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Chapter 8 Are Tax Treaties Worth It for Developing Economies?

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Chapter 8 Are Tax Treaties Worth It for Developing Economies? »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction The complex interaction—and possible overlap—between different tax jurisdictions justifies coordination efforts to avoid double taxation, which can harm international tr...

Chapter 13 Destination-Based Taxation: A Promising but Risky Destination

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Chapter 13 Destination-Based Taxation: A Promising but Risky Destination »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Country-specific origin-based profit taxes are marked by profit shifting and tax competition (see Chapter 6). Incentives for profit shifting can be mitigated, but not el...

Chapter 5 Difficulties in Determining and Enforcing Source-Based Taxes

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Chapter 5 Difficulties in Determining and Enforcing Source-Based Taxes »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction At the heart of the current international tax architecture, which grants primary taxing rights to source countries, is the need to determine how much profit each country...

Chapter 14 Formulary Apportionment in Theory and Practice

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Chapter 14 Formulary Apportionment in Theory and Practice »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction The current international tax system, which is based on separate accounting for corporate affiliates trading at arm’s length prices, is increasingly viewed as prone to a...

Chapter 4 Global Firms, National Corporate Taxes: An Evolution of Incompatibility

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Chapter 4 Global Firms, National Corporate Taxes: An Evolution of Incompatibility »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

How did the rise of multinational enterprises put pressure on the prevailing international corporate tax framework? Multinational enterprises, and firms with market power, are not new phenomena, nor is the c...

Chapter 6 Has Tax Competition Become Less Harmful?

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Chapter 6 Has Tax Competition Become Less Harmful? »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Countries compete over productive capital and paper profits. Taxation has been one important element in the set of policy instruments regarding competition....

Chapter 1 Introduction

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Chapter 1 Introduction »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

In recent years, newspaper headlines have featured terms such as “digital service taxes,” “paradise papers,” and “tax wars,” all referring to various issues in international taxation. These and related topic...

Chapter 7 Residence-Based Taxation: A History and Current Issues

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Chapter 7 Residence-Based Taxation: A History and Current Issues »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction As discussed in previous chapters, source-based taxation faces many difficulties: it is increasingly difficult—conceptually and practically—to allocate profits to where...

Chapter 12 Residence-Based Taxation: Is There a Way Forward?

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Chapter 12 Residence-Based Taxation: Is There a Way Forward? »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction The world is in a state of fairly deep confusion regarding whether the international tax system is to be moved toward or away from residence-based corporate taxation. Ch...

Chapter 15 Resource-Rich Developing Countries and International Tax Reforms

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Chapter 15 Resource-Rich Developing Countries and International Tax Reforms »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Resource-rich countries can collect revenues from natural resources to support economic development and structural transformation, although often the revenue potential i...

Chapter 11 Strengthening Source-Based Taxation

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Chapter 11 Strengthening Source-Based Taxation »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Source-based taxation lies at the heart of the current international tax architecture (see Chapter 3), and its importance has further risen with the abolition of worldwi...

Chapter 10 Taxing the Digital Economy

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Chapter 10 Taxing the Digital Economy »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Technology is being harnessed to redefine traditional business models and provide new ways for buyers and sellers to interact both locally and globally. The result has b...

Chapter 3 The Current International Tax Architecture: A Short Primer

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Chapter 3 The Current International Tax Architecture: A Short Primer »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction When a business activity crosses national borders, the question arises as to where the profits resulting from that activity should be taxed. In principle, there are at l...

Chapter 16 The Evolution of Tax Law Design within an Increasingly Destabilized International Tax Law Framework

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Chapter 16 The Evolution of Tax Law Design within an Increasingly Destabilized International Tax Law Framework »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction This chapter brings a legal perspective to the pressures in the international corporate tax system that have been discussed in other chapters largely from an economic po...

Chapter 9 The Impact of Profit Shifting on Economic Activity and Tax Competition

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Chapter 9 The Impact of Profit Shifting on Economic Activity and Tax Competition »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction Multinational corporations can often reduce their global tax liabilities through profit-shifting activities (Chapter 5). Typical examples include transfer price manipula...

Chapter 2 Why and How to Tax Corporate Income

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Chapter 2 Why and How to Tax Corporate Income »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

Introduction The question whether countries should tax corporations on their income is an old one, yet it has never been more topical than it is today. Tax competition is driving dow...

Corporate Income Taxes under Pressure
			: Why Reform Is Needed and How It Could Be Designed

New
Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed »

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

DOI: http://dx.doi.org/10.5089/9781513511771.071

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitaliza...

Back Matter

New
Back Matter »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitaliza...

Front Matter

New
Front Matter »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitaliza...

IMF Executive Board Concludes 2021 Article IV Consultation with Tunisia

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IMF Executive Board Concludes 2021 Article IV Consultation with Tunisia »

Source: Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia

Volume/Issue: 2021/044

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513570600

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis...

Tunisia
			: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia

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Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia »

Volume/Issue: 2021/044

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

DOI: http://dx.doi.org/10.5089/9781513570600.002

ISBN: 9781513570600

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis...

Part I Introduction and Background

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Part I Introduction and Background »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

...

Part III Potential Solutions

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Part III Potential Solutions »

Source: Corporate Income Taxes under Pressure : Why Reform Is Needed and How It Could Be Designed

Series: Books

Author(s): Ruud A. Mooij , Alexander Klemm , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513511771

Keywords: Tax competition, Tax avoidance, International cooperation, Tax reforms, Multinational corporations, Profit shifting, tax competition, tax avoidance, international cooperation, tax reform

...

Statement by Hossein Hosseini, Executive Director, and Samir Belhaj, Advisor to the Executive Director for Tunisia February 17, 2021

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Statement by Hossein Hosseini, Executive Director, and Samir Belhaj, Advisor to the Executive Director for Tunisia February 17, 2021 »

Source: Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia

Volume/Issue: 2021/044

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513570600

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis...

Tunisia: 2021 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Tunisia

New
Tunisia: 2021 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Tunisia »

Source: Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia

Volume/Issue: 2021/044

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513570600

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis...

Tunisia: Staff Report for the 2021 Article IV Consultation—Informational Annex

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Tunisia: Staff Report for the 2021 Article IV Consultation—Informational Annex »

Source: Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia

Volume/Issue: 2021/044

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513570600

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis...

Review of the Adequacy of the Fund's Precautionary Balances

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Review of the Adequacy of the Fund's Precautionary Balances »

Volume/Issue: 2021/005

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 February 2021

DOI: http://dx.doi.org/10.5089/9781513569567.007

ISBN: 9781513569567

Keywords: Credit, Income, Credit risk, COVID-19 , Credit ratings, PP, precautionary balance, fund credit, multilayered framework, income risk

On October 30, 2020, the IMF's Executive Board reviewed the adequacy of the Fund's precautionary balances. Precautionary balances, comprising the Fund's general and special reserves and the Special Contingent Acco...

Review of the Adequacy of the Fund's Precautionary Balances

New
Review of the Adequacy of the Fund's Precautionary Balances »

Source: Review of the Adequacy of the Fund's Precautionary Balances

Volume/Issue: 2021/005

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 February 2021

ISBN: 9781513569567

Keywords: Credit, Income, Credit risk, COVID-19 , Credit ratings, PP, precautionary balance, fund credit, multilayered framework, income risk

On October 30, 2020, the IMF's Executive Board reviewed the adequacy of the Fund's precautionary balances. Precautionary balances, comprising the Fund's general and special reserves and the Special Contingent Acco...

IMF Executive Board Concludes 2020 Article IV Consultation with the Republic of Kosovo

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IMF Executive Board Concludes 2020 Article IV Consultation with the Republic of Kosovo »

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

Volume/Issue: 2021/041

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2021

ISBN: 9781513569536

Keywords: Public debt, Government debt management, COVID-19 , Budget planning and preparation, Expenditure, ISCR, CR, targeted cash support, Kosovar authorities, bank asset quality

Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures a...

Republic of Kosovo
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

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

Volume/Issue: 2021/041

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2021

DOI: http://dx.doi.org/10.5089/9781513569536.002

ISBN: 9781513569536

Keywords: Public debt, Government debt management, COVID-19 , Budget planning and preparation, Expenditure, ISCR, CR, targeted cash support, Kosovar authorities, bank asset quality

Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures a...

Republic of Kosovo: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

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

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

Volume/Issue: 2021/041

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2021

ISBN: 9781513569536

Keywords: Public debt, Government debt management, COVID-19 , Budget planning and preparation, Expenditure, ISCR, CR, targeted cash support, Kosovar authorities, bank asset quality

Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures a...

Republic of Kosovo: Staff Report for the 2020 Article IV Consultation—Informational Annex

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Republic of Kosovo: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/041

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2021

ISBN: 9781513569536

Keywords: Public debt, Government debt management, COVID-19 , Budget planning and preparation, Expenditure, ISCR, CR, targeted cash support, Kosovar authorities, bank asset quality

Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures a...

Statement by Mr. Daniel Palotai, Executive Director on Republic of Kosovo February 12, 2021

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Statement by Mr. Daniel Palotai, Executive Director on Republic of Kosovo February 12, 2021 »

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

Volume/Issue: 2021/041

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2021

ISBN: 9781513569536

Keywords: Public debt, Government debt management, COVID-19 , Budget planning and preparation, Expenditure, ISCR, CR, targeted cash support, Kosovar authorities, bank asset quality

Kosovo has been hit hard by the COVID-19 pandemic. Despite policy support, economic activity is estimated to have fallen 6 percent in 2020 on account of the combined effect of strict domestic containment measures a...

IMF Executive Board Approves US$2.7 billion Precautionary and Liquidity Line for Panama to Address COVID-19 Pandemic

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IMF Executive Board Approves US$2.7 billion Precautionary and Liquidity Line for Panama to Address COVID-19 Pandemic »

Source: Panama : Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Volume/Issue: 2021/030

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2021

ISBN: 9781513568294

Keywords: Public debt, External debt, COVID-19 , Credit, Debt service, ISCR, CR, Executive Board discussion, Panama's request, market confidence

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based ec...

Panama
			: Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

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Panama : Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama »

Volume/Issue: 2021/030

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2021

DOI: http://dx.doi.org/10.5089/9781513568294.002

ISBN: 9781513568294

Keywords: Public debt, External debt, COVID-19 , Credit, Debt service, ISCR, CR, Executive Board discussion, Panama's request, market confidence

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based ec...

Panama: Assessment of the Risks to the Fund and the Fund’s Liquidity Position

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Panama: Assessment of the Risks to the Fund and the Fund’s Liquidity Position »

Source: Panama : Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Volume/Issue: 2021/030

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2021

ISBN: 9781513568294

Keywords: Public debt, External debt, COVID-19 , Credit, Debt service, ISCR, CR, Executive Board discussion, Panama's request, market confidence

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based ec...

Panama: Request for an Arrangement Under the Precautionary and Liquidity Line—Press Release; Staff Report; and Statement by the Executive Director for Panama

New
Panama: Request for an Arrangement Under the Precautionary and Liquidity Line—Press Release; Staff Report; and Statement by the Executive Director for Panama »

Source: Panama : Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Volume/Issue: 2021/030

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2021

ISBN: 9781513568294

Keywords: Public debt, External debt, COVID-19 , Credit, Debt service, ISCR, CR, Executive Board discussion, Panama's request, market confidence

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based ec...

Statement by Mr. Bevilaqua, Executive Director for Panama, Mr. Fuentes, Alternate Executive Director for Panama, and Mr. Maciá, Advisor to the Executive Director for Panama January 19, 2020

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Statement by Mr. Bevilaqua, Executive Director for Panama, Mr. Fuentes, Alternate Executive Director for Panama, and Mr. Maciá, Advisor to the Executive Director for Panama January 19, 2020 »

Source: Panama : Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Volume/Issue: 2021/030

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2021

ISBN: 9781513568294

Keywords: Public debt, External debt, COVID-19 , Credit, Debt service, ISCR, CR, Executive Board discussion, Panama's request, market confidence

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based ec...

Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

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Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework »

Source: Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

Volume/Issue: 2021/032

Series: IMF Working Papers

Author(s): Romain Lafarguette , and Romain Veyrune

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569406

Keywords: Exchange rates, Vector autoregression, Exchange rate risk, Foreign exchange, Currency markets, Foreign Exchange Interventions, Value at Risk, GARCH, WP, var FX intervention rule

This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging...

Mali
			: Request for Modification of Criteria Under the Extended Credit Facility-Staff Report

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Mali : Request for Modification of Criteria Under the Extended Credit Facility-Staff Report »

Volume/Issue: 2021/040

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513569420.002

ISBN: 9781513569420

Keywords: COVID-19 , Government debt management, ISCR, CR, policy priority, pandemic shock, transition government

This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the...

Mali
			: Request for Modification of Criteria Under the Extended Credit Facility-Staff Report

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Mali : Request for Modification of Criteria Under the Extended Credit Facility-Staff Report »

Volume/Issue: 2021/040

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569093.002

ISBN: 9781513569093

Keywords: COVID-19 , Government debt management, ISCR, CR, policy priority, pandemic shock, transition government

This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the...

Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

New
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework »

Volume/Issue: 2021/032

Series: IMF Working Papers

Author(s): Romain Lafarguette , and Romain Veyrune

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569406.001

ISBN: 9781513569406

Keywords: Exchange rates, Vector autoregression, Exchange rate risk, Foreign exchange, Currency markets, Foreign Exchange Interventions, Value at Risk, GARCH, WP, var FX intervention rule

This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging...

Mali

New
Mali »

Source: Mali : Request for Modification of Criteria Under the Extended Credit Facility-Staff Report

Volume/Issue: 2021/040

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

Language: French

ISBN: 9781513569420

Keywords: COVID-19 , Government debt management, ISCR, CR, policy priority, pandemic shock, transition government

This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the...

Mali

New
Mali »

Source: Mali : Request for Modification of Criteria Under the Extended Credit Facility-Staff Report

Volume/Issue: 2021/040

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569093

Keywords: COVID-19 , Government debt management, ISCR, CR, policy priority, pandemic shock, transition government

This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the...

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

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781513569062.002

ISBN: 9781513569062

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

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

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

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

Language: Portuguese

ISBN: 9781513569062

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

IMF Executive Board Concludes 2020 Article IV Consultation with Iraq

New
IMF Executive Board Concludes 2020 Article IV Consultation with Iraq »

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

Volume/Issue: 2021/038

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

ISBN: 9781513568904

Keywords: Public debt, Expenditure, Fiscal policy, Fiscal stance, Revenue administration, ISCR, CR, Iraqi dinar, face challenge, debt stock

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health sy...

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

New
Iraq : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iraq »

Volume/Issue: 2021/038

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

DOI: http://dx.doi.org/10.5089/9781513568904.002

ISBN: 9781513568904

Keywords: Public debt, Expenditure, Fiscal policy, Fiscal stance, Revenue administration, ISCR, CR, Iraqi dinar, face challenge, debt stock

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health sy...

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

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

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

Volume/Issue: 2021/038

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

ISBN: 9781513568904

Keywords: Public debt, Expenditure, Fiscal policy, Fiscal stance, Revenue administration, ISCR, CR, Iraqi dinar, face challenge, debt stock

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health sy...

Iraq: Staff Report for the 2020 Article IV Consultation—Informational Annex

New
Iraq: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/038

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

ISBN: 9781513568904

Keywords: Public debt, Expenditure, Fiscal policy, Fiscal stance, Revenue administration, ISCR, CR, Iraqi dinar, face challenge, debt stock

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health sy...

Statement by Mahmoud Mohieldin, Executive Director for Iraq, Ali Alhosani, Alternate Executive Director for Iraq, and Maya Choueiri, Senior Advisor for Iraq February 8, 2021

New
Statement by Mahmoud Mohieldin, Executive Director for Iraq, Ali Alhosani, Alternate Executive Director for Iraq, and Maya Choueiri, Senior Advisor for Iraq February 8, 2021 »

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

Volume/Issue: 2021/038

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2021

ISBN: 9781513568904

Keywords: Public debt, Expenditure, Fiscal policy, Fiscal stance, Revenue administration, ISCR, CR, Iraqi dinar, face challenge, debt stock

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health sy...

Panama
			: Report on the Observance of Standards and Codes-Data Module

New
Panama : Report on the Observance of Standards and Codes-Data Module »

Volume/Issue: 2021/039

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2021

DOI: http://dx.doi.org/10.5089/9781513568959.002

ISBN: 9781513568959

Keywords: Financial statistics, Balance of payments statistics, Consumer price indexes, Government finance statistics, National accounts, ISCR, CR, data reporting, IMF mission, IMF's Special Data Dissemination Standard

Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic stati...

Panama: Report on the Observance of Standards and Codes (Rosc)—Data Module Volume II

New
Panama: Report on the Observance of Standards and Codes (Rosc)—Data Module Volume II »

Source: Panama : Report on the Observance of Standards and Codes-Data Module

Volume/Issue: 2021/039

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2021

ISBN: 9781513568959

Keywords: Financial statistics, Balance of payments statistics, Consumer price indexes, Government finance statistics, National accounts, ISCR, CR, data reporting, IMF mission, IMF's Special Data Dissemination Standard

Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic stati...

Panama: Report on the Observance of Standards and Codes (ROSC)—Data Module Volume III

New
Panama: Report on the Observance of Standards and Codes (ROSC)—Data Module Volume III »

Source: Panama : Report on the Observance of Standards and Codes-Data Module

Volume/Issue: 2021/039

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2021

ISBN: 9781513568959

Keywords: Financial statistics, Balance of payments statistics, Consumer price indexes, Government finance statistics, National accounts, ISCR, CR, data reporting, IMF mission, IMF's Special Data Dissemination Standard

Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic stati...

Panama: Report on the Observance of Standards and February 2021 Codes—Data Module

New
Panama: Report on the Observance of Standards and February 2021 Codes—Data Module »

Source: Panama : Report on the Observance of Standards and Codes-Data Module

Volume/Issue: 2021/039

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2021

ISBN: 9781513568959

Keywords: Financial statistics, Balance of payments statistics, Consumer price indexes, Government finance statistics, National accounts, ISCR, CR, data reporting, IMF mission, IMF's Special Data Dissemination Standard

Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic stati...

IMF Executive Board Concludes 2020 Article IV Consultation with the Russian Federation

New
IMF Executive Board Concludes 2020 Article IV Consultation with the Russian Federation »

Source: Russian Federation : 2020 Article IV Consultation-Press Release; Staff Report

Volume/Issue: 2021/036

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

ISBN: 9781513568751

Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical res...

Russian Federation
			: 2020 Article IV Consultation-Press Release; Staff Report

New
Russian Federation : 2020 Article IV Consultation-Press Release; Staff Report »

Volume/Issue: 2021/036

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

DOI: http://dx.doi.org/10.5089/9781513568751.002

ISBN: 9781513568751

Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical res...

Vanuatu
			: Technical Assistance Report-Feasibility Study on the Introduction of Quarterly National Accounts

New
Vanuatu : Technical Assistance Report-Feasibility Study on the Introduction of Quarterly National Accounts »

Volume/Issue: 2021/037

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

DOI: http://dx.doi.org/10.5089/9781513568836.002

ISBN: 9781513568836

Keywords: National accounts, Labor, Balance of payments statistics, Human capital, Financial statistics, ISCR, CR, a number of data gap, QNA program, source data VNSO

The Vanuatu National Statistics Office (VNSO) requested a mission by the IMF's Pacific Financial Technical Assistance Centre (PFTAC) for conducting a feasibility study on the implementation of a quarterly national...

Russian Federation: 2020 Article IV Consultation—Press Release; Staff Report

New
Russian Federation: 2020 Article IV Consultation—Press Release; Staff Report »

Source: Russian Federation : 2020 Article IV Consultation-Press Release; Staff Report

Volume/Issue: 2021/036

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

ISBN: 9781513568751

Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical res...

Russian Federation: Staff Report for the 2020 Article IV Consultation—Informational Annex

New
Russian Federation: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: Russian Federation : 2020 Article IV Consultation-Press Release; Staff Report

Volume/Issue: 2021/036

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

ISBN: 9781513568751

Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical res...

Russian Federation: Staff Report for the 2020 Article IV Consultation–Supplementary Information

New
Russian Federation: Staff Report for the 2020 Article IV Consultation–Supplementary Information »

Source: Russian Federation : 2020 Article IV Consultation-Press Release; Staff Report

Volume/Issue: 2021/036

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

ISBN: 9781513568751

Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical res...

Vanuatu

New
Vanuatu »

Source: Vanuatu : Technical Assistance Report-Feasibility Study on the Introduction of Quarterly National Accounts

Volume/Issue: 2021/037

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2021

ISBN: 9781513568836

Keywords: National accounts, Labor, Balance of payments statistics, Human capital, Financial statistics, ISCR, CR, a number of data gap, QNA program, source data VNSO

The Vanuatu National Statistics Office (VNSO) requested a mission by the IMF's Pacific Financial Technical Assistance Centre (PFTAC) for conducting a feasibility study on the implementation of a quarterly national...

IMF Executive Board 2020 Article IV Consultation with the Republic of Poland

New
IMF Executive Board 2020 Article IV Consultation with the Republic of Poland »

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

Volume/Issue: 2021/035

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568577

After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, b...

IMF Executive Board Concludes 2020 Article IV Consultation with Nigeria

New
IMF Executive Board Concludes 2020 Article IV Consultation with Nigeria »

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

Volume/Issue: 2021/033

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568423

Keywords: Foreign exchange, COVID-19 , Exchange rates, Oil prices, Inflation, ISCR, CR, food inflation, youth unemployment, IMF TA mission

The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling...

Supplement to the Guidance Note for Surveillance Under Article IV Consultations

New
Supplement to the Guidance Note for Surveillance Under Article IV Consultations »

Volume/Issue: 2021/004

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

DOI: http://dx.doi.org/10.5089/9781513568676.007

ISBN: 9781513568676

Keywords: Financial Sector Assessment Program, Debt sustainability, External debt, Debt sustainability analysis, Public debt, PP, sustainability assessment, ESR country, ESR template

This note provides updated guidance to country teams on bilateral surveillance in the context of Article IV consultations in light of the COVID crisis. This guidance impacts the focus, format and presentation of st...

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

New
Nigeria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Nigeria »

Volume/Issue: 2021/033

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

DOI: http://dx.doi.org/10.5089/9781513568423.002

ISBN: 9781513568423

Keywords: Foreign exchange, COVID-19 , Exchange rates, Oil prices, Inflation, ISCR, CR, food inflation, youth unemployment, IMF TA mission

The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling...

Nigeria
			: Selected Issues

New
Nigeria : Selected Issues »

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

DOI: http://dx.doi.org/10.5089/9781513568461.002

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Republic of Poland
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Poland

New
Republic of Poland : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Poland »

Volume/Issue: 2021/035

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

DOI: http://dx.doi.org/10.5089/9781513568577.002

ISBN: 9781513568577

After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, b...

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

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

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

Volume/Issue: 2021/033

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568423

Keywords: Foreign exchange, COVID-19 , Exchange rates, Oil prices, Inflation, ISCR, CR, food inflation, youth unemployment, IMF TA mission

The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling...

Nigeria: Selected Issues

New
Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Nigeria: Selected Issues

New
Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Nigeria: Selected Issues

New
Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Nigeria: Selected Issues

New
Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Nigeria: Staff Report for the 2020 Article IV Consultation—Informational Annex

New
Nigeria: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/033

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568423

Keywords: Foreign exchange, COVID-19 , Exchange rates, Oil prices, Inflation, ISCR, CR, food inflation, youth unemployment, IMF TA mission

The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling...

Republic of Poland: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Republic of Poland

New
Republic of Poland: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Republic of Poland »

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

Volume/Issue: 2021/035

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568577

After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, b...

Republic of Poland: Staff Report for the 2020 Article IV Consultation—Informational Annex

New
Republic of Poland: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/035

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568577

After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, b...

Statement by Mr. Odonye, Mr. Ekeocha, and Mr. Garang on Nigeria Executive Board Meeting January 27, 2021

New
Statement by Mr. Odonye, Mr. Ekeocha, and Mr. Garang on Nigeria Executive Board Meeting January 27, 2021 »

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

Volume/Issue: 2021/033

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568423

Keywords: Foreign exchange, COVID-19 , Exchange rates, Oil prices, Inflation, ISCR, CR, food inflation, youth unemployment, IMF TA mission

The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling...

Statement by Mr. Piotr Trabinski, Executive Director, and Mr. Bartosz Piasecki, Advisor to the Executive Director February 3, 2021

New
Statement by Mr. Piotr Trabinski, Executive Director, and Mr. Bartosz Piasecki, Advisor to the Executive Director February 3, 2021 »

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

Volume/Issue: 2021/035

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568577

After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, b...

Supplement to the Guidance Note for Surveillance Under Article IV Consultations

New
Supplement to the Guidance Note for Surveillance Under Article IV Consultations »

Source: Supplement to the Guidance Note for Surveillance Under Article IV Consultations

Volume/Issue: 2021/004

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568676

Keywords: Financial Sector Assessment Program, Debt sustainability, External debt, Debt sustainability analysis, Public debt, PP, sustainability assessment, ESR country, ESR template

This note provides updated guidance to country teams on bilateral surveillance in the context of Article IV consultations in light of the COVID crisis. This guidance impacts the focus, format and presentation of st...

Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis1

New
Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis1 »

Source: Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis

Volume/Issue: 2021/028

Series: IMF Working Papers

Author(s): Plamen Iossifov , and Tomas Dutra Schmidt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568652

Keywords: Credit cycles, Liquidity risk, Solvency, Systemic risk, Private debt, credit cycle., WP, risk metrics, risk index, risk indices

We analyze a range of macrofinancial indicators to extract signals about cyclical systemic risk across 107 economies over 1995-2020. We construct composite indices of underlying liquidity, solvency and mispricing r...

Electricity Consumption and Temperature: Evidence from Satellite Data

New
Electricity Consumption and Temperature: Evidence from Satellite Data »

Source: Electricity Consumption and Temperature: Evidence from Satellite Data

Volume/Issue: 2021/022

Series: IMF Working Papers

Author(s): Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568539

Keywords: Electricity, Consumption, Climate change, Population and demographics, Income, Electricity consumption, temperature, night light, climate change., WP

Past studies on the relationship between electricity consumption and temperature have primarily focused on individual countries. Many regions are understudied as a result of data constraint. This paper studies the...

Fair and Inclusive Markets: Why Dynamism Matters

New
Fair and Inclusive Markets: Why Dynamism Matters »

Source: Fair and Inclusive Markets: Why Dynamism Matters

Volume/Issue: 2021/029

Series: IMF Working Papers

Author(s): Philippe Aghion , Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568669

Keywords: Income inequality, Inclusive growth, Competition, Income, Income distribution, Inequality, creative destruction, market power, industrial policy, sophistication

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained...

Iraq
			: Technical Assistance Report-Guarantees and Extra Budgetary Funds Management

New
Iraq : Technical Assistance Report-Guarantees and Extra Budgetary Funds Management »

Volume/Issue: 2021/032

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568362.002

ISBN: 9781513568362

Keywords: Government debt management, Budget planning and preparation, Fiscal risks, Government liabilities, Fiscal law, ISCR, CR, guarantee registry, policy framework, guarantee contract

Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a s...

Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis

New
Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis »

Volume/Issue: 2021/028

Series: IMF Working Papers

Author(s): Plamen Iossifov , and Tomas Dutra Schmidt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568652.001

ISBN: 9781513568652

Keywords: Credit cycles, Liquidity risk, Solvency, Systemic risk, Private debt, credit cycle., WP, risk metrics, risk index, risk indices

We analyze a range of macrofinancial indicators to extract signals about cyclical systemic risk across 107 economies over 1995-2020. We construct composite indices of underlying liquidity, solvency and mispricing r...

Electricity Consumption and Temperature: Evidence from Satellite Data

New
Electricity Consumption and Temperature: Evidence from Satellite Data »

Volume/Issue: 2021/022

Series: IMF Working Papers

Author(s): Jiaxiong Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568539.001

ISBN: 9781513568539

Keywords: Electricity, Consumption, Climate change, Population and demographics, Income, Electricity consumption, temperature, night light, climate change., WP

Past studies on the relationship between electricity consumption and temperature have primarily focused on individual countries. Many regions are understudied as a result of data constraint. This paper studies the...

Fair and Inclusive Markets: Why Dynamism Matters

New
Fair and Inclusive Markets: Why Dynamism Matters »

Volume/Issue: 2021/029

Series: IMF Working Papers

Author(s): Philippe Aghion , Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568669.001

ISBN: 9781513568669

Keywords: Income inequality, Inclusive growth, Competition, Income, Income distribution, Inequality, creative destruction, market power, industrial policy, sophistication

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained...

Japan's Foreign Assets and Liabilities: Implications for the External Accounts

New
Japan's Foreign Assets and Liabilities: Implications for the External Accounts »

Volume/Issue: 2021/026

Series: IMF Working Papers

Author(s): Mariana Colacelli , Deepali Gautam , and Cyril Rebillard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568270.001

ISBN: 9781513568270

Keywords: Income, Trade balance, Current account balance, Credit, Real effective exchange rates, NFA, Japan, Current Account, Income Account, Income Balance

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Jap...

Pandemic and Progressivity

New
Pandemic and Progressivity »

Volume/Issue: 2021/024

Series: IMF Working Papers

Author(s): Alexander Klemm , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568621.001

ISBN: 9781513568621

Keywords: COVID-19 , Income, Education, Health, Progressive taxation, Solidarity taxes, surcharges, surveys, attitudes, progressivity

Based on a survey of about 2,500 US resident adults, we show that people who have experienced serious illness or job loss caused by the COVID-19 pandemic, or who personally know someone who has, favor a temporary p...

Recognizing Reality-Unification of Official and Parallel Market Exchange Rates

New
Recognizing Reality-Unification of Official and Parallel Market Exchange Rates »

Volume/Issue: 2021/025

Series: IMF Working Papers

Author(s): Simon Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568638.001

ISBN: 9781513568638

Keywords: Exchange rates, Foreign exchange, Multiple currency practices, Exchange rate policy, Currency markets, exchange rate unification, parallel markets, WP, market-clearing rate, market rate

Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel excha...

The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum

New
The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum »

Volume/Issue: 2021/027

Series: IMF Working Papers

Author(s): Joseph Hanna , Niels-Jakob Hansen , and Margaux MacDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568645.001

ISBN: 9781513568645

Keywords: Brexit, EU referendum, political uncertainty, high frequency data.

How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and fin...

The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum

New
The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum »

Source: The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum

Volume/Issue: 2021/027

Series: IMF Working Papers

Author(s): Joseph Hanna , Niels-Jakob Hansen , and Margaux MacDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568645

Keywords: Brexit, EU referendum, political uncertainty, high frequency data.

How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and fin...

Iraq

New
Iraq »

Source: Iraq : Technical Assistance Report-Guarantees and Extra Budgetary Funds Management

Volume/Issue: 2021/032

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568362

Keywords: Government debt management, Budget planning and preparation, Fiscal risks, Government liabilities, Fiscal law, ISCR, CR, guarantee registry, policy framework, guarantee contract

Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a s...

Japan's Foreign Assets and Liabilities: Implications for the External Accounts1

New
Japan's Foreign Assets and Liabilities: Implications for the External Accounts1 »

Source: Japan's Foreign Assets and Liabilities: Implications for the External Accounts

Volume/Issue: 2021/026

Series: IMF Working Papers

Author(s): Mariana Colacelli , Deepali Gautam , and Cyril Rebillard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568270

Keywords: Income, Trade balance, Current account balance, Credit, Real effective exchange rates, NFA, Japan, Current Account, Income Account, Income Balance

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Jap...

Pandemic and Progressivity

New
Pandemic and Progressivity »

Source: Pandemic and Progressivity

Volume/Issue: 2021/024

Series: IMF Working Papers

Author(s): Alexander Klemm , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568621

Keywords: COVID-19 , Income, Education, Health, Progressive taxation, Solidarity taxes, surcharges, surveys, attitudes, progressivity

Based on a survey of about 2,500 US resident adults, we show that people who have experienced serious illness or job loss caused by the COVID-19 pandemic, or who personally know someone who has, favor a temporary p...

Recognizing Reality-Unification of Official and Parallel Market Exchange Rates

New
Recognizing Reality-Unification of Official and Parallel Market Exchange Rates »

Source: Recognizing Reality-Unification of Official and Parallel Market Exchange Rates

Volume/Issue: 2021/025

Series: IMF Working Papers

Author(s): Simon Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568638

Keywords: Exchange rates, Foreign exchange, Multiple currency practices, Exchange rate policy, Currency markets, exchange rate unification, parallel markets, WP, market-clearing rate, market rate

Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel excha...

IMF Executive Board Reviews IMF Debt Sustainability Framework for Market Access Countries

New
IMF Executive Board Reviews IMF Debt Sustainability Framework for Market Access Countries »

Source: Review of The Debt Sustainability Framework For Market Access Countries

Volume/Issue: 2021/003

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2021

ISBN: 9781513568324

A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF's lending framework. This note proposes replacing the current framework with a new methodolo...

Review of The Debt Sustainability Framework For Market Access Countries

New
Review of The Debt Sustainability Framework For Market Access Countries »

Volume/Issue: 2021/003

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2021

DOI: http://dx.doi.org/10.5089/9781513568324.007

ISBN: 9781513568324

A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF's lending framework. This note proposes replacing the current framework with a new methodolo...

IMF Policy Paper: Review of the Debt Sustainability Framework for Market Access Countries

New
IMF Policy Paper: Review of the Debt Sustainability Framework for Market Access Countries »

Source: Review of The Debt Sustainability Framework For Market Access Countries

Volume/Issue: 2021/003

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2021

ISBN: 9781513568324

A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF's lending framework. This note proposes replacing the current framework with a new methodolo...

Panama
			: Technical Assistance Report-Monetary and Financial Statistics

New
Panama : Technical Assistance Report-Monetary and Financial Statistics »

Volume/Issue: 2021/031

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2021

DOI: http://dx.doi.org/10.5089/9781513568218.002

ISBN: 9781513568218

Keywords: Nonbank financial institutions, Commercial banks, Monetary statistics, Offshore financial centers, Securities, ISCR, CR, ODC data, NBP staff, ODC survey

At the request of the Superintendency of Banks of Panama (SBP), and with the support of the International Monetary Fund's (IMF's) Western Hemisphere Department (WHD), a monetary and financial statistics (MFS) remot...