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This paper discusses Haiti’s Request for Emergency Post-Conflict Assistance (EPCA). The authorities’ program draws on a broad reform and development program prepared in collaboration with the international community. The principal objectives of the program are to strengthen key...
Persistent link: https://www.econbiz.de/10005252672
The goal of the monitoring program is to develop a medium-term economic and structural reform program that could be supported by renewed donor growth, including from the poverty reduction and growth facility. Monetary policy will need to be geared toward reducing inflation and stabilizing the...
Persistent link: https://www.econbiz.de/10005825417
This paper discusses the Use of IMF Resources in Haiti and Request for Emergency Post-Conflict Assistance (EPCA). The EPCA-supported program was on track until May 2005. All end-December and end-March targets were observed, inflation declined, the exchange rate stabilized, and net international...
Persistent link: https://www.econbiz.de/10005825392
Based on Haiti’s overall satisfactory track record and the strength of the program, IMF staff supports the authorities’ request for a new three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The authorities’ demonstrated political commitment and...
Persistent link: https://www.econbiz.de/10011243940
The macroeconomic goals of the first program year were largely met, although growth accelerated somewhat less than expected. Objectives for the second program year (FY2008) are to create conditions for higher growth and consolidate stabilization gains achieved so far. Monetary policy will focus...
Persistent link: https://www.econbiz.de/10011245829
Burundi’s First Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria are discussed. Fiscal slippages emerged following the surge in petroleum prices and higher spending needs associated with the peace process and the domestically financed...
Persistent link: https://www.econbiz.de/10005598865
and expenditure management, banking supervision and resolution, and privatization. Monetary and exchange rate policies in …
Persistent link: https://www.econbiz.de/10005825525
Burundi is emerging from more than a decade of civil conflict that started with the 1993 coup d’état against its first elected government. Macroeconomic developments in 2005 were broadly in line with the Poverty Reduction and Growth Facility (PRGF) program, although growth was lower at about...
Persistent link: https://www.econbiz.de/10011243597
This paper assesses Serbia and Montenegro’s First Review Under the Extended Arrangement (EA). Serbia and Montenegro’s economic and policy performance has remained good under the current EA, but daunting challenges lie ahead. Macroeconomic policies need to be carefully calibrated to...
Persistent link: https://www.econbiz.de/10005591273
The Fourth Review Under the Extended Arrangement, Financing Assurances Review, and Request for Waiver of Performance Criteria for Serbia and Montenegro are discussed. The agreed tighter fiscal, monetary, and incomes policies should cool off wage and credit growth, which are driving the demand...
Persistent link: https://www.econbiz.de/10005248077