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Source: Armenia : Technical Assistance Report-Upgrading Fiscal Rules

Volume/Issue: 2017/330

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2017

ISBN: 9781484325551

Keywords: Armenia, Middle East

Armenia has made significant strides in enhancing macroeconomic stability over the past two decades. This has recently come under strain. Before a full recovery from the Global Financial Crisis (GFC) could take roo...

Building Resilient Banking Sectors in the Caucasus and Central Asia

Building Resilient Banking Sectors in the Caucasus and Central Asia »

Source: Building Resilient Banking Sectors in the Caucasus and Central Asia

Volume/Issue: 2018/8

Series: Departmental Papers / Policy Papers

Author(s): Mercedes Vera Martin , Tarak Jardak , Robert Tchaidze , Juan Trevino , and Helen Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

ISBN: 9781484360774

Keywords: Central Asia and the Caucasus, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyz Republic, Middle East, Armenia, Azerbaijan, Economic conditions

External shocks since 2014-lower oil prices and slower growth in key trading partners-have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress.  E...

Capítulo 1. Introducción y antecedentes

Capítulo 1. Introducción y antecedentes »

Source: Reforma de los subsidios a la energía : Lecciones e implicaciones

Series: Books

Author(s): Benedict Clements , David Coady , Stefania Fabrizio , Sanjeev Gupta , Trevor Alleyne , and Carlo Sdralevich

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2014

Language: Spanish

ISBN: 9781484380109

Keywords: subsidios a la energía, subsidios, energía

El aumento reciente de los precios internacionales de la energía, unido a la transferencia incompleta a los precios internos, ha dado lugar a exhortaciones a eliminar gradualmente los subsidios a la energía...

The Caucasus and Central Asia: Transitioning to Emerging Markets

The Caucasus and Central Asia: Transitioning to Emerging Markets »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

3. Channels of Spillovers to Neighboring Countries

3. Channels of Spillovers to Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Trade and remittances are the main channels of outward spillovers from Russia on neighboring countries (see Figure 1). Trade channel is particularly prominent in CIS and Baltic countries, given...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

CHAPTER 1. Armenia After a Decade of Reform

CHAPTER 1. Armenia After a Decade of Reform »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

This chapter contains an assessment of Armenia’s transition from a state-dominated economy to a market-oriented one during the past 10 years. It begins with a brief discussion of the economic background and...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The fiscal situation and fiscal institutions of CCA countries improved substantially over the last 20 years, although fiscal and public debt positions deteriorated following the global crisis and in most CCA...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...