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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...

Commodity Price Shocks and the Oddson Fiscal Performance

Commodity Price Shocks and the Oddson Fiscal Performance »

Source: Commodity Price Shocks and the Oddson Fiscal Performance

Volume/Issue: 2005/171

Series: IMF Working Papers

Author(s): Francis Kumah , and John Matovu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451861907

Keywords: structural VAR, pro-cyclical fiscal policy, expenditure, fiscal performance, expenditures, fiscal aggregates, Econometric Modeling: General, General Outlook and Conditions, Strucral VAR,

Unanticipated changes in commodity prices can generate significant movements in fiscal aggregates. This paper seeks to understand the dynamics of these fiscal movements in the context of transitory commodity price...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

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

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

Volume: 15

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

DOI: http://dx.doi.org/10.5089/9781513571348.087

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

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

The Caucasus and Central Asia: Transitioning to Emerging Markets

The Caucasus and Central Asia: Transitioning to Emerging Markets »

Volume: 14

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

Language: Russian

DOI: http://dx.doi.org/10.5089/9781498349581.087

ISBN: 9781498349581

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

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...

2. Developments in Russia

2. Developments in Russia »

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

In 2014 the Russian economy was hit by sanctions and rapidly falling oil prices. These shocks led to significant balance of payment pressures with a surge in capital outflows and depreciating ex...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

IMF Approves US$8 Million Loan for Tajikistan Under Third Annual PRGF Program

IMF Approves US$8 Million Loan for Tajikistan Under Third Annual PRGF Program »

Source: Tajikistan : Second Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion-Staff Report and News Brief on the Executive Board Discussion

Volume/Issue: 2001/115

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2001

ISBN: 9781451837025

Keywords: debt service, external debt, debt reduction, fiscal revenue, balance of payments

An IMF staff team has visited Dushanbe during April 23-May 3, 2001, to undertake the second review of the third annual arrangement under the Poverty Reduction and Growth Facility (PRGF). With the exception of a con...

Republic of Tajikistan
			: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper Second Progress Report

Republic of Tajikistan : Joint Staff Advisory Note of the Poverty Reduction Strategy Paper Second Progress Report »

Volume/Issue: 2006/2

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2006

DOI: http://dx.doi.org/10.5089/9781451837094.002

ISBN: 9781451837094

Keywords: reduction strategy, poverty reduction strategy paper, poverty reduction strategy, fiscal sustainability

This Joint Staff Advisory Note discusses the Poverty Reduction Strategy Paper (PRSP) Second Progress Report for the Republic of Tajikistan. The progress report presents a comprehensive assessment of the nature and...

Tajikistan
			: Second Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion-Staff Report and News Brief on the Executive Board Discussion

Tajikistan : Second Review Under the Third Annual Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion-Staff Report and News Brief on the Executive Board Discussion »

Volume/Issue: 2001/115

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2001

DOI: http://dx.doi.org/10.5089/9781451837025.002

ISBN: 9781451837025

Keywords: debt service, external debt, debt reduction, fiscal revenue, balance of payments

An IMF staff team has visited Dushanbe during April 23-May 3, 2001, to undertake the second review of the third annual arrangement under the Poverty Reduction and Growth Facility (PRGF). With the exception of a con...