Showing 1 - 10 of 88
This paper reviews the 2004 Semiannual IMF Staff Report Under Intensified Surveillance for Nigeria. Overall economic … performance in the first half of 2004 was commendable. The implementation of sound macroeconomic policies, underpinned by a … of 2004 is promising, the government faces the immediate challenge of persuading all states to continue to save the oil …
Persistent link: https://www.econbiz.de/10005825050
The Rwandan economy continued to grow strongly in 2011, and significant progress in poverty reduction has been achieved. The Fourth Review Under the Policy Support Instrument (PSI) highlights that the fiscal framework for 2012/13 is in line with the main objectives of the PSI, and the...
Persistent link: https://www.econbiz.de/10011242517
This Article IV Consultation reports that Switzerland’s exchange rate floor, seen as credible by the markets, has halted appreciation and helped shore up the economy. Once growth recovers and inflation reaches more comfortable levels, maintaining the exchange rate commitment risks stoking...
Persistent link: https://www.econbiz.de/10011242558
Armenia’s growth has picked up in 2011, led by manufacturing, mining, and services, while agriculture has rebounded from the collapse. Credit continues to grow rapidly, particularly in foreign currency and based on strong inflows to banks. Inflation has come down sharply, reflecting...
Persistent link: https://www.econbiz.de/10011242577
in 2006, although it remains one of the poorest countries in the world. This 2006 Article IV Consultation highlights that … real non-oil GDP growth turned positive in 2004–05 after contracting for two years. Macroeconomic stability was achieved …
Persistent link: https://www.econbiz.de/10011242609
Economic growth is estimated to have moderated further in 2010 to about 5 percent, reflecting slower growth in both the oil and non-oil sectors. The overall commitment fiscal deficit for 2010 is now estimated at 2.7 percent of GDP, about 0.6 percentage point of GDP below the program target....
Persistent link: https://www.econbiz.de/10011242630
This paper presents key findings of the Second Review for Grenada under the Poverty Reduction and Growth Facility (PRGF). Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth. Financial turmoil and the global...
Persistent link: https://www.econbiz.de/10011242658
This paper discusses a request from the Democratic Republic of São Tomé and Príncipe for a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The economic outlook for 2009 is broadly favorable, but subject to significant risks. The program spans a period including...
Persistent link: https://www.econbiz.de/10011242688
The Moldovan economy is recovering steadily following the recession triggered by the global crisis. The key challenge is to ensure fiscal, financial, and external sustainability while igniting new engines of growth. Monetary policy strikes the right balance between keeping inflation low and...
Persistent link: https://www.econbiz.de/10011242775
Greece’s deep recession has continued unabated, with the economy struggling to gain traction against domestic political instability and weak external conditions. Stronger internal devaluation is now under way, reflecting the interaction of labor market liberalization with the already weak...
Persistent link: https://www.econbiz.de/10011242799