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emergence of macroeconomic imbalances. The dominance of foreign-owned banks in the banking system constitutes both a source of … strength and risk. Although stress tests indicate that the banking system is reasonably resilient to macroeconomic shocks …
Persistent link: https://www.econbiz.de/10011243521
Observance of Standards and Codes on Banking Supervision; and the assessment of Tanzania's adherence to the Basel Core Principles. …
Persistent link: https://www.econbiz.de/10005591619
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …
Persistent link: https://www.econbiz.de/10005826629
This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF). Program performance has been generally satisfactory. The quantitative performance criteria were observed, as was most of the structural conditionality. One structural performance...
Persistent link: https://www.econbiz.de/10011244009
Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts. They welcomed the 2003 budget and stressed...
Persistent link: https://www.econbiz.de/10005768438
This paper examines Mozambique’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Mozambique’s performance in 2004 relative to the main macroeconomic objectives of the PRGF-supported program was satisfactory. The fiscal...
Persistent link: https://www.econbiz.de/10005591432
This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Pakistan. Program implementation has been uneven but key reforms are moving forward. All end-September 2009 quantitative performance criteria were met, with the exception of the ceiling on the overall budget...
Persistent link: https://www.econbiz.de/10011242873
This 2004 Article IV Consultation highlights that macroeconomic developments in Belarus in 2003 were mixed. Although in real terms GDP, industrial production, and agriculture all grew by 6.8 percent; according to official data prepared on Belarusian national methodology growth, would be lower on...
Persistent link: https://www.econbiz.de/10005591825
prolonged period will bring the public finances to a sustainable path. To protect social expenditures and allow higher public …
Persistent link: https://www.econbiz.de/10005825015
financial transparency. The stress test confirms the system's vulnerability to a sharp fall in real estate business. The banking …
Persistent link: https://www.econbiz.de/10011244664