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Economic Integration in the Maghreb

Economic Integration in the Maghreb »

Source: Economic Integration in the Maghreb : An Untapped Source of Growth

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

ISBN: 9781484378373

Keywords: Economic development, Tunisia, Economic integration, Morocco, North Africa, Algeria, Maghreb, Mauritania, Middle East, Maghreb; Economic Integration; Economic Development; North Africa

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

Economic Integration in the Maghreb
			: An Untapped Source of Growth

Economic Integration in the Maghreb : An Untapped Source of Growth »

Volume/Issue: 2019/1

Series: Departmental Papers / Policy Papers

Author(s): Jean-Francois Dauphin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2019

DOI: http://dx.doi.org/10.5089/9781484378373.087

ISBN: 9781484378373

Keywords: Economic development, Tunisia, Economic integration, Morocco, North Africa, Algeria, Maghreb, Mauritania, Middle East, Maghreb; Economic Integration; Economic Development; North Africa

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their tota...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...

Chapter 3. Drivers

Chapter 3. Drivers »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Policy Objectives Employment In many areas of the MENAP region, high wage bills reflect the traditional role of the state as the employer of first reso...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Economic and social challenges have intensified across the Middle East and Central Asia. Despite a stronger global economy, the growth outlook for the region remains subdued (IMF 2017). Weak economic growth...

Chapter 4. Outcomes and Economic Effects

Chapter 4. Outcomes and Economic Effects »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Public Service Delivery Higher wage bills have on average not produced better service delivery, though public services are also affected by other considerations (Figures 4.1 and 4.2)...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Back Matter

Back Matter »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

2018 Quinquennial Review of the Funds Capacity Development Strategy
			:  Concept Note

2018 Quinquennial Review of the Funds Capacity Development Strategy : Concept Note »

Volume/Issue: 2017/003

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2017

DOI: http://dx.doi.org/10.5089/9781498347075.007

ISBN: 9781498347075

Keywords: Financial statistics, Economic policy, Economic indicators, Sustainable development, Development strategy, prioritization, capacity development, executive board, CCB, RBM

(CD), including technical assistance (TA) and training, is one of the three core pillars of the Fund's work. Its main objective is to help member countries build institutions and capacity necessary to formulate and...

2018 Quinquennial Review of the Funds Capacity Development Strategy

2018 Quinquennial Review of the Funds Capacity Development Strategy »

Source: 2018 Quinquennial Review of the Funds Capacity Development Strategy : Concept Note

Volume/Issue: 2017/003

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2017

ISBN: 9781498347075

Keywords: Financial statistics, Economic policy, Economic indicators, Sustainable development, Development strategy, prioritization, capacity development, executive board, CCB, RBM

(CD), including technical assistance (TA) and training, is one of the three core pillars of the Fund's work. Its main objective is to help member countries build institutions and capacity necessary to formulate and...

Avoiding the New Mediocre: Raising Long-Term Growth in the Middle East and Central Asia

Avoiding the New Mediocre: Raising Long-Term Growth in the Middle East and Central Asia »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Raising the Middle East and Central Asia's long-term growth prospects is critical for meeting the region's pressing need for jobs and higher living standards....

Back Matter

Back Matter »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Raising the Middle East and Central Asia's long-term growth prospects is critical for meeting the region's pressing need for jobs and higher living standards....

Avoiding the New Mediocre
			: Raising Long-Term Growth in the Middle East and Central Asia

Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

DOI: http://dx.doi.org/10.5089/9781513572710.087

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Raising the Middle East and Central Asia's long-term growth prospects is critical for meeting the region's pressing need for jobs and higher living standards....

4. Main Findings and Policy Implications

4. Main Findings and Policy Implications »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Well-targeted policies can boost the Middle East and Central Asia’s declining long-term economic growth prospects, lifting the region out of the “new mediocre.” In the midst of intensifying regional conflict...

3. Reforms to Unlock Growth Potential in the Middle East and Central Asia

3. Reforms to Unlock Growth Potential in the Middle East and Central Asia »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Raising growth potential requires combinations of reforms that can affect the factors discussed in Chapter 2 and, naturally, reform priorities vary across countries. Most reform areas are heavily discussed i...

2. What Matters for Growth of Productivity, Employment, and Capital?

2. What Matters for Growth of Productivity, Employment, and Capital? »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

The above supply-side drivers of growth have long been examined, 6 but what are the underlying determinants of these drivers? For example, technological progress can raise product...

1. Why Raise Long-Term Growth?

1. Why Raise Long-Term Growth? »

Source: Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Minasyan , Mark Fischer , and Gohar Abajyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2016

ISBN: 9781513572710

Keywords: Middle East and Central Asia, Fiscal policy, environment, oil, productivity, growth, employment, long-term growth, capital, labor

Underlying long-term growth is potential growth—the rate of growth of the level of output consistent with stable inflation, 2 which is fundamental to job creation and living stand...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781475596465.001

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Source: Macroeconomic Stability in Resource-Rich Countries

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...

Natural Resource Booms in the Modern Era
			: Is the curse still alive?

Natural Resource Booms in the Modern Era : Is the curse still alive? »

Volume/Issue: 2015/237

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

DOI: http://dx.doi.org/10.5089/9781513507224.001

ISBN: 9781513507224

Keywords: Resource Booms, gdp, economy, investment, capital, value, Infrastructures, All Countries,

The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the boomi...

Natural Resource Booms in the Modern Era

Natural Resource Booms in the Modern Era »

Source: Natural Resource Booms in the Modern Era : Is the curse still alive?

Volume/Issue: 2015/237

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

ISBN: 9781513507224

Keywords: Resource Booms, gdp, economy, investment, capital, value, Infrastructures, All Countries,

The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the boomi...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Source: Fair Taxation in the Middle East and North Africa

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

ISBN: 9781513563565

Keywords: Egypt, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Algeria, Income tax, Hydrocarbons, Iraq, Jordan, Lebanon

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Source: Fair Taxation in the Middle East and North Africa

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781513552255.006

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

DOI: http://dx.doi.org/10.5089/9781513563565.006

ISBN: 9781513563565

Keywords: Egypt, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Algeria, Income tax, Hydrocarbons, Iraq, Jordan, Lebanon

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices »

Source: Global Implications of Lower Oil Prices

Volume/Issue: 2015/15

Series: Staff Discussion Notes

Author(s): Aasim Husain , Rabah Arezki , Peter Breuer , Vikram Haksar , Thomas Helbling , Paulo Medas , and Martin Sommer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2015

ISBN: 9781513532417

Keywords: Oil price, fuel taxes and subsidies, fiscal vulnerabilities, external vulnerabilities, exchange rate regime, oil, prices, price, oil prices, energy

The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the...

Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices »

Volume/Issue: 2015/15

Series: Staff Discussion Notes

Author(s): Aasim Husain , Rabah Arezki , Peter Breuer , Vikram Haksar , Thomas Helbling , Paulo Medas , and Martin Sommer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2015

DOI: http://dx.doi.org/10.5089/9781513532417.006

ISBN: 9781513532417

Keywords: Oil price, fuel taxes and subsidies, fiscal vulnerabilities, external vulnerabilities, exchange rate regime, oil, prices, price, oil prices, energy

The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the...

The Journey to Inflation Targeting
			: Easier Said than Done The Case for Transitional Arrangements along the Road

The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road »

Volume/Issue: 2015/136

Series: IMF Working Papers

Author(s): Bernard Laurens , Kelly Eckhold , Darryl King , Nils Mæhle , Abdul Naseer , and Alain Durré

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2015

DOI: http://dx.doi.org/10.5089/9781513567990.001

ISBN: 9781513567990

Keywords: central bank, exchange rate, interest rates, central banks, General,

Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better...

The Journey to Inflation Targeting

The Journey to Inflation Targeting »

Source: The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road

Volume/Issue: 2015/136

Series: IMF Working Papers

Author(s): Bernard Laurens , Kelly Eckhold , Darryl King , Nils Mæhle , Abdul Naseer , and Alain Durré

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 June 2015

ISBN: 9781513567990

Keywords: central bank, exchange rate, interest rates, central banks, General,

Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better...

Is Islamic Banking Good for Growth?

Is Islamic Banking Good for Growth? »

Volume/Issue: 2015/81

Series: IMF Working Papers

Author(s): Patrick Imam , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

DOI: http://dx.doi.org/10.5089/9781475569285.001

ISBN: 9781475569285

Keywords: financial development, banks, banking, finance, bank, General,

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to eco...

Is Islamic Banking Good for Growth?

Is Islamic Banking Good for Growth? »

Source: Is Islamic Banking Good for Growth?

Volume/Issue: 2015/81

Series: IMF Working Papers

Author(s): Patrick Imam , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

ISBN: 9781475569285

Keywords: financial development, banks, banking, finance, bank, General,

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to eco...

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries »

Source: Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Volume: 15

Series: Technical Notes and Manuals

Author(s): Martin Cerisola , Chadi Abdallah , Victor Davies , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2015

ISBN: 9781498383905

Keywords: Fiscal policy, fiscal multipliers, fiscal, fiscal shocks, tax, multipliers, General, General

This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions app...

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries »

Volume: 15

Series: Technical Notes and Manuals

Author(s): Martin Cerisola , Chadi Abdallah , Victor Davies , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2015

DOI: http://dx.doi.org/10.5089/9781498383905.005

ISBN: 9781498383905

Keywords: Fiscal policy, fiscal multipliers, fiscal, fiscal shocks, tax, multipliers, General, General

This note is a reference guide to the econometric work on fiscal multipliers for MENAP countries. Spending and tax multipliers are estimated from conventional VAR models and identified using a sign-restrictions app...

Soft Power and Exchange Rate Volatility

Soft Power and Exchange Rate Volatility »

Volume/Issue: 2015/63

Series: IMF Working Papers

Author(s): Serhan Cevik , Richard Harris , and Fatih Yilmaz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

DOI: http://dx.doi.org/10.5089/9781475530520.001

ISBN: 9781475530520

Keywords: Exchange rate volatility, exchange, exchange rate, volatility, exchange rates, trade, Time-Series Models, International Monetary Arrangements and Institutions,

Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing...

Soft Power and Exchange Rate Volatility

Soft Power and Exchange Rate Volatility »

Source: Soft Power and Exchange Rate Volatility

Volume/Issue: 2015/63

Series: IMF Working Papers

Author(s): Serhan Cevik , Richard Harris , and Fatih Yilmaz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

ISBN: 9781475530520

Keywords: Exchange rate volatility, exchange, exchange rate, volatility, exchange rates, trade, Time-Series Models, International Monetary Arrangements and Institutions,

Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing...

Annex I. Medium-Term Economic Prospects in the MENAP and CCA Regions

Annex I. Medium-Term Economic Prospects in the MENAP and CCA Regions »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Economic growth potential in the Middle East and Central Asia is slowing faster than in other emerging market and developing regions, dampening hopes of reducing persistent unemp...

Annex II. Public Infrastructure Investment in the MENAP and CCA Regions

Annex II. Public Infrastructure Investment in the MENAP and CCA Regions »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Infrastructure investment is an important precondition for economic growth. The GCC countries already invest massively in infrastructure, but non-GCC oil exporters and MENA oil i...

Annex III. Access to Finance for Small and Medium-Sized Enterprises in the MENAP and CCA Regions

Annex III. Access to Finance for Small and Medium-Sized Enterprises in the MENAP and CCA Regions »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

The growth of small and medium-sized enterprises (SMEs) is critical to raising and diversifying economic growth and generating employment in the MENAP and CCA regions. However, d...

Annex IV. Measuring Inclusiveness in the MENAP and CCA Regions

Annex IV. Measuring Inclusiveness in the MENAP and CCA Regions »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Poverty rates and income inequality have declined in the MENAP and CCA regions over the past two decades. The size of the middle class has remained significant in both regions bu...

Annex V. Economic Cooperation and Integration in the CCA

Annex V. Economic Cooperation and Integration in the CCA »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Economic cooperation and integration, within the CCA and with other regions, can help CCA countries leverage their comparative advantages, gain access to larger and faster growing markets, and r...

Caucasus and Central Asia

Caucasus and Central Asia »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Population, millions (2013) GDP per capita, U.S. dollars (2013) Sources: IMF, Regional Economic Outlook database; and Microso...

3. Caucasus and Central Asia: Increased Risks Highlight Need for Reform

3. Caucasus and Central Asia: Increased Risks Highlight Need for Reform »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.6 percent in 2013 to about 5.5 percent in 2014–15. The forecast is ¾ percentage point weaker...

CCA Region Highlights

CCA Region Highlights »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Economic activity in the Caucasus and Central Asia (CCA) region is weakening, mainly because of the near-term slowdown and rising regional tensions affecting Russia, a key trading partner and source of remit...

1. MENAP Oil Exporters: Increasing Diversification, Reducing Reliance on Oil-Funded Spending

1. MENAP Oil Exporters: Increasing Diversification, Reducing Reliance on Oil-Funded Spending »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Intensified conflicts in Iraq and Libya have led to a downward revision in the 2014 growth projections for the MENAP oil exporters by ¾ of a percentage point compared with the Ma...

2. MENAP Oil Importers: Slow Recovery and Modest Prospects Call for Reform

2. MENAP Oil Importers: Slow Recovery and Modest Prospects Call for Reform »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Continued sociopolitical and security tensions, high public debt, and deep-rooted structural impediments continue to dampen the economic impetus provided by improvements in the external environm...

MENAP Region Highlights

MENAP Region Highlights »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primari...

Middle East, North Africa, Afghanistan, and Pakistan

Middle East, North Africa, Afghanistan, and Pakistan »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Population, millions (2013) GDP per capita, U.S. dollars (2013)...

Région MOANAP: Principaux Points

Région MOANAP: Principaux Points »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

La situation économique de la région MOANAP (Moyen-Orient, Afrique du Nord, Afghanistan et Pakistan) a continué d’évoluer au gré des diversités régionales. La plupart des pays exportateurs de pétrole à reven...

Regional Economic Outlook, October 2014, Middle East and Central Asia,

Regional Economic Outlook, October 2014, Middle East and Central Asia, »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

DOI: http://dx.doi.org/10.5089/9781498343732.086

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income o...

Back Matter

Back Matter »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income o...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income o...

Statistical Appendix

Statistical Appendix »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

This publication features an abbreviated version of the Statistical Appendix. The full Statistical Appendix is available online at www.imf.org/external/pubs/ft/reo/2014/mcd/eng/pdf/mreost1014.xlsx....

World Economic Outlook1

World Economic Outlook1 »

Source: Regional Economic Outlook, October 2014, Middle East and Central Asia,

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

Despite setbacks, an uneven global economic recovery continues. Largely due to weaker-than-expected global activity in the first half of 2014, the growth forecast for the world economy has been revised downw...

Middle East Transitions
			: A Long, Hard Road

Middle East Transitions : A Long, Hard Road »

Volume/Issue: 2014/135

Series: IMF Working Papers

Author(s): Shahid Yusuf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

DOI: http://dx.doi.org/10.5089/9781498359122.001

ISBN: 9781498359122

Keywords: economic transition, growth, youth unemployment, institutions, SMEs, SEZs, employment, labor market, labor force, General

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particul...

Middle East Transitions

Middle East Transitions »

Source: Middle East Transitions : A Long, Hard Road

Volume/Issue: 2014/135

Series: IMF Working Papers

Author(s): Shahid Yusuf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

ISBN: 9781498359122

Keywords: economic transition, growth, youth unemployment, institutions, SMEs, SEZs, employment, labor market, labor force, General

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particul...

Are Banks Really Lazy? Evidence from Middle East and North Africa

Are Banks Really Lazy? Evidence from Middle East and North Africa »

Source: Are Banks Really Lazy? Evidence from Middle East and North Africa

Volume/Issue: 2014/86

Series: IMF Working Papers

Author(s): Simon Gray , Philippe Karam , and Rima Turk Ariss

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2014

ISBN: 9781484386460

Keywords: MENA, credit, central bank, government securities, monetary fund, banking, monetary financing, General, Government Policy and Regulation, and credit.,

We investigate whether low loan-to-deposit (LTD) ratios and high levels of reserve balances at the central bank (or holdings of government securities) are a reflection of policy-driven factors compared to commonly...

Are Banks Really Lazy? Evidence from Middle East and North Africa

Are Banks Really Lazy? Evidence from Middle East and North Africa »

Volume/Issue: 2014/86

Series: IMF Working Papers

Author(s): Simon Gray , Philippe Karam , and Rima Turk Ariss

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2014

DOI: http://dx.doi.org/10.5089/9781484386460.001

ISBN: 9781484386460

Keywords: MENA, credit, central bank, government securities, monetary fund, banking, monetary financing, General, Government Policy and Regulation, and credit.,

We investigate whether low loan-to-deposit (LTD) ratios and high levels of reserve balances at the central bank (or holdings of government securities) are a reflection of policy-driven factors compared to commonly...

Toward New Horizons: Arab Economic Transformation amid Political Transition

Toward New Horizons: Arab Economic Transformation amid Political Transition »

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): Harald Finger , and Daniela Gressani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2014

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781484351826.087

ISBN: 9781484351826

Keywords: Arab Spring, Arab countries in transition, Yemen, Egypt, Libya, Tunisia, Morocco, Jordan, country studies, growth

The changing political landscape in the Arab world has created opportunities for economic transformation by tackling long-standing economic issues. Nevertheless, three years after the onset of political transition,...

This publication is currently available in PDF format only. Please click on the PDF link to the left

This publication is currently available in PDF format only. Please click on the PDF link to the left »

Source: Toward New Horizons: Arab Economic Transformation amid Political Transition

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): Harald Finger , and Daniela Gressani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2014

Language: Arabic

ISBN: 9781484351826

Keywords: Arab Spring, Arab countries in transition, Yemen, Egypt, Libya, Tunisia, Morocco, Jordan, country studies, growth

The changing political landscape in the Arab world has created opportunities for economic transformation by tackling long-standing economic issues. Nevertheless, three years after the onset of political transition,...

Understanding Countries' Tax Effort

Understanding Countries' Tax Effort »

Volume/Issue: 2013/244

Series: IMF Working Papers

Author(s): Ricardo Fenochietto , and Carola Pessino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

DOI: http://dx.doi.org/10.5089/9781484301272.001

ISBN: 9781484301272

Keywords: tax effort, tax frontier, tax capacity, stochastic tax frontier, inefficiency, tax revenues, tax analysis, determinants of tax revenue, tax system, Models with Panel Data

This paper presents a model to determine the tax effort and tax capacity of 113 countries and the main variables on which they depend. The results and the model allow a clear determination of which countries are ne...

Understanding Countries’ Tax Effort

Understanding Countries’ Tax Effort »

Source: Understanding Countries' Tax Effort

Volume/Issue: 2013/244

Series: IMF Working Papers

Author(s): Ricardo Fenochietto , and Carola Pessino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

ISBN: 9781484301272

Keywords: tax effort, tax frontier, tax capacity, stochastic tax frontier, inefficiency, tax revenues, tax analysis, determinants of tax revenue, tax system, Models with Panel Data

This paper presents a model to determine the tax effort and tax capacity of 113 countries and the main variables on which they depend. The results and the model allow a clear determination of which countries are ne...

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount »

Source: Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Volume/Issue: 2013/083

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2013

ISBN: 9781498341691

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Combating the financing of terrorism, Tax policy, Anti-money laundering, Multilateral development institutions

In March 2009 the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms of...

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount »

Volume/Issue: 2013/083

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2013

DOI: http://dx.doi.org/10.5089/9781498341691.007

ISBN: 9781498341691

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Combating the financing of terrorism, Tax policy, Anti-money laundering, Multilateral development institutions

In March 2009 the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms of...

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount »

Source: Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Volume/Issue: 2013/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

ISBN: 9781498341684

Keywords: Africa Regional Technical Assistance Center, Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, West Africa, Anti-money laundering, Banks, Combating the financing of terrorism

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Volume/Issue: 2013/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

ISBN: 9781498341677

Keywords: Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, Anti-money laundering, Banks, Combating the financing of terrorism, Development, Financial assistance

In March 2009, the Fund adopted the Instrument to establish a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument').1 The financing of act...

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount »

Volume/Issue: 2013/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

DOI: http://dx.doi.org/10.5089/9781498341684.007

ISBN: 9781498341684

Keywords: Africa Regional Technical Assistance Center, Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, West Africa, Anti-money laundering, Banks, Combating the financing of terrorism

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities »

Volume/Issue: 2013/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

DOI: http://dx.doi.org/10.5089/9781498341677.007

ISBN: 9781498341677

Keywords: Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, Anti-money laundering, Banks, Combating the financing of terrorism, Development, Financial assistance

In March 2009, the Fund adopted the Instrument to establish a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument').1 The financing of act...

IMF Executive Board Concludes the 2013 Article IV Consultation with Libya

IMF Executive Board Concludes the 2013 Article IV Consultation with Libya »

Source: Libya : 2013 Article IV Consultation

Volume/Issue: 2013/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484399026

Keywords: fiscal policy, fiscal sustainability, budget deficit, fiscal framework, government spending

The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but...

Libya
			: 2013 Article IV Consultation

Libya : 2013 Article IV Consultation »

Volume/Issue: 2013/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

DOI: http://dx.doi.org/10.5089/9781484399026.002

ISBN: 9781484399026

Keywords: fiscal policy, fiscal sustainability, budget deficit, fiscal framework, government spending

The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but...

Libya
			: Selected Issues

Libya : Selected Issues »

Volume/Issue: 2013/151

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

DOI: http://dx.doi.org/10.5089/9781484387399.002

ISBN: 9781484387399

Keywords: prices, electricity, electricity subsidies, electricity tariffs, pricing

The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities, including education, health, and infrastructure. Libya's ample hydrocarbon wealth will allow it to re...

Libya

Libya »

Source: Libya : 2013 Article IV Consultation

Volume/Issue: 2013/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484399026

Keywords: fiscal policy, fiscal sustainability, budget deficit, fiscal framework, government spending

The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but...

Libya

Libya »

Source: Libya : Selected Issues

Volume/Issue: 2013/151

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484387399

Keywords: prices, electricity, electricity subsidies, electricity tariffs, pricing

The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities, including education, health, and infrastructure. Libya's ample hydrocarbon wealth will allow it to re...

Libya: Staff Report for The 2013 Article IV Consultation—Informational Annex

Libya: Staff Report for The 2013 Article IV Consultation—Informational Annex »

Source: Libya : 2013 Article IV Consultation

Volume/Issue: 2013/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484399026

Keywords: fiscal policy, fiscal sustainability, budget deficit, fiscal framework, government spending

The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but...

Statement by Mr. Shakour A. Shaalan, Executive Director for Libya, May 17, 2013

Statement by Mr. Shakour A. Shaalan, Executive Director for Libya, May 17, 2013 »

Source: Libya : 2013 Article IV Consultation

Volume/Issue: 2013/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

ISBN: 9781484399026

Keywords: fiscal policy, fiscal sustainability, budget deficit, fiscal framework, government spending

The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but...

Searching for the Finance-Growth Nexus in Libya

Searching for the Finance-Growth Nexus in Libya »

Volume/Issue: 2013/92

Series: IMF Working Papers

Author(s): Serhan Cevik , and Mohammad Rahmati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2013

DOI: http://dx.doi.org/10.5089/9781484385883.001

ISBN: 9781484385883

Keywords: Financial systems, Financial intermediation, Economic models, Africa, Economic growth, Development, Libyan Arab Jamahiriya, Libya, Nonoil sector, Production growth

This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970-2010. The empirical results vary with estimation methodology and model specification...

Searching for the Finance-Growth Nexus in Libya

Searching for the Finance-Growth Nexus in Libya »

Source: Searching for the Finance-Growth Nexus in Libya

Volume/Issue: 2013/92

Series: IMF Working Papers

Author(s): Serhan Cevik , and Mohammad Rahmati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2013

ISBN: 9781484385883

Keywords: Financial systems, Financial intermediation, Economic models, Africa, Economic growth, Development, Libyan Arab Jamahiriya, Libya, Nonoil sector, Production growth

This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970-2010. The empirical results vary with estimation methodology and model specification...

The Dynamic Effect of Social and Political Instability on Output

The Dynamic Effect of Social and Political Instability on Output »

Source: The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms

Volume/Issue: 2013/91

Series: IMF Working Papers

Author(s): Lorenzo E. Bernal-Verdugo , Davide Furceri , and Dominique Guillaume

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2013

ISBN: 9781484381687

Keywords: Economic models, Economic growth, Fiscal reforms, Political economy, social conflicts, reforms, crisis, growth, governance, social instability

The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts h...

The Dynamic Effect of Social and Political Instability on Output
			: The Role of Reforms

The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms »

Volume/Issue: 2013/91

Series: IMF Working Papers

Author(s): Lorenzo E. Bernal-Verdugo , Davide Furceri , and Dominique Guillaume

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2013

DOI: http://dx.doi.org/10.5089/9781484381687.001

ISBN: 9781484381687

Keywords: Economic models, Economic growth, Fiscal reforms, Political economy, social conflicts, reforms, crisis, growth, governance, social instability

The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts h...

The Day After Tomorrow

The Day After Tomorrow »

Source: The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya

Volume/Issue: 2013/79

Series: IMF Working Papers

Author(s): Carlos Caceres , Serhan Cevik , Ricardo Fenochietto , and Borja Gracia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484389812

Keywords: Fiscal policy, cyclical adjustment, fiscal sustainability, permanent income hypothesis, fiscal rules, natural resources, public financial management, fiscal stance, primary deficit, Structure and Scope of Government

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, proc...

Hitchhiker’s Guide to Inflation in Libya

Hitchhiker’s Guide to Inflation in Libya »

Source: Hitchhiker's Guide to Inflation in Libya

Volume/Issue: 2013/78

Series: IMF Working Papers

Author(s): Serhan Cevik , and Katerina Teksoz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484353042

Keywords: Exchange rate pass-through, Economic models, Economic integration, Central banks and their policies, Monetary policy, Money supply, Libya, Libyan Arab Jamahiriya, Inflation, Fiscal policy

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964-2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of...

Hitchhiker's Guide to Inflation in Libya

Hitchhiker's Guide to Inflation in Libya »

Volume/Issue: 2013/78

Series: IMF Working Papers

Author(s): Serhan Cevik , and Katerina Teksoz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

DOI: http://dx.doi.org/10.5089/9781484353042.001

ISBN: 9781484353042

Keywords: Exchange rate pass-through, Economic models, Economic integration, Central banks and their policies, Monetary policy, Money supply, Libya, Libyan Arab Jamahiriya, Inflation, Fiscal policy

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964-2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of...

The Day After Tomorrow
			: Designing an Optimal Fiscal Strategy for Libya

The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya »

Volume/Issue: 2013/79

Series: IMF Working Papers

Author(s): Carlos Caceres , Serhan Cevik , Ricardo Fenochietto , and Borja Gracia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

DOI: http://dx.doi.org/10.5089/9781484389812.001

ISBN: 9781484389812

Keywords: Fiscal policy, cyclical adjustment, fiscal sustainability, permanent income hypothesis, fiscal rules, natural resources, public financial management, fiscal stance, primary deficit, Structure and Scope of Government

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, proc...

The Economics of Political Transitions

The Economics of Political Transitions »

Source: The Economics of Political Transitions : Implications for the Arab Spring

Volume/Issue: 2013/69

Series: IMF Working Papers

Author(s): Padamja Khandelwal , and Agustin Roitman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2013

ISBN: 9781475569643

Keywords: political instability, Arab Countries in Transition, Arab Spring, exchange rate, social unrest, current account balance, exchange rate regimes, currency depreciation, Asia including Middle East, Macroeconomic Analyses of Economic Development

Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to deriv...

The Economics of Political Transitions
			: Implications for the Arab Spring

The Economics of Political Transitions : Implications for the Arab Spring »

Volume/Issue: 2013/69

Series: IMF Working Papers

Author(s): Padamja Khandelwal , and Agustin Roitman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2013

DOI: http://dx.doi.org/10.5089/9781475569643.001

ISBN: 9781475569643

Keywords: political instability, Arab Countries in Transition, Arab Spring, exchange rate, social unrest, current account balance, exchange rate regimes, currency depreciation, Asia including Middle East, Macroeconomic Analyses of Economic Development

Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to deriv...

As a Matter of Finance: To help boost economic growth, Arab countries need a stable supply of funds and better access to credit

As a Matter of Finance: To help boost economic growth, Arab countries need a stable supply of funds and better access to credit »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Back to Basics: What Are Structural Policies?: Monetary and fiscal policies deal with short-term economic fluctuations, but an economy’s problems often go deeper

Back to Basics: What Are Structural Policies?: Monetary and fiscal policies deal with short-term economic fluctuations, but an economy’s problems often go deeper »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Book Reviews

Book Reviews »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

The Comeback: Mexico’s newfound competitiveness helps it regain a share of the U.S. import market it had lost to China

The Comeback: Mexico’s newfound competitiveness helps it regain a share of the U.S. import market it had lost to China »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Data Spotlight: Inclusive Africa: The number of Africans with access to banking and other financial services is growing

Data Spotlight: Inclusive Africa: The number of Africans with access to banking and other financial services is growing »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Degrees of Development: New data suggest that the higher the educational attainment of civil servants the better a country’s economic outcomes

Degrees of Development: New data suggest that the higher the educational attainment of civil servants the better a country’s economic outcomes »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Finance & Development, March 2013

Finance & Development, March 2013 »

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

DOI: http://dx.doi.org/10.5089/9781475542684.022

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Freedom and Bread Go Together: Economic reforms in the Arab world must be implemented in parallel with political change

Freedom and Bread Go Together: Economic reforms in the Arab world must be implemented in parallel with political change »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

From the Editor: Full Speed Ahead

From the Editor: Full Speed Ahead »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

Held Back by Uncertainty: Recoveries are slowed when businesses and consumers are unsure of the future

Held Back by Uncertainty: Recoveries are slowed when businesses and consumers are unsure of the future »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

In Brief

In Brief »

Source: Finance & Development, March 2013

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...