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This paper examines Albania’s 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Modification and Waiver of Performance Criterion. Economic growth appears to have fallen below a 7 percent...
Persistent link: https://www.econbiz.de/10005768602
This paper presents the staff report for the combined Liberia’s 2008 Article IV Consultation and the first review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. The international community is supporting the Liberian government’s efforts to reform...
Persistent link: https://www.econbiz.de/10011244653
Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct … reserves and reduce public debt. In 2011, the policy mix under the economic program supported by the Extended Fund Facility has … will focus on strengthening the financial sector and restructuring of state-owned financial institutions. …
Persistent link: https://www.econbiz.de/10011244044
The staff report for Albania’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility is presented. The economy has achieved robust noninflationary growth, albeit with increasing external imbalances, and has begun to tackle longstanding problems in...
Persistent link: https://www.econbiz.de/10011244950
This paper focuses on Peru’s Second Review Under the Stand-By Arrangement (SBA). Progress was made on structural reforms, but key reforms remain to be implemented, including the completion of tax reform and implementation of a fiscally neutral decentralization. Both are crucial to fiscal...
Persistent link: https://www.econbiz.de/10005598964
On the basis of the authorities’ record and actions, IMF staff supports the authorities’ request for waivers of two structural performance criteria and one quantitative performance criterion and completion of the sixth review. The authorities completed most of their ambitious...
Persistent link: https://www.econbiz.de/10011242863
This paper discusses Haiti’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries. Substantial advances have been made toward meeting the four triggers not fully implemented, and the authorities are committed to further progress in the near future. These triggers...
Persistent link: https://www.econbiz.de/10011244242
the adjusted primary balance. The continuous performance criterion on external payments arrears was missed by a small …
Persistent link: https://www.econbiz.de/10011243235
The objective for net foreign assets was discussed in this paper. Macroeconomic performance under the PRGF arrangement was broadly discussed. Several developments during the second half of 2005/2006 required the authorities to strengthen financial management controls and to make other policy...
Persistent link: https://www.econbiz.de/10011244675
This paper discusses Iraq’s request for Stand-By Arrangement for 15 months from December 2005 through March 2007, which they intend to treat as precautionary. The authorities’ policies have succeeded in promoting overall macroeconomic stability despite the extremely difficult...
Persistent link: https://www.econbiz.de/10005825026