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Regional Economic Outlook, April 2019, Sub-Saharan Africa

Recovery Amid Elevated Uncertainty

The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018.

Brazil

Boom, Bust, and Road to Recovery

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom.

Chapter 15. Relieving Constraints on the Business Environment and Supporting Foreign Direct Investment

Chapter 15. Relieving Constraints on the Business Environment and Supporting Foreign Direct Investment »

Source: Race to the Next Income Frontier : How Senegal and Other Low-Income Countries Can Reach the Finish Line

Series: Books

Author(s): Ali Mansoor , Salifou Issoufou , and Daouda Sembene

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2018

ISBN: 9781484303139

Keywords: Debt sustainability, Economic growth, Economic reforms, Poverty reduction, Senegal, Gross domestric product growth, Inclusive growth, Output growth, Plan Senegal Emergent, growth rate

Introduction A country’s business environment may be defined as the set of political, legal, institutional, and regulatory conditions governing corporate activities. It is a subset o...

Conduct of Monetary Policy with Financial Stability Issues and a Challenging Environment: The Case of Serbia

Conduct of Monetary Policy with Financial Stability Issues and a Challenging Environment: The Case of Serbia »

Source: Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments

Series: Seminar Volumes

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2017

ISBN: 9789928445391

1. Introduction I will cover the conduct of monetary policy in Serbia, with regard to our main financial stability concerns. First, I will explain the inflation targeting...

FX Reserve Management in a Negative Interest Rates Environment: The Macedonian Experience

FX Reserve Management in a Negative Interest Rates Environment: The Macedonian Experience »

Source: Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments

Series: Seminar Volumes

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2017

ISBN: 9789928445391

First of all, I would like to thank the organizers, the Bank of Albania, the International Monetary Fund, and the Swiss Government for giving me the opportunity to represent the National Bank of the Republic...

Non-standard Monetary Policy in a Low Interest Rate Environment

Non-standard Monetary Policy in a Low Interest Rate Environment »

Source: Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments

Series: Seminar Volumes

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2017

ISBN: 9789928445391

Thank you very much for the opportunity to talk about the Hungarian experience. It comes with the usual disclaimer about the views expressed here. Let’s phrase it in the way that I am analyzing and advising...

Chapter 7. Energy Subsidies and Public Social Spending: Theory and Evidence

Chapter 7. Energy Subsidies and Public Social Spending: Theory and Evidence »

Source: Fiscal Politics

Series: Books

Author(s): Vitor Gaspar , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475547900

Keywords: Fiscal Policy, Budgets, Politics, Political Economy, Elections, Institutions, Parties

Introduction Many studies have stressed the fiscal cost and environmental impact of energy subsidies (see, for example, IEA 2011; IMF 2013a; Parry and others 2014; and World Bank 201...

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific »

Source: Resilience and Growth in the Small States of the Pacific

Series: Books

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

The Pacific island countries (PICs) are among the most susceptible to natural disasters in the world. The combination of location and small size heightens their vulnerability to earthquakes and weather-relat...

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model*

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model* »

Source: Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model

Volume/Issue: 2014/50

Series: IMF Working Papers

Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

ISBN: 9781475515459

Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries
			: the DIGNAR Model

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model »

Volume/Issue: 2014/50

Series: IMF Working Papers

Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

DOI: http://dx.doi.org/10.5089/9781475515459.001

ISBN: 9781475515459

Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...

Energy Subsidy Reform
			: Lessons and Implications

Energy Subsidy Reform : Lessons and Implications »

Series: Books

Author(s): Benedict Clements , David Coady , Stefania Fabrizio , Sanjeev Gupta , Trevor Alleyne , and Carlo Sdralevich

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2013

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781484389928.071

ISBN: 9781484389928

Keywords: energy subsidy, subsidy, energy

Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment,...

Appendix 1. Reforming Energy Subsidies

Appendix 1. Reforming Energy Subsidies »

Source: Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

Energy subsidies are high in many emerging market economies and low-income countries because of limited pass-through of recent increases in international energy prices to domestic c...