Browse

You are looking at 1 - 6 of 6 items for :

  • Western Hemisphere x
  • Health, Education, and Welfare x
  • Finance, Public x
  • Public Economics x
  • Tax administration and procedure x
Clear All
International Monetary Fund. Western Hemisphere Dept.

The fallout from the COVID-19 crisis is hitting ECCU economies hard. Tourism receipts (accounting for nearly 40 percent of GDP) have dried up, as tourist arrivals have come to a grinding halt. The authorities successfully contained the spread of the virus at the onset of the pandemic by largely closing the borders, but a reopening of the economies since the summer has led to a surge in COVID cases. The ECCU economy is projected to contract by 16 percent in 2020 and by a further near ½ percent in 2021. Fiscal positions have deteriorated sharply, and public debt is projected to reach near 90 percent of GDP in 2021 and remain at an elevated level for years to come. Headline indicators suggest the financial system is relatively sound with ample liquidity buffers, but nonperforming loans are expected to rise significantly. The outlook is clouded by exceptionally high risks, including from the uncertainty concerning the evolution of the pandemic.

International Monetary Fund
This paper discusses Central African Republic’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Performance under the authorities’ Emergency Post-Conflict Assistance (EPCA) program has been generally satisfactory through end-September 2006, taking into account the difficult external environment. Overall, the main objectives of the EPCA program for this year should be achieved, with a moderate increase in economic growth, an improved fiscal position, and some progress in structural policies. The authorities’ program for 2007–09 aims to build a firm foundation for accelerating private sector-led growth and alleviating poverty.
International Monetary Fund. Western Hemisphere Dept.

During the past three decades, Jamaica has shown low economic growth and high public debt, and has faced other social challenges. To help restore competitiveness and improve financial market conditions, the authorities have come up with a comprehensive four-year economic program—2013/14 through 2016/17—that aims to avert immediate crisis risks and create the necessary conditions for sustained growth. The program’s main pillars include structural reforms, fiscal adjustments supported by extensive fiscal reforms, and improved social protection programs.

International Monetary Fund

Abstract

This paper provides a brief description of the IMF and its activities, focusing in particular on its technical assistance (TA) activities. The report then describes in greater detail the Japan Administered Account for Selected Fund Activities (JSA)—including its scope and objectives, the size and uses of the TA contribution, and assessments of its TA activities and scholarship programs—with a focus on fiscal year (FY) 2009. Japan has provided grant contributions to support IMF technical assistance to member countries since 1990. In 1997, the scope of the administered account was widened to allow for financing other IMF activities in Asia and the Pacific, carried out through the IMF Regional Office for Asia and the Pacific in Tokyo. Regular consultations are held between the IMF and the Japanese authorities; the most recent formal meeting took place in April 2009. The use of JSA resources is flexible. JSA funds can be used to cover the cost of short- and long-term TA experts and other costs associated with conducting seminars and workshops, such as room rental fees.

International Monetary Fund

Abstract

In 1990, Japan agreed to provide financial support for IMF technical assistance (TA) to its member countries to strengthen their capacity to formulate, implement, and maintain macro-economic and structural adjustment programs. Since then, Japan has continued to be the largest single contributor to the IMF’s technical assistance and training activities. Japan’s contributions are provided through the Japan Administered Account for Selected Fund Activities (JSA).1 In addition, Japan finances two scholarship programs—one under the JSA and another under a separate subaccount.

Mr. Emre Balibek, Ian Storkey, and Hakan Yavuz
Cash and debt management operations are part of the “transactional” functions of public financial management. It is critical that these functions are resilient to external disruptions, ranging from information and communication technology (ICT) system outages to natural disasters. This technical manual aims to provide guidance on the steps that government cash and debt management units can follow to develop and implement a practical business continuity plan that economizes the resources used. It also discusses the evolving nature of business disruption risks faced by cash and debt management over the last decade, including the COVID-19 pandemic, as well as risk mitigation solutions that have emerged.