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Fiscal Monitor, October 2014

Back to Work: How Fiscal Policy Can Help

At a time when job creation tops the policy agenda globally, this issue of the Fiscal Monitor explores if and how fiscal policy can do more for jobs.

International Monetary Fund Annual Report 2014

From stabilization to sustainable growth

The report describes how the IMF supports its member countries by assessing their economic and financial policies, and providing financing, advice, and training.

Modernizing China
			: Investing in Soft Infrastructure

New
Modernizing China : Investing in Soft Infrastructure »

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

DOI: http://dx.doi.org/10.5089/9781513539942.071

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation...

The International Monetary Fund and the Learning Organization
			: The Role of Independent Evaluation

New
The International Monetary Fund and the Learning Organization : The Role of Independent Evaluation »

Series: Books

Author(s): Moisés Schwartz , and Ray C. Rist

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2017

DOI: http://dx.doi.org/10.5089/9781475546675.071

ISBN: 9781475546675

Keywords: IEO, IMF, independent evaluation, learning organization, accountability, learning

The benefits of independent evaluation in international financial institutions have long been recognized. However, independent evaluation in these organizations is of increased relevance during uncertain times that...

Sierra Leone
			: Sixth Review Under the Extended Credit Facility Arrangement, Financing Assurances Review and Request for Waiver for Nonobservance of Performance Criteria-Press Release; and Staff Report

Sierra Leone : Sixth Review Under the Extended Credit Facility Arrangement, Financing Assurances Review and Request for Waiver for Nonobservance of Performance Criteria-Press Release; and Staff Report »

Volume/Issue: 2016/378

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

DOI: http://dx.doi.org/10.5089/9781475559798.002

ISBN: 9781475559798

Keywords: Extended Credit Facility, Fiscal policy, Oil prices, Oil subsidies, Fiscal reforms, Monetary policy, Economic indicators, Balance of payments statistics, Letters of Intent, Staff Reports

Recovery from the twin shocks of Ebola and the collapse of the iron ore sector continues. Non-iron ore sector growth is projected to be 3.7 percent in 2016, led by manufacturing and trade. Iron ore growth is also r...

Liberia
			: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Augmentation of Access, and Extension of the Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Liberia

Liberia : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Augmentation of Access, and Extension of the Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Liberia »

Volume/Issue: 2016/392

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

DOI: http://dx.doi.org/10.5089/9781475562620.002

ISBN: 9781475562620

Keywords: Extended Credit Facility, Fiscal policy, Fiscal reforms, Monetary policy, Banking sector, Bank resolution, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Letters of Intent

Recovery from the Ebola epidemic is delayed by the persistent impact of the commodity price decline and the United Nations Mission in Liberia (UNMIL) withdrawal. Weak economic activity-particularly in the natural r...

Burkina Faso
			: 2016 Article IV Consultation, Sixth Review Under the Extended Credit Facility, and Request for Modification of a Performance Criterion, Extension of the Arrangement and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Burkina Faso : 2016 Article IV Consultation, Sixth Review Under the Extended Credit Facility, and Request for Modification of a Performance Criterion, Extension of the Arrangement and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso »

Volume/Issue: 2016/390

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

DOI: http://dx.doi.org/10.5089/9781475562576.002

ISBN: 9781475562576

Keywords: Article IV consultations, Economic growth, Fiscal policy, Revenue mobilization, Public investment, Infrastructure, Government expenditures, Fiscal reforms, Energy sector, Economic indicators

Growth is projected at 5.4 percent for 2016 and 6.1 percent for 2017, owing to higher gold production and a rebound in agriculture and services. The authorities have published their National Economic and Social Dev...

Republic of Serbia
			: Sixth Review Under the Stand-By Arrangement and Modification of the Arrangement Review Schedule-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

Republic of Serbia : Sixth Review Under the Stand-By Arrangement and Modification of the Arrangement Review Schedule-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia »

Volume/Issue: 2016/386

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2016

DOI: http://dx.doi.org/10.5089/9781475561845.002

ISBN: 9781475561845

Keywords: Stand-by arrangement reviews, Fiscal policy, Fiscal consolidation, Fiscal reforms, Monetary policy, Inflation targeting, Banking sector, Economic indicators, Balance of payments statistics, Letters of Intent

The program remains on track and the economy continues to strengthen. Significant fiscal over-performance and renewed efforts to address structural weaknesses have helped boost confidence. This, along with a health...

Grenada
			: Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report

Grenada : Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report »

Volume/Issue: 2016/389

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.;International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2016

DOI: http://dx.doi.org/10.5089/9781475546569.002

ISBN: 9781475546569

Keywords: Extended Credit Facility, Fiscal policy, Public sector wages, Poverty reduction strategy, Public debt, Debt restructuring, Fiscal reforms, Banking sector, Bank supervision, Economic indicators

The arrangement was approved on June 26, 2014 and the fourth review completed on May 18, 2016. Disbursements equivalent to SDR 10.04 million (about US$14.3 million) have been made to Grenada so far under the arrang...

Democratic Republic of São Tomé and Príncipe
			: Second Review under the Extended Credit Facility, and Request for Waivers for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

Democratic Republic of São Tomé and Príncipe : Second Review under the Extended Credit Facility, and Request for Waivers for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe »

Volume/Issue: 2016/385

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2016

DOI: http://dx.doi.org/10.5089/9781475561722.002

ISBN: 9781475561722

Keywords: Extended Credit Facility, Economic conditions, Economic growth, Banking sector, Excess liquidity, Liquidity management, Budgets, Fiscal reforms, Economic indicators, Letters of Intent

Growth in the first half of the year was subdued, as the stronger stimulus expected from a timely execution of public investment projects failed to materialize because of the delayed disbursements of external finan...

Cote d'Ivoire
			: Economic Development Documents-National Development Plan, 2016-20

Cote d'Ivoire : Economic Development Documents-National Development Plan, 2016-20 »

Volume/Issue: 2016/388

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2016

DOI: http://dx.doi.org/10.5089/9781475562019.002

ISBN: 9781475562019

Keywords: Development plans, Governance, Education, Health care, Infrastructure, Economic integration, Revenues, Economic growth, Public debt, Economic forecasting

Cote D'Ivoire: Economic Development Documents-National Development Plan, 2016-20...

Zimbabwe
			: Zimbabwe: Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust,Lifting of Declaration of Noncooperation, Lifting of Restriction on Fund Technical Assistance, and Restoration of Poverty Reduction and Growth Trust Eligibility-Press Release; and Staff Report

Zimbabwe : Zimbabwe: Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust,Lifting of Declaration of Noncooperation, Lifting of Restriction on Fund Technical Assistance, and Restoration of Poverty Reduction and Growth Trust Eligibility-Press Release; and Staff Report »

Volume/Issue: 2016/382

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2016

DOI: http://dx.doi.org/10.5089/9781475561258.002

ISBN: 9781475561258

Keywords: Settlement of overdue obligations, Poverty Reduction and Growth Trust, Payments arrears, Overdue obligations, Noncooperation with Fund, Technical Assistance, Staff Reports, Press releases, Zimbabwe

On October 20, 2016, Zimbabwe fully settled its overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT) using its SDR holdings.1 Zimbabwe had been in continuous arrears to the PRGT since Febr...