Showing 1 - 10 of 287,591
This paper discusses key findings of the Fifth Review Under the Extended Credit Facility (ECF) for Grenada. Four of the six quantitative performance criteria for end-November 2009 were met. The primary balance, excluding the grants target, was missed by 3.3 percent of GDP owing to...
Persistent link: https://www.econbiz.de/10011243254
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
This paper examines Serbia and Montenegro’s Third Review Under the Extended Arrangement and Requests for Waiver of Performance Criterion. Serbia and Montenegro’s recent economic performance has been mixed, combining excellent progress in some areas with an uncomfortably large...
Persistent link: https://www.econbiz.de/10005825486
This paper discusses Serbia and Montenegro’s Sixth Review Under the Extended Arrangement, Financing Assurances Review, Request for Waivers of Nonobservance of Performance Criteria, and Proposed Post-Program Monitoring. Program implementation since the fifth review has been mixed, delaying...
Persistent link: https://www.econbiz.de/10005591294
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
and expenditure management, banking supervision and resolution, and privatization. Monetary and exchange rate policies in …
Persistent link: https://www.econbiz.de/10005825525
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
development is to be promoted by encouraging foreign competition in the banking system. …
Persistent link: https://www.econbiz.de/10011243392
This paper examines Pakistan’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver and Modification of Performance Criteria. Although most reforms were broadly on track, there were setbacks in energy sector reforms,...
Persistent link: https://www.econbiz.de/10005768623
in the midst of a banking crisis of extraordinary proportions that is expected to lead to a deep recession, a sharp rise … in the fiscal deficit, and a dramatic surge in public sector debt, reflecting a high fiscal cost of restructuring the … banking system. The virtual collapse of the on-shore foreign exchange market poses a serious and immediate risk to the economy …
Persistent link: https://www.econbiz.de/10011245294