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Fiscal Monitor, April 2019

Curbing Corruption

The April 2019 edition of Fiscal Monitor is focused on two broad themes: fiscal policy in a fast-changing global economy and curbing corruption.

Caucasus and Central Asia

Caucasus and Central Asia »

Source: Regional Economic Outlook, October 2016, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2016

ISBN: 9781513534497

Keywords: Oil prices, Fiscal policy, Economic growth, Central banks, Inflation, cheaper oil, global spillovers, China’s rebalancing, fiscal deficits, CCA

Population, millions (2015) GDP per capita, U.S. dollars (2015) Sources: IMF Regional Economic Outlook database; and Microsoft Map Land. Note: Th...

3. Caucasus and Central Asia: Is the Worst Over?

3. Caucasus and Central Asia: Is the Worst Over? »

Source: Regional Economic Outlook, October 2016, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2016

ISBN: 9781513534497

Keywords: Oil prices, Fiscal policy, Economic growth, Central banks, Inflation, cheaper oil, global spillovers, China’s rebalancing, fiscal deficits, CCA

Fiscal accommodation and exchange rate adjustment have helped the Caucasus and Central Asia (CCA) mitigate the immediate impact from large and persistent external shocks, particularly the slump...

3. Caucasus and Central Asia: Need to Increase Resilience and Accelerate Reforms to Become Emerging Markets

3. Caucasus and Central Asia: Need to Increase Resilience and Accelerate Reforms to Become Emerging Markets »

Source: Regional Economic Outlook, November 2013, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2013

ISBN: 9781484356074

Keywords: Oil prices, Economic growth, Fiscal policy, Production, Development, oil, oil exporters, les, oil importers, gas

Growth in the CCA is expected to remain robust in the near term, though subject to downside risks. The recovery in oil and gas production and other extractive industries has been...

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. Caucasus and Central Asia: Unlocking the Region’s Growth Potential

3. Caucasus and Central Asia: Unlocking the Region’s Growth Potential »

Source: Regional Economic Outlook, November 2018, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2018

ISBN: 9781484375389

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, economic outlook, global trade tensions, oil-importing countries

After a recovery in 2017, GDP growth in the Caucasus and Central Asia (CCA) region is expected to stabilize in 2018 and in the medium term. However, at forecast growth rates, it will take nearly...

CCA Highlights

CCA Highlights »

Source: Regional Economic Outlook, November 2013, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2013

ISBN: 9781484356074

Keywords: Oil prices, Economic growth, Fiscal policy, Production, Development, oil, oil exporters, les, oil importers, gas

Economic activity in the Caucasus and Central Asia (CCA) is expected to continue expanding at a fast clip, with the CCA remaining among the fastest-growing regions in the world. Growth is driven by a recover...

CCA Region Highlights

CCA Region Highlights »

Source: Regional Economic Outlook, October 2016, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2016

ISBN: 9781513534497

Keywords: Oil prices, Fiscal policy, Economic growth, Central banks, Inflation, cheaper oil, global spillovers, China’s rebalancing, fiscal deficits, CCA

The CCA region has been hit by large and persistent external shocks since 2014, particularly the slump in commodity prices and slowdown in its key economic partners (mainly Russia and China). Regional growth...

Central African Republic: First Review of the Arrangement Under the Extended Credit Facility, Financing Review And Request for Waiver of Nonobservance of Performance Criterion

Central African Republic: First Review of the Arrangement Under the Extended Credit Facility, Financing Review And Request for Waiver of Nonobservance of Performance Criterion »

Source: Central African Republic : First Review of the Arrangement Under the Extended Credit Facility, Financing Assurances Review and Request for Waiver of Nonobservance of Performance Criterion

Volume/Issue: 2017/14

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2017

ISBN: 9781475566239

Keywords: Tax administration, Sub-Saharan Africa, Tax collection, Staff Reports, Performance criteria waivers, Press releases, Letters of Intent, Extended Credit Facility, Fiscal policy, Economic indicators

This paper discusses Central African Republic's First Review of the Arrangement Under the Extended Credit Facility (ECF), Financing Assurances Review and Request for Waiver of Nonobservance of Performance Criterion...

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 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...