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

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Publisher : International Monetary Fund
ISBN 13 : 1513572865
Total Pages : 78 pages
Book Rating : 4.5/5 (135 download)

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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.

Republic of the Marshall Islands

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Republic of the Marshall Islands by :

Download or read book Republic of the Marshall Islands written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Publisher : International Monetary Fund
ISBN 13 : 1513597175
Total Pages : 95 pages
Book Rating : 4.5/5 (135 download)

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

Download or read book Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu written by International Monetary and published by International Monetary Fund. This book was released on 2021-09-14 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive economic damage in 2020. In the context of a continued loss of correspondent banking relationships (CBRs) in the Pacific, Vanuatu also lost a key CBR at end-June 2021. Air Vanuatu, one of the state-owned enterprises (SOEs), is in the process of being restructured.

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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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.

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

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.4/5 (2 download)

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

Download or read book Republic of Nauru: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-07 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early and decisive measures successfully prevented an outbreak of COVID-19 in Nauru, and as of January 2022 there have been no COVID-19 cases on the island. Strong pandemic policy measures supported the economy, which continued to expand in FY20 and FY21. Nauru’s remoteness and size constrain potential growth and it is severely exposed to the negative effects of climate change on sea levels and the ocean stock of tuna. Development challenges are exacerbated by limited capacity and a high incidence of non-communicable diseases (NCDs).

Republic of the Marshall Islands

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of the Marshall Islands by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of the Marshall Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-10-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real GDP declined by 4.5 percent in FY2022 due entirely to a decline in fisheries. However, excluding the sector, growth was 4.2 percent, fueled by a recovery in domestic demand. Inflation has picked up due to higher food and fuel prices, while the current account surplus narrowed as COVID-related grants declined and the trade deficit widened.

The Future of Money

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Publisher : Harvard University Press
ISBN 13 : 0674258444
Total Pages : 497 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Future of Money by : Eswar S. Prasad

Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Pacific Economic Monitor – August 2022

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Publisher : Asian Development Bank
ISBN 13 : 929269670X
Total Pages : 188 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Pacific Economic Monitor – August 2022 by : Asian Development Bank

Download or read book Pacific Economic Monitor – August 2022 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-08-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.

Republic of the Marshall Islands

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475520522
Total Pages : 58 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Republic of the Marshall Islands by : International Monetary Fund. Asia and Pacific Dept

Download or read book Republic of the Marshall Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-07-28 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that the economy of the Marshall Islands is estimated to have expanded by about 0.5 percent in FY2015 (ending September 30), as the fishery sector recovered. Following a moderate inflation of 1.1 percent in FY2014, headline inflation dropped to –2.2 percent in FY2015 amid falling oil and utility prices. The fiscal balance is estimated to have recorded a surplus of about 3 percent of GDP in FY2014–15, owing to record-high fishing license fees. Growth is expected to rise to about 1.5 percent and inflation to about 0.5 percent in FY2016, as the effects of the drought in earlier 2016 are offset by the resumption of infrastructure projects.

Pacific Economic Monitor – December 2022

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292699393
Total Pages : 191 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Pacific Economic Monitor – December 2022 by : Asian Development Bank

Download or read book Pacific Economic Monitor – December 2022 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-12-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue explores how Pacific developing member countries can strengthen their post-pandemic social protection systems to help address long-standing development concerns and boost resilience to further shocks. It assesses individual countries’ economies and outlines ways they could improve their social protection systems, despite depleted resources. Exploring megatrends facing the subregion, including population ageing and migration, it shows how investing in universal social protection policies can have a long-term impact on reducing poverty, vulnerability, and social exclusion.

Republic of Palau

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.4/5 (2 download)

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

Download or read book Republic of Palau written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-12-21 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Palau has emerged from the pandemic with significant output loss, elevated public debt and historically high inflation. Adverse demographic trends, high dependence on tourism and external support, and vulnerability to climate change risks raise vulnerabilities. The authorities successfully enacted a fiscal responsibility framework and modernized the tax system. A new Compact Review Agreement (CRA-23), with better financial terms, is awaiting approval by US Congress.

Republic of Nauru

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.4/5 (2 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 2023-11-28 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies

Pacific Economic Monitor December 2021

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Publisher : Asian Development Bank
ISBN 13 : 9292692305
Total Pages : 119 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Pacific Economic Monitor December 2021 by : Asian Development Bank

Download or read book Pacific Economic Monitor December 2021 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the Pacific Economic Monitor explores how the region can reopen and rebuild. Besides safely resuming travel and protecting health, a resilient recovery will depend on promoting fiscal sustainability and strengthening economic management, including regional cooperation to revitalize tourism.

Republic of Nauru

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Author :
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.

Tonga

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Publisher : International Monetary Fund
ISBN 13 : 1513568043
Total Pages : 98 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Tonga by : International Monetary Fund. Asia and Pacific Dept

Download or read book Tonga written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2021-02-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tonga’s recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21⁄2 percent due to domestic containment measures, a sudden stop in tourism, and investment delays. The full brunt of the pandemic will be felt in FY2021 (beginning July) during peak tourism season, when a deeper contraction is expected. A worse outcome was avoided by early actions to close external borders—which has kept Tonga COVID-19-free—and prompt economic support. Beyond FY2021, the recovery is expected to resume in line with the global recovery, but the magnitude and trajectory is uncertain.

International Monetary Fund Annual Report 2021

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513568817
Total Pages : 74 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Women, Business and the Law 2021

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Publisher : World Bank Publications
ISBN 13 : 1464816530
Total Pages : 381 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Women, Business and the Law 2021 by : World Bank

Download or read book Women, Business and the Law 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-04-05 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Women, Business and the Law 2021 is the seventh in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. The project presents eight indicators structured around women’s interactions with the law as they move through their lives and careers: Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension. This year’s report updates all indicators as of October 1, 2020 and builds evidence of the links between legal gender equality and women’s economic inclusion. By examining the economic decisions women make throughout their working lives, as well as the pace of reform over the past 50 years, Women, Business and the Law 2021 makes an important contribution to research and policy discussions about the state of women’s economic empowerment. Prepared during a global pandemic that threatens progress toward gender equality, this edition also includes important findings on government responses to COVID-19 and pilot research related to childcare and women’s access to justice.