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This paper discusses the Former Yugoslav Republic of Macedonia’s (FYR Macedonia) Request for a Stand-By Arrangement and Extension of Repurchase Expectations. The authorities have asked the IMF to support an ambitious program that includes structural reforms that address the root causes of...
Persistent link: https://www.econbiz.de/10005824980
This paper evaluates the 2003 Article IV Consultation and a Request for a Stand-By Arrangement (SBA) for the Former Yugoslav Republic of Macedonia (FYRM). The Article IV policy discussions focused on regaining a sustainable fiscal and external position, restarting economic growth and job...
Persistent link: https://www.econbiz.de/10005768473
Persistent link: https://www.econbiz.de/10005768543
2006. The Bulgarian National Bank (BNB) introduced successively tighter credit limits and enhanced prudential measures. The …
Persistent link: https://www.econbiz.de/10011245347
Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15.62 percent of quota is discussed. The SBA-supported program seeks to reduce increased external vulnerability and to achieve sustainable high growth through a tighter fiscal...
Persistent link: https://www.econbiz.de/10005591108
the program for 2005 envisages some fiscal easing, a slowdown in credit expansion, and reinvigorated structural reforms …
Persistent link: https://www.econbiz.de/10005599079
supply. Quarterly credit growth limits and higher penalties for exceeding them are expected to help ensure achievement of … highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit … this target. Measures to slow down household credit should additionally contribute to current account adjustment. …
Persistent link: https://www.econbiz.de/10011243474
credit expansion. In 2005, this boom helped to offset the drag on the economy from marked real currency appreciation, weaker …
Persistent link: https://www.econbiz.de/10011242814
rate back within the inflation target. Remittances have continued to grow strongly, and the balance of payments received … additional support in the second half of 2006 from weaker oil prices. Continued reforms are necessary to boost investment and …
Persistent link: https://www.econbiz.de/10011245629
This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Peru. The economy continued to perform well in 2004. Real GDP grew by 5.1 percent, inflation was 3.5 percent at end-December, and the fiscal deficit of the combined public sector narrowed to 1.1 percent of...
Persistent link: https://www.econbiz.de/10011244851