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Adequacy of Fund Resources-Further Considerations

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Adequacy of Fund Resources-Further Considerations »

Volume/Issue: 2021/008

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513571256.007

ISBN: 9781513571256

This paper is part of the workplan on the 15th General Review of Quotas (15th Review). The paper provides a two-pillar framework for assessing the adequacy of Fund resources, building on the staff paper discussed b...

Adequacy of Fund Resources-Further Considerations

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Adequacy of Fund Resources-Further Considerations »

Source: Adequacy of Fund Resources-Further Considerations

Volume/Issue: 2021/008

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571256

This paper is part of the workplan on the 15th General Review of Quotas (15th Review). The paper provides a two-pillar framework for assessing the adequacy of Fund resources, building on the staff paper discussed b...

Adequacy of Fund Resources - Preliminary Considerations

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Adequacy of Fund Resources - Preliminary Considerations »

Volume/Issue: 2021/006

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513571171.007

ISBN: 9781513571171

This paper provides background for initial considerations on the appropriate size of the Fund's overall lending capacity over the medium term. The paper reviews developments in the demand for Fund resources during...

Adequacy of Fund Resources - Preliminary Considerations

New
Adequacy of Fund Resources - Preliminary Considerations »

Source: Adequacy of Fund Resources - Preliminary Considerations

Volume/Issue: 2021/006

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571171

This paper provides background for initial considerations on the appropriate size of the Fund's overall lending capacity over the medium term. The paper reviews developments in the demand for Fund resources during...

Fifteenth General Review of Quotas- Additional Considerations and Data Update

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Fifteenth General Review of Quotas- Additional Considerations and Data Update »

Volume/Issue: 2021/010

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513571317.007

ISBN: 9781513571317

This paper provides background for a further round of discussions on the Fifteenth General Review of Quotas (hereafter 15th Review). The paper builds on work presented in previous staff papers and Directors' views...

Fifteenth General Review of Quotas- Additional Considerations and Data Update

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Fifteenth General Review of Quotas- Additional Considerations and Data Update »

Source: Fifteenth General Review of Quotas- Additional Considerations and Data Update

Volume/Issue: 2021/010

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571317

This paper provides background for a further round of discussions on the Fifteenth General Review of Quotas (hereafter 15th Review). The paper builds on work presented in previous staff papers and Directors' views...

Fifteenth General Review of Quotas-Further Considerations

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Fifteenth General Review of Quotas-Further Considerations »

Volume/Issue: 2021/009

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513571287.007

ISBN: 9781513571287

The paper revisits the two-pillar framework for assessing the adequacy of Fund resources. Responding to Directors suggestions, the quantitative pillar is updated to include alternative assumptions and to provide a...

Fifteenth General Review of Quotas-Further Considerations

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Fifteenth General Review of Quotas-Further Considerations »

Source: Fifteenth General Review of Quotas-Further Considerations

Volume/Issue: 2021/009

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571287

The paper revisits the two-pillar framework for assessing the adequacy of Fund resources. Responding to Directors suggestions, the quantitative pillar is updated to include alternative assumptions and to provide a...

Fifteenth General Review of Quotas-Quota Formula and Realigning Shares

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Fifteenth General Review of Quotas-Quota Formula and Realigning Shares »

Volume/Issue: 2021/007

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513571201.007

ISBN: 9781513571201

This paper provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board. It discusses issues related to further r...

Fifteenth General Review of Quotas-Quota Formula and Realigning Shares

New
Fifteenth General Review of Quotas-Quota Formula and Realigning Shares »

Source: Fifteenth General Review of Quotas-Quota Formula and Realigning Shares

Volume/Issue: 2021/007

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571201

This paper provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board. It discusses issues related to further r...

Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (April 2019)

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Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (April 2019) »

Volume/Issue: 2021/014

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513560113.007

ISBN: 9781513560113

Following the guidance on the Board of Governors Resolution No. 72-1 (December 2016), on April 3, 2019, the Executive Board discussed and adopted its third semi-annual report on progress on the Fifteenth Review. Th...

Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (April 2019)

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Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (April 2019) »

Source: Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (April 2019)

Volume/Issue: 2021/014

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513560113

Following the guidance on the Board of Governors Resolution No. 72-1 (December 2016), on April 3, 2019, the Executive Board discussed and adopted its third semi-annual report on progress on the Fifteenth Review. Th...

Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (October 2017)

New
Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (October 2017) »

Volume/Issue: 2021/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

DOI: http://dx.doi.org/10.5089/9781513559940.007

ISBN: 9781513559940

Following the guidance on the Board of Governors Resolution No. 72-1 (December 2016), on October 4, 2017, the Executive Board discussed and adopted its first semi-annual report on progress on the Fifteenth Review....

Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (October 2017)

New
Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (October 2017) »

Source: Progress on the Fifteenth General Review of Quotas-Report of the Executive Board to the Board of Governors (October 2017)

Volume/Issue: 2021/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513559940

Following the guidance on the Board of Governors Resolution No. 72-1 (December 2016), on October 4, 2017, the Executive Board discussed and adopted its first semi-annual report on progress on the Fifteenth Review....

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

New
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

New
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

New
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

New
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

New
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...

Communauté Économique et Monétaire de L’Afrique Centrale (CEMAC): Communauté Économique et Monétaire De L’Afrique Centrale — Politiques Communes À L’Appui des Programmes de Réforme des Pays Membres — Communiqué de Presse, Rapport des Services du FMI, Annexe D’Information et Déclaration de L’administrateur

New
Communauté Économique et Monétaire de L’Afrique Centrale (CEMAC): Communauté Économique et Monétaire De L’Afrique Centrale — Politiques Communes À L’Appui des Programmes de Réforme des Pays Membres — Communiqué de Presse, Rapport des Services du FMI, Annexe D’Information et Déclaration de L’administrateur »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2021

Language: French

ISBN: 9781513570242

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Communaute Économique et Monétaire de L’afrique Centrale (CEMAC): Rapport des Services du FMI sur les Politiques Communes des Pays Membres et les Politiques Communes À L’Appui des Programmes de Réforme des Pays Membres — Annexe D’information

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Communaute Économique et Monétaire de L’afrique Centrale (CEMAC): Rapport des Services du FMI sur les Politiques Communes des Pays Membres et les Politiques Communes À L’Appui des Programmes de Réforme des Pays Membres — Annexe D’information »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2021

Language: French

ISBN: 9781513570242

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Déclaration de M. Aivo Andrianarivelo, administrateur pour la Communauté économique et monétaire de l’Afrique centrale (CEMAC), M. Regis N’Sonde, administrateur suppléant, et M. Thierry Nguema-Affane, conseiller principal de l’administrateur 12 janvier 2021

New
Déclaration de M. Aivo Andrianarivelo, administrateur pour la Communauté économique et monétaire de l’Afrique centrale (CEMAC), M. Regis N’Sonde, administrateur suppléant, et M. Thierry Nguema-Affane, conseiller principal de l’administrateur 12 janvier 2021 »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2021

Language: French

ISBN: 9781513570242

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Central African Economic and Monetary Community (CEMAC)
			: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

New
Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community »

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513570242.002

ISBN: 9781513570242

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Le conseil d’administration du FMI achève les entretiens annuels concernant les politiques communes de la CEMAC et les politiques communes à l’appui des programmes de réforme des pays membres

New
Le conseil d’administration du FMI achève les entretiens annuels concernant les politiques communes de la CEMAC et les politiques communes à l’appui des programmes de réforme des pays membres »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2021

Language: French

ISBN: 9781513570242

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Review of the Adequacy of the Fund's Precautionary Balances

New
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

New
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

New
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

New
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

New
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

New
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

New
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

New
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

New
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

New
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...

Capital Markets, COVID-19 and Policy Measures*

New
Capital Markets, COVID-19 and Policy Measures* »

Source: Capital Markets, COVID-19 and Policy Measures

Volume/Issue: 2021/033

Series: IMF Working Papers

Author(s): Khalid ElFayoumi , and Martina Hengge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569413

Keywords: COVID-19 , Central bank policy rate, Fiscal stimulus, Credit default swap, Bonds, Capital flows, Lockdown policy, Fiscal policy, Monetary policy, Pull factors

The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if a...

Facing the Global Financial Cycle: What Role for Policy

New
Facing the Global Financial Cycle: What Role for Policy »

Source: Facing the Global Financial Cycle: What Role for Policy

Volume/Issue: 2021/034

Series: IMF Working Papers

Author(s): Nicoletta Batini , and Luigi Durand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569451

Keywords: Capital flows, Capital inflows, Capital controls, Capital flow surges, Exchange rates, Global Financial Cycle, Macroprudential Policy, IMF Institutional View., WP, GFCy spillover

Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global...

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

New
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

New
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

New
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...

A Time to Build: Does TA Matter for Revenue Mobilization?

New
A Time to Build: Does TA Matter for Revenue Mobilization? »

Volume/Issue: 2021/035

Series: IMF Working Papers

Author(s): Ralph Chami , Elorm Darkey , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569468.001

ISBN: 9781513569468

Keywords: Revenue administration, Income, Corruption, Tax administration core functions, Estimation techniques, Revenue mobilization, fiscal policy, institutions, financing for development, sustainable development goals.

We use a unique data set for 115 countries, from 2000-18, and 5-year non-overlapping averages to explore the impact of technical assitance on revenue mobilization. To the authors' knowledge this is the first such e...

A Unified Model of Cohort Mortality for Economic Analysis

New
A Unified Model of Cohort Mortality for Economic Analysis »

Volume/Issue: 2021/037

Series: IMF Working Papers

Author(s): Flavien Moreau , and Adriana Lleras-Muney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569499.001

ISBN: 9781513569499

Keywords: Health, Aging, Population and demographics, Women, Environment, Mortality, In-utero shocks, Selection, Scarring, WP

We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model provides an excellent fit for the mortality and survival curves for both primate and human popu...

Capital Markets, COVID-19 and Policy Measures

New
Capital Markets, COVID-19 and Policy Measures »

Volume/Issue: 2021/033

Series: IMF Working Papers

Author(s): Khalid ElFayoumi , and Martina Hengge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569413.001

ISBN: 9781513569413

Keywords: COVID-19 , Central bank policy rate, Fiscal stimulus, Credit default swap, Bonds, Capital flows, Lockdown policy, Fiscal policy, Monetary policy, Pull factors

The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if a...

Facing the Global Financial Cycle: What Role for Policy

New
Facing the Global Financial Cycle: What Role for Policy »

Volume/Issue: 2021/034

Series: IMF Working Papers

Author(s): Nicoletta Batini , and Luigi Durand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569451.001

ISBN: 9781513569451

Keywords: Capital flows, Capital inflows, Capital controls, Capital flow surges, Exchange rates, Global Financial Cycle, Macroprudential Policy, IMF Institutional View., WP, GFCy spillover

Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global...

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...

Income Inequality in Small States and the Caribbean: Stylized Facts and Determinants

New
Income Inequality in Small States and the Caribbean: Stylized Facts and Determinants »

Volume/Issue: 2021/036

Series: IMF Working Papers

Author(s): Arnold McIntyre , Pablo Bejar , Takuji Komatsuzaki , and Mauricio Vargas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569475.001

ISBN: 9781513569475

Keywords: Income inequality, Public debt, Income, Income distribution, Foreign direct investment, Small States, economic development, globalization, Gini at market income, absolute redistribution and income redistribution policies.

Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empiri...

Judge Bias in Labor Courts and Firm Performance

New
Judge Bias in Labor Courts and Firm Performance »

Volume/Issue: 2021/031

Series: IMF Working Papers

Author(s): Pierre Cahuc , Stéphane Carcillo , Berengere Patault , and Flavien Moreau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569383.001

ISBN: 9781513569383

Keywords: Employment, Wages, Economic and financial statistics, Labor, Return on investment, Dismissal compensation, judge bias, firm survival, WP, pro-worker bias

Does labor court uncertainty and judge subjectivity influence firms' performance? We study the economic consequences of judge decisions by collecting information on more than 145,000 Appeal court rulings, combined...

Regional Disparities, Growth, and Inclusiveness

New
Regional Disparities, Growth, and Inclusiveness »

Volume/Issue: 2021/038

Series: IMF Working Papers

Author(s): Holger Floerkemeier , Nikola Spatafora , and Anthony Venables

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569505.001

ISBN: 9781513569505

Keywords: Wages, Productivity, Income, Housing, Labor markets, Regional Disparities, Place-Based Policies, Inclusive Growth., WP, market forces

We discuss regional disparities in economic performance and living standards. We first set out some key facts, and provide a conceptual framework to help analyze whether such disparities are efficient, or instead...

The Impact of r-g on the Euro-Area Government Spending Multiplier

New
The Impact of r-g on the Euro-Area Government Spending Multiplier »

Volume/Issue: 2021/039

Series: IMF Working Papers

Author(s): Mario di Serio , Matteo Fragetta , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

DOI: http://dx.doi.org/10.5089/9781513569512.001

ISBN: 9781513569512

Keywords: Expenditure, Public debt, Fiscal multipliers, Business cycles, Fiscal stance, Fiscal multiplier, Panel VAR, Factor models, Euro Area, r-g.

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the s...

The Impact of r-g on the Euro-Area Government Spending Multiplier*

New
The Impact of r-g on the Euro-Area Government Spending Multiplier* »

Source: The Impact of r-g on the Euro-Area Government Spending Multiplier

Volume/Issue: 2021/039

Series: IMF Working Papers

Author(s): Mario di Serio , Matteo Fragetta , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569512

Keywords: Expenditure, Public debt, Fiscal multipliers, Business cycles, Fiscal stance, Fiscal multiplier, Panel VAR, Factor models, Euro Area, r-g.

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the s...

Income Inequality in Small States and the Caribbean: Stylized Facts and Determinants

New
Income Inequality in Small States and the Caribbean: Stylized Facts and Determinants »

Source: Income Inequality in Small States and the Caribbean: Stylized Facts and Determinants

Volume/Issue: 2021/036

Series: IMF Working Papers

Author(s): Arnold McIntyre , Pablo Bejar , Takuji Komatsuzaki , and Mauricio Vargas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569475

Keywords: Income inequality, Public debt, Income, Income distribution, Foreign direct investment, Small States, economic development, globalization, Gini at market income, absolute redistribution and income redistribution policies.

Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empiri...

Judge Bias in Labor Courts and Firm Performance

New
Judge Bias in Labor Courts and Firm Performance »

Source: Judge Bias in Labor Courts and Firm Performance

Volume/Issue: 2021/031

Series: IMF Working Papers

Author(s): Pierre Cahuc , Stéphane Carcillo , Berengere Patault , and Flavien Moreau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569383

Keywords: Employment, Wages, Economic and financial statistics, Labor, Return on investment, Dismissal compensation, judge bias, firm survival, WP, pro-worker bias

Does labor court uncertainty and judge subjectivity influence firms' performance? We study the economic consequences of judge decisions by collecting information on more than 145,000 Appeal court rulings, combined...

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...

Regional Disparities, Growth, and Inclusiveness

New
Regional Disparities, Growth, and Inclusiveness »

Source: Regional Disparities, Growth, and Inclusiveness

Volume/Issue: 2021/038

Series: IMF Working Papers

Author(s): Holger Floerkemeier , Nikola Spatafora , and Anthony Venables

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569505

Keywords: Wages, Productivity, Income, Housing, Labor markets, Regional Disparities, Place-Based Policies, Inclusive Growth., WP, market forces

We discuss regional disparities in economic performance and living standards. We first set out some key facts, and provide a conceptual framework to help analyze whether such disparities are efficient, or instead...

A Time to Build: Does TA Matter for Revenue Mobilization?

New
A Time to Build: Does TA Matter for Revenue Mobilization? »

Source: A Time to Build: Does TA Matter for Revenue Mobilization?

Volume/Issue: 2021/035

Series: IMF Working Papers

Author(s): Ralph Chami , Elorm Darkey , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569468

Keywords: Revenue administration, Income, Corruption, Tax administration core functions, Estimation techniques, Revenue mobilization, fiscal policy, institutions, financing for development, sustainable development goals.

We use a unique data set for 115 countries, from 2000-18, and 5-year non-overlapping averages to explore the impact of technical assitance on revenue mobilization. To the authors' knowledge this is the first such e...

A Unified Model of Cohort Mortality for Economic Analysis

New
A Unified Model of Cohort Mortality for Economic Analysis »

Source: A Unified Model of Cohort Mortality for Economic Analysis

Volume/Issue: 2021/037

Series: IMF Working Papers

Author(s): Flavien Moreau , and Adriana Lleras-Muney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2021

ISBN: 9781513569499

Keywords: Health, Aging, Population and demographics, Women, Environment, Mortality, In-utero shocks, Selection, Scarring, WP

We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model provides an excellent fit for the mortality and survival curves for both primate and human popu...

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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...