Managing Fiscal Risks from National Airlines in Pacific Island Countries

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Publisher : International Monetary Fund
ISBN 13 : 1513588869
Total Pages : 27 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Managing Fiscal Risks from National Airlines in Pacific Island Countries by : Vybhavi Balasundharam

Download or read book Managing Fiscal Risks from National Airlines in Pacific Island Countries written by Vybhavi Balasundharam and published by International Monetary Fund. This book was released on 2021-07-09 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government debt, losses in airlines are adding to fiscal risks in some PICs. This paper discusses tools to evaluate and manage the fiscal risks from national airlines in the Pacific. We present a snapshot of the current state of Public Financial Management (PFM) practices in PICs and detail the best practices. This exercise would illustrate the areas in which PICs have scope to improve their risk management with regard to national airlines. We then discuss the use of diagnostic tools and capacity development to enhance monitoring and risk management. Greater transparency and accountability in the airlines, combined with rigorous oversight, would be the first step towards improved financial management of national airlines.

Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513591479
Total Pages : 95 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu by : International Monetary

Download or read book Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-04 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu—a fragile Pacific micro-state—avoid a recession in 2020. The economy is expected to expand by 2.5 percent in 2021, supported by fiscal expenditures and resumption of infrastructure projects. But significant challenges remain: Tuvalu is vulnerable to the effects of climate change, its economy is dominated by the public sector, and its revenue base is narrow. Uncertainty around donor commitments complicates fiscal planning.

Diversion of Tourism Flows in the Asia & Pacific Region: Lessons for COVID-19 Recovery

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513593447
Total Pages : 23 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Diversion of Tourism Flows in the Asia & Pacific Region: Lessons for COVID-19 Recovery by : Vybhavi Balasundharam

Download or read book Diversion of Tourism Flows in the Asia & Pacific Region: Lessons for COVID-19 Recovery written by Vybhavi Balasundharam and published by International Monetary Fund. This book was released on 2021-08-20 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies in the Asia & Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery in countries that establish themselves as more attractive travel destinations than competitors. We investigate the impact of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism-dependent Pacific Island Countries (PICs). We find that PICs were generally resilient to external shocks and benefitted from diversion effects for certain types of shocks. For example, the share of departures from Australia to PICs increased by 12 percent during the SARS outbreak. We then derive policy implications for the post-COVID-19 revival of inbound tourism to PICs and lessons for the future.

Global Economic Prospects, January 2023

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464819505
Total Pages : 334 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, January 2023 by : World Bank Group

Download or read book Global Economic Prospects, January 2023 written by World Bank Group and published by World Bank Publications. This book was released on 2023-02-17 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is expected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of the reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Against this backdrop, it is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient. Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs and to support a major increase in EMDE investment.

Coronavirus (COVID-19) Outbreaks, Vaccination, Politics and Society

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Author :
Publisher : Springer Nature
ISBN 13 : 3031094328
Total Pages : 436 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Coronavirus (COVID-19) Outbreaks, Vaccination, Politics and Society by : Rais Akhtar

Download or read book Coronavirus (COVID-19) Outbreaks, Vaccination, Politics and Society written by Rais Akhtar and published by Springer Nature. This book was released on 2022-09-28 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books comprises of 24 chapters by experts from developed and developing countries. The book cover Argentina, Australia, Bangladesh, Brazil, Canada, Fiji, France, India, Indonesia, Italy, Japan, Malaysia, Mexico, Papua New Guinea, South Africa, Taiwan, Thailand, the UK and England, USA, West Africa, and Zambia. FOREWORD by David J. Hunter, Emeritus Professor, Newcastle University, the UK.

Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616356146
Total Pages : 66 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji by : International Monetary

Download or read book Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-03 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiji has been among the hardest hit by the pandemic—with infection rates at one point among the highest in the world. Despite swift action by the government to close borders, protect the population, and mitigate the worst economic effects, the economic contraction was the worst in Fiji’s history. The crisis has come at a heavy social cost, including large-scale layoffs, surging unemployment, and high non-performing loans. Multilateral and bilateral support has been critical in helping Fiji weather the worst of the crisis and has facilitated a strong government response—including rapid acceleration of the government vaccination program underpinning Fiji’s reopening to international tourism.

The Pacific Islands

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Publisher : University of Hawaii Press
ISBN 13 : 9780824822651
Total Pages : 710 pages
Book Rating : 4.8/5 (226 download)

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Book Synopsis The Pacific Islands by : Brij V. Lal

Download or read book The Pacific Islands written by Brij V. Lal and published by University of Hawaii Press. This book was released on 2000-01-01 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: An encyclopaedia of information on major aspects of Pacific life, including the physical environment, peoples, history, politics, economy, society and culture. The CD-ROM contains hyperlinks between section titles and sections, a library of all the maps in the encyclopaedia, and a photo library.

Managing Climate Risk in the U.S. Financial System

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Author :
Publisher : U.S. Commodity Futures Trading Commission
ISBN 13 : 057874841X
Total Pages : 196 pages
Book Rating : 4.5/5 (787 download)

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Book Synopsis Managing Climate Risk in the U.S. Financial System by : Leonardo Martinez-Diaz

Download or read book Managing Climate Risk in the U.S. Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Republic of Nauru

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Publisher : International Monetary Fund
ISBN 13 : 1513528432
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Republic of Nauru by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of Nauru written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2020-01-29 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Republic of Nauru highlights that it remains vulnerable to climate change and has a narrow economic base and limited capacity. Development challenges are increased by unavailability of land and high incidence of noncommunicable diseases. Growth was stronger than expected in FY2018 but slowed in FY2019. The outlook is subdued, with growth expected to reach 2 percent in the medium term. Revenues are projected to decline, necessitating a fiscal adjustment. Risks are skewed to the downside and include the scaling down of Regional Processing Centre activity and revenues, volatile fishing revenues, climate change, and delays in fiscal and structural reforms. Fiscal adjustment is required to avoid a breach of the fiscal anchor, contain debt, and maintain the Trust Fund contributions. New sources of economic growth and income are needed to support Nauru’s development agenda. Policies should be implemented in the near term to support private sector activity, including through financial sector development, state-owned enterprises reform, and land rehabilitation. The effectiveness of education and health spending needs to be improved to meet development goals.

Airline Finance

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Author :
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 9780754671343
Total Pages : 278 pages
Book Rating : 4.6/5 (713 download)

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Book Synopsis Airline Finance by : Peter S. Morrell

Download or read book Airline Finance written by Peter S. Morrell and published by Ashgate Publishing, Ltd.. This book was released on 2007 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated in its third edition, this internationally renowned and respected book provides the essentials to understanding all areas of airline finance. Designed to address each of the distinct areas of financial management in an air transport industry context, it also shows how these fit together, while each chapter and topic provides a detailed resource which can be also consulted separately. Thoroughly amended and updated throughout, the third edition reflects the many developments that have affected the industry since 2001. It features several important new topics, including Low Cost Carriers (LCCs), fuel hedging and US Chapter 11 provisions.

Tourism Risk Management for the Asia Pacific Region

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Author :
Publisher :
ISBN 13 : 9781920704759
Total Pages : 110 pages
Book Rating : 4.7/5 (47 download)

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Book Synopsis Tourism Risk Management for the Asia Pacific Region by : Jeff Wilks

Download or read book Tourism Risk Management for the Asia Pacific Region written by Jeff Wilks and published by . This book was released on 2004 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments, industry representative groups and individual businesses are all seeking to develop improved management of risks so that potential crises can be avoided. This AICST report offers a broad coverage of risks related to tourism in the Asia Pacific region and strategic approaches to managing these risks. A comprehensive list of websites is provided on a separate CD-ROM [NOT AVAILABLE WITH PDF PURCHASE] recognising that this medium changes daily and the current list is only a sample of the material available on the Internet. This publication is also available for free download at www.crctourism.com.au

Politics, Development and Security in Oceania

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Publisher : ANU E Press
ISBN 13 : 1922144878
Total Pages : 240 pages
Book Rating : 4.9/5 (221 download)

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Book Synopsis Politics, Development and Security in Oceania by : David Hegarty

Download or read book Politics, Development and Security in Oceania written by David Hegarty and published by ANU E Press. This book was released on 2013-04-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: "French and Australian collaborative research in the humanities and the social sciences in the South Pacific has grown and intensified significantly over the past two decades, beginning with the international symposium Changing Identities in the Pacific at the Dawn of the Twenty-First Century held at the Australian Embassy in Paris in 1997 ... In April 2006, another French-government sponsored international symposium, AGORA (Ateliers Gouvernance et Recherche Appliquée) was held at IRD (Institut de Recherche pour le Développement), Noumea, New Caledonia, major themes being governance and economic development, again bringing together Francophone and Anglophone scholars from France and the Pacific region. This was followed in October 2009 by two conjoint Francophone/Anglophone conferences, held at the IRD Centre in Noumea, Stability, Security and Development in Oceania, preceded by AGORA-2, an international conference on Anglophone research in the humanities and the social sciences in the Francophone Pacific, sponsored by the French Government and the Government of New Caledonia. The first of these conferences was sponsored by the French Fonds Pacifique and the State, Society and Governance Program at The Australian National University. An edited selection of presentations from this symposium constitutes the present volume."--Preface.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

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Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513594087
Total Pages : 153 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by : Mr. Ernesto Ramirez Rigo

Download or read book State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges written by Mr. Ernesto Ramirez Rigo and published by International Monetary Fund. This book was released on 2021-09-20 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.

Pacific Economic Monitor July 2020

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292623052
Total Pages : 125 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Pacific Economic Monitor July 2020 by : Asian Development Bank

Download or read book Pacific Economic Monitor July 2020 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-07-01 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the Pacific Economic Monitor discusses the impacts of COVID-19 and provides an overview of other current economic and development issues in Pacific developing member countries of ADB.

Toward a New Pacific Regionalism

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Author :
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Toward a New Pacific Regionalism by : Roman Grynberg

Download or read book Toward a New Pacific Regionalism written by Roman Grynberg and published by . This book was released on 2005 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ADB-Commonwealth Secretariat Joint Report to the Pacific Island Forum Secretariat analyzes issues and possibilities for the new Pacific regionalism in the context of the commitment of Pacific Island Forum leaders to create a Pacific Plan for Strengthening Regional Cooperation and Integration.

Reforms in the Pacific

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Author :
Publisher : Australian Geographic
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Reforms in the Pacific by : Bruce Knapman

Download or read book Reforms in the Pacific written by Bruce Knapman and published by Australian Geographic. This book was released on 1999 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the results of an assessment of Bank assistance to reform efforts in six Pacific Developing Member Countries (PDMCs). The assessment was undertaken at the request of the Board of Directors of the Bank. As the bank has transformed itself from being primarily a project lender to being a broad-based development institutions, a wave of economic, public sector and governance reform has broken on most PDMC shores.