Showing 1 - 10 of 187
This paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing … inflows helped low-income countries cope with the oil price shock. Preliminary data suggest that reductions in oil import … demand for IMF assistance may reflect broader trends, but further oil price increases could put pressure on additional …
Persistent link: https://www.econbiz.de/10005769052
This study focused on the macroeconomic framework, food security needs, implementation of priority investment projects, and domestic petroleum pricing policy. The new fiscal program contains a number of new measures, and it is a precise policy for domestic petroleum pricing. The execution of the...
Persistent link: https://www.econbiz.de/10011243728
This Selected Issues paper reviews trends in GDP and their impact on poverty reduction in Ghana. It highlights structural constraints that are believed to have affected output growth, along with potential sources of increases in output in future years. The paper analyzes trends in the main...
Persistent link: https://www.econbiz.de/10005591318
This paper provides a brief and selective overview of research on the links between macroeconomic policies and poverty reduction. Using the Human Development Index as a measure of well-being, the progress made by 100 countries during 1975–98 is presented, and its association with macroeconomic...
Persistent link: https://www.econbiz.de/10005604850
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
This paper discusses the Staff-Monitored Program (SMP) for Guinea. Agreement in principle was reached on the SMP from April 2005 to March 2006. The program would support the authorities’ efforts in restoring macroeconomic stability and establish a track record of policy implementation to...
Persistent link: https://www.econbiz.de/10005824944
Honduras’s Third Review under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are discussed. The current stance of monetary and exchange rate policies are broadly appropriate, and financial sector reforms are proceeding. Progress...
Persistent link: https://www.econbiz.de/10005824978