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You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Public financial management (PFM) x
  • Public Economics x
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Cover IMF Staff Country Reports
West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the West African Economic and Monetary Union
International Monetary Fund. African Dept.
After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal consolidation is expected to start in 2021 and bring back the aggregate fiscal deficit towards the 3 percent of GDP regional ceiling within three years. Growth is expected to recover swiftly in 2021–22 to pre-crisis levels, but the economic outlook is still uncertain.
Keywords:
ISCR; CR; WAEMU region; GDP series; IMF definition; GDP ratio; policy dialogue; executive board discussion; gradual fiscal consolidation; COVID-19; Government debt management; Credit; Securities; West Africa; Sub-Saharan Africa
Cover Regional Economic Outlook, April 2021, Middle East and Central Asia
Regional Economic Outlook, April 2021, Middle East and Central Asia
International Monetary Fund. Middle East and Central Asia Dept.

Abstract

A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia, and the path to recovery in 2021 is expected to be long and divergent. The outlook will vary significantly across countries, depending on the pandemic’s path, vaccine rollouts, underlying fragilities, exposure to tourism and contact-intensive sectors, and policy space and actions. 2021 will be the year of policies that continue saving lives and livelihoods and promote recovery, while balancing the need for debt sustainability and financial resilience. At the same time, policymakers must not lose sight of the transformational challenges to build forward better and accelerate the creation of more inclusive, resilient, sustainable, and green economies. Regional and international cooperation will be key complements to strong domestic policies.

Keywords:
COVID-19; pandemic; recovery; financial crisis; public health; lockdown; social distancing; IMF staff calculation; net bank financing; financing risk; financing constraint; policy space constraint; Oil; Emerging and frontier financial markets; Government debt planning; Oil prices; Middle East and Central Asia; Global; Central Asia and the Caucasus; Middle East; North Africa
Cover IMF Staff Country Reports
West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the West African Economic and Monetary Union
International Monetary Fund. African Dept.
After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal consolidation is expected to start in 2021 and bring back the aggregate fiscal deficit towards the 3 percent of GDP regional ceiling within three years. Growth is expected to recover swiftly in 2021–22 to pre-crisis levels, but the economic outlook is still uncertain.
Keywords:
ISCR; CR; WAEMU region; GDP series; IMF definition; GDP ratio; policy dialogue; executive board discussion; gradual fiscal consolidation; COVID-19; Government debt management; Credit; Securities; West Africa; Sub-Saharan Africa