This paper presents Armenia's 2019 Article IV Consultation report and request for a Stand-By Arrangement (SBA). The arrangement is intended to be precautionary. It will provide insurance against external shocks and support the authorities' efforts to strengthen economic fundamentals and policy...

This paper discusses Afghanistan's Fifth Review under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria. The paper highlights that in the face of many headwinds, Afghanistan's government continues to demonstrate strong ownership of the program...

The wave of sovereign defaults in the early 1980s and the string of debt crises in the decades that followed have fostered proposals involving policy interventions in sovereign debt restructurings. A key question about these proposals that has proved hard to handle is how they in influence the...

Quotas are an essential component of the governance structure of the IMF. They define the influence member countries exert in the decision-making processes as well as their financial commitments and access to financing in case of need. - Quota reviews are becoming increasingly contentious and...

Quotas are an essential component of the governance structure of the IMF. They define the influence member countries exert in the decision-making processes as well as their financial commitments and access to financing in case of need. - Quota reviews are becoming increasingly contentious and...

This Country Program Evaluation (CPE) assesses the development effectiveness of the World Bank Group program in the Philippines between 2009 and 2018. The report provides input to the next Country Partnership Framework for the Philippines and may offer lessons for Bank Group country programs in...

This paper discusses Sri Lanka's Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Waiver of Nonobservance and Modification of Performance Criterion. The Sri Lankan economy is gradually recovering from the impact of the Easter Sunday terrorist attacks....

The main objectives of the present study were to investigate and analyze the movements of portfolio capital in Mexico, Argentina, and Thailand since 1989. In this research a review of all the research work about the financial impact in the rest of East Asia and Latin America. The contagion...