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Statement by The Managing Director on the Work Program of The Executive Board »

Source: Statement by The Managing Director on the Work Program of The Executive Board : June 11, 2020

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2020

ISBN: 9781513549781

Keywords: External sector, Financial sector development, Regional economics, Financial markets, Macroprudential policies and financial stability, PP, briefing, policy response, financial development, DSSI

The COVID 19 crisis continues to take a heavy human and economic toll. The outlook remains highly uncertain as many countries are facing the economic fallout of the pandemic. This has led to an unprecedented surge...

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Republic of Kosovo »

Source: Republic of Kosovo : Technical Assistance Report-Financial Sector Stability Review

Volume/Issue: 192020/217

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2020

ISBN: 9781513549682

Keywords: Financial regulation and supervision, Financial crises, Macroprudential policies and financial stability, Financial markets, Financial institutions, ISCR, CR, CBK, MFIs, CBB

The FSSR mission team conducted a diagnostic review of CBK governance and of the financial system, undertook a stocktaking of the implementation of recommendations from the 2012 Financial Sector Assessment Program...

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El Salvador »

Source: El Salvador : Technical Assistance Report-The Capacity Development National Accounts Statistics Mission

Volume/Issue: 192020/216

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548982

Keywords: Supply and demand, Balance of payments, Economic analysis, National accounts, Gross domestic product, ISCR, CR, input-output, SUT, use table

A technical Assistance (TA) Mission was conducted by CAPTAC-DR1 from May 14 to 18, 2018 with the objective of supporting the Central Reserve Bank of El Salvador (CBR) in its efforts to strengthen its national accou...

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IMF Executive Board Approves a US$ 356.5 Million Disbursement to Myanmar to Address the COVID-19 Pandemic »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 192020/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548937

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Credit, External sector, Macroprudential policies and financial stability, Central banks, Flexible exchange rates, ISCR, CR, DSSI

The COVID-19 pandemic is expected to hit hard Myanmar's economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backd...

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Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument—Debt Sustainability Analysis »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 192020/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548937

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Credit, External sector, Macroprudential policies and financial stability, Central banks, Flexible exchange rates, ISCR, CR, DSSI

The COVID-19 pandemic is expected to hit hard Myanmar's economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backd...

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Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 192020/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548937

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Credit, External sector, Macroprudential policies and financial stability, Central banks, Flexible exchange rates, ISCR, CR, DSSI

The COVID-19 pandemic is expected to hit hard Myanmar's economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backd...

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Republic of Poland: Technical Assistance Report—Progress Report on Budget System Reform—Developing a Standard Chart of Accounts and a Medium-Term Budget Framework »

Source: Republic of Poland : Technical Assistance Report-Progress Report on Budget System Reform-Developing a Standard Chart of Accounts and a Medium-term Budget Framework

Volume/Issue: 192020/213

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548869

The Polish government is making good progress with implementing the ambitious Budget System Reforms (BSR) program, first approved by the Council of Ministers (CoM) in 2016. The government demonstrates a high level...

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Statement by Alisara Mahasandana, Executive Director for Myanmar; and Acharawat Srisongkram, Advisor to Executive Director June 26, 2020 »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 192020/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2020

ISBN: 9781513548937

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Credit, External sector, Macroprudential policies and financial stability, Central banks, Flexible exchange rates, ISCR, CR, DSSI

The COVID-19 pandemic is expected to hit hard Myanmar's economy via weaker exports, tourism, remittances and domestic demand. The economic and social costs of a widespread outbreak could be large, against the backd...

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The Promise of Fintech »

Source: The Promise of Fintech : Financial Inclusion in the Post COVID-19 Era

Volume/Issue: 2020/9

Series: Departmental Papers

Author(s): Ratna Sahay , Ulric Allmen , Amina Lahreche , Purva Khera , Sumiko Ogawa , Majid Bazarbash , and Kimberly Beaton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2020

ISBN: 9781513512242

Keywords: Financial inclusion, Technological innovation, Financial services, Financial services industry, Contagious diseases, Financial crises, Financial institutions, Macroprudential policies and financial stability, COVID-19, Pandemic

Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the wor...

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Guinea- Bissau »

Source: Guinea- Bissau : Technical Assistance Report-Enhancing Governance and the Anti-Corruption Framework: Next Steps

Volume/Issue: 192020/214

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2020

ISBN: 9781513548890

Keywords: Revenue administration, Tax policy, Tax evasion, Social security, Public financial management, ISCR, CR, Contas, SOEs, judicial police

Political instability has limited the development of Guinea-Bissau's institutional capacity. For example, tensions between the President and the leadership of the country's largest political party led to six chang...

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Seychelles »

Source: Seychelles : Technical Assistance Report-Scoping the Prospects for Financial Market Development

Volume/Issue: 192020/200

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2020

ISBN: 9781513547169

Keywords: Reserve requirements, Financial markets, Central banking and monetary issues, Financial institutions, Financial infrastructure, ISCR, CR, T-bill, government security, interbank

This Technical Assistance (TA) mission focused on scoping the prospects of developing a secondary market for government securities in Seychelles. The Central Bank of Seychelles (CBS) has a leading role in developin...

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Tonga »

Source: Tonga : Technical Assistance Report-Climate Change Policy Assessment

Volume/Issue: 192020/212

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2020

ISBN: 9781513548791

Keywords: Economic reforms, Economic growth, Financial management, Public financial management, Poverty, ISCR, CR, NIIP, development partner, disaster risk

Tonga is one of the world's most exposed countries to climate change and natural disasters. It suffered the highest loss from natural disasters in the world (as a ratio to GDP) in 2018 and is among the top five ove...

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Republic of Belarus »

Source: Republic of Belarus : Technical Assistance Report-Enhancing Monetary Policy Modeling Capacity, Monetary Policy Implementation, and the Forecasting and Policy Analysis System

Volume/Issue: 192020/209

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2020

ISBN: 9781513548630

Keywords: Bank rates, Fiscal sector, Market interest rates, Central banks, Open market operations, ISCR, CR, external communication, interbank, RMP

The NBRB has made substantial progress in improving its forecasting and policy analysis system (FPAS) and integrating it into monetary policy decision-making. The FPAS, and the model-based forecasts and policy anal...

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IMF Executive Board Approves a US$363.6 Million Disbursement to Papua New Guinea to Address the COVID-19 Pandemic »

Source: Papua New Guinea : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Volume/Issue: 192020/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548708

Keywords: Rapid Credit Facility (RCF), Real sector, External sector, Economic indicators, Credit, External debt, ISCR, CR, percent of GDP, PNG

The COVID-19 pandemic erupted just as the government was beginning to implement wide-ranging fiscal, foreign exchange, structural, and governance measures under a Staff-Monitored Program (SMP). The authorities have...

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India »

Source: India : Technical Assistance Report-State of Tamil Nadu-Modernizing Budget Formulation and Managing Fiscal Risks

Volume/Issue: 192020/208

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548586

Keywords: Public financial management, Budget estimates, Fiscal policy, Financial crises, Economic stabilization, ISCR, CR, PSUs, GSDP, budget estimate

Although Tamil Nadu's public financial management has been characterized by strong fiscal discipline to date, risks and challenges are emerging. The State has largely observed the Fiscal Responsibility Act targets...

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Papua New Guinea : Request for Disbursement Under the Rapid Credit Facility—Debt Sustainability Analysis »

Source: Papua New Guinea : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Volume/Issue: 192020/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548708

Keywords: Rapid Credit Facility (RCF), Real sector, External sector, Economic indicators, Credit, External debt, ISCR, CR, percent of GDP, PNG

The COVID-19 pandemic erupted just as the government was beginning to implement wide-ranging fiscal, foreign exchange, structural, and governance measures under a Staff-Monitored Program (SMP). The authorities have...

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Papua New Guinea : Request for Disbursement Under the Rapid Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea »

Source: Papua New Guinea : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Volume/Issue: 192020/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548708

Keywords: Rapid Credit Facility (RCF), Real sector, External sector, Economic indicators, Credit, External debt, ISCR, CR, percent of GDP, PNG

The COVID-19 pandemic erupted just as the government was beginning to implement wide-ranging fiscal, foreign exchange, structural, and governance measures under a Staff-Monitored Program (SMP). The authorities have...

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Statement by Nigel Ray, Executive Director for Papua New Guinea and Laura Johnson, Senior Advisor to Executive Director June 5, 2020 »

Source: Papua New Guinea : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Volume/Issue: 192020/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548708

Keywords: Rapid Credit Facility (RCF), Real sector, External sector, Economic indicators, Credit, External debt, ISCR, CR, percent of GDP, PNG

The COVID-19 pandemic erupted just as the government was beginning to implement wide-ranging fiscal, foreign exchange, structural, and governance measures under a Staff-Monitored Program (SMP). The authorities have...

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IMF Executive Board Approves US$ 83.7 Million in Emergency Support to Montenegro to Combat COVID-19 Pandemic »

Source: Montenegro : Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains a...

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Montenegro: Request for Purchase Under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for Montenegro »

Source: Montenegro : Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains a...

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Statement by Mr. Anthony De Lannoy, Executive Director for Montenegro and Mr. Liviu Voinea, Senior Advisor to the June 24, 2020 »

Source: Montenegro : Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Volume/Issue: 192020/210

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2020

ISBN: 9781513548661

Keywords: Rapid Financing Instrument (RFI), Fiscal sector, Public debt, Banking systems, Financial markets, Debt sustainability, ISCR, CR, Eurobond, finance gap

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains a...

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Déclaration de M. Raghani, administrateur pour le Tchad, de M. Sidi Bouna, conseiller principal de l’administrateur et de M. Bangrim Kibassim, conseiller de l’administrateur 3 juillet 2019 »

Source: Chad : Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2019/258

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548517

Keywords: Fiscal policy, External sector, Public financial management, Oil revenues, Economic recovery, BEAC, non-oil, arrears, percent of GDP, performance criterion

This paper discusses Chad's 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. Artic...

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Distributed Ledger Technology Experiments in Payments and Settlements »

Source: Distributed Ledger Technology Experiments in Payments and Settlements

Volume: 20

Series: FinTech Notes

Author(s): Ghiath Shabsigh , Tanai Khiaonarong , and Harry Leinonen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

ISBN: 9781513536330

Keywords: Payment systems, Securities, Clearing and settlement systems, Cross-border banking, Risk management, Liquidity risk management, Liquidity risk, Credit risk, Operational risk, Economic stability

Major transformations in payment and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks internationally....

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Le conseil d’administration du FMI achève la quatrième revue de l’accord en faveur du Tchad au titre de la facilité élargie du crédit (FEC), approuve un décaissement de 38,9 millions de dollars et conclut les consultations de 2019 au titre de Particle IV »

Source: Chad : Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2019/258

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548517

Keywords: Fiscal policy, External sector, Public financial management, Oil revenues, Economic recovery, BEAC, non-oil, arrears, percent of GDP, performance criterion

This paper discusses Chad's 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. Artic...

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Tchad: Questions Generales »

Source: Chad : Selected Issues

Volume/Issue: 2019/259

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548555

Keywords: Economic growth, Oil sector, Private sector, Economic recovery, Poverty, non-oil, low-income country, reduce corruption, social spend, arrears

This Selected Issues paper explores non-oil growth impediments in Chad to better understand why the Chadian economy has not sufficiently rebounded from the crisis. It discusses how the economy is held back by crisi...

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Tchad: Questions Generales »

Source: Chad : Selected Issues

Volume/Issue: 2019/259

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548555

Keywords: Economic growth, Oil sector, Private sector, Economic recovery, Poverty, non-oil, low-income country, reduce corruption, social spend, arrears

This Selected Issues paper explores non-oil growth impediments in Chad to better understand why the Chadian economy has not sufficiently rebounded from the crisis. It discusses how the economy is held back by crisi...

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Tchad: Questions Generales »

Source: Chad : Selected Issues

Volume/Issue: 2019/259

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548555

Keywords: Economic growth, Oil sector, Private sector, Economic recovery, Poverty, non-oil, low-income country, reduce corruption, social spend, arrears

This Selected Issues paper explores non-oil growth impediments in Chad to better understand why the Chadian economy has not sufficiently rebounded from the crisis. It discusses how the economy is held back by crisi...

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Tchad: Rapport des Services du FMI Pour les Consultations de 2019 Au Titre de L’Article IV, Quatrieme Revue de L’Accord au Titre de la Facilite Elargie de Credit, Demande de Modification de Criteres de Realisation et Revue des Assurances de Financement — Communique de Presse; Rapport des Services du FMI; et Declaration de L’Administrateur Pour le Tchad »

Source: Chad : Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2019/258

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548517

Keywords: Fiscal policy, External sector, Public financial management, Oil revenues, Economic recovery, BEAC, non-oil, arrears, percent of GDP, performance criterion

This paper discusses Chad's 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. Artic...

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Tchad: Rapport des Services du FMI Sur les Consultations de 2019 au Titre de L’Article IV, Quatrieme Revue au Titre de la Facilite Elargie de Credit, Demande de Modification de Criteres de Realisation et Revue des Assurances de Financement »

Source: Chad : Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2019/258

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548517

Keywords: Fiscal policy, External sector, Public financial management, Oil revenues, Economic recovery, BEAC, non-oil, arrears, percent of GDP, performance criterion

This paper discusses Chad's 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. Artic...

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Tchad: Rapport des Services du FMI Sur les Consultations de 2019 au Titre de L’Article IV, Quatrieme Revue au Titre de la Facilite Elargie de Credit, Demande de Modification de Criteres de Realisation et Revue des Assurances de Financement — Annexe D’Information »

Source: Chad : Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2019/258

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2020

Language: French

ISBN: 9781513548517

Keywords: Fiscal policy, External sector, Public financial management, Oil revenues, Economic recovery, BEAC, non-oil, arrears, percent of GDP, performance criterion

This paper discusses Chad's 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. Artic...

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Chad: Requests for Disbursement under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Chad »

Source: Chad : Requests for Disbursement under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Chad

Volume/Issue: 2020/134

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 June 2020

Language: Arabic

ISBN: 9781513548111

Keywords: Rapid Credit Facility (RCF), Extended Credit Facility, External sector, Public debt, External debt, Current account deficits, Oil prices, ISCR, CR, percent of GDP

This paper presents Chad's Requests for Disbursement Under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access. In response to the coronavirus disease 2019 outb...

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IMF Executive Board Approves an Additional US$111.06 Million Disbursement to Rwanda to Address the COVID-19 Pandemic »

Source: Rwanda : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Volume/Issue: 192020/207

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513548043

Keywords: Rapid Credit Facility (RCF), Balance of payments, Economic recovery, Credit, External sector, Debt sustainability, ISCR, CR, RCF, disbursement

As explained in IMF Country Report No. 20/115, COVID-19 has had a severe economic impact on Rwanda through the implementation of strict domestic measures to contain the spread of the virus and related global spillo...

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Lao People's Democratic Republic »

Source: Lao People's Democratic Republic : Technical Assistance Report-Risk-Based Banking Supervision

Volume/Issue: 192020/206

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513548012

Keywords: Financial institutions, Financial systems, Banking systems, Banking law, Commercial banks, ISCR, CR, mission team, RAS, RBS

The Banking Supervision Department (BSD) of the BoL is implementing risk-based supervision (RBS) methods. BoL staff are showing favorable results in understanding and applying RBS, recognizing that they are still i...

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Rwanda : Request For Disbursement Under The Rapid Credit Facility—Debt Sustainability Analysis »

Source: Rwanda : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Volume/Issue: 192020/207

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513548043

Keywords: Rapid Credit Facility (RCF), Balance of payments, Economic recovery, Credit, External sector, Debt sustainability, ISCR, CR, RCF, disbursement

As explained in IMF Country Report No. 20/115, COVID-19 has had a severe economic impact on Rwanda through the implementation of strict domestic measures to contain the spread of the virus and related global spillo...

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Rwanda : Request for Disbursement Under the Rapid Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Rwanda »

Source: Rwanda : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Volume/Issue: 192020/207

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513548043

Keywords: Rapid Credit Facility (RCF), Balance of payments, Economic recovery, Credit, External sector, Debt sustainability, ISCR, CR, RCF, disbursement

As explained in IMF Country Report No. 20/115, COVID-19 has had a severe economic impact on Rwanda through the implementation of strict domestic measures to contain the spread of the virus and related global spillo...

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Statement by the Executive Director, Mr. Mohamed-Lemine Raghani, and the Advisor of the Executive Director, Ms. Loy Nankunda, on Rwanda June 11, 2020 »

Source: Rwanda : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Volume/Issue: 192020/207

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513548043

Keywords: Rapid Credit Facility (RCF), Balance of payments, Economic recovery, Credit, External sector, Debt sustainability, ISCR, CR, RCF, disbursement

As explained in IMF Country Report No. 20/115, COVID-19 has had a severe economic impact on Rwanda through the implementation of strict domestic measures to contain the spread of the virus and related global spillo...

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Union of the Comoros : Selected Issues »

Source: Union of the Comoros : Selected Issues

Volume/Issue: 192020/199

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513547152

Keywords: Financial institutions, Public financial management, Central banks, Financial crises, Credit, ISCR, CR, AML, risk-weighted, CFT

Selected Issues...

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Union of the Comoros : Selected Issues »

Source: Union of the Comoros : Selected Issues

Volume/Issue: 192020/199

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2020

ISBN: 9781513547152

Keywords: Financial institutions, Public financial management, Central banks, Financial crises, Credit, ISCR, CR, AML, risk-weighted, CFT

Selected Issues...

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Déclaration de M. Raghani et de M. Sidi Bouna sur la République islamique de Mauritanie Réunion du conseil d’administration Le 23 avril 2020 »

Source: République Islamique de Mauritanie : Demande de Décaissement au Titre de da Facilité de Crédit Rapide — Communiqué de Presse; Rapport Des Services du Fmi; et Déclaration De L’administrateur Pour la Mauritanie

Volume/Issue: 2020/140

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

Language: French

ISBN: 9781513547930

Keywords: Rapid Credit Facility (RCF), Debt sustainability, Social safety nets, Financial and Monetary Sector, Economic conditions, External sector, ISCR, CR, primary balance, RCF

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output...

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IMF Executive Board Approves US$99 Million Disbursement Under the Rapid Financing Instrument to Mongolia to Address the COVID-19 Pandemic »

Source: Mongolia : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Mongolia

Volume/Issue: 192020/205

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

ISBN: 9781513547893

Keywords: Rapid Financing Instrument (RFI), Balance of payments need, Balance of payments, Foreign exchange reserves, Financial assistance, Public debt, ISCR, CR, primary balance, percent of GDP

This paper discusses Mongolia's Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic has taken a large toll on economic activity in Mongolia, giving rise to urgent...

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Le conseil d’administration du FMI approuve un décaissement de 130 millions de dollars en faveur de la République islamique de Mauritanie pour faire face à la pandémie de COVID-19 »

Source: République Islamique de Mauritanie : Demande de Décaissement au Titre de da Facilité de Crédit Rapide — Communiqué de Presse; Rapport Des Services du Fmi; et Déclaration De L’administrateur Pour la Mauritanie

Volume/Issue: 2020/140

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

Language: French

ISBN: 9781513547930

Keywords: Rapid Credit Facility (RCF), Debt sustainability, Social safety nets, Financial and Monetary Sector, Economic conditions, External sector, ISCR, CR, primary balance, RCF

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output...

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Mongolia : Mongolia—Request for Purchase Under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for Mongolia »

Source: Mongolia : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Mongolia

Volume/Issue: 192020/205

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

ISBN: 9781513547893

Keywords: Rapid Financing Instrument (RFI), Balance of payments need, Balance of payments, Foreign exchange reserves, Financial assistance, Public debt, ISCR, CR, primary balance, percent of GDP

This paper discusses Mongolia's Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic has taken a large toll on economic activity in Mongolia, giving rise to urgent...

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République Islamique de Mauritanie: Demande de Décaissement au Titre de da Facilité de Crédit Rapide — Communiqué de Presse; Rapport Des Services du Fmi; et Déclaration De L’administrateur Pour la Mauritanie »

Source: République Islamique de Mauritanie : Demande de Décaissement au Titre de da Facilité de Crédit Rapide — Communiqué de Presse; Rapport Des Services du Fmi; et Déclaration De L’administrateur Pour la Mauritanie

Volume/Issue: 2020/140

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

Language: French

ISBN: 9781513547930

Keywords: Rapid Credit Facility (RCF), Debt sustainability, Social safety nets, Financial and Monetary Sector, Economic conditions, External sector, ISCR, CR, primary balance, RCF

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output...

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République Islamique de Mauritanie : Demande de Decaissement au Titre de la Facilite de Credit Rapide — Analyse de Viabilite de la Dette »

Source: République Islamique de Mauritanie : Demande de Décaissement au Titre de da Facilité de Crédit Rapide — Communiqué de Presse; Rapport Des Services du Fmi; et Déclaration De L’administrateur Pour la Mauritanie

Volume/Issue: 2020/140

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

Language: French

ISBN: 9781513547930

Keywords: Rapid Credit Facility (RCF), Debt sustainability, Social safety nets, Financial and Monetary Sector, Economic conditions, External sector, ISCR, CR, primary balance, RCF

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output...

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Statement by Nigel Ray, Executive Director for Mongolia, Laura Johnson, Senior Advisor to Executive Director, Gantsogt Khurelbaatar, Advisor to Executive Director June 3, 2020 »

Source: Mongolia : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Mongolia

Volume/Issue: 192020/205

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2020

ISBN: 9781513547893

Keywords: Rapid Financing Instrument (RFI), Balance of payments need, Balance of payments, Foreign exchange reserves, Financial assistance, Public debt, ISCR, CR, primary balance, percent of GDP

This paper discusses Mongolia's Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic has taken a large toll on economic activity in Mongolia, giving rise to urgent...

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IMF Executive Board Approves 18-month US$5 Billion Stand By Arrangement for Ukraine »

Source: Ukraine : Ex-Post Evaluation of Exceptional Access Under the 2015 Extended Arrangement-Press Release and Staff Report

Volume/Issue: 192020/204

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2020

ISBN: 9781513547831

Keywords: Balance of payments, Central bank independence, Economic indicators, Fiscal policy, Economic policy, ISCR, CR, SBA, Naftogaz, conditionality

This paper focuses on Ukraine's Ex-Post Evaluation of Exceptional Access Under the 2015 Extended Arrangement. Sound fiscal and monetary policies since the 2014-2015 crisis have resulted in a sharp reduction in Ukra...

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Nigeria »

Source: Nigeria : Technical Assistance Report-Additional Spending Toward Sustainable Development Goals

Volume/Issue: 192020/177

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2020

ISBN: 9781513545202

Keywords: Economic growth, Economic recovery, Supply and demand, Poverty, Low-income developing countries, ISCR, CR, sanitation, SDG, healthy life expectancy

The contents of this report constitute technical advice provided by the staff of the IMF to the authorities of Nigeria in response to their request for technical assistance. Unlocking the potential of a rapidly gro...

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Ukraine : Ex-post Evaluation Of Exceptional Access Under The 2015 Extended Arrangement—Press Release And Staff Report »

Source: Ukraine : Ex-Post Evaluation of Exceptional Access Under the 2015 Extended Arrangement-Press Release and Staff Report

Volume/Issue: 192020/204

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2020

ISBN: 9781513547831

Keywords: Balance of payments, Central bank independence, Economic indicators, Fiscal policy, Economic policy, ISCR, CR, SBA, Naftogaz, conditionality

This paper focuses on Ukraine's Ex-Post Evaluation of Exceptional Access Under the 2015 Extended Arrangement. Sound fiscal and monetary policies since the 2014-2015 crisis have resulted in a sharp reduction in Ukra...

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The Costs of Macroprudential Deleveraging in a Liquidity Trap* »

Source: The Costs of Macroprudential Deleveraging in a Liquidity Trap

Volume/Issue: 2020/89

Series: IMF Working Papers

Author(s): Jiaqian Chen , Daria Finocchiaro , Jesper Lindé , and Karl Walentin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546803

Keywords: Economic conditions, Financial crises, Economic policy, Price indexes, Real interest rates, Household debt, Zero lower bound, New Keynesian model, Collateral and borrowing constraints, Mortgage interest deductibility

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs...

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Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index1 »

Source: Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index

Volume/Issue: 2020/94

Series: IMF Working Papers

Author(s): Rasmané Ouedraogo , Rene Tapsoba , Moussé Sow , and Ali Compaoré

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546032

Keywords: Tax revenue, Recurrent taxes on immovable property, Recurrent taxes on net wealth, Taxes on financial and capital transactions, Fiscal policy, Revenue volatility, Taxation, Tax revenue diversification, Theil Index., WP

Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI build...

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FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability »

Source: FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability

Volume/Issue: 2020/90

Series: IMF Working Papers

Author(s): Damiano Sandri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513547664

Keywords: Central banks, Exchange markets, Exchange rate markets, Exchange rate determination, Exchange rate forecasting, FX intervention, profitability, exchange rate, WP, BRL

We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX intervention. We find that swaps are profitable in expectation, suggesting that FX intervention is u...

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Government Spending Effects in a Policy Constrained Environment »

Source: Government Spending Effects in a Policy Constrained Environment

Volume/Issue: 2020/91

Series: IMF Working Papers

Author(s): Ruoyun Mao , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546797

Keywords: Economic conditions, Financial crises, Real interest rates, Business cycles, Economic sectors, government spending effects, fiscal multiplier, regime-switching policy, monetary and fiscal policy interaction, nonlinear New Keynesian models

The theoretical literature generally finds that government spending multipliers are bigger than unity in a low interest rate environment. Using a fully nonlinear New Keynesian model, we show that such big multiplie...

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How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices? »

Source: How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices?

Volume/Issue: 2020/93

Series: IMF Working Papers

Author(s): Chadi Abdallah , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546094

Keywords: Purchasing power, Supply and demand, Nominal effective exchange rate, Energy pricing policy, Central bank autonomy, Retail fuel prices, Oil prices, inflation, local projections, asymmetries

We estimate the dynamic effects of changes in retail energy prices on inflation using a novel monthly database, covering 110 countries over 2000:M1 to 2016:M6. We find that (i) inflation responds positively to reta...

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IMF Executive Board Approves a US$50 Million Disbursement to Liberia to Address the COVID-19 Pandemic »

Source: Liberia : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Liberia

Volume/Issue: 192020/202

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513547282

Keywords: Rapid Credit Facility (RCF), External sector, Credit, Financial systems, Private sector, Balance of payments, ISCR, CR, ECF, disbursement

This paper presents Liberia's Request for Disbursement Under the Rapid Credit Facility. The economic impact of the pandemic is hitting the poorest with little social safety net, and food security of those relying o...

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IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust »

Source: United Republic of Tanzania : Request for Debt Relief under the Catastrophe Containment and Relief Trust-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

Volume/Issue: 192020/203

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513547442

Keywords: External sector, Balance of payments need, Debt service, Debt relief, Balance of payments, ISCR, CR, Proj, percent of GDP, pandemic

This paper discusses the United Republic of Tanzania's Request for Debt Relief Under the Catastrophe Containment and Relief Trust. IMF debt service relief will help free up resources for public sector health needs...