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Lebanon : Selected Issues

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...


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

by International Monetary Fund. Midd Dept.

KEY ISSUES Context: The economy is being severely tested by the Syria crisis. The refugee influx has reached one quarter of the population, fueling already high unemployment and poverty. The political impasse...


Real and Financial Vulnerabilities from Crossborder Banking Linkages

by Kyunghun Kim & Srobona Mitra

This paper looks at the vulnerabilities stemming from banking sector linkages between countries and their macroeconomic effects. It finds that credit risks (from a banking system's claims on other countries)...


Former Yugoslav Republic of Macedonia : 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...


United States: 2014 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. West Dept.

Focus. The 2014 Article IV Consultation focused on five broad themes to strengthen the recovery and improve the long-term outlook: raising productivity growth and labor force participation, confronting poverty,...


Zimbabwe: First and Second Reviews Under the Staff-Monitored Program-Staff Report; And Press Release

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Zimbabwe’s performance under the Staff-Monitored Program (SMP) has been broadly satisfactorily through the difficult electoral transition period, and the authorities have taken corrective...


Burkina Faso:Staff Report for 2014 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Requ

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Growth remains robust, despite slight downward revisions. Growth estimates for 2013 and projections for 2014 were revised to 6.6 and 6.8 percent, respectively, reflecting weather and weaker...


Cameroon: 2014 Article IV Consultation

by International Monetary Fund. Afri Dept.

KEY ISSUES Context. Cameroon’s macroeconomic outlook and risks have deteriorated slightly since the Article IV consultation in 2013. Economic activity has remained strong and inflation subdued, but the fiscal...


People's Republic of China-Hong Kong Special Administrative Region:Financial Sector Assessment Program-IOSCO Objectives and Principles of Securities R

by International Monetary Fund. Department

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...


Albania: First Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Staff Report; And Pre

by International Monetary Fund. Euro Dept.

KEY ISSUES Background: On February 28, the Executive Board approved a three-year Extended Arrangement with access of SDR 295.42 million (492.4 percent of quota). A purchase of SDR 23.55 million (about EUR 26.4...


Botswana:2014 Article IV Consultation-Staff Report; and Press Release

by International Monetary Fund. Afri Dept.

KEY ISSUES Setting: The seeds of good governance and prudent macroeconomic and natural resources management planted by the Botswana authorities paid off with an impressive increase in the GDP per capita during...


What is Behind Latin America's Declining Income Inequality?

by Evridiki Tsounta & Anayochukwu Osueke

Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the...


Sudan: Staff Monitored Program-Staff Report; Press Release; And Statement by the Executive Director for Sudan

by International Monetary Fund. Midd Dept.

EXECUTIVE SUMMARY Context: Sudan is a fragile state mired in a heavy debt burden, international sanctions, and volatile domestic and regional political environments. These problems, together with limited revenue...


Grenada: 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement-Staff Report; And Press Release

by International Monetary Fund. West Dept.

This 2014 Article IV Consultation highlights that Grenada’s economy continues to face significant headwinds after a decade of natural disasters and economic shocks coalesced into a deep economic crisis by...


Kingdom of Lesotho: 2014 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for the Kingdom of L

by International Monetary Fund. Afri Dept.

This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels....


Kyrgyz Republic: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility; Staff Report; And Press Release

by International Monetary Fund. Midd Dept.

This paper discusses Kyrgyz Republic’s Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility. Following exceptionally strong performance in 2013, growth is moderating to a more sustainable...


Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World

by Elva Bova & Nathalie Carcenac

This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries...


Iceland:Fourth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland

by International Monetary Fund. Euro Dept.

This paper discusses Iceland’s Fourth Post-Program Monitoring Discussions. Iceland’s economy has grown strongly on the back of booming tourism. Real GDP grew 3.3 percent in 2013, despite a drop in investment...


Uganda:Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; Press Release; and Statemen

by International Monetary Fund. Afri Dept.

This paper focuses on Uganda’s Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Economic performance of Uganda has been broadly favorable. Progress...


Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname

by Daniel Kanda & Mario Mansilla

This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then...