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Dominican Republic 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Dominican Republic
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Book Synopsis Dominican Republic: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominican Republic by : International Monetary
Download or read book Dominican Republic: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominican Republic written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-28 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pandemic interrupted a prolonged growth spell that made the Dominican Republic one of the most dynamic economies in the region amid strong growth, macroeconomic stability and improved social outcomes. This built resilience to the shock—including by maintaining access to markets—and allowed a decisive policy response to address the health emergency, support growth, and protect the vulnerable.
Download or read book Dominica written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Panama: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama by : International Monetary
Download or read book Panama: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-30 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs, which the IMF Executive Board approved on April 15, 2020. Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks, which was approved by the IMF Executive Board on January 19, 2021.
Book Synopsis El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador by : International Monetary
Download or read book El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador written by International Monetary and published by International Monetary Fund. This book was released on 2022-01-28 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 : Total Pages :78 pages Book Rating :4.4/5 (2 download)
Book Synopsis Dominica: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Dominica: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2022-02-14 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dominica has been hit hard by the Covid-19 pandemic, with an estimated decline in GDP of 11 percent in 2020 underpinned by a sharp reduction in tourism receipts that affected connected sectors and by lockdown measures to limit virus contagion. The output decline was contained by health spending, social transfers, and public investment resilient to natural disasters which increased significantly, leading to an increase in public debt to 106 percent of GDP despite record-high Citizenship-by-Investment (CBI) revenue. The financial sector remained stable and liquid, but vulnerability continue to be significant in the under-capitalized non-bank sector.
Book Synopsis Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand by : International Monetary
Download or read book Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-03 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.
Book Synopsis Dominican Republic by : Rodrigo Valdés
Download or read book Dominican Republic written by Rodrigo Valdés and published by . This book was released on 2010 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago by : International Monetary
Download or read book Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-10 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trinidad and Tobago faced unprecedented challenges in 2020–21. The combined effects of COVID-19 and energy production and price shocks pushed the economy further into recession. A decisive policy response helped contain the virus spread and protect lives and livelihoods. The fiscal position worsened due to significant tax revenues shortfalls, pushing public debt up. The vaccination pace accelerated recently, but vaccine hesitancy remains high, amid a potential new wave of infections.
Book Synopsis OECD Development Pathways Multi-dimensional Review of the Dominican Republic Towards Greater Well-being for All by : OECD
Download or read book OECD Development Pathways Multi-dimensional Review of the Dominican Republic Towards Greater Well-being for All written by OECD and published by OECD Publishing. This book was released on 2022-12-13 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dominican Republic has made strides on many socioeconomic fronts over the years. The country has been one of the leading economies in Latin America and the Caribbean in terms of GDP growth, reaching upper middle-income status in 2011.
Book Synopsis Arab Republic of Egypt: 2021 Article IV Consultation, Second Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt by : International Monetary
Download or read book Arab Republic of Egypt: 2021 Article IV Consultation, Second Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-22 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :117 pages Book Rating :4.4/5 (2 download)
Book Synopsis Dominican Republic by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Dominican Republic written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-06-22 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supported by sound policies and positive spillovers, the Dominican Republic has staged an impressive recovery from the pandemic, cementing its place as one of the most dynamic and resilient economies in the Western Hemisphere. The strong recovery began moderating at the end of 2022 in response to tighter global financial conditions, lower global demand, and policy accommodation withdrawal, helping ease inflationary pressures. The current account deficit widened in 2022 to 5.6 percent of GDP and was mostly financed by Foreign Direct Investment (FDI) flows, with the country maintaining sound market access. The financial sector appears well-capitalized, liquid, and profitable.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1484315650 Total Pages :69 pages Book Rating :4.4/5 (843 download)
Book Synopsis Dominican Republic by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Dominican Republic written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-08-16 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights the Dominican economy’s strong growth momentum over the past three years, which is now beginning to taper off toward potential. Growth has averaged 7 percent since 2014, outperforming most emerging market economies and all economies in the Americas, buoyed by domestic demand. Real GDP expanded by 6.6 percent in 2016. The economic outlook is favorable. Growth is expected to slow toward the potential rate of about 5 percent from 2017 onward, while the recent rise in fuel prices will push inflation to target and will widen the current account deficit moderately from 2017 onward. Risks around this baseline outlook are balanced.
Book Synopsis Malaysia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia by : International Monetary
Download or read book Malaysia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-28 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia’s economy is showing signs of a gradual yet steady recovery thanks to the authorities’ impressive vaccine rollout, swift and coordinated implementation of multi-pronged support measures. The recovery nevertheless remains uneven and the output gap sizeable, with significant downside risks. Going forward, the authorities should calibrate macroeconomic policies to the pace of the recovery, while preserving policy space given pandemic-related uncertainties, and simultaneously accelerate structural reforms.
Book Synopsis Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands by : International Monetary
Download or read book Republic of the Marshall Islands: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of the Marshall Islands written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-27 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued travel restrictions. Economic activity is expected to pick up in FY2022, as COVID-related restrictions will be relaxed gradually. The government is currently negotiating the renewal of Compact of Free Association (COFA) financial provisions with the United States, but terms remain uncertain. The government is considering to repeal the SOV Act and a bill on establishing a Digital Economic Zone was submitted to the Parliament recently.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1513570552 Total Pages :85 pages Book Rating :4.5/5 (135 download)
Book Synopsis Bosnia and Herzegovina by : International Monetary Fund. European Dept.
Download or read book Bosnia and Herzegovina written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2021-02-26 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pre-pandemic, Bosnia and Herzegovina’s (BiH) economy was growing, but at a pace below the more successful countries in Eastern Europe. The pandemic generated a substantial output contraction in 2020. Early in the pandemic, the authorities successfully implemented restrictions to prevent the spread of the virus and took measures to support firms and households. However, the ongoing second wave poses additional challenges. A gradual recovery is expected for the second half of 2021. Political disagreements about policy coordination at the BiH State level have hampered program implementation under the 2016 EFF arrangement and the deepening of the single economic space. The challenge is to deal with the pandemic and put the economy on a higher medium-term growth trajectory.
Book Synopsis Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize by : International Monetary
Download or read book Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-07 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels. The opposition People’s United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump start much needed reforms to reduce large imbalances and anchor strong and inclusive growth.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :108 pages Book Rating :4.4/5 (2 download)
Book Synopsis Maldives by : International Monetary Fund. Asia and Pacific Dept
Download or read book Maldives written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-11-11 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maldives is recovering after the historical 2020 fall in tourism, aided by a rapid COVID-19 vaccination program rollout. While the prompt and comprehensive policy approach in early 2020 was effective, a more prolonged pandemic and ambitious infrastructure projects are further weakening large pre-pandemic fiscal and external vulnerabilities.
