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Islamic Republic Of Afghanistan Fifth Review Under The Three Year Arrangement Under The Poverty Reduction And Growth Facility And Request For Waiver Of Performance Criteria And Rephasing And Extension Of The Arrangement Staff Report Staff Statement Press Release On The Executive Board Discussion And Statement By The Executive Director For Islamic Republic Of Afghanistan
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Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451800418 Total Pages :68 pages Book Rating :4.8/5 (4 download)
Book Synopsis Islamic Republic of Afghanistan: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, and Rephasing and Extension of the Arrangement - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan by : International Monetary Fund
Download or read book Islamic Republic of Afghanistan: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, and Rephasing and Extension of the Arrangement - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-05-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Fifth Review for Afghanistan under the Poverty Reduction and Growth Facility (PRGF). Performance under the PRGF-supported program has been mixed. Monetary and financial policies were broadly consistent with the program. However, difficulties were evident in reforming public enterprises and in the fiscal area. The economic program for 2009/10 envisages a prudent monetary policy to ensure fast disinflation, fiscal adjustment anchored on remedial measures to increase revenues and contain spending, and closer monitoring of public enterprises that pose fiscal risks.
Book Synopsis Islamic Republic of Afghanistan by :
Download or read book Islamic Republic of Afghanistan written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1484380037 Total Pages :90 pages Book Rating :4.4/5 (843 download)
Book Synopsis Barbados by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Barbados written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-10-04 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: The key objectives of the program are to restore macroeconomic and debt sustainability, address falling reserves, and increase growth. The new government, which took office in late May, has committed to fiscal consolidation and structural reform as key tools for macroeconomic adjustment.
Book Synopsis Liberia by : International Monetary Fund. African Dept.
Download or read book Liberia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2020-06-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents Liberia’s Request for Disbursement Under the Rapid Credit Facility. The economic impact of the pandemic is hitting the poorest with little social safety net, and food security of those relying on uncertain daily income is a pressing concern. The authorities have responded by taking revenue and expenditure measures to support emergency food aid for the poor; improving monitoring and control of spending; and safeguarding scarce foreign exchange reserves. Preliminary data suggest that performance under the Extended Credit Facility-supported program has been weak, though the authorities are fully committed to address the weaknesses. In order to address the shortage of Liberian dollars and the growing need for more US dollar liquidity, the authorities have contracted the printing of additional Liberian dollar bank notes and are formulating measures for inclusion in the FY2021 budget to augment US dollar liquidity.
Book Synopsis The Indus Basin of Pakistan by : Winston H. Yu
Download or read book The Indus Basin of Pakistan written by Winston H. Yu and published by World Bank Publications. This book was released on 2013 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, Indus basin of Pakistan: the impacts of climate risks on water and agriculture was undertaken at a pivotal time in the region. The weak summer monsoon in 2009 created drought conditions throughout the country. This followed an already tenuous situation for many rural households faced with high fuel and fertilizer costs and the impacts of rising global food prices. Then catastrophic monsoon flooding in 2010 affected over 20 million people, devastating their housing, infrastructure, and crops. Damages from this single flood event were estimated at US dollar 10 billion, half of which were losses in the agriculture sector. Notwithstanding the debate as to whether these observed extremes are evidence of climate change, an investigation is needed regarding the extent to which the country is resilient to these shocks. It is thus timely, if not critical, to focus on climate risks for water, agriculture, and food security in the Indus basin of Pakistan.
Book Synopsis Is Digital Financial Inclusion Unlocking Growth? by : Purva Khera
Download or read book Is Digital Financial Inclusion Unlocking Growth? written by Purva Khera and published by International Monetary Fund. This book was released on 2021-06-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital financial services have been a key driver of financial inclusion in recent years. While there is evidence that financial inclusion through traditional services has a positive impact on economic growth, do the same results carry over for digital financial inclusion? What drives digital financial inclusion? Why does it advance more in some countries but not in others? Using new indices of financial inclusion developed in Khera et. al. (2021), this paper addresses these questions for 52 developing countries. Using cross-sectional instrument variable procedure, we find that the exogenous component of digital financial inclusion is positively associated with growth in GDP per capita during 2011-2018, which suggests that digital financial inclusion can accelerate economic growth. Fractional logit and random effects empirical estimation identifies access to infrastructure, financial and digital literacy, and quality of institutions as key drivers of digital financial inclusion. These findings are then used to help inform policy recommendations in areas related to the digitization of financial services to promote financial inclusion.
Book Synopsis Liberia by : International Monetary Fund. African Dept.
Download or read book Liberia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-07-11 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on Liberia’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC) and Modification of Performance Criteria. Real GDP grew at 8.7 percent in 2013 and is projected to decline to 5.9 percent in 2014 as mining production decelerates. Most end-December 2013 PCs and indicative targets (ITs) were met, except for the PC on government revenue and the IT on external borrowing. Four out of five structural benchmarks were met on time. The IMF staff supports the completion of the third ECF review.
Book Synopsis Macro-Fiscal Management Practices in Eastern and Southern Africa by : Bryn Battersby
Download or read book Macro-Fiscal Management Practices in Eastern and Southern Africa written by Bryn Battersby and published by International Monetary Fund. This book was released on 2021-02-05 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.
Book Synopsis Sierra Leone by : International Monetary Fund. African Dept.
Download or read book Sierra Leone written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-12-18 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sierra Leone is a fragile state. Since emerging from a decade-long civil war in 2001, the country has made notable economic progress but has also suffered occasional setbacks, such as the Ebola Virus Disease epidemic of 2014. A three-year ECF arrangement was approved June 2017 to help address Sierra Leone’s macroeconomic weaknesses—in particular, low revenue, elevated inflation, high public debt, and inadequate foreign exchange reserve buffers—which had been exacerbated by the Ebola crisis and a collapse in iron ore prices (Country Report No. 17/154). However, the program went off track shortly after approval as lackluster revenue performance and expenditure overruns led to a budget cash shortfall and a growing stock of budget arrears. With the authorities unable to take corrective actions ahead of the March 2018 presidential elections the first review of the program was put on hold. Since then elections have produced a new government, marking the first change of power in ten years. This government has taken a number of corrective actions over the last six months with the aim of reviving the program engagement with the IMF.
Book Synopsis India's Neighbourhood by : Vishal Chandra
Download or read book India's Neighbourhood written by Vishal Chandra and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the role, relevance and status of armies in the dynamic socio-political milieu of the countries in India's South Asian neighbourhood. This book is part of an ongoing endeavour to further explore and understand the role of the Army in shaping the political destiny and defining the ideational evolution of states in South Asia.
Book Synopsis Malawi by : International Monetary Fund
Download or read book Malawi written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-11-07 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malawi has made satisfactory economic progress under the Poverty Reduction Growth Facility (PRGF) arrangement. Executive Directors commended fiscal consolidation, structural reforms, and monetary policy, and stressed the need to maintain macroeconomic stability. They welcomed the Malawi Poverty Reduction Strategy Paper, which is aimed to attain the Millennium Development Goals. They agreed that Malawi attained the successful completion of the first review under the PRGF arrangement and approved a waiver, extension of arrangement, and an interim assistance under the Heavily Indebted Poor Countries Debt Initiative.
Book Synopsis The Unfinished War in Afghanistan by : Vishal Chandra
Download or read book The Unfinished War in Afghanistan written by Vishal Chandra and published by . This book was released on 2014 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes a modest attempt to contribute to the ongoing debate on future challenges for Afghanistan as the largest ever coalition of Western forces prepares to withdraw. It seeks to examine key political developments within Afghanistan over the last one decade in response to the US-led Western military and political intervention. Perhaps, much more is still to come in a war that could aptly be termed as the last big war of the twentieth and first long war of the twenty-first century. The emerging social and political narratives are unmistakably old and echo the sentiments of the past. Though a 'New Afghanistan' has emerged in the meanwhile, it remains fundamentally an urban phenomenon. The diversity of narratives and perceptions, and failure of past political transitions to build a sustainable internal balance of power, based on changed social and political realities, have turned Afghanistan into a complex entity that defies established theoretical formulations and explanations. The evolving security and political scenario suggests that elections alone may not help bring stability and order to Afghanistan. The next dispensation in Kabul, irrespective of its composition, is most likely to be confronted with a host of old and familiar challenges to its legitimacy and survival.
Book Synopsis Secularism, Women & the State by : Barry Alexander Kosmin
Download or read book Secularism, Women & the State written by Barry Alexander Kosmin and published by ISSSC. This book was released on 2009 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis by : Luc Eyraud
Download or read book Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis written by Luc Eyraud and published by International Monetary Fund. This book was released on 2021-06-08 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.
Book Synopsis How to Assess the Benefits of Nonperforming Loan Disposal in Sub-Saharan Africa Using a Simple Analytical Framework by : Irina Bunda
Download or read book How to Assess the Benefits of Nonperforming Loan Disposal in Sub-Saharan Africa Using a Simple Analytical Framework written by Irina Bunda and published by International Monetary Fund. This book was released on 2021-06-08 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus (COVID-19) crisis, which has hit financial systems across Africa, is likely to deteriorate banks’ balance sheets. The largest threat to banks pertains to their loan portfolios, since many borrowers have faced a sharp collapse in their income, and therefore have difficulty repaying their obligations as they come due. This could lead to a sharp increase in nonperforming loans (NPLs) in the short to medium term.
Book Synopsis Catastrophe Containment and Relief Trust by : International Monetary Fund
Download or read book Catastrophe Containment and Relief Trust written by International Monetary Fund and published by International Monetary Fund. This book was released on 2020-04-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.
Book Synopsis The Gambia by : International Monetary Fund. African Dept.
Download or read book The Gambia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2021-01-28 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid Credit Facility (RCF) disbursement of SDR 15.55 million (25 percent of quota) approved on April 15, 2020 and is receiving debt service relief under the Catastrophe Containment and Relief Trust (CCRT) expected to total SDR 7.9 million (SDR 4.2 million of which has already been approved), to help meet heightened balance-of-payments and fiscal financing needs due to the impact of the COVID-19 pandemic. While indicators point to a domestic weakening of the pandemic, the authorities are seeking an ECF augmentation of SDR 20 million (32.15 percent of quota) to meet balance-of-payments needs arising from fiscal measures to stimulate the economic recovery in 2021, strengthen public health preparedness, increase social spending to mitigate the effects of the pandemic. They are also requesting a waiver of nonobservance of a continuous performance criterion (a zero ceiling) on new external payment arrears of the central government.
