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Indonesia 2022 Article Iv Consultation Press Release Staff Report Staff Statement And Statement By The Executive Director For Indonesia
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Book Synopsis Indonesia: 2022 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Indonesia by : International Monetary
Download or read book Indonesia: 2022 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Indonesia written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-22 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: As elsewhere, the COVID-19 pandemic has led to tragic loss of life and triggered a major economic downturn in Indonesia. The authorities have responded with a bold and comprehensive policy package that has successfully maintained economic and financial stability. With the recovery underway, they have begun to withdraw the exceptional support measures. Nevertheless, the pandemic has caused scarring and reinforced the need to tackle longstanding structural challenges.
Download or read book Indonesia written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :104 pages Book Rating :4.4/5 (2 download)
Book Synopsis Indonesia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Indonesia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-06-25 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outlook and risks. The Indonesian economy performed strongly in 2022, driven by a recovery in domestic demand and solid export performance. Growth is projected to moderate slightly in 2023 amid tighter domestic policy settings and the normalization of commodity prices, while inflationary pressures are expected to subside, with inflation falling within BI’s headline inflation target band in the second half of 2023. Risks are balanced, but a highly uncertain global economic environment continues to cloud the outlook. Continued high inflation and growth slowdown in major economies, lower commodity prices, and heightened volatility in global financial markets constitute key near-term risks.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1513570854 Total Pages :86 pages Book Rating :4.5/5 (135 download)
Book Synopsis Indonesia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Indonesia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2021-03-02 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia has responded with a bold and comprehensive policy package to cushion the impact of the COVID-19 pandemic. The economy rebounded in the third quarter of 2020, and the economic recovery is projected to strengthen in 2021 and 2022. Strong policy support and an improving global economy will be the main drivers initially, and greater mobility and confidence will follow with the planned vaccination program in 2021. The uncertainty surrounding the growth outlook is larger than usual. Early completion of a widespread vaccination program is an upside risk, while a protracted pandemic remains a downside risk. The macro-financial fallout of the pandemic and economic downturn could be larger than expected, and credit conditions could be slow to improve. Ongoing reforms aimed at promoting investment are expected to help mitigate the scarring effects from the pandemic and put the economy on a sustained growth path that builds on Indonesia’s favorable demographics.
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 Key Challenges Faced by Fossil Fuel Exporters During the Energy Transition by : Diego Mesa Puyo
Download or read book Key Challenges Faced by Fossil Fuel Exporters During the Energy Transition written by Diego Mesa Puyo and published by International Monetary Fund. This book was released on 2024-03-27 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global energy transition is affecting fossil fuel exporters from multiple angles. It is adding to longstanding uncertainties on relative movements of fossil fuel demand and supply—which impact fossil fuel-related exports, fiscal flows, investment and subsequently external and fiscal accounts, economic growth, and employment. While policymakers are very familiar with these challenges, they now also face expectations of a permanent decline in the long-run global demand for fossil fuels. Key factors that could determine country-level impacts include (i) the type of fossil fuel a country exports (ii) extraction costs and (iii) country characteristics. The monitoring and mitigation of fiscal risks will need to be stepped up. Fiscal policy also has a role in reducing domestic emissions, encouraging adoption of low-carbon technologies, and helping those most vulnerable to changes from the transition. Broader macroeconomic risks can be reduced by accelerating ongoing structural reforms that support alternative engines of growth. Low- or zero-carbon emission energy industries could offer new avenues that build on existing fossil fuel knowledge and infrastructure. Concurrently, improved financial regulation and supervision could reduce financial sector exposures. Finally, international coordination on the design and implementation of climate policy as well as international transfer schemes (financing and capacity development) could reduce uncertainties surrounding the transition path and associated adverse economic consequences.
Download or read book Indonesia written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Keeping Indonesia Safe from the COVID-19 Pandemic by : Sri Mulyani Indrawati
Download or read book Keeping Indonesia Safe from the COVID-19 Pandemic written by Sri Mulyani Indrawati and published by ISEAS-Yusof Ishak Institute. This book was released on 2022-11-07 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book elaborates on how Indonesia handles the COVID-19 pandemic and its subsequent effects on the economy, political economy and social life during 2020–21. The book is written jointly by policymakers who are involved in the design of the National Economic Recovery Programme and scholars who closely monitor and evaluate the policy responses undertaken during these hard times. The book presented analyses based on studies undertaken in-house at the Ministry of Finance and in collaboration with other independent and reputable institutions. In its process of drafting, chapters in this book benefited from peer expert reviews. This book is a contribution from us as lessons learnt from encountering global pandemic impacts, for now and the future.
Book Synopsis Revenue Statistics in Asia and the Pacific 2024 Tax Revenue Buoyancy in Asia by : OECD
Download or read book Revenue Statistics in Asia and the Pacific 2024 Tax Revenue Buoyancy in Asia written by OECD and published by OECD Publishing. This book was released on 2024-06-25 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication compiles comparable tax revenue statistics for 36 economies. Additionally, it provides information on non-tax revenues for 22 of the 36 economies. This eleventh edition of the report includes a special feature on tax revenue buoyancy in Asia.
Book Synopsis Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece by : International Monetary
Download or read book Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery. Reforms progressed in several areas, including digitalization, privatization, improving the fiscal policy mix, and bank balance sheet repair. Greece finalized its early repayment to the IMF on April 4 and is expected to graduate from the quarterly European Institutions’ Enhanced Surveillance framework on schedule by August 2022. Despite the adverse impact of the war in Ukraine, growth is projected to remain robust at 3.5 percent this year. High energy prices are expected to push up average inflation to 6.1 percent. Public debt is on a downward trajectory and rollover risks appear manageable. The external position last year was moderately weaker than that consistent with fundamentals and desirable policies.
Book Synopsis Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru by : International Monetary
Download or read book Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-11 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: After being hit very hard by the pandemic in 2020, both in terms of health and economic outcomes, Peru experienced an equally strong economic rebound in 2021. A new administration was inaugurated in July 2021 with a program focused on reducing inequality and improving social conditions, but limited support from Congress and lack of cohesion heightened political uncertainty. While real GDP surpassed its pre-pandemic level by 2021, labor force participation and total employment have not fully recovered yet. Poverty increased significantly in 2020 and, despite some improvement in 2021, remains higher than in 2019. On May 27, 2021, the IMF Executive Board completed the mid-term review of Peru’s continued qualification under the Flexible Credit Line (FCL) arrangement.
Book Synopsis Colombia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Colombia by : International Monetary
Download or read book Colombia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Colombia written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-04 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colombia’s economy rebounded strongly in 2021 with 10.6 percent growth led by pent-up domestic demand, notably private consumption. Around 66 percent of the population is fully vaccinated against Covid-19 as of end-February and the economy continues to reopen more fully. While GDP has already reached pre-pandemic levels, employment has trailed in its recovery and macroeconomic imbalances have emerged. Amid strong demand, supply constraints, and rising commodity prices, rising inflation exceeded the upper limit of the central bank’s tolerance range in 2021. With demand-led growth and higher import prices, the current account deficit widened to 53⁄4 percent of GDP. Under staff’s assumptions for the evolution of the pandemic, above-potential growth around 51⁄2 percent is expected in 2022, led by robust household consumption and a continued recovery of investment and exports. External vulnerabilities remain elevated with high external financing needs and tighter financial conditions. External risks remain elevated and an intensification of the ongoing conflict in Ukraine may impart considerable volatility in financial and commodity markets. Domestic risks are also tilted to the downside—including uncertainty around the evolution of the pandemic, political uncertainty with national elections this year, and slower implementation of the infrastructure agenda and peace accords.
Book Synopsis Japan: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan by : International Monetary
Download or read book Japan: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-06 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pre-COVID-19, economic policies under “Abenomics” helped ease financial conditions, exit deflation, and raise labor market participation, but fell short on the deep reforms needed to raise productivity and achieve inclusive and sustainable growth. The Japanese economy is now recovering from the pandemic amid strong policy support that has helped to mitigate the downturn. Japan had substantially lower rates of COVID-related infections and deaths than most advanced economies.
Book Synopsis Nigeria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement, and Statement by the Executive Director for Nigeria by : International Monetary
Download or read book Nigeria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement, and Statement by the Executive Director for Nigeria written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-09 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy is recovering from a historic downturn thanks to policy support, rebounding oil prices and international financial assistance. Benefiting from the authorities’ pro-active approach, COVID-19 infection rates and fatalities have been contained. With higher oil prices and the country entering into the 2023 Presidential election cycle, there are risks of delays in much needed fiscal and exchange rate reforms. Macroeconomic and structural policies should build confidence and ensure a robust exit from the crisis.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :135 pages Book Rating :4.4/5 (2 download)
Book Synopsis Indonesia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Indonesia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2024-08-07 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia’s growth remains strong despite external headwinds. Inflation is firmly in the target range and the financial sector is resilient. The authorities have been pursuing an ambitious growth agenda to reach high-income status by 2045. This comprises public spending, institutional reforms, and Industrial Policy (IP). Risks are broadly balanced. Key downside risks include persistent commodity price volatility (e.g., from geopolitical shocks), an abrupt slowdown in Indonesia’s key trading partners, or adverse spillovers from tighter-for-longer global financial conditions. On the domestic side, a weakening of long-standing sound macro-fiscal frameworks could hamper policy credibility. On the upside, stronger-than-anticipated growth in trading partners or faster disinflation in AEs could prop up growth while deep structural reforms would raise growth over the medium term.
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 South Africa: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa by : International Monetary
Download or read book South Africa: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-11 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa’s subpar economic performance over the last decade has weakened its macroeconomic fundamentals and social indicators. In response to formidable COVID-19-related challenges, government expenditure surged, and, amid declining revenue, the budget deficit widened significantly. The South African Reserve Bank (SARB) and the Prudential Authority (PA) preserved adequate liquidity conditions and financial-sector stability. The cyclical recovery from the deep contraction has been faster than expected but its strength is unlikely to be sustained. Benign global market conditions have supported asset performance, although term premia are elevated due to fiscal risks. Bank soundness indicators remain solid, but a deepening bank-sovereign nexus raises some concerns.
