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This paper examines Turkey’s 2002 Article IV Consultation and First Review Under the Stand-By Arrangement (SBA). In response to September 11, the Turkish government initiated a new intensified IMF-supported program, both to protect the economy against future crises, and to continue Turkey’s...
Persistent link: https://www.econbiz.de/10014407347
This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in 2002, implying a return of growth to about 3 percent at an annual rate in the second half, and to rise by 3 percent in 2003. The pickup reflects an improvement in the worldwide...
Persistent link: https://www.econbiz.de/10014407354
The 2002 Article IV Consultation highlights that the financial sector of Luxembourg has continued to expand, with asset and liquidity management taking over from private banking as the main source of strong growth of the sector. Nonetheless, activity weakened in 2001. Structural reforms are...
Persistent link: https://www.econbiz.de/10014407356
This 2001 Article IV Consultation highlights that Bangladesh’s economy became progressively more fragile after the mid-1990s owing to a persistent pursuit of expansionary fiscal and monetary policies along with slow progress on needed structural reforms, especially in the banking and...
Persistent link: https://www.econbiz.de/10014407360
This 2002 Article IV Consultation highlights that although economic growth of Hungary slowed in 2001, the economy showed considerable resilience to the weaker external environment. GDP growth was a still respectable 3.8 percent, down from 5.2 percent in 2000 but higher than most other countries...
Persistent link: https://www.econbiz.de/10014407361
Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countries will prove greater than in the past. In the absence of country-specific...
Persistent link: https://www.econbiz.de/10014407372
Bolivia has a long track record of substantial progress in the areas of macroeconomic stability and structural adjustment; however, poverty remains widespread. Although there were significant delays and setbacks in the execution of the structural adjustment program, some important advances were...
Persistent link: https://www.econbiz.de/10014407375
The Republic of Slovenia, being the most successful transition economy in Central and Eastern Europe, has achieved significant economic convergence with the European Union, and has built up an impressive record of sustained, broad-based growth, reflecting strong competitiveness and investment....
Persistent link: https://www.econbiz.de/10014407379
The past decade has witnessed a progressive weakening of the Antillean economy, and prospects for a recovery depend on reinvigorating and sustaining adjustment. There is a need for more vigorous reforms, well coordinated across governments and supported by building social consensus. Fiscal...
Persistent link: https://www.econbiz.de/10014407380
Colombia's economic performance deteriorated markedly in 1998–99 owing to a combination of external shocks. The main program objectives for 2001 are to achieve a further reduction in inflation to 8 percent, continue the recovery of economic activity, and strengthen the public finances further...
Persistent link: https://www.econbiz.de/10014407382