This Background Paper and Statistical Annex examines selected issues pertaining to the Mauritian economy, which are all related to the question of how Mauritius will be able in the future to sustain its export-led development and diversify its economy. The paper discusses the impact of the Uruguay Round agreement on the Mauritian economy. The paper also utilizes available data to assess Mauritius’s external competitiveness, which is a major issue as regards the sustainability of high export growth.
A technical Assistance (TA) Mission was conducted by CAPTAC-DR1 from May 14 to 18, 2018 with the objective of supporting the Central Reserve Bank of El Salvador (CBR) in its efforts to strengthen its national accounts statistics for decision making. The TA mission covered the following topics: compilation of an Input-Output Table (IOT) for 2014; as well as to follow up on the recommendations made in previous TA missions to disseminate Supply and Use Tables (SUT) for 2015 and thereafter, as part of the national accounts’ series with base year 2005. In addition, the mission provided training to the Department of National Accounts (DNA) team of the CBR in the methodological and conceptual aspects necessary for the analysis and application of the IOT as a statistical and analytical tool.
This paper reviews economic developments in Japan during the 1990s. The paper focuses on the weak recovery that began in 1994, against the background of the long and deep recession from mid-1991 to late 1993. Output and labor market developments are described. The paper examines the sharp deterioration in the fiscal position, including the effects of fiscal policy actions, and discusses the progressive easing of monetary policy since 1991. External sector developments are also analyzed, followed by an overview of trade and structural policies.
Uruguay’s Second Review Under the Stand-By Arrangement and Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria are discussed. Growth remains robust, inflation is subdued, and the external position continues to strengthen, with buoyant exports and upward pressure on the peso. Fiscal performance has been better than expected, with public debt continuing to fall as a percentage of GDP. Structural reforms are also progressing well, with key new reform initiatives under way in several areas.
This paper examines the Uruguay Round and its implications for the Dominican Republic. The ratification of the Uruguay Round Agreement has several implications for the Dominican Republic. Certain regulatory and legislative reforms will have to be addressed, some new specific institutional mechanisms developed, and several commitments will have to be implemented. In addition, the competitiveness of the Dominican Republic regarding several export products may be affected. The paper highlights that the Dominican Republic has committed to unifying all import charges to no more than a harmonized level of 40 percent.
This Selected Issues paper highlights that progress on structural reforms in Nepal stalled during 1994/95 while economic performance deteriorated. Real GDP slowed as agriculture output was depressed by a less favorable monsoon, and exports declined as both the carpet and garment sectors faltered. Although the government’s domestic borrowing remained low, rapid growth in private credit financed a surge in imports that in combination with weakening export demand led to a sharp reduction of the external surplus. In 1995/96, economic activity rebounded as favorable weather conditions boosted agricultural output, while inflation performance continued to be satisfactory.
This Selected Issues paper and Statistical Annex on Paraguay analyzes the financial crisis of June 1997. The lingering effects of the 1995 financial crisis and the subsequent deterioration of performance of several Paraguayan domestic banks resulted in a new crisis in 1997. The paper highlights that 9.7 percent of private foreign currency deposits left the banking system during June 13 to July 18, 1997. This paper also examines the Southern Cone Common Market and its implications for Paraguay.
This paper reviews economic developments in Côte d’lvoire during 1990–95. In 1994, the resumption of growth, initially concentrated in the area of some traded goods, became more widespread during the second half of 1994, offsetting the devaluation-induced contraction in the nontraded goods sectors and in the sectors sheltered from competition, which both suffered from the reduction in real disposable income. Output in volume terms increased at a rate of 4.5 percent in the primary and secondary sectors, and contracted further in the tertiary sectors.
This paper reviews economic developments in Japan during 1994. It focuses on the weak recovery that began in 1994, and the subsequent strengthening of growth since mid-1995. The paper examines developments in output and prices, and reviews the role that fiscal policy has played in providing support to demand, and the resulting sharp deterioration in the fiscal position. Monetary developments, including the reduction in interest rates to record lows in 1995, are discussed. The paper analyzes developments in the external sector and exchange markets. Developments in trade and structural policies are also reviewed.