In the current environment of payments difficulties, a principal role of the Fund remains the encouragement and support of timely adjustment policies of member countries.

Experience with multilateral debt restructurings with official creditors and with international banks in the second half of the 1970s was described in External Indebtedness of Developing Countries, issued in 1981. The present paper reviews recent developments, covering the period through early...

Pour que les politiques de crédit adoptées dans le cadre de programmes financiers puissent donner de bons résultats, il faut que l'on puisse disposer, entre autres, d'une projection, établie avec un degré de précision raisonnable, du comportement de la vitesse de circulation-revenu de la...

By 2000, Ireland had achieved a remarkable macroeconomic performance producing 10% economic growth, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. By November 2010, economic growth was significantly...

This report to the Irish Minister for Finance by the Governor of the Central Bank describes the the performance of the respective functions of the Central Bank and Financial Regulator in the period 2003-8 in order to arrive at a fuller understanding of the root causes of the systemic failures...

Recognizing problems with its legacy information technology systems, the U.S. Internal Revenue Service (IRS) embarked on a modernization effort over a decade ago, with limited success. In 1998, the IRS embarked on a new approach and awarded a contract to the PRIME Alliance to assume the...