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FinTech in Sub-Saharan African Countries »

Source: FinTech in Sub-Saharan African Countries : A Game Changer?

Volume/Issue: 2019/4

Series: Departmental Papers / Policy Papers

Author(s): Amadou Sy , Rodolfo Maino , Alexander Massara , Hector Perez Saiz , and Preya Sharma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2019

ISBN: 9781484385661

Keywords: Sub-Saharan Africa, Financial services, Technological innovation, Financial inclusion, FinTech; Financial Technology; Financial Inclusion; Innovation; Sub-Saharan Africa

FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitiv...

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...

Debt Maturity and the Use of Short-term Debt: Evidence from Sovereigns and Firms »

Source: Debt Maturity and the Use of Short-Term Debt : Evidence form Sovereigns and Firms

Volume/Issue: 2019/3

Series: Departmental Papers / Policy Papers

Author(s): Sophia Chen , Paola Ganum , Lucy Qian Liu , Leonardo Martinez , and Maria Martinez Peria

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2019

ISBN: 9781484380536

Keywords: Sovereign debt, Corporate debt, Debt Maturity; Short-term Debt

The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is as...

How to Notes: How to Organize Central Securities Depositories in Developing Markets—Key Considerations »

Source: How to Organize Central Securities Depositories in Developing Markets : Key Considerations

Volume: 19

Series: IMF How To Notes

Author(s): Froukelien Wendt , Peter Katz , and Alice Zanza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2019

ISBN: 9781484397312

Keywords: Securities markets, Securities regulations, Depositories, Developing countries, Monetary policy

The key objective of this note is to support authorities in their decision making about the optimal organization of central securities depositories (CSDs) in their country. For the purpose of this note, a CSD is de...

Former Yugoslav Republic Of Macedonia: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia »

Source: Former Yugoslav Republic of Macedonia : 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Volume/Issue: 2019/32

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396704

More than twelve years after achieving candidate status, FYR Macedonia's prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis...

Former Yugoslav Republic Of Macedonia: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Former Yugoslav Republic of Macedonia : 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Volume/Issue: 2019/32

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396704

More than twelve years after achieving candidate status, FYR Macedonia's prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis...

IMF Executive Board Concludes 2018 Article IV Consultation with FYR Macedonia »

Source: Former Yugoslav Republic of Macedonia : 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Volume/Issue: 2019/32

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396704

More than twelve years after achieving candidate status, FYR Macedonia's prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis...

Statement by Mr. Richard Doornbosch, Alternate Executive Director for Former Yugoslav Republic of Macedonia and Mr. Dragos Tolici, Senior Advisor to Executive Director January 23, 2019 »

Source: Former Yugoslav Republic of Macedonia : 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Volume/Issue: 2019/32

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396704

More than twelve years after achieving candidate status, FYR Macedonia's prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis...

Statement by the Staff Representative on Former Yugoslav Republic of Macedonia January 23, 2019 »

Source: Former Yugoslav Republic of Macedonia : 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Volume/Issue: 2019/32

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396704

More than twelve years after achieving candidate status, FYR Macedonia's prospects for opening accession negotiations with the European Union are looking hopeful for the first time. The end of the political crisis...

Guinea: Second Review of the Arrangement Under the Three-year Extended Credit Facility, Financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion—Debt Sustainability Analysis »

Source: Guinea : Second Review of the Arrangement under the Three-Year Extended Credit Facility, financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396636

Guinea's strong growth momentum continues. Real growth reached about 10 percent in 2017 and is expected at about 6 percent in 2018 and 2019. However, the social context remains fragile. Risks of political and soci...

Guinea: Second Review of the Arrangement Under the Three-year Extended Credit Facility, Financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion—Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Source: Guinea : Second Review of the Arrangement under the Three-Year Extended Credit Facility, financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396636

Guinea's strong growth momentum continues. Real growth reached about 10 percent in 2017 and is expected at about 6 percent in 2018 and 2019. However, the social context remains fragile. Risks of political and soci...

IMF Executive Board Completes Second Review of the Extended Credit Facility with Guinea »

Source: Guinea : Second Review of the Arrangement under the Three-Year Extended Credit Facility, financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396636

Guinea's strong growth momentum continues. Real growth reached about 10 percent in 2017 and is expected at about 6 percent in 2018 and 2019. However, the social context remains fragile. Risks of political and soci...

IMF Executive Board Completes Seventh Review under the Policy Support Instrument (PSI) for Senegal and Concludes 2018 Article IV Consultation »

Source: Senegal : Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 2019/27

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396254

Senegal's main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Pl...

Senegal: Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Debt Sustainability Analysis »

Source: Senegal : Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 2019/27

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396254

Senegal's main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Pl...

Senegal: Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Debt Sustainability Analysis—Press Release; Staff Report; and Statement by the Executive Director for Senegal »

Source: Senegal : Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 2019/27

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396254

Senegal's main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Pl...

Senegal: Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Informational Annex »

Source: Senegal : Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 2019/27

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396254

Senegal's main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Pl...

Statement by Mr. Mohamed-Lemine Raghani, Executive Director and Mr. Oumar Diakite on Senegal »

Source: Senegal : Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 2019/27

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396254

Senegal's main challenge is sustaining high GDP growth rates while maintaining fiscal sustainability and improving the business environment to create jobs for the fast-growing population. The second phase of the Pl...

Statement by Mr. Mohamed-Lemine Raghani, Executive Director for Guinea, Mr. Facinet Sylla, Alternate Executive Director and Mr. Mamadou Siradiou Bah, Advisor to the Executive Director »

Source: Guinea : Second Review of the Arrangement under the Three-Year Extended Credit Facility, financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396636

Guinea's strong growth momentum continues. Real growth reached about 10 percent in 2017 and is expected at about 6 percent in 2018 and 2019. However, the social context remains fragile. Risks of political and soci...

Statement by the IMF Staff Representative on Guinea December 21, 2018 »

Source: Guinea : Second Review of the Arrangement under the Three-Year Extended Credit Facility, financing Assurances Review, and Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2019

ISBN: 9781484396636

Guinea's strong growth momentum continues. Real growth reached about 10 percent in 2017 and is expected at about 6 percent in 2018 and 2019. However, the social context remains fragile. Risks of political and soci...

IMF Executive Board Concludes 2018 Article IV Consultation Discussions with the Kingdom of the Netherlands—Curaçao and Sint Maarten »

Source: Kingdom of the Netherlands-Curaçao and Sint Maarten : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/23

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484395929

Weak growth and underlying structural vulnerabilities persist in both Curaçao and Sint Maarten. Worsened macroeconomic conditions-reflecting the spillovers from one of Curaçao's largest trading partners and the dev...

Kingdom of the Netherlands—Curaçao and Sint Maarten: Staff Report for the 2018 Article IV Consultation Discussions »

Source: Kingdom of the Netherlands-Curaçao and Sint Maarten : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/23

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484395929

Weak growth and underlying structural vulnerabilities persist in both Curaçao and Sint Maarten. Worsened macroeconomic conditions-reflecting the spillovers from one of Curaçao's largest trading partners and the dev...

Kingdom of the Netherlands—Curaçao and Sint Maarten: Staff Report for the 2018 Article IV Consultation Discussions—Informational Annex »

Source: Kingdom of the Netherlands-Curaçao and Sint Maarten : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/23

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484395929

Weak growth and underlying structural vulnerabilities persist in both Curaçao and Sint Maarten. Worsened macroeconomic conditions-reflecting the spillovers from one of Curaçao's largest trading partners and the dev...

Nonresident Capital Flows and Volatility: Evidence from Malaysia's Local Currency Bond Market »

Source: Nonresident Capital Flows and Volatility: Evidence from Malaysia's Local Currency Bond Market

Volume/Issue: 2019/23

Series: IMF Working Papers

Author(s): David Grigorian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484393161

Keywords: Malaysia, Asia and Pacific, Debt markets, International financial markets, nonresident investors, volatility, Asset Pricing

Malaysia's local currency debt market is one of the most liquid public debt markets in the world. In recent years, the growing share of nonresident holders of debt has been a source of concern for policymakers as a...

Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands »

Source: Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands

Volume/Issue: 2019/22

Series: IMF Working Papers

Author(s): Marc Gerard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484395912

Keywords: pension funds, defined benefit plans, defined contribution plans, fully funded, pension mathematics, stress tests

The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity am...

Somalia »

Source: Somalia : Technical Assistance Report-Internal Audit and Accounting Training for the Central Bank of Somalia

Volume/Issue: 2019/22

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2019

ISBN: 9781484395875

The CBS has taken steps to establish important pillars of a proper policy framework for financial reporting, auditing, and internal controls by approving the Internal Audit and Audit Committee Charters and is commi...

Argentina »

Source: Argentina : Technical Assistance Report-Report of the Technical Assistance Mission on External Sector Statistics (April 17-28, 2017)

Volume/Issue: 2019/18

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484395592

Keywords: Argentina, Western Hemisphere

At the request of the National Statistics and Census Institute (INDEC), a technical assistance mission on external sector statistics (ESS) visited Buenos Aires during April 17-28, 2017. This was a follow up to the...

Argentina »

Source: Argentina : Technical Assistance Report-Technical Assistance Mission on External Sector Statistics (November 14-25, 2016)

Volume/Issue: 2019/19

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484395677

Keywords: Western Hemisphere, Argentina

At the request of the National Institute of Statistics and Censuses (INDEC), a technical-assistance mission on external-sector statistics (ESS) visited Buenos Aires on November 14-25, 2016. Currently, INDEC's Nat...

Chad: Third Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review »

Source: Chad : Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of Performance Criterion and Financing Assurances Review-Press Release; Staff Report and Statement by the Executive Director for Chad

Volume/Issue: 2019/25

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396087

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The c...

Chad: Third Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review—Debt Sustainability Analysis »

Source: Chad : Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of Performance Criterion and Financing Assurances Review-Press Release; Staff Report and Statement by the Executive Director for Chad

Volume/Issue: 2019/25

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396087

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The c...

Chad: Third Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review—Supplementary Information, Revised Proposed Decision and Supplementary Letter of Intent »

Source: Chad : Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of Performance Criterion and Financing Assurances Review-Press Release; Staff Report and Statement by the Executive Director for Chad

Volume/Issue: 2019/25

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396087

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The c...

Commodity Terms of Trade »

Source: Commodity Terms of Trade : A New Database

Volume/Issue: 2019/21

Series: IMF Working Papers

Author(s): Bertrand Gruss , and Suhaib Kebhaj

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484393857

Keywords: Commodity terms of trade; terms of trade; commodity prices, Commodity terms of trade, terms of trade, commodity prices, General

This paper presents a comprehensive database of country-specific commodity price indices for 182 economies covering the period 1962-2018. For each country, the change in the international price of up to 45 individu...

IMF Executive Board Completes Third Review under Extended Credit Facility for Chad and Approves US$48.6 Million Disbursement »

Source: Chad : Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of Performance Criterion and Financing Assurances Review-Press Release; Staff Report and Statement by the Executive Director for Chad

Volume/Issue: 2019/25

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396087

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The c...

IMF Executive Board Concludes 2018 Article IV Consultation with Kiribati »

Source: Kiribati : 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Volume/Issue: 2019/26

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396131

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has...

IMF Executive Board Concludes 2018 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region »

Source: People's Republic of China-Hong Kong Special Administrative Region : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/20

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484395707

Keywords: Asia and Pacific, Hong Kong Special Administrative Region of China

Hong Kong SAR's economy benefitted from a strong cyclical upswing through the first half of 2018, supported by the continued global recovery, buoyant domestic sentiment, and the booming property market. However, ne...

Kiribati: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Kiribati »

Source: Kiribati : 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Volume/Issue: 2019/26

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396131

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has...

Kiribati: Staff Report for the 2018 Article IV Consultation—Debt Sustainability Analysis »

Source: Kiribati : 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Volume/Issue: 2019/26

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396131

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has...

Kiribati: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Kiribati : 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Volume/Issue: 2019/26

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396131

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has...

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

Source: Morocco : 2018 Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2019/24

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396001

Following the expiration of the third Precautionary and Liquidity Line (PLL) arrangement, in July 2018, the authorities have requested a new PLL arrangement. They did not draw on the last three arrangements and hav...

People’s Republic of China—Hong Kong Special Administrative Region: 2018 Article IV Consultation—Press Release and Staff Report »

Source: People's Republic of China-Hong Kong Special Administrative Region : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/20

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484395707

Keywords: Asia and Pacific, Hong Kong Special Administrative Region of China

Hong Kong SAR's economy benefitted from a strong cyclical upswing through the first half of 2018, supported by the continued global recovery, buoyant domestic sentiment, and the booming property market. However, ne...

People’s Republic Of China–– Hong Kong Special Administrative Region: Staff Report for the 2018 Article IV Consultation Discussions—Informational Annex »

Source: People's Republic of China-Hong Kong Special Administrative Region : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/20

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484395707

Keywords: Asia and Pacific, Hong Kong Special Administrative Region of China

Hong Kong SAR's economy benefitted from a strong cyclical upswing through the first half of 2018, supported by the continued global recovery, buoyant domestic sentiment, and the booming property market. However, ne...

Statement by Mr. Mohamed-Lemine Raghani, Executive Director for Chad and Mr. Madjiyam Herve Bangrim Kibassim, Advisor to the Executive Director on Chad »

Source: Chad : Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of Performance Criterion and Financing Assurances Review-Press Release; Staff Report and Statement by the Executive Director for Chad

Volume/Issue: 2019/25

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396087

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The c...

Statement by Mr. Mohammed Daïri, Alternative Executive Director on Morocco »

Source: Morocco : 2018 Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Volume/Issue: 2019/24

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396001

Following the expiration of the third Precautionary and Liquidity Line (PLL) arrangement, in July 2018, the authorities have requested a new PLL arrangement. They did not draw on the last three arrangements and hav...

Statement by Mr. Nigel Ray, Executive Director of Kiribati, and Ms. Anna Park, Advisor to the Executive Director of Kiribati »

Source: Kiribati : 2018 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Kiribati

Volume/Issue: 2019/26

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484396131

Growth has been strong in recent years and some moderation is expected, with risks skewed to the downside. High fishing revenues improved the fiscal position, but generated pressure to increase spending. There has...

Ukraine »

Source: Ukraine : Technical Assistance Report-Report on Residential Property Price Index Capacity Development Mission

Volume/Issue: 2019/13

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2019

ISBN: 9781484394137

Keywords: Europe, Ukraine

A technical assistance (TA) mission was conducted during June 18-22, 2018 to support the State Statistics Service of Ukraine (SSSU) in improving the residential property price indexes (RPPI) for Ukraine. This was t...

Fiscal Policy and Development »

Source: Fiscal Policy and Development : Human, Social, and Physical Investments for the SDGs

Volume/Issue: 2019/3

Series: Staff Discussion Notes

Author(s): Vitor Gaspar , David Amaglobeli , Mercedes Garcia-Escribano , Delphine Prady , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2019

ISBN: 9781484388914

Keywords: Sustainable development, Foreign aid, Sustainable Development Goals (SDG), Development, Fiscal policy, Sustainable Development Goals; Fiscal Policy, Sustainable Development Goals, Structure and Scope of Government, General, International Fiscal Issues

The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a baseline of curren...

Burkina Faso: 2018 Article IV Consultation, First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion—Press Release; Staff Report; and Statement by the Executive Director for Burkina FASO »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

Burkina Faso: Staff Report for the 2018 Article IV Consultation, First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion—Debt Sustainability Analysis »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

Burkina Faso: Staff Report for the 2018 Article IV Consultation, First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion—Informational Annex »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

Financial Dollarization of Households and Firms: Does It Differ? »

Source: Financial Dollarization of Households and Firms: Does It Differ?

Volume/Issue: 2019/19

Series: IMF Working Papers

Author(s): Juan Corrales , and Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484393192

Keywords: Dollarization, Foreign exchange, Household, Firm, Financial deepening, Monetary Policy (Targets, Instruments, and Effects), General, International Monetary Arrangements and Institutions

Using a newly complied and extended database from International Financial Statistics, and applying different panel-regression techniques, this paper documents the evolution of households' and firms' dollarization o...

Gabon: Third Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modification of Performance Criterion »

Source: Gabon : Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Volume/Issue: 2019/17

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394397

Keywords: Sub-Saharan Africa, Gabon

Political risks appear to have subsided with the completion of legislative and local elections in October. The economy is slowly recovering, fiscal consolidation has continued, inflation has remained low, and the t...

IMF Executive Board Completes First Review Under the Extended Credit Facility and Approves US$25.1 Million Disbursement for Burkina Faso »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

IMF Executive Board Completes the Third Review of Gabon’s Extended Arrangement and Approves US$99 Million Disbursement »

Source: Gabon : Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Volume/Issue: 2019/17

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394397

Keywords: Sub-Saharan Africa, Gabon

Political risks appear to have subsided with the completion of legislative and local elections in October. The economy is slowly recovering, fiscal consolidation has continued, inflation has remained low, and the t...

IMF Executive Board Concludes 2018 Article IV Consultation with Burkina Faso »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

Inequality in Good and Bad Times: A Cross-Country Approach »

Source: Inequality in Good and Bad Times: A Cross-Country Approach

Volume/Issue: 2019/20

Series: IMF Working Papers

Author(s): Burcu Hacibedel , Pierre Mandon , Priscilla Muthoora , and Nathalie Pouokam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484392911

Keywords: Developing countries, Inequality, Growth, Mediation analysis, Equity, Justice, and Other Normative Criteria and Measurement, General

This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in developing economies. We find that reductions in inequality during growth upswings are largely rever...

Statement by Mr. Mohamed-Lemine Raghani, Executive Director for the Gabon and Mr. Thierry Nguema-Affane, Senior Advisor to the Executive Director »

Source: Gabon : Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Volume/Issue: 2019/17

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394397

Keywords: Sub-Saharan Africa, Gabon

Political risks appear to have subsided with the completion of legislative and local elections in October. The economy is slowly recovering, fiscal consolidation has continued, inflation has remained low, and the t...

Statement by Mr. Raghani, Executive Director for Burkina Faso, and Mr. Nguema-Affane, Senior Advisor to the Executive Director »

Source: Burkina Faso : 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Volume/Issue: 2019/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484394236

Keywords: Burkina Faso, Sub-Saharan Africa

Burkina Faso faces large social and physical infrastructure gaps, a deteriorating security situation, and unease among the rapidly-expanding population about economic prospects. Growth has been robust, averaging mo...

Work In Progress »

Source: Work In Progress : Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies

Volume/Issue: 2019/2

Series: Staff Discussion Notes

Author(s): JaeBin Ahn , Zidong An , John Bluedorn , Gabriele Ciminelli , Zsoka Koczan , Davide Malacrino , Daniela Muhaj , and Patricia Neidlinger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2019

ISBN: 9781484393901

Keywords: Labor market reforms, Labor markets, Fiscal reforms, Product markets, Population, Emerging markets, Developing countries, Youth labor markets; emerging market and developing economies; Okun's law; labor and product market institutions; structural reforms, youth labor markets, emerging market and developing economies

Economic development and growth depend on a country's young people. With most of their working life ahead of them they make up about a third of the working-age population in the typical emerging market and developi...

Global Value Chains: What are the Benefits and Why Do Countries Participate? »

Source: Global Value Chains: What are the Benefits and Why Do Countries Participate?

Volume/Issue: 2019/18

Series: IMF Working Papers

Author(s): Faezeh Raei , Anna Ignatenko , and Borislava Mircheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2019

ISBN: 9781484392928

Keywords: Economic integration, Trade, global value chains, gains from trade, Country and Industry Studies of Trade

Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs thr...

Innovation and Corporate Cash Holdings in the Era of Globalization »

Source: Innovation and Corporate Cash Holdings in the Era of Globalization

Volume/Issue: 2019/17

Series: IMF Working Papers

Author(s): Konrad Adler , JaeBin Ahn , and Mai Chi Dao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2019

ISBN: 9781484392164

Keywords: International trade, cash holdings, R&;D, R&;amp;#x0026;D, Models of Trade with Imperfect Competition and Scale Economies

We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R&D activities. Our co...

China's Digital Economy: Opportunities and Risks »

Source: China's Digital Economy: Opportunities and Risks

Volume/Issue: 2019/16

Series: IMF Working Papers

Author(s): Longmei Zhang , and Sally Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 January 2019

ISBN: 9781484389706

Keywords: Asia and Pacific, Digital economy; Fintech; Productivity; Employment; Financial stability, Digital economy, Fintech, Productivity, Employment, Financial stability, Government Policy and Regulation, Macroeconomic Analyses of Economic Development, General

China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in...

Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan »

Source: Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan

Volume/Issue: 2019/15

Series: IMF Working Papers

Author(s): Sriram Balasubramanian , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 January 2019

ISBN: 9781484389713

Keywords: Asia and Pacific, Bhutan, Gross domestic product, real income, gross national happiness, Equity, Justice, Inequality, and Other Normative Criteria and Measurement, General

This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the Kingdom of Bhutan, and the relationship between measured well-being and macroeconomic indicators....

IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Belarus »

Source: Republic of Belarus : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus

Volume/Issue: 2019/9

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 January 2019

ISBN: 9781484389003

Keywords: Europe, Belarus

The Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to re...