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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...


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...


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...


Ireland: Report on Observance of Standards and Codes (Rosc)

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...


Republic of Estonia: Technical Assistance Report-Revenue Administration Gap Analysis Program-The Value-Added Tax Gap

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY This report presents the results of applying the Revenue Administration Gap Analysis Program VAT gap estimation methodology to Estonia for the period 2007–12. The methodology employs a top-down...


Finland: 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...


Ireland: Detailed Assessment of Observance of Iosco Objectives and Principles of Securities Regulation

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...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Kiribati’s key economic challenges are to reduce large structural fiscal imbalances and increase growth and employment opportunities, while facing obstacles posed by remoteness, lack of scale, vulnerabilities...


Israel: Technical Assistance Report-Reviewing the Fiscal Regime for Mining

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY This report is provided to support the work of the ‘Sheshinski II’ committee in reviewing the fiscal regime for mining. Mining is, and will remain, relatively minor both as a source of...


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

by International Monetary Fund. Euro Dept.

KEY ISSUES Reviving Growth. Croatia remains stuck in an unusually drawn out recession, with real GDP contracting for the 5th consecutive year in 2013. Domestic demand is depressed as corporations and households...


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...


United Republic of Tanzania: 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...


Central Bank Financial Strength in Central America and the Dominican Republic

by Andrew Swiston & Florencia Frantischek

This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions...


Fiscal Adjustment and Income Inequality: Sub-National Evidence from Brazil

by João Pedro Azevedo & Antonio David

We combine state-level fiscal data with household survey data to assess the links between sub-national fiscal policy and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter...


Development of the Renminbi Market in Hong Kong Sar: Assessing Onshore-Offshore Market Integration

by R. Sean Craig & Changchun Hua

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this...


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...


Romania: Seventh and Eighth Reviews Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Staff

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...


El Salvador: 2013 Article IV Consultation

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...


Brazil: Technical Note on Consumer Credit Growth and Household Financial Stress

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...