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Business and Economics > Insurance

You are looking at 1 - 10 of 33 items for :

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Cover Technical Assistance Reports
Principality of Andorra: Technical Assistance Report-Report on External Sector Statistics Mission (September 4–15, 2023)
International Monetary Fund. Statistics Dept.
A technical assistance (TA) mission on external sector statistics (ESS) was conducted for the Andorran Statistics Department (ASD) in the Principality of Andorra in September 2023. The mission focused on preparing plans to improve the frequency of producing balance of payments statistics and international investment position (IIP) from annual to quarterly and to enhance the coverage and quality of the balance of payments and IIP data. The mission assisted the ASD in establishing the framework of the quarterly enterprise survey, which will be used as one of the main source data for compiling balance of payments statistics and IIP quarterly.
Keywords:
Principality of Andorra; balance of payments; international investment position.; IMF's Statistics Department; enterprise survey; IIP quarterly; IMF executive directors; ad IIP; International investment position; Balance of payments statistics; Income; Insurance
Cover IMF Working Papers
Intergenerational Transmission of Education in a Developing Country: Evidence from A Mass Education Program in Vietnam
Trung Hoang
and
Ha Nguyen
We study the long-run and multi-generational effects of a mass education program in Vietnam during the First Indochina War (1946-1954). Difference-in-difference estimations indicate that the children of mothers exposed to the education program had an average of 0.9 more years of education. We argue that the impact is via mother’s education. An additional year of maternal education increases children’s education by up to 0.65 years, a stronger effect than those found in the existing literature. Better household lifestyles and a stronger focus on education are possible transmission pathways.
Keywords:
mass education; human capital transmission; mother education; Vietnam; education program; ha Nguyen; household lifestyle; intergenerational transmission; Labor markets; Income; Women; Insurance; Global
Cover IMF Staff Country Reports
Grenada: Disaster Resilience Strategy
International Monetary Fund. Western Hemisphere Dept.
Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building, with its Climate Change Policy and National Adaptation Plan providing detailed roadmaps for policymakers. However, the challenges are increasing, including from slow-moving effects owing to the rising sea level, even as implementation capacity and resource constraints remain significant impediments. The COVID-19 pandemic has amplified those challenges by increasing risks and tightening Grenada’s fiscal space.
Keywords:
DRS Fiscal; post DISASTER; DRS between the IMF; DRS coverage; DRS direct costs; debt sustainability implication; Natural disasters; Climate change; Infrastructure; Insurance; Caribbean
Cover IMF Staff Country Reports
Dominica: Disaster Resilience Strategy
International Monetary Fund. Western Hemisphere Dept.
Dominica is among the countries most vulnerable to natural disasters and climate change. During 1997-2017, it was the country with highest GDP losses to climate-related natural disasters and ranked in the top 10 percent among 182 countries for climate-related fatalities. Following a huge devastation, owing to back-to-back major storms in 2015 and 2017, Dominica announced its intention to become the first disaster resilient nation. In 2019, it was agreed with the government that the Fund, in consultation and collaboration with other development partners, would provide support for preparing a Disaster Resilience Strategy (DRS), a comprehensive plan including policies, cost, and financing to build resilience against natural disasters.
Keywords:
DRS policy; D. DRS Cost; Dominica economy; financing gap; draft DRS; Natural disasters; Climate change; Infrastructure; Insurance; Caribbean; Global
Cover Consumer Price Index Manual, 2020
Consumer Price Index Manual, 2020
Concepts and Methods
Brian Graf

Abstract

The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.

Keywords:
cconsumer price index; CPI; CPI Manual; CPI concepts; CPI methods; CPI practice; CPI best practice; CPI international recommendations; CPI weights; CPI data; CPI compilation; CPI calculation; index formulas; scanner data; web scraping; CPI outlets; CPI publication; CPI dissemination; CPI sampling; CPI items; CPI varieties; CPI missing prices; CPI quality adjustment; CPI linking; CPI and SNA; CPI overview; CPI data collection; CPI uses; CPI definitions; M&G; reference period; price change; price collector; price collection; CPI compiler; Consumer price indexes; Price indexes; Consumption; Export fluctuations; Global; Europe; North America
Cover IMF Working Papers
The Impact of Community Based Health Insurance Schemes on Out-of-Pocket Healthcare Spending: Evidence from Rwanda
Andinet Woldemichael
,
Daniel Gurara
, and
Abebe Shimeles
Achieving universal health coverage, including financial risk protection and access to quality essential health-care services, is one of the main Sustainable Development Goals. In low-income countries, innovative and affordable health financing systems are key to realize these goals. This paper assesses the impacts of Community-Based Health Insurance Scheme in Rwanda on health-related financial risks using a nationally representative household survey data collected over a ten-year period. We find that the scheme significantly reduce annual per capita out-of-pocket spending by about 3,600 Rwandan Franc (about US$12) or about 83 percent of average per capita healthcare expenditure compared to the baseline level in 2000.The impacts however favor the rich as compared to the poor. The program also reduces the incidence of catastrophic healthcare spending significantly.
Keywords:
WP; normal distribution; sensitivity analysis; Healthcare spending; health insurance; low-income; Rwanda; CBHI scheme; CBHI enrollment; CBHI member household; CBHI effect; CBHI membership rate; Insurance; Income; Consumption; Africa
Cover IMF Working Papers
The Stabilizing Role of Net Foreign Asset Returns
Gustavo Adler
and
Mr. Daniel Garcia-Macia
With the rapid growth of countries' foreign asset and liability positions over the last two decades, financial returns on those positions ('NFA returns') have become material drivers of current accounts and net stock positions. This paper documents the relative importance of NFA return versus trade channels in driving NFA dynamics, for a sample of 52 economies over 1990-2015. While persistent trade imbalances have been a strong force leading to diverging NFA positions, NFA returns have played an important stabilizing role, mitigating NFA divergence. The stabilizing role of NFA returns primarily reflects the response of asset prices, rather than yield differentials or exchange rates. There is also evidence of heterogeneity in the speed of NFA adjustment, with emerging market economies adjusting more rapidly than advanced economies, and reserve-currency countries adjusting more slowly than others. The paper also documents the role of NFA returns as insurance against domestic and global income shocks, with a focus on reserve-currency countries.
Keywords:
WP; NFA return; net foreign assets; international investment position; valuation changes; return differential; NFA position; valuation change; NFA dynamics; Asset prices; Trade balance; Insurance; Income shocks; Exchange rates; Global
Cover IMF Staff Country Reports
Bhutan: Technical Assistance Report-SARTTAC Report on National Accounts Statistics Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance Report discusses the findings and recommendations made the IMF mission to assist the Bhutanese authorities in improving estimates of annual GDP, and in developing methods for compiling quarterly GDP estimates. The mission found that the National Statistics Bureau (NSB) is engaged in a range of projects to improve Bhutan’s national accounts statistics. Updated annual GDP statistics signal an improvement in data quality, which should enhance policymakers’ ability to formulate and operationalize evidence-based decisions. Significant improvements to Bhutan’s national accounts statistics can be achieved using a three-step process. The NSB should also keep in mind the need to incorporate methodological and conceptual/definitional revisions during the benchmarking and rebasing process.
Keywords:
ISCR; CR; statistics; GDP; GDP statistics; activities date; TA mission; improvement program; price statistics; Data collection; Insurance companies; Insurance; Asia and Pacific; South Asia
Cover Balance of Payments Manual, Sixth Edition Compilation Guide
Balance of Payments Manual, Sixth Edition Compilation Guide
Mr. Eduardo Valdivia-Velarde
and
Ms. Tamara Razin

Abstract

The Balance of Payments and International Investment Position Manual 6: Compilation Guide is a companion document to the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The purpose of the Guide is to show how the conceptual framework described in the BPM6 may be implemented in practice and to provide practical advice on source data and methodologies for compiling statistics on the balance of payments and the international investment position. The Guide is not intended to be a stand-alone manual, and readers should be familiar with the BPM6.

Keywords:
M&G; economy; transaction; goods; enterprise survey; net acquisition; investment fund; balance of payments; financing transaction; incurrence of liability; Foreign direct investment; Income; Securities; Insurance; Currencies; Global; Africa; net incurrence; acquisition of financial assets; Financial account
Cover IMF Working Papers
With Great Power Comes Great Responsibility: Macroprudential Tools at Work in Canada
Mr. Ivo Krznar
and
Mr. James Morsink
The goal of this paper is to assess the effectiveness of the policy measures taken by Canadian authorities to address the housing boom. We find that the the last three rounds of macroprudential policies implemented since 2010 were associated with lower mortgage credit growth and house price growth. The international experience suggests that—in addition to tighter loan-to-value limits and shorter amortization periods—lower caps on the debt-to-income ratio and higher risk weights could be effective if the housing boom were to reignite. Over the medium term, the authorities could consider structural measures to further improve the soundness of housing finance.
Keywords:
WP; mortgage; LTV; loan; LTV ratio; housing market; mortgage insurance; macroprudential regulation; risk weight; mortgage credit; housing loan; guarantee cover; Mortgages; Loans; Housing prices; Housing; Credit; Global