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Cameroon’s 2005 Article IV Consultation reports that tangible progress has been made in the health and education sectors, and a number of social indicators have improved significantly. The deterioration in fiscal performance and related weaknesses in fiscal management could, in the longer...
Persistent link: https://www.econbiz.de/10005825267
This paper examines the Republic of Lithuania’s 2001 Article IV Consultation and First Review Under the Stand-By Arrangement. The macroeconomic objectives for 2001 are expected to be largely attained and all end-September performance criteria and structural benchmarks were met. The...
Persistent link: https://www.econbiz.de/10005825470
-oil revenue and improving expenditure monitoring and control are critical to strengthening the fiscal position. Structural …
Persistent link: https://www.econbiz.de/10005825256
increasing expenditure profile during the economic boom. It describes the basic rationale for fiscal rules, different types of …
Persistent link: https://www.econbiz.de/10005591415
The continued decline in oil production and the absence of sustained adjustment policies have contributed to Gabon's uneven economic performance over the past three years. To strengthen further the track record before discussing a possible IMF-supported program, a staff-monitored program has...
Persistent link: https://www.econbiz.de/10005591233
Italy’s economic development after the recession is analyzed in this study. Earnings were hampered by low net interest and high loan-loss provisions, but banks remained profitable. A large and stable retail funding base and ample collateral to access eurosystem refinancing helped Italian...
Persistent link: https://www.econbiz.de/10011243327
This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is … argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade … illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the …
Persistent link: https://www.econbiz.de/10005826284
This paper presents Portugal’s third review under the extended arrangement and request for waiver of applicability of end-March performance criteria. The government has initiated labor market reforms, privatizations, telecom sector liberalization, and improved competition framework....
Persistent link: https://www.econbiz.de/10011245680
This paper discusses key findings of the Second Review Under the Staff Monitored Program (SMP) for Mauritania. Mauritania’s performance since the beginning of 2006 has been fully satisfactory. All quantitative targets and structural benchmarks under the SMP that covered the first six...
Persistent link: https://www.econbiz.de/10011242994
The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings, low private indebtedness, and a resilient financial system. Executive Directors decided that the public sector wage bill should remain a key element of the consolidation...
Persistent link: https://www.econbiz.de/10011244911