustainability...
Persistent link: https://www.econbiz.de/10011243958
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215
fiscal deficits and public debts are likely to put substantial upward pressures on sovereign bond yields in many advanced … and public debt on long-term interest rates during 1980 - 2008, taking into account a wide range of country …-specific factors, for a panel of 31 advanced and emerging market economies. It finds that higher deficits and public debt lead to a …
Persistent link: https://www.econbiz.de/10008646420
The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge … is to identify one-off inflationary influences, communicate these to the public and financial markets, and deal with …
Persistent link: https://www.econbiz.de/10011242647
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 particular wage bill control, energy subsidies, public sector tariffs …
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
This paper discusses key findings of the Fourth Review for the Central African Republic (CAR) under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). Short-term fiscal policy of the CAR attempts to stabilize demand through government spending while preserving...
Persistent link: https://www.econbiz.de/10011244356
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