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Union of the Comoros:2014 Article IV Consultation-Staff Report, Press Release and Statement by the Executive Director for the Union of the Comoros

by International Monetary Fund. Afri Dept.

KEY ISSUES • The Comorian economy continues to grow although at a slightly slower pace. Economic growth in 2014 is projected at 3.3 percent, adversely affected by electricity disruptions and slower-than-expected...


Energy Subsidies in Latin America and the Caribbean:Stocktaking and Policy Challenges

by Gabriel Di Bella & Lawrence Norton

The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean—about 1.8 percent of...


Islamic Republic of Mauritania:Selected Issues Paper

by International Monetary Fund. Midd Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Islamic Republic of Mauritania:2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Islamic Republ

by International Monetary Fund. Midd Dept.

KEY ISSUES Context. Mauritania’s economy has benefited from macroeconomic stability and high growth in the context of contained inflation, responsible macro-policies, high iron ore prices and scaled-up public...


Expenditure Rules:Effective Tools for Sound Fiscal Policy?

by Till Cordes & Tidiane Kinda

This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure...


Asset Bubbles:Re-thinking Policy for the Age of Asset Management

by Bradley Jones

In distilling a vast literature spanning the rational— irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more...


Arab Republic of Egypt:2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Arab Republic of Egypt

by International Monetary Fund. Midd Dept.

KEY ISSUES The 2014 Article IV consultation takes place when the authorities have started to address longstanding economic challenges. For a number of years Egypt has suffered from low and non-inclusive growth...


Employment Impacts of Upstream Oil and Gas Investment in the United States

by Mark Agerton & Peter Hartley

Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however,...


Harnessing Resource Wealth for Inclusive Growth in Fragile States

by Corinne Delechat & Will Clark

Like other fragile sub-Saharan African countries, Côte d’Ivoire, Guinea, Liberia, and Sierra Leone are seeking to harness their natural resource potential in the context of ambitious development strategies....


A Strategy for Developing a Market for Nonperforming Loans in Italy

by Nadège Jassaud & Kenneth Kang

Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The...


Kenya: Request for Stand-by Arrangement and an Arrangement Under the Standby Credit Facility:Staff Report; Press Release; Statement by the Executive D

by International Monetary Fund. Afri Dept.

Following the approval of a new constitution in 2010, the authorities have embarked on important reforms including fiscal devolution, VAT reform, and the overhaul of the expenditure management framework. Supported...


Mozambique:Fiscal Transparency Evaluation

by International Monetary Fund. Fisc Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Angola: Technical Assistant Report - Angola:Fuel Price Subsidy Reform the Way Forward

by International Monetary Fund. Fisc Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Costa Rica: 2014 Article IV Consultation:Staff Report; Press Release; Staff Statement; and Statement by the Executive Director for Costa Rica

by International Monetary Fund. West Dept.

The economy recovered quickly from the global crisis of 2008–09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains...


Costa Rica:Selected Issues and Analytical Notes

by International Monetary Fund. West Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Antigua and Barbuda:Public Expenditure and Financial Accountability (PEFA) Performance Assessment

by International Monetary Fund. Fisc Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Montenegro:2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Montenegro

by International Monetary Fund. Euro Dept.

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy:...


The Destruction of the Soviet Economic System: An Insider's History: An Insider's History

by Michael Ellman & Vladimir Kontorovich

The inside story of the political collpase of the Soviet Union is far better understood than the course of economic and social disintegration. In order to capture the story, the editors compiled a list of questions...


The Blood Bankers: Tales from the Global Underground Economy

by James S. Henry & Bill Bradley

Like tentacles on a vast octopus, the firsthand investigations in The Blood Bankers all lead to one core. A financial detective of sorts, investigative journalist Jim Henry analyzes a range of scandals, including...


Currency Politics: The Political Economy of Exchange Rate Policy

by Jeffry A. Frieden

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to...