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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...

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

...

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...

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

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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

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

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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...

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...

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...

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

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...

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...

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...

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...

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...

Panama

New
Panama »

Source: 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

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...

Review of the Debt Sustainability Framework for Market Access Countries—Annexes

New
Review of the Debt Sustainability Framework for Market Access Countries—Annexes »

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...

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

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

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

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

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

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Non-observance of Performance Criteria —Debt Sustainability Analysis

New
Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Non-observance of Performance Criteria —Debt Sustainability Analysis »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Non-Observance of Performance Criteria —Supplementary Information

New
Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Non-Observance of Performance Criteria —Supplementary Information »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

New
Central African Republic: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility—Debt Sustainability Analysis

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

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: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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—Informational Annex

New
Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility—Informational Annex »

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: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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 Approves a US$9.95 Million Disbursement to Tonga

New
IMF Executive Board Approves a US$9.95 Million Disbursement to Tonga »

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

IMF Executive Board Approves a US$20.47 Million Emergency Assistance for Guinea-Bissau to Address the COVID-19 Pandemic

New
IMF Executive Board Approves a US$20.47 Million Emergency Assistance for Guinea-Bissau to Address the COVID-19 Pandemic »

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: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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 Completes First and Second Reviews of the Central African Republic’s Arrangement Under the Extended Credit Facility and Approves US$ 34.4 Million Disbursement

New
IMF Executive Board Completes First and Second Reviews of the Central African Republic’s Arrangement Under the Extended Credit Facility and Approves US$ 34.4 Million Disbursement »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria

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

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

IMF Executive Board Concludes 2020 Article IV Consultation with Tonga

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

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

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

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

DOI: http://dx.doi.org/10.5089/9781513568119.002

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Central African Republic
			: First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

New
Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic »

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

DOI: http://dx.doi.org/10.5089/9781513568157.002

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

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: 01 February 2021

DOI: http://dx.doi.org/10.5089/9781513568188.002

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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...

Tonga
			: 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

New
Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga »

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

DOI: http://dx.doi.org/10.5089/9781513568041.002

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

Statement by Mr. Aivo Andrianarivelo, Executive Director for the Central African Republic, and Mr. Madjiyam Herve Bangrim Kibassim, Advisor to the Executive Director January 12, 2021

New
Statement by Mr. Aivo Andrianarivelo, Executive Director for the Central African Republic, and Mr. Madjiyam Herve Bangrim Kibassim, Advisor to the Executive Director January 12, 2021 »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

Statement by Mr. Andrianarivelo, Mr. Sylla, and Mr. Lopes Varela on Guinea-Bissau January 25, 2021

New
Statement by Mr. Andrianarivelo, Mr. Sylla, and Mr. Lopes Varela on Guinea-Bissau January 25, 2021 »

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: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

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...

Statement by Mr. Paul Hilbers, Executive Director for Bulgaria and Mr. Tsvetan Manchev, Advisor to the Executive Director January 27, 2021

New
Statement by Mr. Paul Hilbers, Executive Director for Bulgaria and Mr. Tsvetan Manchev, Advisor to the Executive Director January 27, 2021 »

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Statement by Ms. Mahasandana, Executive Director, and Mr. Mochtar, Alternate Executive Director, on Tonga January 25, 2021

New
Statement by Ms. Mahasandana, Executive Director, and Mr. Mochtar, Alternate Executive Director, on Tonga January 25, 2021 »

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

Statement by the Staff Representative on the Central African Republic January 12, 2021

New
Statement by the Staff Representative on the Central African Republic January 12, 2021 »

Source: Central African Republic : First and Second Reviews Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Central African Republic

Volume/Issue: 2021/028

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568157

Keywords: Public debt, COVID-19 , External debt, Expenditure, Arrears, ISCR, CR, asset declaration law, staff appraisal, staff statement

The Covid-19 pandemic had a substantial impact on C.A.R.'s economy but appears now somewhat contained. The number of positive cases and related deaths has been very limited over the last few months, even though mos...

Tonga: 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Tonga

New
Tonga: 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Tonga »

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

Tonga: Staff Report for the 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility—Debt Sustainability Analysis

New
Tonga: Staff Report for the 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility—Debt Sustainability Analysis »

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

Tonga: Staff Report for the 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility — Informational Annex

New
Tonga: Staff Report for the 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility — Informational Annex »

Source: Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga

Volume/Issue: 2021/026

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568041

Keywords: Public debt, External debt, COVID-19 , Natural disasters, Remittances, ISCR, CR, budget financing, growth potential, spending efficiency

Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21/2 percent due to domestic c...

Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing

New
Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing »

Source: Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing

Volume/Issue: 2021/015

Series: IMF Working Papers

Author(s): Timothy Hills , Huy Nguyen , and Randa Sab

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567778

Keywords: Concessional external borrowing, External debt, Factor models, Real effective exchange rates, Current account balance, Concessional financing, dynamic factor model, probit regression., WP, financing arrangement

This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We...

External Financing Risks: How Important is the Composition of the International Investment Position?

New
External Financing Risks: How Important is the Composition of the International Investment Position? »

Source: External Financing Risks: How Important is the Composition of the International Investment Position?

Volume/Issue: 2021/020

Series: IMF Working Papers

Author(s): Luis Cubeddu , Swarnali Hannan , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513568102

Keywords: External debt, Sudden stops, Foreign currency debt, Financial crises, International reserves, international investment positions, current account, foreign reserves, sudden stops with large output loss, external crises.

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...

Fiscal Dominance in Sub-Saharan Africa Revisited

New
Fiscal Dominance in Sub-Saharan Africa Revisited »

Source: Fiscal Dominance in Sub-Saharan Africa Revisited

Volume/Issue: 2021/017

Series: IMF Working Papers

Author(s): John Hooley , Lam Nguyen , Mika Saito , and Shirin Nikaein Towfighian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567747

Keywords: Bank credit, Legal support in revenue administration, Government debt management, Government debt planning, Loans, Inflation, monetary policy, central bank, fiscal policy, fiscal dominance

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroe...

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

New
Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery »

Source: Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Volume/Issue: 2021/016

Series: IMF Working Papers

Author(s): W. Bauer , R. Craig , José Garrido , Kenneth Kang , Kenichiro Kashiwase , Sung Jin Kim , Yan Liu , and Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513568096

Keywords: COVID-19, fiscal response, financial sector policy, corporate restructuring, insolvency frameworks

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on li...

Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing

New
Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing »

Volume/Issue: 2021/015

Series: IMF Working Papers

Author(s): Timothy Hills , Huy Nguyen , and Randa Sab

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567778.001

ISBN: 9781513567778

Keywords: Concessional external borrowing, External debt, Factor models, Real effective exchange rates, Current account balance, Concessional financing, dynamic factor model, probit regression., WP, financing arrangement

This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We...

External Financing Risks: How Important is the Composition of the International Investment Position?

New
External Financing Risks: How Important is the Composition of the International Investment Position? »

Volume/Issue: 2021/020

Series: IMF Working Papers

Author(s): Luis Cubeddu , Swarnali Hannan , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513568102.001

ISBN: 9781513568102

Keywords: External debt, Sudden stops, Foreign currency debt, Financial crises, International reserves, international investment positions, current account, foreign reserves, sudden stops with large output loss, external crises.

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...

Fiscal Dominance in Sub-Saharan Africa Revisited

New
Fiscal Dominance in Sub-Saharan Africa Revisited »

Volume/Issue: 2021/017

Series: IMF Working Papers

Author(s): John Hooley , Lam Nguyen , Mika Saito , and Shirin Nikaein Towfighian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567747.001

ISBN: 9781513567747

Keywords: Bank credit, Legal support in revenue administration, Government debt management, Government debt planning, Loans, Inflation, monetary policy, central bank, fiscal policy, fiscal dominance

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroe...

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

New
Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery »

Volume/Issue: 2021/016

Series: IMF Working Papers

Author(s): W. Bauer , R. Craig , José Garrido , Kenneth Kang , Kenichiro Kashiwase , Sung Jin Kim , Yan Liu , and Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513568096.001

ISBN: 9781513568096

Keywords: COVID-19, fiscal response, financial sector policy, corporate restructuring, insolvency frameworks

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on li...

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

New
Initial Output Losses from the Covid-19 Pandemic: Robust Determinants »

Volume/Issue: 2021/018

Series: IMF Working Papers

Author(s): Davide Furceri , Michael Ganslmeier , Jonathan Ostry , and Naihan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567013.001

ISBN: 9781513567013

Keywords: Population and demographics, Fiscal stimulus, COVID-19 , Health, Labor market regulations, Recession, Resilience, WALS, BMA, Model-Averaging.

While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging t...

Is Regional Trade Integration a Growth and Convergence Engine in Africa?

New
Is Regional Trade Integration a Growth and Convergence Engine in Africa? »

Volume/Issue: 2021/019

Series: IMF Working Papers

Author(s): Vigninou Gammadigbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567716.001

ISBN: 9781513567716

Keywords: Regional integration, Trade integration, Personal income, Economic integration, Plurilateral trade, economic growth, income convergence, Africa, WP, trade intensity

The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data o...

Social Repercussions of Pandemics

New
Social Repercussions of Pandemics »

Volume/Issue: 2021/021

Series: IMF Working Papers

Author(s): Philip Barrett , and Sophia Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567723.001

ISBN: 9781513567723

Keywords: Natural disasters, COVID-19 , Health, Communicable diseases, Personal income, crisis, disasters, epidemic, social unrest, WP

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social...

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

New
Initial Output Losses from the Covid-19 Pandemic: Robust Determinants »

Source: Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

Volume/Issue: 2021/018

Series: IMF Working Papers

Author(s): Davide Furceri , Michael Ganslmeier , Jonathan Ostry , and Naihan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567013

Keywords: Population and demographics, Fiscal stimulus, COVID-19 , Health, Labor market regulations, Recession, Resilience, WALS, BMA, Model-Averaging.

While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging t...

Is Regional Trade Integration a Growth and Convergence Engine in Africa?

New
Is Regional Trade Integration a Growth and Convergence Engine in Africa? »

Source: Is Regional Trade Integration a Growth and Convergence Engine in Africa?

Volume/Issue: 2021/019

Series: IMF Working Papers

Author(s): Vigninou Gammadigbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567716

Keywords: Regional integration, Trade integration, Personal income, Economic integration, Plurilateral trade, economic growth, income convergence, Africa, WP, trade intensity

The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data o...

Social Repercussions of Pandemics1

New
Social Repercussions of Pandemics1 »

Source: Social Repercussions of Pandemics

Volume/Issue: 2021/021

Series: IMF Working Papers

Author(s): Philip Barrett , and Sophia Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567723

Keywords: Natural disasters, COVID-19 , Health, Communicable diseases, Personal income, crisis, disasters, epidemic, social unrest, WP

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social...