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Results 1-10 of 1132 (Search time: 0.002 seconds).
Hungary : Fifth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criterion
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This paper discusses key findings of the Fifth Review Under the Stand-By Arrangement for Hungary. All end-December 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, and the indicative target on central government debt were met. The structural benchmarks on government lending to banks, passage by parliament of amendments strengthening the remedial powers of the Hungarian Financial Supervisory Authority (HFSA), and submission of amendments strengthening the bank resolution framework were also met. Further strengthening of polic...
Hungary : Fifth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criterion
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This paper discusses key findings of the Fifth Review Under the Stand-By Arrangement for Hungary. All end-December 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, and the indicative target on central government debt were met. The structural benchmarks on government lending to banks, passage by parliament of amendments strengthening the remedial powers of the Hungarian Financial Supervisory Authority (HFSA), and submission of amendments strengthening the bank resolution framework were also met. Further strengthening of polic...
Morocco : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Book/Monograph, Created By International Monetary Fund in ENGLISH language
Morocco s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given the country greater room to maneuver in its policy response. The direct impact of the global crisis on Morocco has been limited, primarily affecting Morocco through real channels. Exports, tourism receipts, remittances, and foreign direct investment (FDI) have all declined primarily owing to the slowdown in Europe. In particular, Morocco has low public debt and low inflation, and the financial system is sound, with little exposure to internat...
Mongolia : 2009 Article IV Consultation, Third Review Under Stand-by Arrangement, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia.
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This 2009 Article IV Consultation highlights that the global economic crisis and collapse in copper prices in 2008 hit the Mongolian economy hard. The loose macropolicies and tightly managed exchange rate pursued during the preceding boom years had made the economy particularly vulnerable, and the situation deteriorated markedly in early 2009. The authorities are making progress toward restoring health to public finances. Executive Directors have supported the authorities policy priorities to restore health to public finances, rebuild international reserves while maintaining ...
Mongolia : 2009 Article IV Consultation, Third Review Under Stand-by Arrangement, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia.
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This 2009 Article IV Consultation highlights that the global economic crisis and collapse in copper prices in 2008 hit the Mongolian economy hard. The loose macropolicies and tightly managed exchange rate pursued during the preceding boom years had made the economy particularly vulnerable, and the situation deteriorated markedly in early 2009. The authorities are making progress toward restoring health to public finances. Executive Directors have supported the authorities policy priorities to restore health to public finances, rebuild international reserves while maintaining ...
Romania : Second and Third Reviews under the Stand-By Arrangement, Request Rephasing and Waiver of Nonobservance of Performance Criterion; Statement by the IMF Staff Representative; and Press Release on the Executive Board Discussion.
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This paper discusses key findings of the Second and Third Reviews under the Stand-By Arrangement for Romania. Most end-December 2009 quantitative performance criteria were met. The ceiling on the accumulation of domestic arrears at end-September was missed, and preliminary data suggest the end-December target was also missed. The end-2009 inflation rate was slightly higher than the central bank target, but remained well within the inner band of the inflation consultation mechanism. The authorities have agreed to reschedule the benchmark for end-June 2010. IMF staff s...
Republic of the Marshall Islands : 2009 Article IV Consultation: Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Republic of Marshall islands on the Executive Board Discussion.
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This 2009 Article IV Consultation highlights that the economy of the Marshall Islands is on a path to recovery. A gradual expansion with growth reaching 0.5 percent in 2010 is supported by further growth in the fish processing industry and additional foreign grant assistance. Rising prices could stoke inflation and stifle domestic demand. Executive Directors have encouraged the authorities to continue to strengthen the statistical base, especially the coverage and timeliness of fiscal and balance of payments data, in order to improve policy analysis and decision...
Republic of the Marshall Islands : 2009 Article IV Consultation: Staff Report; a Public Information Notice; and a Statement by the Executive Director of the Republic of Marshall islands on the Executive Board Discussion.
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This 2009 Article IV Consultation highlights that the economy of the Marshall Islands is on a path to recovery. A gradual expansion with growth reaching 0.5 percent in 2010 is supported by further growth in the fish processing industry and additional foreign grant assistance. Rising prices could stoke inflation and stifle domestic demand. Executive Directors have encouraged the authorities to continue to strengthen the statistical base, especially the coverage and timeliness of fiscal and balance of payments data, in order to improve policy analysis and decision...
Uruguay : 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This 2009 Article IV Consultation highlights that the Uruguayan economy has held up considerably well in the face of the global recession. The impact of the crisis appears to have been relatively short lived. Private consumption and investment decelerated while the unemployment rate rose only little and temporarily. The policy response to the crisis has sought to balance different risks. Executive Directors have welcomed the achievement of single-digit inflation over the last several years, while noting that inflation remains relatively high.
Togo : Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility
Book/Monograph, Created By International Monetary Fund in ENGLISH language
This paper discusses key findings of the Third Review Under the Poverty Reduction and Growth Facility (PRGF) for Togo. The PRGF-supported program remains on track despite the shocks. All quantitative and structural performance criteria through end-June 2009 were met. All targets for implementation of structural reforms were fulfilled through end-June; delays have developed for the second half of 2009 primarily owing to capacity constraints. The authorities have committed to completing key reforms in 2010 to strengthen public finances, restructure the banking system, and a...