You are looking at 1 - 1 of 1 items for :

  • Foreign Exchange x
  • Financial and monetary sector x
  • International Economics x
  • Natural Disasters x
  • International institutions x
  • Financial regulation and supervision x
  • Fiscal Policy x
  • Monetary policy x
  • Financial services industry; Law and legislation x
  • Foreign Exchange x
  • Natural disasters x
  • Banking law x
Clear All
International Monetary Fund

The natural disasters that hit the country recently caused human losses and had a negative impact on the economy; however, they did not deviate the economic recovery path. Currently, growth in exports and imports is accelerating, remittances are recovering, and international reserves are well above end-2009 levels. The authorities have recently adopted regulations on liquidity and foreign currency credit risk management and have made further progress toward full provisioning of nonperforming loans. Finally, the IMF-supported program has also contributed to the achievement of their economic program goals.