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We Do Know How: A Buyer-Led Approach to Creating Jobs for the Poor

by James T. Riordan

This book by a practitioner (not an academic, a government official, or a pundit) has been written for practitioners and offers fresh thinking on how to do international development work. It combines that thinking...


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

by International Monetary Fund. Afri Dept.

KEY ISSUES Economic context. Growth has been strong, inflation low, and fiscal buffers and international reserves adequate. However, poverty and unemployment remain high, despite large government spending financed...


Republic of Congo: Selected Issues

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...


Norway: 2014 Article IV Consultation: Staff Report; Staff Supplement; Press Release; And Statement by the Executive Director f

by International Monetary Fund. Euro Dept.

A conservative minority government took office in October 2013, ending eight years of Labor party-led governments. No major policy shift has taken place so far, but the government’s economic policy platform...


Norway: Selected Issues Paper

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...


St. Vincent and the Grenadines: 2012 Article IV Consultation

by International Monetary Fund. West Dept.

KEY ISSUES Background: Activity is slowly recovering after a cumulative decline of about 5 percent during 2008–10. Expansionary fiscal policies—largely to counteract the impact of the global slowdown and...


Pacific Island Countries: In Search of a Trade Strategy

by Hong Chen & Lanieta Rauqeuqe

International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size...


Georgia: Request for a Stand-By Arrangement; Press Release; And Statement for the Executive Director for Georgia

by International Monetary Fund. Midd Dept.

KEY ISSUES Context. Georgia’s previous Fund-supported program, which expired in April 2014, met most of its objectives, in particular by reducing Georgia’s external and fiscal imbalances. The program also...


After the Boom-Commodity Prices and Economic Growth in Latin America and the Caribbean

by Bertrand Gruss

After skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011—and most projections suggest they are not likely to resume the upward trend observed in the last...


Global Imbalances and External Adjustment after the Crisis

by Philip R. Lane & Gian-Maria Milesi-Ferretti

This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow” and “stock” imbalances), with a special focus on the shifting position of Latin America in the global...


Credit Quality in Developing Economies : Remittances to the Rescue?

by Christian Ebeke & Boileau Loko

This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing countries. Theoretical transmission channels include risk coping, exchange rate and growth...


Capital Flow Deflection

by Paolo Giordani & Michele Ruta

This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international...


Guinea : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report; Press Releas

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Economic activity remained weak in early 2014. Activity was impacted by an outbreak of the Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Context: Tonga’s economy is rebounding, partially owing to a recovery in agricultural exports. The outlook for tourism is also improving. The reconstruction from a recent cyclone is expected to...


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

by International Monetary Fund. Midd Dept.

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and external...


Morocco : Request for An Arrangement Under the Precautionary and Liquidity Line and Cancellation of the Current Arrangement-Staff Report; Press Releas

by International Monetary Fund. Midd Dept.

EXECUTIVE SUMMARY Morocco’s economic track record was challenged in recent years by a series of exogenous shocks, to which the authorities responded vigorously. Facing a difficult international environment,...


Japan's Corporate Income Tax : Facts, Issues and Reform Options

by Ruud A. de Mooij & Ikuo Saito

This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Abenomics is gaining traction, but progress across the three arrows has been uneven and medium-term risks remain substantial. Inflation has risen, a consumption tax increase has been implemented,...


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...