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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...


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

by International Monetary Fund. Afri Dept.

KEY ISSUES Context. GDP growth was lower than expected in 2013 (an estimated 3.5 percent) but would increase to 4.9 percent in 2014 with a rebound in agriculture, mining, and industry. Inflation stood at 0.7...


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...


The EU Services Directive: Gains from Further Liberalization

by Emilio Fernández Corugedo & Esther Pérez Ruiz

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive,...


Rwanda: First Review Under the Policy Support Instrument-Staff Report; and Press Release

by International Monetary Fund. Afri Dept.

KEY ISSUES Main challenges: Rwanda continues to face the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imbalances. After using foreign exchange reserves...


Seychelles:Request for An Arrangement Under the Extended Fund Facility-Staff Report; Press Release; and Statement by the Executive Director for Seyche

by International Monetary Fund. Afri Dept.

This paper discusses Seychelles’ Request for an Arrangement Under the Extended Fund Facility (EFF). In the five years following the 2008 balance of payments and debt crisis, the authorities have successfully...


Pakistan:Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of

by International Monetary Fund. Midd Dept.

This Paper discusses Pakistan’s Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC).The economy is showing signs of improvement. The FY2013/14...


Cyprus: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Repor

by International Monetary Fund. Euro Dept.

EXECUTIVE SUMMARY Extended Arrangement: On May 15, 2013, the Executive Board approved a three-year Extended Arrangement under the Extended Fund Facility in the amount of SDR 891 million (563 percent of quota;...


Solomon Islands: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Staff Report; Press

by International Monetary Fund. Asia Dept

KEY ISSUES Recent Developments. After four years of consecutive growth, the unprecedented floods that hit Honiara in early April 2014 have undermined economic activity. The flash floods caused loss of life and...


United Arab Emirates: Selected Issues

by International Monetary Fund. Midd Dept.

The strong recovery in the real estate market in Dubai requires close monitoring and further measures to discourage speculative demand. The residential and hospitality segments have seen buoyant growth (although...


Republic of Moldova:2014 Article IV Consultation and First Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Execu

by International Monetary Fund. Euro Dept.

This paper focuses on Moldova’s 2014 Article IV Consultation and First Post-Program Monitoring Discussions. Moldova largely achieved the main objectives of the economic program supported by a combined Extended...


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...


Niger: Second and Third Reviews Under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and f

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Context: Niger’s economic performance suffered from the harmful effects of several exogenous shocks in 2013. Below average rainfall in the second half of the year, along with the deterioration...


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

by International Monetary Fund. Euro Dept.

This 2014 Article IV Consultation highlights that the economy of France fared better than most other large euro areas economies through the crisis, reflecting the resilience of private consumption, lack of financial...


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

by International Monetary Fund. Midd Dept.

KEY ISSUES Economic context. Economic growth has been solid, supported by tourism, hospitality, and a rebounding real estate sector. Rapid price increases in some segments of the real estate market have prompted...


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...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Outlook and Risks: Growth in Bhutan was robust during the last Five-Year Plan (2008/09 to 2012/13), driven by the development of the hydropower sector. However, growth has slowed recently due to policy...


Jamaica: 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Re

by International Monetary Fund. West Dept.

EXECUTIVE SUMMARY Addressing imbalances. For decades, Jamaica has been stuck in a negative spiral of low growth, high unemployment, high debt, and precarious fiscal finances. In an attempt to break with the...


France: 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: 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...