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Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries »

Source: Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries

Volume/Issue: 2021/009

Series: IMF Working Papers

Author(s): Sebastian Beer , and Dan Devlin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566801

Keywords: Corporate income tax, Tax avoidance, Transfer pricing rules, Mining sector, Natural resources, International Corporate Taxation, Multinational Firms, Mining, Petroleum, Profit Shifting

Profit shifting remains a key concern in international tax system debate, but discussions are largely based on aggregate estimates, with less attention paid to individual sectors. Drawing on a novel dataset, we qua...

Pandemics and Automation: Will the Lost Jobs Come Back?1 »

Source: Pandemics and Automation: Will the Lost Jobs Come Back?

Volume/Issue: 2021/011

Series: IMF Working Papers

Author(s): Tahsin Saadi Sedik , and Jiae Yoo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566849

Keywords: Robotics, COVID-19 , Income inequality, Automation, Communicable diseases, Pandemics, Robots, Inequality., WP, pandemic event

COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes empirically the impact of past major pandemics on robot adoption and inequality. First, we find...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People's Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

Language: Chinese

ISBN: 9781513566610

Selected Issues...

Revisiting the Stabilization Role of Public Banks: Public Debt Matters »

Source: Revisiting the Stabilization Role of Public Banks: Public Debt Matters

Volume/Issue: 2021/007

Series: IMF Working Papers

Author(s): H. Elif Ture

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566788

Keywords: State-owned banks, Bank credit, Public debt, Loans, Global financial crisis of 2008-2009, Public banks, countercyclical lending, economic stabilization, high public debt, WP

This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this role. During the global financial crisis (GFC), public banks were widely used to counter the priv...

The Role of E-Government in Promoting Foreign Direct Investment Inflows »

Source: The Role of E-Government in Promoting Foreign Direct Investment Inflows

Volume/Issue: 2021/008

Series: IMF Working Papers

Author(s): Ali Al-Sadiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566795

Keywords: Foreign direct investment, Public employment, Corruption, Logit models, Infrastructure, E-government, Developing Countries, WP, FDI inflow, E-government service

The outbreak of the COVID-19 pandemic has helped accelerate the digitization of public services. The lockdown initiated by most governments to curb the spread of the coronavirus forced most public agencies to switc...

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting: December 10, 2020 »

Source: Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting: December 10, 2020

Volume/Issue: 2021/001

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2021

ISBN: 9781513566542

As the COVID-19 crisis continues to unfold, uncertainty remains exceptionally high. The Fund has provided extraordinary financial support as well as timely analysis and policy advice during the first phase of the c...

Economic Governance Reforms to Support Inclusive Growth in the Middle East, North Africa, and Central Asia »

Source: Economic Governance Reforms to Support Inclusive Growth in the Middle East, North Africa, and Central Asia

Volume/Issue: 2021/001

Series: Departmental Papers

Author(s): Christopher Jarvis , Gaelle Pierre , Benedicte Baduel , Dominique Fayad , Alexander de Keyserling , Babacar Sarr , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2021

ISBN: 9781513520759

Keywords: Institutional governance, Corruption, Inclusive growth, Middle East and Central Asia, Fiscal governance, Anti-money laundering and combating the financing of terrorism (AML/CFT), Fiscal transparency, Revenue administration transparency and accountability, Good Governance;EconomicGovernance;Corruption;Inclusive Growth

This IMF Departmental Paper presents the key areas in which countries of the Middle East, North Africa, and the Caucasus and Central Asia (MECA) can enhance governance and fight corruption to achieve their economic...

COVID’s Long Shadow: Social Repercussions of Pandemics »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

Credit Where Credit Is Due: Policies to Mitigate the Pandemic Fallout »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

IMF Executive Board Concludes First Review Under Jordan’s Extended Fund Facility Arrangement and Rephases Access to Address the Impact of COVID-19 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Inequality and the Conduct of Monetary Policy »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

Interview with Gian Maria Milesi-Ferretti »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

Is Remote Working? An Index of Teleworking Capacity by Country »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

Jordan: First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Rules or Fear? Tracking the Early Economic Impact of COVID-19 and Mitigation Policies »

Source: IMF Research Perspectives : Fall-Winter 2020

Volume/Issue: 2020/002

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513564081

Keywords: COVID-19

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the hist...

Statement by Mahmoud Mohieldin, Executive Director for Jordan, Sami Geadah, Alternate Executive Director for Jordan, and Mira Merhi, Advisor for Jordan December 14, 2020 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Statement by the Staff Representative on Jordan December 14, 2020 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Dissecting Economic Growth in Uruguay »

Source: Dissecting Economic Growth in Uruguay

Volume/Issue: 2021/002

Series: IMF Working Papers

Author(s): Natasha Che

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513564708

Keywords: Exports, Commodity prices, Real exchange rates, Total factor productivity, Exchange rates, economic growth, Uruguay, commodity price boom, sustainable growth, economy of Uruguay

Uruguay experienced one of its biggest economic booms in history during 2004-2014. Since then, growth has come down significantly. The paper investigates the various causes of the boom and discusses the sustainabil...

Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword »

Source: Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword

Volume/Issue: 2021/004

Series: IMF Working Papers

Author(s): Barry Eichengreen , Balazs Csonto , Asmaa ElGanainy , and Zsoka Koczan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566382

Keywords: capital flows, capital account, remittances, and inequality.

We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different typ...

IMF Executive Board Completes the Final Review Under the Policy Coordination Instrument for the Republic of Serbia »

Source: Republic of Serbia : Fifth Review under the Policy Coordination Instrument-Press Release; and Staff Report

Volume/Issue: 2021/008

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566252

Keywords: Loans, Public debt, COVID-19 , Exchange rates, Fiscal risks, ISCR, CR, program priority, Serbia's real GDP growth, inflation band

Recent economic developments. Economic activity recovered following a severe contraction in 2Q2020 caused by the pandemic. Real output in 2020 has been revised up and is now projected to contract by only 1.5 percen...

IMF Executive Board Completes the First and Second Review under the Extended Credit Facility for Liberia, and Approves US$48.86 Million Disbursement »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

IMF Executive Board Concludes 2020 Article IV Consultation with the People’s Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Investor Information and Bank Instability During the Euro Crisis »

Source: Investor Information and Bank Instability During the Euro Crisis

Volume/Issue: 2021/005

Series: IMF Working Papers

Author(s): Silvia Iorgova , and Chase Ross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566412

Keywords: Financial crises, Credit default swap, Global financial crisis of 2008-2009, Securities, Stocks, information production, safe asset, WP, reference securities, information-production ratio

Outside of financial crises, investors have little incentive to produce private information on banks' short-term liabilities held as information-insensitive safe assets. The same does not hold true during crises. W...

Liberia »

Source: Liberia : Poverty Reduction and Growth Strategy

Volume/Issue: 2021/010

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566313

Keywords: Education, Health, Population and demographics, Infrastructure, Labor, ISCR, CR, private sector, absolute poverty, gross domestic product

The Pro-Poor Agenda for Prosperity and Development 2018 to 2023 (PAPD) is the second in the series of 5-year National Development Plans (NDP) anticipated under the Liberia Vision 2030 framework. It follows the Agen...

Liberia: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria—Debt Sustainability Analysis »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

Liberia: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria— Informational Annex »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

Liberia: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

People’s Republic of China: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the People’S Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People's Republic of China: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

Language: Chinese

ISBN: 9781513566344

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People’s Republic of China: Staff Report for the 2020 Article IV Consultation— Informational Annex »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Politically Robust Financial Regulation »

Source: Politically Robust Financial Regulation

Volume/Issue: 2021/001

Series: IMF Working Papers

Author(s): Itai Agur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566375

Keywords: Bank solvency, Financial sector, Global financial crisis of 2008-2009, Financial crises, Deposit insurance, Time inconsistency, Political economy, Financial stability, Bank regulation., WP

The deferred recognition of COVID-induced losses at banks in many countries has reignited the debate on regulatory forbearance. This paper presents a model where the public's own political pressure drives regulator...

Republic of Serbia: Fifth Review Under the Policy Coordination Instrument—Press Release; and Staff Report »

Source: Republic of Serbia : Fifth Review under the Policy Coordination Instrument-Press Release; and Staff Report

Volume/Issue: 2021/008

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566252

Keywords: Loans, Public debt, COVID-19 , Exchange rates, Fiscal risks, ISCR, CR, program priority, Serbia's real GDP growth, inflation band

Recent economic developments. Economic activity recovered following a severe contraction in 2Q2020 caused by the pandemic. Real output in 2020 has been revised up and is now projected to contract by only 1.5 percen...

Some Alternative Monetary Facts »

Source: Some Alternative Monetary Facts

Volume/Issue: 2021/006

Series: IMF Working Papers

Author(s): Peter Stella , Manmohan Singh , and Apoorv Bhargava

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566429

Keywords: Monetary base, Monetary aggregates, Inflation, Currencies, Demand for money, money aggregates, monetary financing, central bank balance sheet, WP, bank reserves

In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that previous naïve co...

Statement by Jin Zhongxia, Executive Director for People’s Republic of China, Zhengxin Zhang, Alternate Executive Director, and Yun Liu, Senior Advisor to Executive Director December 17, 2020 »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Statement by Ms. Ita Mannathoko, Executive Director for Liberia, and Mr. Bernard Wleh Jappah, Senior Advisor to the Executive Director December 21, 2020 »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

Statement by the Staff Representative on Liberia December 21, 2020 »

Source: Liberia : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Volume/Issue: 2021/009

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566283

Keywords: Public debt, Debt sustainability analysis, External debt, Currencies, Fiscal stance, ISCR, CR, staff appraisal, staff statement, currency management plan

Restoring macroeconomic stability, providing a foundation for sustainable inclusive growth, and addressing weaknesses in governance remain the main objectives of this program. While allowing for a slight fiscal loo...

The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses »

Source: The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses

Volume/Issue: 2021/003

Series: IMF Working Papers

Author(s): Pragyan Deb , Sanaa Nadeem , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566115

Keywords: Capital flows, Exchange rates, Central bank policy rate, Real exchange rates, Credit, Spillovers, international financial cycle, balance sheet, transmission channels, foreign exchange intervention

Asian economies are increasingly integrated to the global economy through trade and financial linkages, exposing them to the international financial cycle. This paper explores how external shocks are transmitted to...

Arab Republic of Egypt: First Review Under The Stand-by Arrangement and Monetary Policy Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt »

Source: Arab Republic of Egypt : First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Volume/Issue: 2021/007

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2021

ISBN: 9781513566214

Keywords: Public debt, Revenue administration, External debt, Budget planning and preparation, COVID-19 , ISCR, CR, consumer price index inflation, consumer price inflation, internal audit mechanism

The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support...

Arab Republic of Egypt: First Review Under the Stand-by Arrangement and Monetary Policy Consultation—Supplementary Information »

Source: Arab Republic of Egypt : First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Volume/Issue: 2021/007

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2021

ISBN: 9781513566214

Keywords: Public debt, Revenue administration, External debt, Budget planning and preparation, COVID-19 , ISCR, CR, consumer price index inflation, consumer price inflation, internal audit mechanism

The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support...

Central African Republic »

Source: Central African Republic : Technical Assistance Report-Governance Diagnostic Report

Volume/Issue: 2021/005

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2021

ISBN: 9781513566139

Keywords: Corruption, Tax administration core functions, Customs administration core functions, Civil service, Anti-money laundering and combating the financing of terrorism (AML/CFT), ISCR, CR, organic law, government website, CAR authorities

The gradual return to peace in the Central African Republic (CAR) promises stronger and more equitable growth. Nonetheless, the country faces serious constraints with a security situation that remains vulnerable an...

IMF Executive Board Completes First Review under the Stand-By Arrangement (SBA) for the Arab Republic of Egypt »

Source: Arab Republic of Egypt : First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Volume/Issue: 2021/007

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2021

ISBN: 9781513566214

Keywords: Public debt, Revenue administration, External debt, Budget planning and preparation, COVID-19 , ISCR, CR, consumer price index inflation, consumer price inflation, internal audit mechanism

The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support...

Statement by Mahmoud Mohieldin, Executive Director for Arab Republic of Egypt, Wafa Abdelati, Senior Advisor to the Executive Director, and Perrihan Al-Riffai, Advisor to the Executive Director December 18, 2020 »

Source: Arab Republic of Egypt : First Review Under the Stand-By Arrangement and Monetary Policy Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Volume/Issue: 2021/007

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2021

ISBN: 9781513566214

Keywords: Public debt, Revenue administration, External debt, Budget planning and preparation, COVID-19 , ISCR, CR, consumer price index inflation, consumer price inflation, internal audit mechanism

The growth impact of the COVID-19 crisis has so far been less severe than expected, as strong consumption helped offset weak tourism and investment. Measures taken to address the health and social needs and support...

Djibouti »

Source: Djibouti : Technical Assistance Report-External Sector Statistics

Volume/Issue: 2021/004

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513566009

Keywords: Foreign direct investment, Balance of payments statistics, External sector statistics, Transportation, Customs unions, ISCR, CR, balance of payments survey, ANPI data, balance of payments compiler

An external sector statistics (ESS) mission visited Djibouti from January 26-30, 2020. This was the fourth mission under the JSA/AFR project to improve ESS in 17 Francophone African countries. The mission found tha...

IMF Executive Board Concludes 2020 Article IV Consultation with Morocco »

Source: Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2021/002

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565958

Keywords: Public debt, COVID-19 , Credit, Loans, External debt, ISCR, CR, vaccination campaign, vaccine dose, draft budget law

As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt re...

IMF Executive Board Extends Immediate Debt Service Relief for Mali for Another Six Months »

Source: Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

Volume/Issue: 2021/003

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565996

Keywords: Debt service, Debt relief, Public debt, COVID-19 , Health care, ISCR, CR, IMF lending tracker, tranche of debt service relief, eligible debt service

The COVID-19 pandemic and the August 2020 coup d'état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to...

Mali: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust—Press Release; and Staff Report »

Source: Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

Volume/Issue: 2021/003

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565996

Keywords: Debt service, Debt relief, Public debt, COVID-19 , Health care, ISCR, CR, IMF lending tracker, tranche of debt service relief, eligible debt service

The COVID-19 pandemic and the August 2020 coup d'état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to...

Morocco: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Morocco »

Source: Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2021/002

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565958

Keywords: Public debt, COVID-19 , Credit, Loans, External debt, ISCR, CR, vaccination campaign, vaccine dose, draft budget law

As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt re...

Morocco: Staff Report for the 2020 Article IV Consultation and Proposal for Post-program Monitoring—Informational Annex »

Source: Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2021/002

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565958

Keywords: Public debt, COVID-19 , Credit, Loans, External debt, ISCR, CR, vaccination campaign, vaccine dose, draft budget law

As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt re...

Statement by Mr. El Qorchi on Morocco December 18, 2020 »

Source: Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2021/002

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565958

Keywords: Public debt, COVID-19 , Credit, Loans, External debt, ISCR, CR, vaccination campaign, vaccine dose, draft budget law

As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt re...

Statement by the Staff Representative on Morocco December 18, 2020 »

Source: Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2021/002

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2021

ISBN: 9781513565958

Keywords: Public debt, COVID-19 , Credit, Loans, External debt, ISCR, CR, vaccination campaign, vaccine dose, draft budget law

As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt re...

Djibouti »

Source: Djibouti : Technical Assistance Report-External Sector Statistics

Volume/Issue: 2021/004

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

Language: French

ISBN: 9781513566054

Keywords: Foreign direct investment, Balance of payments statistics, External sector statistics, Transportation, Customs unions, ISCR, CR, balance of payments survey, ANPI data, balance of payments compiler

An external sector statistics (ESS) mission visited Djibouti from January 26-30, 2020. This was the fourth mission under the JSA/AFR project to improve ESS in 17 Francophone African countries. The mission found tha...

IMF Executive Board Completes Third Review Under the Policy Coordination Instrument (PCI) for Rwanda »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Rwanda: Third Review Under the Policy Coordination Instrument—Debt Sustainability Analysis »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Rwanda: Third Review Under the Policy Coordination Instrument—Press Release; Staff Report; and Statements by the Executive Director and Staff Representative for Rwanda »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Statement by the Executive Director, Mr. Aivo Andrianarivelo, the Senior Advisor of the Executive Director, Mr. Marcellin Koffi Alle, and the Advisor of the Executive Director, Ms. Loy Nankunda, on Rwanda December 16, 2020 »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Statement by the Staff Representative on Rwanda Executive Board Meeting December 16, 2020 »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Bajo la lupa: Tiempos de incertidumbre »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

Cómo hacer de Estados Unidos un país más igualitario »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

Críticas de Libros »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

Définir le cadre d’une économie des données »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: French

ISBN: 9781513554730

Finance & Development, December 2020...

Disparidades en Tiempo Real »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

Disparités en temps réel »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: French

ISBN: 9781513554730

Finance & Development, December 2020...

El trabajo secreto de los elefantes »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

En Las Trincheras: La lucha contra la corrupción »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: Spanish

ISBN: 9781513554761

Finance & Development, December 2020...

En première ligne: Sanctionner la corruption »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: French

ISBN: 9781513554730

Finance & Development, December 2020...

Entre Nous: Pas de retour en arrière »

Source: Finance & Development, December 2020

Volume/Issue: 2020/004

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2020

Language: French

ISBN: 9781513554730

Finance & Development, December 2020...