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International Monetary Fund. External Relations Dept.

How can the development community advance the use of ethical thinking in the cause of economic and social progress? Opening the Ethics and Development Day conference held at the Inter-American Development Bank (IDB) on January 16, Nobel Prize Laureate in Economics Amartya Sen proposed a more active, participatory role for citizens in applying ethics to further sustainable development.

International Monetary Fund. External Relations Dept.

/19: IMF Publishes Quarterly Emerging Market Financing Report, February 14 (see page 64) Public Information Notices (PINs) 01/09: Benin, February 12 01/10: Norway, February 5 01/11: IMF Reviews Experience with Financial Sector Assessment Program, February 5 01/12: Sierra Leone, February 12 Speeches IMF Deputy Managing Director Eduardo Aninat, “Developing Capital Markets in Latin America,” IDB Conference on Capital Market Development, February 5 Transcripts Press Briefing, Thomas Dawson, IMF External Relations Department Director, February 2

International Monetary Fund. Western Hemisphere Dept.

Fund as a trusted advisor . They underscore the importance of, and their appreciation for the technical assistance support provided through IMF headquarters and the regional technical assistance center – CARTAC. They welcome the Fund’s close engagement with the Caribbean region in general, appreciate initiatives such as the High Level Caribbean Forum and the dialogue on correspondent banking relationships, and look forward to the joint IMF/WB/IDB Conference on climate change scheduled for later this year. 1 Fiscal year starts in October of the previous

Mr. David William Harold Orsmond and Mr. Stanley Fischer

.2307/2534619 Leiderman , Leonardo ( 1993 ), Inflation and Disinflation: The Israeli Experiment ( University of Chicago : Chicago ). Leiderman , Leonardo and Gil Bufman ( 1992 ), “ Israel’s Stabilization: Some Important Policy Lessons ,” Paper presented to the NBER/IDB Conference on Stabilization, Economic Reform, and Growth ( Washington DC : December ) Leiderman , Leonardo and Rafi Meron ( 1988 ), “ New Estimates of the Demand for Money in Israel ,” Bank of Israel Economic Review , Vol 60 , January . Liviatan , Nissan and Nathan Sussman

International Monetary Fund. Monetary and Capital Markets Department

: The Pain, the Mystery, and the Road to Redemption,” paper presented at the IDB Conference on Currency and Maturity Matchmaking : Redeeming Debt from Original Sin November . Feldstein Martin 1999 , “ Self-Protection for Emerging Market Economies, ” NBER Working Paper No. 6907 Cambridge, Mass . National Bureau of Economic Research . Fischer Stanley 2001 , “ Exchange Rate Regimes: Is the Bipolar View Correct, ” Journal of Economic Perspectives , Vol. 15 Spring , pp. 3 – 24 . 10.1257/jep.15.2.3 Frankel Jeffrey Sergio

International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund

spells of growth and recession in 12 countries, including Brazil, during the period 1970–94. See A De Janvry and E. Sadoulet, Growth, Poverty, and Inequality in Latin America: A Causal Analysis, 1970–94 , IDB Conference on Social Protection and Poverty, Washington, D.C, January 4, 1999. 7 For the federal government alone, social outlays have increased from 10.5 percent of GDP in 1997 to 11.1 percent of GDP in 1998. For 1999, federal social outlays are expected to reach 12.0 percent of GDP. 8 These benefits are being phased out because responsibility for

International Monetary Fund. Western Hemisphere Dept.
This 2018 Article IV Consultation highlights that Trinidad and Tobago is slowly recovering from a deep recession. The economy continued to contract but at a slower pace, underpinned by the strong recovery in gas production, while weak activity in construction, financial services, and trade, continued foreign exchange shortages, and slow pace of public investment dampened non-energy sector growth. Positive growth should return from 2018 as the recovery takes hold in both sectors. Good progress has been made in fiscal consolidation through spending cuts, but public debt continued to rise, approaching the government’s soft target of 65 percent of GDP. Economic prospects are expected to improve over the medium term, but remain heavily dependent on the energy sector.
International Monetary Fund
This Selected Issues paper and Statistical Appendix on Brazil looks at price developments following the floating of the Real in mid-January 1999. The paper highlights that the experiences in East Asia—Indonesia, Korea, Malaysia, Philippines, and Thailand—all show that the pass-through from devaluation to inflation has been lower than expected, with the exception of Indonesia. The paper analyzes the competitiveness and export performance of Brazil. Effects of high interest rates and currency depreciation on Brazilian enterprises are also analyzed.