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A Guide to Sovereign Debt Data

A Guide to Sovereign Debt Data »

Volume/Issue: 2019/195

Series: IMF Working Papers

Author(s): S. M. Ali Abbas , and Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 September 2019

DOI: http://dx.doi.org/10.5089/9781513511948.001

ISBN: 9781513511948

Keywords: Financial crises, Financial statistics, Domestic debt, Monetary statistics, External debt statistics, sovereign debt, public debt, government debt, debt statistics, historical database

The last decade or so has seen a mushrooming of new sovereign debt databases covering long time spans for several countries. This represents an important breakthrough for economists who have long sought to, but bee...

Zambia
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia

Zambia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia »

Volume/Issue: 2019/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2019

DOI: http://dx.doi.org/10.5089/9781513509884.002

ISBN: 9781513509884

Keywords: External sector, External debt, Economic growth, Economic indicators, Gross domestic product, arrears, percent of GDP, cash basis, public investment, overall balance

Zambia's development strategy has targeted a rapid scale-up of public investment to address infrastructure needs. This has resulted in large fiscal deficits, financed by nonconcessional debt and the accumulation of...

Somalia
			: 2019 Article IV Consultation-Second Review Under the Staff-Monitored Program, and Request for New Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Somalia

Somalia : 2019 Article IV Consultation-Second Review Under the Staff-Monitored Program, and Request for New Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Somalia »

Volume/Issue: 2019/256

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2019

DOI: http://dx.doi.org/10.5089/9781513509464.002

ISBN: 9781513509464

Keywords: External sector, Economic stabilization, Development, Fiscal policy, External debt, FGS, arrears, HIPC, PFM, Proj

The Somali authorities continue to make important strides in state-building and maintaining political and economic stability; nevertheless, Somalia remains fragile and vulnerable to security and climate shocks. Whi...

Cabo Verde
			: Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

Cabo Verde : Staff Report for the 2019 Article IV Consultation and Request for an Eighteen-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde »

Volume/Issue: 2019/255

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2019

DOI: http://dx.doi.org/10.5089/9781513509402.002

ISBN: 9781513509402

Keywords: External sector, Economic growth, External debt, International reserves, Economic indicators, SOEs, percent of GDP, medium-term, structural reform, primary balance

Following a long period of high growth, improved living standards and poverty reduction that lasted through the 2008 global financial crisis, Cabo Verde has been facing the challenge of low growth until recently an...

Indonesia
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia

Indonesia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia »

Volume/Issue: 2019/250

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2019

DOI: http://dx.doi.org/10.5089/9781513509129.002

ISBN: 9781513509129

Keywords: External sector, Financial systems, Balance of payments, External debt, Development, ISCR, CR, account deficit, percent of GDP, Proj

The Indonesian economy performed well in 2018, despite external headwinds, including capital flow reversals. Growth stabilized above 5 percent and inflation eased to around 3 percent. A surge in imports and weak ex...

Republic of Uzbekistan
			: 2019 Article IV Consultation-Press Release and Staff Report

Republic of Uzbekistan : 2019 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2019/129

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2019

DOI: http://dx.doi.org/10.5089/9781498314442.002

ISBN: 9781498314442

Keywords: External sector, Real sector, Economic growth, External debt, Economic indicators, ISCR, CR, CBU, Proj, percent of GDP

Given its bulging working-age population, creating more and better jobs is the country's overarching priority. Uzbekistan has already implemented a first wave of important economic reforms, including foreign exchan...

Republic of Madagascar
			: Technical Assistance Report-Report on Technical Assistance Mission in External Sector Statistics (July 2-13, 2018)

Republic of Madagascar : Technical Assistance Report-Report on Technical Assistance Mission in External Sector Statistics (July 2-13, 2018) »

Volume/Issue: 2019/110

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2019

DOI: http://dx.doi.org/10.5089/9781498312134.002

ISBN: 9781498312134

Keywords: Monetary statistics, Balance of payments statistics, Financial statistics, Exchange rate policy, External debt statistics, IIP, BFM, FDIS, ESS, CNPS

A technical assistance (TA) mission visited Antananarivo, Madagascar, from July 2-13, 2018, to provide assistance in the external sector statistics (ESS), including the balance of payments and international investm...

The Federal Democratic Republic of Ethiopia
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia »

Volume/Issue: 2018/18

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2018

DOI: http://dx.doi.org/10.5089/9781484338506.002

ISBN: 9781484338506

Keywords: Article IV consultation reports, Fiscal policy, Exchange rate policy, Monetary policy, Financial sector, Private sector, Social safety nets, Revenue mobilization, Infrastructure, Export diversification

Ethiopia has an impressive record of human development improvements and output growth-averaging about 10 percent in the last decade-underpinned by public investment and productivity gains. However, over the last th...

Debt Sustainability in Low-Income Countries
			: Policies, Institutions, or Shocks?

Debt Sustainability in Low-Income Countries : Policies, Institutions, or Shocks? »

Volume/Issue: 2017/114

Series: IMF Working Papers

Author(s): Yasemin Bal Gunduz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

DOI: http://dx.doi.org/10.5089/9781475599732.001

ISBN: 9781475599732

Keywords: Low-income countries, external debt sustainability, General, International Lending and Debt Problems

This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt...

Indonesia
			: Selected Issues

Indonesia : Selected Issues »

Volume/Issue: 2017/48

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2017

DOI: http://dx.doi.org/10.5089/9781475577624.002

ISBN: 9781475577624

Keywords: Selected Issues Papers, Asia and Pacific, Capital inflows, Economic growth, External debt, Fiscal policy, Social safety nets, Tax reforms, Private investment, Indonesia

This Selected Issues paper analyzes the capital inflows to Indonesia since the global financial crisis. Capital inflows to Indonesia have increased since the crisis. Their average volume increased from 3.25 percent...

2017 Handbook of IMF Facilities for Low-Income Countries

2017 Handbook of IMF Facilities for Low-Income Countries »

Volume/Issue: 2017/002

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2017

DOI: http://dx.doi.org/10.5089/9781498346238.007

ISBN: 9781498346238

Keywords: Extended Credit Facility, Fund facilities, Low income countries, Policy Support Instrument, Rapid Credit Facility, Standby Credit Facility, Economic conditions, Balance of payments, Balance of payments need, External debt

This Handbook provides guidance to staff on the financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the F...

Cabo Verde
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

Cabo Verde : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde »

Volume/Issue: 2016/366

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 November 2016

DOI: http://dx.doi.org/10.5089/9781475557718.002

ISBN: 9781475557718

Keywords: Article IV consultation reports, Economic growth, Public debt, External debt, Current account deficits, Fiscal policy, Fiscal consolidation, Private sector, Fiscal reforms, Monetary policy

This 2016 Article IV Consultation highlights that the economic growth of Cabo Verde in 2015 stagnated at 1.5 percent, slightly below the 1.9 percent registered in 2014. Tourism recovered and remittances remained ro...

Arrears to the IMF - A Ghost of the Past?

Arrears to the IMF - A Ghost of the Past? »

Volume/Issue: 2016/225

Series: IMF Working Papers

Author(s): Anne Oeking , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

DOI: http://dx.doi.org/10.5089/9781475554823.001

ISBN: 9781475554823

Keywords: International Monetary Fund, External debt, Arrears, International Monetary Arrangements and Institutions, International Lending and Debt Problems

In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears cases and attempt to identify determinants of their occurrence. We use narrative and formal methods. In addition, we analy...

Trade Costs of Sovereign Debt Restructurings
			: Does a Market-Friendly Approach Improve the Outcome?

Trade Costs of Sovereign Debt Restructurings : Does a Market-Friendly Approach Improve the Outcome? »

Volume/Issue: 2016/222

Series: IMF Working Papers

Author(s): Tamon Asonuma , Marcos Chamon , and Akira Sasahara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

DOI: http://dx.doi.org/10.5089/9781475553857.001

ISBN: 9781475553857

Keywords: Trade, Sovereign debt, Econometric models, External debt, Sovereign debt restructuring, Sovereign Debt; Sovereign Defaults; Sovereign Debt Restructurings; Trade; Panel Regression; Local Projections;, Sovereign Defaults, Sovereign Debt Restructurings, Panel Regression, Local Projections

Sovereign debt restructurings have been shown to influence the dynamics of imports and exports. This paper shows that the impact can vary substantially depending on whether the restructuring takes place preemptivel...

Sovereign Defaults, External Debt, and Real Exchange Rate Dynamics

Sovereign Defaults, External Debt, and Real Exchange Rate Dynamics »

Volume/Issue: 2016/37

Series: IMF Working Papers

Author(s): Tamon Asonuma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2016

DOI: http://dx.doi.org/10.5089/9781475597738.001

ISBN: 9781475597738

Keywords: Sovereign Defaults, External Debt, Real Exchange Rate, Currency Composition of Debt, Bond Spreads, exchange, default, exchange rate, defaults, International Lending and Debt Problems

Emerging countries experience real exchange rate depreciations around defaults. In this paper, we examine this observed pattern empirically and through the lens of a dynamic stochastic general equilibrium model. Th...

2016 Handbook of IMF Facilities for Low-Income Countries

2016 Handbook of IMF Facilities for Low-Income Countries »

Volume/Issue: 2016/017

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781498345910.007

ISBN: 9781498345910

Keywords: Catastrophe Containment and Relief Trust, Concessional aid, Conditionality, Extended Credit Facility, Fund facilities, HIPC Initiative, Low-income developing countries, Multilateral debt relief initiative, Policy Support Instrument, Publications

This Handbook provides guidance to staff on the financial and non-financial facilities for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It upda...

External Debt Statistics: Guide for Compilers and Users

External Debt Statistics: Guide for Compilers and Users »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2015

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781498345149.069

ISBN: 9781498345149

Keywords: Statistics, Guide, Task Force on Finance Statistics, TFFS, external debt, balance of payments, international investment position statistics, international finance, EDS Guide, external debt statistics Guide

The IMF has released the 2013 External Debt Statistics: Guide for Compilers and Users (2013 EDS Guide), which contains updated global standards for the compilation, reporting, and analytical use of external debt st...

Staff Guidance Note on the Implementation of Public Debt Limits in Fund-Supported Programs

Staff Guidance Note on the Implementation of Public Debt Limits in Fund-Supported Programs »

Volume/Issue: 2015/027

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2015

DOI: http://dx.doi.org/10.5089/9781498344609.007

ISBN: 9781498344609

Keywords: Borrowing, Concessional aid, Conditionality, External debt, Fund policies, Fund-supported adjustment programs, Public debt, Domestic debt, Access to international capital markets, Social security funds

In December 2014, the Executive Board approved new guidelines on the use of public debt limits in Fund-supported programs. The new guidelines enter into effect on June 30, 2015. The key changes with respect to the...

Portugal
			: Staff Report for the 2015 Article IV Consultation

Portugal : Staff Report for the 2015 Article IV Consultation »

Volume/Issue: 2015/126

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2015

DOI: http://dx.doi.org/10.5089/9781484389874.002

ISBN: 9781484389874

Keywords: monetary fund, market, external debt, banking system

This 2015 Article IV Consultation highlights that Portugal's significant flow imbalances have largely been corrected in the wake of the sovereign debt crisis, with employment increasing, output expanding, and the c...

Kingdom of the Netherlands-Aruba
			: Staff Report for the 2015 Article IV Consultation Discussions

Kingdom of the Netherlands-Aruba : Staff Report for the 2015 Article IV Consultation Discussions »

Volume/Issue: 2015/116

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2015

DOI: http://dx.doi.org/10.5089/9781475582697.002

ISBN: 9781475582697

Keywords: debt, monetary fund, market, external debt

This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years-the global financial crisis and shutdown o...

External Debt Statistics: Guide for Compilers and Users

External Debt Statistics: Guide for Compilers and Users »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2014

Language: Russian

DOI: http://dx.doi.org/10.5089/9781498316323.069

ISBN: 9781498316323

Keywords: Statistics, Guide, Task Force on Finance Statistics, TFFS, external debt, balance of payments, international investment position statistics, international finance, EDS Guide, external debt statistics Guide

The IMF has released the 2013 External Debt Statistics: Guide for Compilers and Users (2013 EDS Guide), which contains updated global standards for the compilation, reporting, and analytical use of external debt st...

Statistiques de la Dette Extérieure: Guide Pour Les Statisticiens et les Utilisateurs

Statistiques de la Dette Extérieure: Guide Pour Les Statisticiens et les Utilisateurs »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2014

Language: French

DOI: http://dx.doi.org/10.5089/9781498383844.069

ISBN: 9781498383844

Keywords: Statistics, Guide, Task Force on Finance Statistics, TFFS, external debt, balance of payments, international investment position statistics, international finance, EDS Guide, external debt statistics Guide

The IMF has released the 2013 External Debt Statistics: Guide for Compilers and Users (2013 EDS Guide), which contains updated global standards for the compilation, reporting, and analytical use of external debt st...

External Debt Statistics: Guide for Compilers and Users

External Debt Statistics: Guide for Compilers and Users »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2014

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781498399708.069

ISBN: 9781498399708

Keywords: Statistics, Guide, Task Force on Finance Statistics, TFFS, external debt, balance of payments, international investment position statistics, international finance, EDS Guide, external debt statistics Guide

The IMF has released the 2013 External Debt Statistics: Guide for Compilers and Users (2013 EDS Guide), which contains updated global standards for the compilation, reporting, and analytical use of external debt st...

Côte d'Ivoire
			: Sixth Review Under the Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Twelve-Month Extension of the Current Arrangement

Côte d'Ivoire : Sixth Review Under the Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Twelve-Month Extension of the Current Arrangement »

Volume/Issue: 2014/358

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2014

DOI: http://dx.doi.org/10.5089/9781498349741.002

ISBN: 9781498349741

Keywords: debt, monetary fund, market, investment, external debt

All end-June performance criteria and indicative targets under the ECF arrangement were met, and all structural benchmarks were completed, albeit with minor delays. However, there was a nonobservance of the continu...

Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth

Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth »

Volume/Issue: 2014/230

Series: IMF Working Papers

Author(s): Sandra Marcelino , and Ivetta Hakobyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2014

DOI: http://dx.doi.org/10.5089/9781498369671.001

ISBN: 9781498369671

Keywords: Growth, debt, debt burden, debt sustainability, external debt, International Lending and Debt Problems, Economic Growth of Open Economies, Macroeconomic Analyses of Economic Development,

In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative-a comprehensive debt relief program aimed at reducing the external debt burden of eligible countries to sustainable leve...

Zimbabwe
			: Third Review Under the Staff-Monitored Program and Successor Staff-Monitored Program

Zimbabwe : Third Review Under the Staff-Monitored Program and Successor Staff-Monitored Program »

Volume/Issue: 2014/322

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2014

DOI: http://dx.doi.org/10.5089/9781498359993.002

ISBN: 9781498359993

Keywords: debt, arrears, inflation, monetary fund, external debt

This paper discusses Zimbabwe's Third Review Under the Staff-Monitored Program (SMP) and the successor SMP. Zimbabwe has succeeded in keeping macroeconomic conditions relatively stable, despite difficult political...

Reform of the Policy on Public Debt Limits in Fund-Supported Programs

Reform of the Policy on Public Debt Limits in Fund-Supported Programs »

Volume/Issue: 2014/083

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2014

DOI: http://dx.doi.org/10.5089/9781498342568.007

ISBN: 9781498342568

Keywords: Concessional aid, Conditionality, External debt, Fund policies, Fund-supported adjustment programs, Low-income developing countries, Public debt

The reform of the Fund's policy on the use of conditionality on public external debt in Fund-supported programs (the 'debt limits policy') has been under discussion since March 2013. The discussion has taken place...

Reform of the Policy on Public Debt Limits in Fund-Supported Programs-Proposed Decision and Proposed New Guidelines

Reform of the Policy on Public Debt Limits in Fund-Supported Programs-Proposed Decision and Proposed New Guidelines »

Volume/Issue: 2014/082

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2014

DOI: http://dx.doi.org/10.5089/9781498342551.007

ISBN: 9781498342551

Keywords: Concessional aid, Conditionality, Executive Board decisions, External debt, Fund policies, Fund-supported adjustment programs, Public debt, Policy instruments, fund arrangement, performance criterion

This supplement refers to the reforms proposed in Reform of the Policy on Public Debt Limits in Fund-Supported Programs to the existing framework governing external debt limits in Fund arrangements, and presents th...

Cyprus
			: Staff Report for the 2014 Article IV Consultation

Cyprus : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/313

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2014

DOI: http://dx.doi.org/10.5089/9781498340793.002

ISBN: 9781498340793

Keywords: debt sustainability, external debt, current account, central bank

KEY ISSUES Background: The large imbalances that accumulated prior to the global financial crisis culminated in a collapse of the banking sector in early 2013. In response, the authorities took unprecedented meas...

The Federal Democratic Republic of Ethiopia
			: Selected Issues Paper

The Federal Democratic Republic of Ethiopia : Selected Issues Paper »

Volume/Issue: 2014/304

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2014

DOI: http://dx.doi.org/10.5089/9781498335294.002

ISBN: 9781498335294

Keywords: commercial borrowing, bank borrowing, external debt, debt sustainability, bank credit

...

Guinea
			: Requests for Disbursement Under the Rapid Credit Facility and For Modification of Performance Criteria Under the Extended Credit Facility Arrangement

Guinea : Requests for Disbursement Under the Rapid Credit Facility and For Modification of Performance Criteria Under the Extended Credit Facility Arrangement »

Volume/Issue: 2014/298

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2014

DOI: http://dx.doi.org/10.5089/9781484340288.002

ISBN: 9781484340288

Keywords: central bank, external debt, debt relief, current account, balance of payments

EXECUTIVE SUMMARY Guinea is suffering from an outbreak of Ebola, which has become a humanitarian crisis with a significant economic impact. Preliminary estimates suggest a negative impact on 2014 growth, which wi...

Sierra Leone
			: Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review

Sierra Leone : Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review »

Volume/Issue: 2014/300

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2014

DOI: http://dx.doi.org/10.5089/9781498375467.002

ISBN: 9781498375467

Keywords: external debt, balance of payments, current account, central bank, treasury bills

KEY ISSUES Background. The Ebola outbreak that started in one district in late May has spread to the entire country, overwhelming already weak institutions and ill-equipped medical facilities. At end-August, over...

St. Kitts and Nevis
			: Ninth and Final Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Proposal for Post-Program Monitoring

St. Kitts and Nevis : Ninth and Final Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Proposal for Post-Program Monitoring »

Volume/Issue: 2014/297

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2014

DOI: http://dx.doi.org/10.5089/9781498376105.002

ISBN: 9781498376105

Keywords: public debt, external debt, current account, debt restructuring, debt forgiveness

KEY ISSUES Stand-By Arrangement (SBA): The 36-month SBA for SDR 52.51 million (590 percent of quota) was approved on July 27, 2011. The seventh and eighth reviews were completed on March 19, 2014, together with t...

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior »

Volume/Issue: 2014/176

Series: IMF Working Papers

Author(s): Calixte Ahokpossi , Laurence Allain , and Giovanna Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

DOI: http://dx.doi.org/10.5089/9781498349727.001

ISBN: 9781498349727

Keywords: Concessionality, debt limits policy, propensity score matching, external debt, public debt, private creditors, debt relief, concessional debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The pape...

Burundi
			: Staff Report for the 2014 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria

Burundi : Staff Report for the 2014 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria »

Volume/Issue: 2014/293

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2014

DOI: http://dx.doi.org/10.5089/9781498332774.002

ISBN: 9781498332774

Keywords: central bank, external shocks, external debt, current account, domestic financing

KEY ISSUES Context: Since the last Article IV Consultation in 2012, notable progress has been achieved to enhance macroeconomic stability, underpinned by the Fund-supported program. However, continued progress co...

Sri Lanka
			: First Post-Program Monitoring Discussion

Sri Lanka : First Post-Program Monitoring Discussion »

Volume/Issue: 2014/289

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 September 2014

DOI: http://dx.doi.org/10.5089/9781498394024.002

ISBN: 9781498394024

Keywords: central bank, external debt, external borrowing, current account, balance of payments

EXECUTIVE SUMMARY Context. Sri Lanka's economy has navigated recent market turbulence relatively well. Growth has remained solid, inflation is in mid-single digits, and the current account deficit has narrowed. F...

Guatemala
			: Staff Report for the 2014 Article IV Consultation

Guatemala : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/287

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2014

DOI: http://dx.doi.org/10.5089/9781498338127.002

ISBN: 9781498338127

Keywords: inflation, current account, external debt, central bank

KEY ISSUES Context. Guatemala's economy has performed solidly since the 2008-09 crisis. Output has converged to potential, inflation is under control, and macroeconomic policies remain prudent. However, risks to...

Belize
			: Staff Report for the 2014 Article IV Consultation

Belize : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/280

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2014

DOI: http://dx.doi.org/10.5089/9781498311724.002

ISBN: 9781498311724

Keywords: central bank, external debt, current account

KEY ISSUES Outlook and risks. The economy will remain vulnerable over the medium term, with sluggish real GDP growth, rising public debt and widening external current account deficits. International reserves could...

Chad
			: Request for a Three-Year Arrangement Under the Extended Credit Facility

Chad : Request for a Three-Year Arrangement Under the Extended Credit Facility »

Volume/Issue: 2014/282

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2014

DOI: http://dx.doi.org/10.5089/9781498324519.002

ISBN: 9781498324519

Keywords: oil, external debt, debt management, current account, debt relief

KEY ISSUES Context: Chad is a fragile country with weak institutional capacity that needs to manage volatile and exhaustible oil revenues prudently to tackle its large development needs. Chad is enjoying a period...

Tunisia
			: Fourth Review Under the Stand-by Arrangement and Request for Modification of Performance Criteria

Tunisia : Fourth Review Under the Stand-by Arrangement and Request for Modification of Performance Criteria »

Volume/Issue: 2014/277

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 2014

DOI: http://dx.doi.org/10.5089/9781498350761.002

ISBN: 9781498350761

Keywords: external debt, current account, central bank, current account deficit, public debt

EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month Stand-By Arrangement in an amount equivalent to 400 percent of quota (SDR 1.146 billion or about $1.75 billion). To date, SDR...

2014 Handbook of IMF Facilities for Low-Income Countries

2014 Handbook of IMF Facilities for Low-Income Countries »

Volume/Issue: 2014/070

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2014

DOI: http://dx.doi.org/10.5089/9781498342803.007

ISBN: 9781498342803

Keywords: Concessional aid, Conditionality, Extended Credit Facility, Fund facilities, HIPC Initiative, Low-income developing countries, Multilateral debt relief initiative, Policy Support Instrument, Publications, Rapid Credit Facility

This Handbook, an updated version of a similarly titled document issued in May 2012 (IMF, 2012c), provides guidance to staff on the financial facilities for low-income countries (LICs) that became effective in Janu...

Kingdom of the Netherlands-Curaçao and Sint Maarten
			: 2014 Article IV Consultation-Staff Report; and Press Release

Kingdom of the Netherlands-Curaçao and Sint Maarten : 2014 Article IV Consultation-Staff Report; and Press Release »

Volume/Issue: 2014/239

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2014

DOI: http://dx.doi.org/10.5089/9781484336304.002

ISBN: 9781484336304

Keywords: Article IV consultation reports, Fiscal policy, Fiscal reforms, Labor market reforms, Bank supervision, Economic indicators, Debt sustainability analysis, Staff Reports, Press releases, Curacao

KEY ISSUES Context: The union's current account deficit-the key economic vulnerability flagged in the previous (2011) consultation-has declined over the past few years, including thanks to fiscal adjustment in Cur...

St. Vincent and the Grenadines
			: Staff Report for the 2012 Article IV Consultation

St. Vincent and the Grenadines : Staff Report for the 2012 Article IV Consultation »

Volume/Issue: 2014/251

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2014

DOI: http://dx.doi.org/10.5089/9781498308434.002

ISBN: 9781498308434

Keywords: current account, public sector debt, current account deficit, external debt, debt sustainability

KEY ISSUES Background: Activity is slowly recovering after a cumulative decline of about 5 percent during 2008-10. Expansionary fiscal policies-largely to counteract the impact of the global slowdown and the two...

Georgia
			: Request for a Stand-by Arrangement

Georgia : Request for a Stand-by Arrangement »

Volume/Issue: 2014/250

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2014

DOI: http://dx.doi.org/10.5089/9781498382069.002

ISBN: 9781498382069

Keywords: current account, external debt, current account deficit, balance of payments, public debt

KEY ISSUES Context. Georgia's previous Fund-supported program, which expired in April 2014, met most of its objectives, in particular by reducing Georgia's external and fiscal imbalances. The program also helped...

Paraguay
			: Report on the Observance of Standards and Codes (ROSC)-Data Module Volume I

Paraguay : Report on the Observance of Standards and Codes (ROSC)-Data Module Volume I »

Volume/Issue: 2014/248

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 August 2014

DOI: http://dx.doi.org/10.5089/9781484315781.002

ISBN: 9781484315781

Keywords: national accounts, external debt, balance of payments, government finance, central bank

OVERALL ASSESSMENT This Report on the Observance of Standards and Codes (ROSC)-Data Module provides an update of the assessment conducted in February 2006, which was based on the July 2003 version of the IMF's Data...

Philippines
			: Staff Report for the 2014 Article IV Consultation

Philippines : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/245

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2014

DOI: http://dx.doi.org/10.5089/9781498353052.002

ISBN: 9781498353052

Keywords: current account, external debt, short-term debt, government debt, public debt

KEY ISSUES Context. Growth remains rapid, but has moderated from the 71/4 percent recorded in 2013. Remittances and accommodative monetary and financial conditions remain the primary growth drivers, despite volatil...

Guinea
			: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review

Guinea : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review »

Volume/Issue: 2014/244

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 August 2014

DOI: http://dx.doi.org/10.5089/9781498307192.002

ISBN: 9781498307192

Keywords: central bank, external debt, debt relief, debt management, public debt

EXECUTIVE SUMMARY Economic activity remained weak in early 2014. Activity was impacted by an outbreak of the Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty...

Tonga
			: Staff Report for the 2014 Article IV Consultation

Tonga : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/240

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2014

DOI: http://dx.doi.org/10.5089/9781498388870.002

ISBN: 9781498388870

Keywords: budget support, current account, tax incentives, external debt

KEY ISSUES Context: Tonga's economy is rebounding, partially owing to a recovery in agricultural exports. The outlook for tourism is also improving. The reconstruction from a recent cyclone is expected to lead...

Morocco
			: Request for an Arrangement Under the Precautionary and Liquidity Line and Cancellation of the Current Arrangement

Morocco : Request for an Arrangement Under the Precautionary and Liquidity Line and Cancellation of the Current Arrangement »

Volume/Issue: 2014/241

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

DOI: http://dx.doi.org/10.5089/9781498348140.002

ISBN: 9781498348140

Keywords: current account, external debt, public debt, current account deficit, balance of payments

EXECUTIVE SUMMARY Morocco's economic track record was challenged in recent years by a series of exogenous shocks, to which the authorities responded vigorously. Facing a difficult international environment, the aut...

Republic of Kazakhstan
			: Staff Report for the 2014 Article IV Consultation

Republic of Kazakhstan : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/242

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

DOI: http://dx.doi.org/10.5089/9781498305235.002

ISBN: 9781498305235

Keywords: oil, current account, external debt, gas, debt sustainability

KEY ISSUES Context: Solid growth in recent years, supported by high oil prices and output, has boosted living standards. This year, the economy is slowing down, in large part because of weaker domestic and extern...

Lebanon
			: Staff Report for the 2014 Article IV Consultation

Lebanon : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/237

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2014

DOI: http://dx.doi.org/10.5089/9781484368282.002

ISBN: 9781484368282

Keywords: current account, public debt, external debt, debt sustainability, external financing

KEY ISSUES Context: The economy is being severely tested by the Syria crisis. The refugee influx has reached one quarter of the population, fueling already high unemployment and poverty. The political impasse...

Former Yugoslav Republic of Macedonia
			: Staff Report for the 2014 Article IV Consultation and Third Post-Program Monitoring Discussions

Former Yugoslav Republic of Macedonia : Staff Report for the 2014 Article IV Consultation and Third Post-Program Monitoring Discussions »

Volume/Issue: 2014/231

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

DOI: http://dx.doi.org/10.5089/9781498376549.002

ISBN: 9781498376549

Keywords: external debt, current account, central bank, public debt, debt ratio

Growth accelerated to 3.1 percent in 2013, driven by a positive net exports contribution. The broad policy direction is supportive of near term macroeconomic stability. The key challenge is to transition from stabi...

Republic of Belarus
			: Staff Report for the 2014 Article IV Consultation

Republic of Belarus : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/226

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

DOI: http://dx.doi.org/10.5089/9781498383356.002

ISBN: 9781498383356

Keywords: exchange rate, current account, external debt, current account balance, balance of payments

KEY ISSUES Context: Attempts to boost activity with policy stimulus, in lieu of much-needed structural reform, have failed to raise growth and contributed to large external imbalances. Adverse developments in the...

People's Republic of China-Macao Special Administrative Region
			: Staff Report for the 2014 Article IV Consultation Discussions

People's Republic of China-Macao Special Administrative Region : Staff Report for the 2014 Article IV Consultation Discussions »

Volume/Issue: 2014/229

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2014

DOI: http://dx.doi.org/10.5089/9781498365000.002

ISBN: 9781498365000

Keywords: current account, external debt, currency board, external shocks, balance of payments

KEY MESSAGES Setting. Discussions took place for the first time since the handover of Macao SAR from Portugal to China in 1999. Prudent macroeconomic management has underpinned rapid development in the territory...

United Republic of Tanzania
			: Request for a Three-Year Policy Support Instrument

United Republic of Tanzania : Request for a Three-Year Policy Support Instrument »

Volume/Issue: 2014/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2014

DOI: http://dx.doi.org/10.5089/9781498385879.002

ISBN: 9781498385879

Keywords: external debt, current account, public debt, domestic financing, debt sustainability

KEY ISSUES Economic background and outlook. Tanzania has enjoyed strong and stable growth, projected to remain at 7 percent next year and in the medium term. Inflation is at 6 percent, gradually converging to...

Chile
			: Staff Report for the 2014 Article IV Consultation

Chile : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/218

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

DOI: http://dx.doi.org/10.5089/9781498380331.002

ISBN: 9781498380331

Keywords: Chile, central bank, external debt, current account, financial stability, net debt

KEY ISSUESPolitics: President Bachelet won the Presidential election on a platform to fosterinclusive growth and reduce inequality. Her government took office in March 2014 and is launching an ambitiou...

Zimbabwe
			: First and Second Reviews Under the Staff Monitored Program

Zimbabwe : First and Second Reviews Under the Staff Monitored Program »

Volume/Issue: 2014/220

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

DOI: http://dx.doi.org/10.5089/9781498343923.002

ISBN: 9781498343923

Keywords: external debt, public debt management, reserve bank, budget balance, debt management

EXECUTIVE SUMMARY Zimbabwe's performance under the Staff-Monitored Program (SMP) has been broadly satisfactorily through the difficult electoral transition period, and the authorities have taken corrective measure...

Burkina Faso
			: Staff Report for the 2014 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Waiver and Modification of Performance Criteria

Burkina Faso : Staff Report for the 2014 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Waiver and Modification of Performance Criteria »

Volume/Issue: 2014/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2014

DOI: http://dx.doi.org/10.5089/9781498329361.002

ISBN: 9781498329361

Keywords: domestic financing, current account, external debt, central bank, current account deficit

EXECUTIVE SUMMARY Growth remains robust, despite slight downward revisions. Growth estimates for 2013 and projections for 2014 were revised to 6.6 and 6.8 percent, respectively, reflecting weather and weaker ter...

Sudan
			: Staff-Monitored Program

Sudan : Staff-Monitored Program »

Volume/Issue: 2014/203

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 July 2014

DOI: http://dx.doi.org/10.5089/9781498334822.002

ISBN: 9781498334822

Keywords: debt relief, external debt, central bank, current account, current account balance

EXECUTIVE SUMMARY Context: Sudan is a fragile state mired in a heavy debt burden, international sanctions, and volatile domestic and regional political environments. These problems, together with limited revenue...

Grenada
			: Staff Report for the 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement

Grenada : Staff Report for the 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement »

Volume/Issue: 2014/196

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

DOI: http://dx.doi.org/10.5089/9781498363709.002

ISBN: 9781498363709

Keywords: public debt, current account, external debt, central bank

This 2014 Article IV Consultation highlights that Grenada's economy continues to face significant headwinds after a decade of natural disasters and economic shocks coalesced into a deep economic crisis by 2011-2012...

Kyrgyz Republic
			: Kyrgyz Republic-Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility

Kyrgyz Republic : Kyrgyz Republic-Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility »

Volume/Issue: 2014/200

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2014

DOI: http://dx.doi.org/10.5089/9781498392532.002

ISBN: 9781498392532

Keywords: external debt, current account, public debt, reserve assets, debt sustainability

This paper discusses Kyrgyz Republic's Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility. Following exceptionally strong performance in 2013, growth is moderating to a more sustainabl...

Liberia
			: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria

Liberia : Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria »

Volume/Issue: 2014/197

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2014

DOI: http://dx.doi.org/10.5089/9781498354660.002

ISBN: 9781498354660

Keywords: external borrowing, external debt, central bank, current account, debt management

This paper focuses on Liberia's Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC) and Modification of Performance Criteria. Real...

Zimbabwe
			: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Zimbabwe

Zimbabwe : 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Zimbabwe »

Volume/Issue: 2014/202

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2014

DOI: http://dx.doi.org/10.5089/9781498383028.002

ISBN: 9781498383028

Keywords: external debt, current account, current account deficit, external financing, reserve bank

This 2014 Article IV Consultation highlights that economic rebound in Zimbabwe experienced since the end of hyperinflation in 2009 has now ended. After averaging 10 percent over 2009-2012, growth fell to an estimat...

Iceland
			: Fourth Post-Program Monitoring Discussions

Iceland : Fourth Post-Program Monitoring Discussions »

Volume/Issue: 2014/194

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

DOI: http://dx.doi.org/10.5089/9781498308106.002

ISBN: 9781498308106

Keywords: external debt, central bank, current account, government debt

This paper discusses Iceland's Fourth Post-Program Monitoring Discussions. Iceland's economy has grown strongly on the back of booming tourism. Real GDP grew 3.3 percent in 2013, despite a drop in investment spendi...

Spain
			: Staff Report for the 2014 Article IV Consultation

Spain : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/192

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2014

DOI: http://dx.doi.org/10.5089/9781498348157.002

ISBN: 9781498348157

Keywords: current account, public debt, external debt, debt restructuring

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in d...

Bosnia and Herzegovina
			: Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria

Bosnia and Herzegovina : Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria »

Volume/Issue: 2014/189

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2014

DOI: http://dx.doi.org/10.5089/9781498345064.002

ISBN: 9781498345064

Keywords: external debt, public debt, current account, balance of payments

This paper discusses Bosnia and Herzegovina's Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria (PC). Program performance beca...

Rwanda
			: First Review Under the Policy Support Instrument

Rwanda : First Review Under the Policy Support Instrument »

Volume/Issue: 2014/185

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2014

DOI: http://dx.doi.org/10.5089/9781498393195.002

ISBN: 9781498393195

Keywords: external debt, domestic debt, current account, treasury bills, central bank

This paper discusses Rwanda's First Review Under the Policy Support Instrument. Rwanda continues to face the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imb...

Seychelles
			: Request for an Arrangement Under the Extended Fund Facility

Seychelles : Request for an Arrangement Under the Extended Fund Facility »

Volume/Issue: 2014/186

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2014

DOI: http://dx.doi.org/10.5089/9781498346979.002

ISBN: 9781498346979

Keywords: central bank, public debt, balance of payments, external debt, current account

This paper discusses Seychelles' Request for an Arrangement Under the Extended Fund Facility (EFF). In the five years following the 2008 balance of payments and debt crisis, the authorities have successfully enacte...

United Arab Emirates
			: Staff Report for the 2014 Article IV Consultation

United Arab Emirates : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/187

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2014

DOI: http://dx.doi.org/10.5089/9781498326476.002

ISBN: 9781498326476

Keywords: current account, central bank, government debt, external debt, debt sustainability

This 2014 Article IV Consultation highlights that the United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability. The economic recovery has been solid, supported by...

Russian Federation
			: Staff Report for the 2014 Article IV Consultation

Russian Federation : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/175

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2014

DOI: http://dx.doi.org/10.5089/9781498309929.002

ISBN: 9781498309929

Keywords: inflation, current account, external debt, central bank, gdp deflator

This 2014 Article IV Consultation highlights that the Russian Federation's growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth sl...

Republic of Poland
			: Staff Report for the 2014 Article IV Consultation

Republic of Poland : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/173

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2014

DOI: http://dx.doi.org/10.5089/9781498389938.002

ISBN: 9781498389938

Keywords: public debt, external debt, current account, inflation, short-term debt

This 2014 Article IV Consultation highlights that Poland's economy is steadily recovering from the 2012-2013 slowdown on the back of Poland's very strong fundamentals and policies. Real GDP growth moderated to 1.6...

Colombia
			: Review Under the Flexible Credit Line Arrangement

Colombia : Review Under the Flexible Credit Line Arrangement »

Volume/Issue: 2014/172

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2014

DOI: http://dx.doi.org/10.5089/9781498334914.002

ISBN: 9781498334914

Keywords: external debt, current account, current account deficit, public debt, central bank

This paper discusses Colombia's Review Under the Flexible Credit Line (FCL) Arrangement. Growth is projected to remain robust in 2014 and beyond, although risks are tilted to the downside. Real GDP is projected to...

Solomon Islands
			: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands

Solomon Islands : Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands »

Volume/Issue: 2014/170

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 June 2014

DOI: http://dx.doi.org/10.5089/9781498330374.002

ISBN: 9781498330374

Keywords: central bank, external debt, debt management, current account, public debt

This paper discusses Solomon Islands' Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC). Program performance under the ECF arrangement has b...

Niger
			: Second and Third Reviews Under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and for Extension of the Program Period and Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria

Niger : Second and Third Reviews Under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and for Extension of the Program Period and Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria »

Volume/Issue: 2014/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2014

DOI: http://dx.doi.org/10.5089/9781498368018.002

ISBN: 9781498368018

Keywords: domestic financing, external debt, debt relief, public debt management

This paper discusses Niger's Second and Third Reviews Under the Extended Credit Facility (ECF) Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and for Extension of the Program Period a...

External Debt Statistics

External Debt Statistics »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2014

DOI: http://dx.doi.org/10.5089/9781484366622.069

ISBN: 9781484366622

Keywords: external debt, external debt position, central bank, bonds, contingent liabilities, Debt (external), Central banks, Balance of payments

The External Debt Statistics: Guide for Compilers and Users (EDS Guide) contains updated global standards for the compilation, reporting, and analytical use of external debt statistics. The 2013 EDS Guide was prep...

Central African Republic
			: Request for Disbursement Under the Rapid Credit Facility and Cancellation of the Extended Credit Facility Arrangement

Central African Republic : Request for Disbursement Under the Rapid Credit Facility and Cancellation of the Extended Credit Facility Arrangement »

Volume/Issue: 2014/164

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2014

DOI: http://dx.doi.org/10.5089/9781498346863.002

ISBN: 9781498346863

Keywords: balance of payments, external debt, current account, public finance, debt sustainability

This paper focuses on Central African Republic's (CAR) Request for Disbursement Under the Rapid Credit Facility (RCF) and Cancellation of the Extended Credit Facility Arrangement. The transitional government in CAR...

Côte D'Ivoire
			: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Extension of the Current Arrangement

Côte D'Ivoire : Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Extension of the Current Arrangement »

Volume/Issue: 2014/163

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2014

DOI: http://dx.doi.org/10.5089/9781498355865.002

ISBN: 9781498355865

Keywords: external debt, public debt, current account, domestic financing

This paper discusses Côte d'Ivoire's Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Requests for Modification of Performance Criteria (PC) and Extension of the Current Ar...

Ukraine
			: Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring

Ukraine : Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring »

Volume/Issue: 2014/145

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2014

DOI: http://dx.doi.org/10.5089/9781498351027.002

ISBN: 9781498351027

Keywords: current account, external debt, current account deficit, short-term debt, public debt

This paper discusses Ukraine's 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January-September 2...

Jordan
			: Staff Report for the 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance Criteria

Jordan : Staff Report for the 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance Criteria »

Volume/Issue: 2014/152

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

DOI: http://dx.doi.org/10.5089/9781498395137.002

ISBN: 9781498395137

Keywords: current account, external debt, public debt, external financing, current account deficit

This paper focuses on Jordan's 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement (SBA), Request for Waivers of Nonobservance of Performance Criterion (PC) and Applicability of PC...

New Zealand
			: Staff Report for the 2014 Article IV Consultation

New Zealand : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/158

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

DOI: http://dx.doi.org/10.5089/9781498392143.002

ISBN: 9781498392143

Keywords: inflation, terms of trade, current account, external debt

This 2014 Article IV Consultation highlights that the economic expansion in New Zealand is becoming increasingly embedded and broad based, with growth exceeding 3 percent in the second half of 2013. The drivers inc...

Panama
			: Staff Report for the 2014 Article IV Consultation

Panama : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/157

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

DOI: http://dx.doi.org/10.5089/9781498397209.002

ISBN: 9781498397209

Keywords: current account, external debt, public debt, current account deficit, banking

This 2014 Article IV Consultation highlights that Panama's economic performance remains buoyant. Real GDP growth averaged about 8.5 percent over the past decade, the highest in Latin America, supported by an ambiti...

Hungary
			: Staff Report for the 2014 Article IV Consultation

Hungary : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

DOI: http://dx.doi.org/10.5089/9781498395069.002

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

Benin
			: Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion

Benin : Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion »

Volume/Issue: 2014/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 June 2014

DOI: http://dx.doi.org/10.5089/9781498359443.002

ISBN: 9781498359443

Keywords: external debt, domestic financing, current account, central bank, domestic debt

This paper discusses Benin's Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion (PC). The last review of Benin's ECF arrangement c...

Bangladesh
			: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria

Bangladesh : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria »

Volume/Issue: 2014/149

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 June 2014

DOI: http://dx.doi.org/10.5089/9781498387965.002

ISBN: 9781498387965

Keywords: external debt, external borrowing, debt management, current account, public debt

This paper discusses Bangladesh's Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria (PC). All PCs at end-December 2013 (the test...

Republic of Mozambique
			: Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria; Staff Report; Debt Sustainability Analysis; Press Release; and Statement by the Executive Director for Republic of Mozambique

Republic of Mozambique : Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria; Staff Report; Debt Sustainability Analysis; Press Release; and Statement by the Executive Director for Republic of Mozambique »

Volume/Issue: 2014/148

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2014

DOI: http://dx.doi.org/10.5089/9781498318426.002

ISBN: 9781498318426

Keywords: external debt, public debt, current account

This paper discusses Mozambique's Second Review Under the Policy Support Instrument (PSI) and Request for Modification of Assessment Criteria. Mozambique's economy remains buoyant and recovered quickly from the sev...

Colombia
			: Staff Report for the 2014 Article IV Consultation

Colombia : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/141

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

DOI: http://dx.doi.org/10.5089/9781498395144.002

ISBN: 9781498395144

Keywords: current account, external debt, current account deficit, public debt, central bank

KEY ISSUES Context. Colombia's economic performance has been robust, underpinned by a very strong policy framework. Last year, real GDP grew by 4.3 percent, with low inflation. The country has a strong external po...

Republic of Croatia
			: Staff Report for the 2014 Article IV Consultation

Republic of Croatia : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/124

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2014

DOI: http://dx.doi.org/10.5089/9781484396513.002

ISBN: 9781484396513

Keywords: external debt, current account, public debt, central bank, external financing

This 2014 Article IV Consultation highlights that Croatia remains stuck in an unusually drawn out recession. In 2013, real GDP contracted for the 5th consecutive year, and stands now at less than 90 percent of the...

Tunisia
			: Third Review Under the Stand-by Arrangement, Request for Modification of Performance Criteria and Waivers of Applicability

Tunisia : Third Review Under the Stand-by Arrangement, Request for Modification of Performance Criteria and Waivers of Applicability »

Volume/Issue: 2014/123

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2014

DOI: http://dx.doi.org/10.5089/9781484394472.002

ISBN: 9781484394472

Keywords: central bank, external debt, current account, public debt, external financing

EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month SBA in an amount equivalent to 400 percent of quota (SDR 1.15 billion or about $1.75 billion). To date, SDR 427.92 equivalent to...

Republic of Latvia
			: Staff Report for the 2014 Article IV Consultation

Republic of Latvia : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/115

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

DOI: http://dx.doi.org/10.5089/9781484376294.002

ISBN: 9781484376294

Keywords: external debt, banking, current account, banking system, debt sustainability

Latvia entered the euro area in January 2014 with the fastest rate of growth in Europe. The 2014 Article IV Consultation highlights that a slowdown in investment and exports was partly compensated by robust consump...

Republic of Lithuania
			: Staff Report for the 2014 Article IV Consultation

Republic of Lithuania : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/113

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

DOI: http://dx.doi.org/10.5089/9781484374733.002

ISBN: 9781484374733

Keywords: external debt, public debt, current account, public finances, debt ratio

This 2014 Article IV Consultation highlights that Lithuania's economy has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe has a long way to go. With...

Qatar
			: Staff Report for the 2014 Article IV Consultation

Qatar : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/108

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

DOI: http://dx.doi.org/10.5089/9781484368541.002

ISBN: 9781484368541

Keywords: current account, external debt, central bank, financial regulation, financial stability

This 2014 Article IV Consultation highlights that Qatar's macroeconomic performance has remained strong. GDP growth slowed from 13 percent in 2011 to 6.2 percent in 2012, mostly owing to the self-imposed moratorium...

Mauritius
			: Staff Report for the 2014 Article IV Consultation

Mauritius : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/107

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 May 2014

DOI: http://dx.doi.org/10.5089/9781484367582.002

ISBN: 9781484367582

Keywords: external debt, current account, public debt, current account deficit, debt sustainability

This 2014 Article IV Consultation highlights that with subdued international prices, inflationary pressures in Mauritius declined in 2013, despite the public sector wage increases. The unemployment rate was unchang...

Portugal
			: Eleventh Review Under the Extended Arrangement, and Request for Extension of the Arrangement and Waivers of Applicability of End-March Performance Criteria

Portugal : Eleventh Review Under the Extended Arrangement, and Request for Extension of the Arrangement and Waivers of Applicability of End-March Performance Criteria »

Volume/Issue: 2014/102

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2014

DOI: http://dx.doi.org/10.5089/9781475517385.002

ISBN: 9781475517385

Keywords: current account, external debt, debt restructuring, debt sustainability, government debt, Portugal:,

This Eleventh Review Under the Extended Arrangement and Request for Extension of the Arrangement focuses on Portugal's macroeconomic framework and fiscal policy. Sovereign bond yields have declined sharply, buoyed...

Romania
			: First and Second Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Program conditionality, and Rephasing of the Availability Dates of Purchases

Romania : First and Second Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Program conditionality, and Rephasing of the Availability Dates of Purchases »

Volume/Issue: 2014/87

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2014

DOI: http://dx.doi.org/10.5089/9781475516005.002

ISBN: 9781475516005

Keywords: external debt, current account, public debt, central bank, government debt

This first and second reviews under the Stand-By-Arrangement analyzes Ex Post Evaluation of exceptional access for Romania. Efforts are needed to strengthen monetary policy transmission. The banking system remains...

Republic of Armenia
			: Request for Arrangement Under the Extended Fund Facility

Republic of Armenia : Request for Arrangement Under the Extended Fund Facility »

Volume/Issue: 2014/89

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

DOI: http://dx.doi.org/10.5089/9781475535778.002

ISBN: 9781475535778

Keywords: current account, current account deficit, external debt, public debt, central bank

This paper discusses Armenia's Request for Arrangement Under the Extended Fund Facility (EFF). Performance under the 2010-2013 program, which was supported by arrangements under the EFF and Extended Credit Facility...

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries »

Volume/Issue: 2014/49

Series: IMF Working Papers

Author(s): Huixin Bi , Wenyi Shen , and Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

DOI: http://dx.doi.org/10.5089/9781475521665.001

ISBN: 9781475521665

Keywords: fiscal limits, sovereign default risk, state-dependent fiscal multiplier, government spending, tax rates, External Debt, and Fiscal Policy in Developing Countries, General,

This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and f...

Pakistan
			: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance of Performance Criteria

Pakistan : Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance of Performance Criteria »

Volume/Issue: 2014/90

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2014

DOI: http://dx.doi.org/10.5089/9781475581331.002

ISBN: 9781475581331

Keywords: government debt, current account, balance of payments, domestic debt, external debt

This paper assesses Pakistan's Second Review Under the Extended Arrangement and Request for Waivers of Non-Observance of Performance Criteria. Discussions focused on progress in addressing the main macroeconomic ch...

St. Kitts and Nevis
			: Staff Report for the 2014 Article IV Consultation and the Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criterion

St. Kitts and Nevis : Staff Report for the 2014 Article IV Consultation and the Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criterion »

Volume/Issue: 2014/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

DOI: http://dx.doi.org/10.5089/9781475579116.002

ISBN: 9781475579116

Keywords: public debt, current account, external debt, debt sustainability

This paper elaborates 2014 Article IV Consultation, Seventh and Eight Reviews Under the Stand-By Arrangement (SBA), and Request for Waivers of Applicability and Non-Observance of Performance Criterion for St. Kitts...

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries »

Volume/Issue: 2014/48

Series: IMF Working Papers

Author(s): Andrew Berg , Enrico Berkes , Catherine Pattillo , Andrea Presbitero , and Yorbol Yakhshilikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

DOI: http://dx.doi.org/10.5089/9781475579772.001

ISBN: 9781475579772

Keywords: DSF, Sovereign debt crises, debt thresholds, external debt, debt crises, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each o...

Albania
			: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement

Albania : Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement »

Volume/Issue: 2014/78

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 March 2014

DOI: http://dx.doi.org/10.5089/9781484338339.002

ISBN: 9781484338339

Keywords: current account, balance of payments, debt sustainability, external debt

This 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are constraini...