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International Monetary Fund. African Dept.
This paper discusses key issues and policies for the Rwandan economy. Economic growth in Rwanda has been stronger than expected in 2015. However, growth prospects in 2016 appear gloomy. For example, mining exports have been almost halved in recent months due to low price and low demand. The principal tool to tackle the slump in the economy is continued exchange rate flexibility, accompanied by modest tightening of the monetary stance. Also, there are mid-term policies, for example, export diversification, improved revenue mobilization, and better public financial management that can help achieve sustained high and inclusive growth while strengthening resilience.
International Monetary Fund
Despite a relatively high GDP growth rate over the past decade (2000–10), economic growth in Mauritania has not been able to make a significant dent in poverty. Rapid and sustained poverty reduction requires inclusive growth that allows people to contribute to and benefit from expanding economic activity. Mauritania needs to make greater progress toward inclusive growth by enhancing the distributional impact of public spending and by improving the quality of pro-poor spending. The Executive Board recommends effective monetary policies to meet the challenges.
International Monetary Fund. External Relations Dept.
La edición del Boletín del FMI para la web se actualiza varias veces a la semana, y contiene una amplia variedad de artículos sobre temas de actualidad en materia de políticas y economía. Conozca las últimas investigaciones del FMI, lea entrevistas y escuche entrevistas digitales a destacados economistas del FMI sobre importantes cuestiones de la economía mundial.
International Monetary Fund
This paper discusses key findings of the Sixth Review Under the Poverty Reduction and Growth Facility (PRGF) for Georgia. Economic performance in recent years has been impressive, with the establishment of macroeconomic stability, a dramatic fiscal turnaround, and remarkable improvements in governance and the business environment. The original targets under the PRGF arrangement have been reached or exceeded. All quantitative performance criteria for the final review were met. Given the authorities’ strong performance, IMF staff supports the completion of the Sixth Review and the request for a waiver.
International Monetary Fund
The report assesses the Ex Post Assessment of Longer-Term Program Engagement. It reviews the success of the Poverty Reduction and Growth Facility (PRGF) program in achieving rapid growth, low inflation, and a comfortable external position. It highlights that the design of the programs has been appropriate, and conditionality has been focused. It analyzes that the program implementation improved under the PRGF, although some challenges still remain. Against this background, a Policy Support Instrument would be an appropriate form of economic support for Tanzania.
International Monetary Fund
This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Bangladesh. Several quantitative and structural performance criteria have been missed for the fourth PRGF review. The nonobservance of these performance criteria largely reflects delays in securing the disbursement of external program assistance and difficulties in achieving the necessary internal consensus for advancing key structural reforms. In view of the remedial measures implemented by the authorities, IMF staff supports the requests for waiver of performance criteria.
International Monetary Fund. External Relations Dept.
L’édition web du Bulletin du FMI est mise à jour plusieurs fois par semaine et contient de nombreux articles sur des questions de politique générale et de politique économique d'actualité. Accédez aux dernières recherches du FMI, lisez des interviews et écoutez des podcasts proposés par les principaux économistes du FMI sur des questions importantes de l'économie mondiale. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
IMF cancels debt; Iraq receives new loan; Brazil and Argentina repay IMF loans; Saudi Arabia Article IV summary; Credit booms in transition economies; India's textile and clothing sector; Maghreb parliamentarians; Public awareness of economic issues.
International Monetary Fund
The Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Waiver of Nonobservance of Performance Criteria for Rwanda are analyzed. The implementation of policies improved considerably in 2004, although economic performance has been adversely affected by exogenous shocks. Strong activity in construction, transport, and communication raised growth to 4 percent, despite major electricity shortages. Macroeconomic and structural policies will aim at enhancing private sector development and accelerating productivity-enhancing strategies. Fiscal policies will focus on supporting macroeconomic stability and improving the quality of spending through a sizable reallocation to priority areas.
International Monetary Fund
This paper examines Mozambique’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Mozambique’s performance in 2004 relative to the main macroeconomic objectives of the PRGF-supported program was satisfactory. The fiscal performance through September 2004 was adversely affected by a significant revenue shortfall. The program for 2005 envisages slower growth of 7.3 percent and a further decline in inflation to 8.5 percent by year-end. The program includes additional measures to improve liquidity sterilization, including through the introduction of foreign exchange auctions by end-February 2005.