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Mali: Poverty Reduction Strategy Paper-Progress Report

by International Monetary Fund. Afri 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...


The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It

by Ian Goldin & Mike Mariathasan

Global hyperconnectivity and increased system integration have led to vast benefits, including worldwide growth in incomes, education, innovation, and technology. But rapid globalization has also created concerns...


Trade Policy in Asia: Higher Education and Media Services

by Christopher Findlay, Hildegunn Kyvik Nordas & Gloria Pasadilla

Education and media services have much in common. Both provide services that embody local cultures, in which there is extensive public sector participation and significant domestic regulation. At the same time,...


The Tax-adjusted Q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives

by Sophia Chen & Estelle Dauchy

We propose a tax-adjusted q model with physical and intangible assets and estimate it with a self-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and...


Côte d'Ivoire: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Modification of Performance Criteria

by International Monetary Fund. Afri Dept.

KEY ISSUES Background: Progress toward political reconciliation and restoring social cohesion continues. But the road remains long and bumpy. Growth performance was impressive in 2013, and is projected to remain...


Ukraine: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-by Arrangement

by International Monetary Fund. Euro 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...


Republic of Azerbaijan: 2014 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. Midd Dept.

KEY ISSUES Context Economic activity accelerated in 2013 as oil output stabilized while non-oil growth continued at close to 10 percent. Inflation remained low and the external position strengthened further....


Greece: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waiver of Nonobservance of Performance Criterion

by International Monetary Fund. Euro Dept.

EXECUTIVE SUMMARY Extended Arrangement. On March 15, 2012, the Executive Board approved a four-year arrangement in the amount of SDR 23.79 billion (2,159 percent of quota; €28 billion). Purchases totaling...


Botswana: Technical Assistance Report-Introducing a Medium-Term Expenditure Framework

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY The Government of Botswana has committed to introduce a Medium-Term Expenditure Framework (MTEF) by 2016. The MTEF will provide a more explicit linkage between National Development Plan (NDP)...


Jordan: 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Cri

by International Monetary Fund. Midd Dept.

Jordan is grappling with strong headwinds. It is facing a political transition even while the Syria crisis is stretching Jordan’s social fabrics. At the same time, gas inflows from Egypt continue to fluctuate,...


Hungary: Selected Issues

by International Monetary Fund. Euro 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...


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

by International Monetary Fund. Euro Dept.

KEY ISSUES Context. The economy is recovering gradually, helped by supportive macroeconomic policies, favorable external conditions, and improved market confidence. This, together with a welcome reduction in...


Benin: Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY This last review of Benin's ECF arrangement confirms the improved growth performance during the program. Real GDP growth is expected to reach about 5½ percent in 2014 for the third consecutive...


Understanding Globalization: A Multi-Dimensional Approach

by Kavous Ardalan

This book discusses eight dimensions of globalization from the perspective of four diverse sociological paradigms. Kavous Ardalan argues that social theory can usefully be conceived in terms of these four key...


Consumer Behavior in Asia: Issues and Marketing Practice

by Erdener Kaynak & Tsang-Sing Chan

Understand the Asian consumer's demands and effective marketing strategies! The emergence of China as a viable consumer market has created tremendous opportunities for international or multinational firms looking...


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

by International Monetary Fund. Afri Dept.

KEY ISSUES Short-term vulnerabilities have risen significantly amid high fiscal and current account deficits. The international reserve position has weakened alongside mounting public debt. High interest rates...


Republic of Mozambique: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria; Staff Report; D

by International Monetary Fund. Afri Dept.

KEY ISSUES Context and outlook. Mozambique’s macroeconomic outlook remains favorable and the PSI-supported program is broadly on track—all end-2013 assessment criteria were met and the structural reform...


Mali: Technical Assistance Report-Audit of the Expenditure Chain

by International Monetary Fund. Fisc Dept.

PREFACE In response to a request from the Minister of Economy and Finance, an IMF Fiscal Affairs Department mission visited Bamako from January 7 to 21, 2014 in order to: (1) describe the expenditure chain by...


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

by International Monetary Fund. Euro Dept.

KEY ISSUES Finland’s record of strong economic growth has stalled with the economy in recession for three out of the last five years, largely because of domestic structural weaknesses and a challenging external...


Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter?

by Jean-Louis Combes & Xavier Debrun

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main...