Sierra Leone Third And Fourth Reviews Under The Extended Credit Facility Arrangement Requests For Extension And Rephasing Of The Arrangement Waivers Of Nonobservance Of Performance Criteria And Financing Assurances Review Press Release Staff Report And Statement By The Executive Director For Sierra Leone

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Sierra Leone: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Requests for Extension and Rephasing of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 : 1513590782
Total Pages : 115 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Sierra Leone: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Requests for Extension and Rephasing of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone by : International Monetary

Download or read book Sierra Leone: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Requests for Extension and Rephasing of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-13 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following two emergency Rapid Credit Facility disbursements in June 2020 and March 2021 to assist in addressing the impact of the COVID-19 pandemic, the Sierra Leonean authorities are committed to resuming the program supported by the Extended Credit Facility arrangement. The program is an important policy anchor for the authorities, and its main objectives—revenue mobilization, safeguarding financial stability, and addressing external vulnerabilities—remain valid. While an economic recovery is underway, driven by the mining sector, risks to the outlook are considerable and, the risk of debt distress is high but remains sustainable. This is predicated on the authorities’ ambitious fiscal adjustment and continued reliance on concessional financing and grants. External vulnerabilities are expected to persist over the medium term.

Sierra Leone

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 121 pages
Book Rating : 4.4/5 (2 download)

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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 2023-06-21 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 5th review under the ECF arrangement in July 2022, macro policies have become more expansionary than expected, inflation has continued to rise, the leone has depreciated sharply and debt related risks have increased notably. Deadly floods weakened activity and highlighted climate-related risks. The risk of social unrest remains high given the soaring cost of living and record levels of food insecurity. The President appointed a new economic team in early 2023 which has begun to take decisive action to tackle these challenges. Discussions focused on recent developments as well as policy commitments to restore stability, maintain debt sustainability, and achieve program objectives.

Liberia

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498354661
Total Pages : 96 pages
Book Rating : 4.4/5 (983 download)

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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.

Chad

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484324072
Total Pages : 42 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Chad by : International Monetary Fund. African Dept.

Download or read book Chad written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-09-09 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.

Sierra Leone

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 148439139X
Total Pages : 95 pages
Book Rating : 4.4/5 (843 download)

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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.

The Revised EBA-Lite Methodology

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
ISBN 13 : 1498324371
Total Pages : 58 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Revised EBA-Lite Methodology by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book The Revised EBA-Lite Methodology written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2019-07-03 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balance of EBA-Lite countries; (2) identifying alternatives to regression models for external assessments of large exporters of exhaustible commodities; and (3) a revised approach for the assessment of external sustainability in highly indebted economies. Accordingly, the revised methodology consists of three modules: 1) Regression Module 2) Module for External Assessments of Exporters of Exhaustible Commodities 3) Module for the Assessment of External Sustainability

Sierra Leone

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498369820
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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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 2016-07-21 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper aims to measure the impact of the Ebola virus disease (EVD) epidemic on economic growth in Sierra Leone. A novel empirical approach is used, which is based on a Difference in Differences setup, called the Synthetic Control Method. The model suggests that EVD had a severe impact on growth. In 2014, the first year EVD hit the country, the impact on real growth excluding iron ore is estimated to be more than 5 percentage points. It is suggested that in outer years, the severity of the impact will lessen, and growth will converge to its normal path by 2018.

Liberia

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513565389
Total Pages : 6 pages
Book Rating : 4.5/5 (135 download)

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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 2015-11-09 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Liberia’s Request for an Extension of the Arrangement Under the Extended Credit Facility (ECF). From mid-2014 to mid-2015, Liberia faced a serious Ebola virus disease crisis, which triggered the declaration of a state of emergency. End-June 2014 performance criteria (PCs) and indicative targets were met, except the revenue floor and the floor net foreign exchange position of the Central Bank of Liberia (CBL), and the ceiling on net domestic assets. The authorities are expected to request waivers for the missed PCs in light of corrective actions undertaken to improve revenue collection and strengthen the net foreign exchange position of the CBL. The IMF staff supports the authorities’ request to extend the ECF arrangement.

The Gambia

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1475504020
Total Pages : 92 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Gambia by : International Monetary Fund

Download or read book The Gambia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-06 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the request from Gambian authorities for a three-year arrangement under the extended credit facility (ECF). The Gambian economy performed well during the previous IMF arrangement, which expired at the end of March 2011; however, there were slippages under the program. The authorities requested a new three-year ECF arrangement, with a large initial disbursement, but relatively low access overall. The initial disbursement would support stability during the current drought crisis, while remaining disbursements would encourage fiscal adjustment and catalyze donor support for the poverty reduction strategy.

The Spending Challenge of Achieving the SDGs in South Asia: Lessons from India

Author : Mercedes García-Escribano
Publisher : International Monetary Fund
ISBN 13 : 1616355654
Total Pages : 33 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Spending Challenge of Achieving the SDGs in South Asia: Lessons from India by : Mercedes García-Escribano

Download or read book The Spending Challenge of Achieving the SDGs in South Asia: Lessons from India written by Mercedes García-Escribano and published by International Monetary Fund. This book was released on 2021-12-17 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong commitment to the Sustainable Development Goals (SDG) Agenda. This paper focuses on the medium-term development challenges that South Asia, and in particular India, faces to ensure substantial progress along the SDGs by 2030. We estimate the additional spending needed in critical areas of human capital (health and education) and physical capital (water and sanitation, electricity, and roads). We document progress on these five sectors for India relative to other South Asian countries and discuss implications for policy and reform.

A Diversification Strategy for South Asia

Author : Weicheng Lian
Publisher : International Monetary Fund
ISBN 13 : 1513584790
Total Pages : 49 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis A Diversification Strategy for South Asia by : Weicheng Lian

Download or read book A Diversification Strategy for South Asia written by Weicheng Lian and published by International Monetary Fund. This book was released on 2021-07-30 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries – India, Nepal, and Sri Lanka – can build on their existing production capabilities; others – Bangladesh, Bhutan, and the Maldives – would need to undertake a more concerted push. We identify key policies from a large set of potential determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our analysis suggests that South Asia needs to invest in infrastructure, education, and R&D, facilitate bank credit to productive companies, and open to trade in order to diversify and move up the value chains. Given the COVID-19 pandemic, investing in digital technologies as part of the infrastructure push and improving education are of even greater importance to facilitate the ability to work remotely and assist resource reallocation away from the less viable sectors.

At A Cost: The Real Effects of Thin Capitalization Rules

Author : Ruud A. de Mooij
Publisher : International Monetary Fund
ISBN 13 : 1513568558
Total Pages : 17 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis At A Cost: The Real Effects of Thin Capitalization Rules by : Ruud A. de Mooij

Download or read book At A Cost: The Real Effects of Thin Capitalization Rules written by Ruud A. de Mooij and published by International Monetary Fund. This book was released on 2021-02-05 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014, we estimate that the size of this adverse investment effect can be large, and dependent on the statutory corporate tax rate and the tightness of the safe-haven ratio. Negative investment effects are more pronounced for highly-levered firms for which TCRs are more likely to be binding.

National Human Rights Action Planning

Author : Azadeh Chalabi
Publisher : Oxford University Press
ISBN 13 : 0192555596
Total Pages : 200 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis National Human Rights Action Planning by : Azadeh Chalabi

Download or read book National Human Rights Action Planning written by Azadeh Chalabi and published by Oxford University Press. This book was released on 2018-07-19 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with human rights action planning, as a largely under-researched area, from theoretical, doctrinal, empirical, and practical perspectives, and as such, provides the most comprehensive studies of human rights planning to date. At the theoretical level, by advancing a novel general theory of human rights planning, it offers an alternative to the traditional state-centric model of planning. This new theory contains four sub-theories: contextual, substantive, procedural, and analytical ones. At the doctrinal level, by conducting a textual analysis of core human rights conventions, it reveals the scope and nature of the states' obligation to adopt a plan of action for implementing human rights. At the empirical level, a cross-case analysis of national human rights action plans of 53 countries is conducted exploring the major problems of these plans in different phases of planning and uncovering the underlying causes of these problems. At the practical level, this volume sets out how these plans should be developed and implemented, how they can be best monitored by international human rights bodies, and how to maximize their effectiveness. With discussions bridging human rights theory and practice and development discourse, this book will be a useful resource for a wide range of audiences, from academics of different disciplines (law, human rights, social policy, political science, political philosophy, legal philosophy, development studies, planning studies, socio-legal studies) to governments, human rights practitioners, and the UN human rights bodies.

Making Massive Small Change

Author : Kelvin Campbell
Publisher : Chelsea Green Publishing Company
ISBN 13 : 9781603587754
Total Pages : 0 pages
Book Rating : 4.5/5 (877 download)

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Book Synopsis Making Massive Small Change by : Kelvin Campbell

Download or read book Making Massive Small Change written by Kelvin Campbell and published by Chelsea Green Publishing Company. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bookbuilders of Boston Winner -- Professional, Illustrated Category The key to fixing our broken patterns of urban development does not lie in grand plans or giant projects; rather, it lies in the collective wisdom and energy of people harnessing the power of many small ideas and actions to make a big difference. We call this making "Massive Small" change. In an increasingly complex and changing world where global problems are felt locally, the systems we use to plan, design, and build our urban neighborhoods are failing. For three generations, governments the world over have tried to order and control the evolution of cities through rigid, top-down action. Yet, master plans lie unfulfilled, housing is in crisis, the environment is under threat, and the urban poor have become poorer. The system is not broken: it was built this way. And governments alone cannot solve these problems. But there is another way--the Massive Small way--a concept developed by Kelvin Campbell, the innovative founder of Urban Initiatives, an internationally recognized urban design practice based in London, and curator of Smart Urbanism [Massive Small], one of the largest LinkedIn communities in the field of online urbanism. Making Massive Small Change, the first truly comprehensive sourcebook to come out of this work, showcases cities as they really are--deeply complex, adaptive systems. As such, it offers an alternative to our current highly mechanistic model of urban development. With roots in the work of great urban theorists such as Jane Jacobs, Christopher Alexander, and E. F. Schumacher, Making Massive Small Change integrates this thinking with Complexity Theory and a scientific understanding of sustainability and resilience in cities. It sets out the enabling protocols, conditions, and behaviors that deliver Massive Small change in our neighborhoods. It describes and illustrates the ideas, tools, and tactics being used to help engaged citizens, civic leaders, and urban professionals to work together to build viable urban society, and it will show how effective system change can be implemented. Highly illustrated with stunning graphics and photographs of cityscapes and urban life, this essential toolkit for the future can be called the next Whole Earth Catalog for twenty-first century urban planning and development.