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-term outlook by achieving an ambitious fiscal adjustment while protecting social spending, creating an environment for higher … private sector-led growth, and building a robust financial sector. Main policy issues • A reduction in the fiscal deficit of … management to mitigate key fiscal risks, including by enhancing expenditure monitoring and control (to avoid future spending …
Persistent link: https://www.econbiz.de/10011242820
This paper presents Jamaica’s Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria report. The IMF staff report highlights that recent data is in-line with GDP growth of some 1 percent in 2013–2014....
Persistent link: https://www.econbiz.de/10011242823
This paper discusses 2012 Article IV Consultation of Republic of Uzbekistan. Uzbekistan has been experiencing strong momentum in economic growth supported by sustained public investment and increased prices for commodity exports. The IMF report suggests that it is important to ease the...
Persistent link: https://www.econbiz.de/10011242824
guarantee, and large fiscal buffers. Yet, growth has not been inclusive. Over half of the population lives in poverty and a …
Persistent link: https://www.econbiz.de/10011242826
This paper examines Nigeria’s Third Review Under the Policy Support Instrument. Robust growth, lower inflation, a dramatic decline in debt, and an accumulation of significant reserves are among the notable economic achievements. It will be important to consolidate and institutionalize...
Persistent link: https://www.econbiz.de/10011242829
New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is...
Persistent link: https://www.econbiz.de/10011242832
recession are discussed. The low inflation is reached by increasing Riksbank policy rate. The role of fiscal policy council is …
Persistent link: https://www.econbiz.de/10011242838
This 2013 Article IV Consultation highlights that the non-oil economy of the Democratic Republic of Timor-Leste has grown rapidly in recent years with growth averaging close to 12 percent from 2008 to 2011, allowing the average per capita income to steadily increase. The growth was driven by a...
Persistent link: https://www.econbiz.de/10011242842
Over the last several years, Cape Verde has achieved a major economic transformation that is a tribute to its sound homegrown economic reform program. This 2008 Article IV Consultation highlights that real per capita GDP in Cape Verde has increased on average by more than 7 percent a year since...
Persistent link: https://www.econbiz.de/10011242848
sector while reducing fiscal risks. They applauded the Bank of Cape Verde's (BCV) role in strengthening its framework for …
Persistent link: https://www.econbiz.de/10011242850