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Europe > Switzerland

You are looking at 1 - 7 of 7 items for :

  • Type: Journal Issue x
  • Economic and financial statistics x
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Cover IMF Staff Country Reports
Switzerland: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland
International Monetary Fund. European Dept.
Recovery was strong in 2021, but there are headwinds from the war in Ukraine. 2021 output was 1 percent higher than in 2019, but 2 percent below pre-Covid trends; unemployment is back to pre-crisis levels. Inflation has picked up (2.5 percent in April), but below other advanced economies. Strong exports/merchanting led to a higher current account surplus. Although the energy mix (nuclear, hydro) has limited exposure to Russia, exposures of commodity traders and indirect channels could be important. Growth is likely to slow to 2¼ percent in 2022 (¾ ppt. drag from the war). Risks are to the downside (war escalation, Covid developments, real estate). Covid outlays are lower in 2022, but still large (1.2 percent of GDP). Outlays related to Ukraine are likely to be accommodated as extraordinary. The Swiss National Bank is closely monitoring inflation, seeing it returning to the 0–2 percent range this year. The authorities reactivated the sectoral CCyB for residential real estate. They are pursuing pension and labor reforms, climate initiatives, energy security, and renewed EU engagement.
Keywords:
Policy rate hike; debt brake rule; FSI website; inflation pressure; IMF staff estimate; policy challenge; Inflation; COVID-19; Government finance statistics; Global
Cover Policy Papers
New Common Evaluation Framework for IMF Capacity Development
International Monetary Fund
new common evaluation framework for the Fund’s capacity development (CD) activities. The new common evaluation framework is intended to streamline current practices and increase comparability and use of results by adopting for all CD evaluations a common four-step process that includes use of the OECD Development Assistance Committee (DAC) evaluation criteria. Around this common approach, there is flexibility to adapt evaluations to reflect the wide range of CD activities. Key elements of the framework are grouped around the objectives of: producing shorter, more focused, and more comparable evaluations; improving the information supporting evaluations;spending the same level of resources on evaluations while allocating these scarce resources more efficiently; and using the information from evaluations to alter practices or shift the targeting of CD resources.
Keywords:
PP; evaluation framework; evaluation work plan; Fund training evaluation; a bit of TA evaluation; course test; self-assessment evaluation; DAC evaluation criteria; TA project; evaluation summary; evaluation resource; Data collection; Development strategy; Public expenditure review; External balance assessment (EBA); Early warning systems
Cover IMF Staff Country Reports
Côte d'Ivoire: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review; Press Release
International Monetary Fund
This paper presents key findings of the First Review for Côte d'Ivoire under the Extended Credit Facility. Program performance at end-2011 was broadly satisfactory. All quantitative performance criteria for end-2011 were met, but the implementation of structural reforms has been mixed. Although good progress has been made to strengthen public financial management, improve the business climate, and reform the cocoa-coffee sector, action on other benchmarks for the financial and energy sectors fell short of program targets. Prospects for 2012 are favorable, notwithstanding the weak external environment.
Keywords:
ISCR; CR; SDR; cocoa sector; financing needs; upside risk; debt management; agriculture sector support Project; Arrears; Government debt management; Government finance statistics; West Africa; Global
Cover IMF Working Papers
Measuring Fiscal Decentralization: Exploring the IMF’s Databases
International Monetary Fund
Conventional wisdom postulates that there are benefits from decentralizing government finances but there is little empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries over a period of about 20 years (1990-2008) from the IMF’s Government Finance Statistics Yearbook (GFSY), the only global database with fiscal data for several levels of government. The data show that in many countries, revenue collection remains relatively more centralized than expenditures and that employment tends to be concentrated in lower levels of government. Except for transition economies, the levels of decentralization are relatively stable over the time period. The findings are shown by degree of economic development, constitutional power arrangements, and geographic area, broadly confirming key factors identified in the literature as determining the extent of fiscal decentralization.
Keywords:
WP; government level; country; government; central government; Fiscal federalism; fiscal centralization; government finance statistics; government finance statistic; intra government grant; tax effort; General government; indicated number country; country case studies; standard deviation; decentralized country; country example; a number of country; public goods; Employee contributions; Africa
Cover IMF Staff Country Reports
Former Yugoslav Republic of Macedonia: Report on the Observance of Standards and Codes (ROSC)—Data Module
International Monetary Fund
This Report on the Observance of Standards and Codes on Data Module on the Former Yugoslav Republic of Macedonia reviews assessment by agency and dataset. The mission has a set of recommendations for Macedonia’s statistical practices, on discussions with the data-producing agencies and on responses from data users. They are designed to increase further FYR Macedonia’s adherence to internationally accepted statistical practices and would, in the mission’s view, enhance the analytical usefulness of FYR Macedonia’s statistics.
Keywords:
ISCR; CR; balance of payments; SSO; NBRM comment; NBRM release policy; NBRM classification; dissemination policy; NBRM website; Government finance statistics; Monetary statistics; Balance of payments statistics; Consumer price indexes; Europe
Cover Report on the World Current Account Discrepancy
Report on the World Current Account Discrepancy
International Monetary Fund

Abstract

The IMF, in cooperation with other concerned organizations, set up a working party to investigate and improve the statistical procedures being used, and to recommend compilation procedures that would make nations' balance of payments statistics more consistent with one another. In addition to detailed explanations of its findings and recommendations, the Report contains extensive statistical appendices and 109 tables.

Keywords:
BOOK; debit; balance of payments account; current account; investment; transaction; investment income; income flow; balance of payments compiler; account discrepancy; fund staff; Personal income; Balance of payments statistics; Credit; Foreign direct investment; Income; Middle East; Global; Eastern Europe; Africa
Cover Finance & Development
Finance & Development, June 1975
International Monetary Fund. External Relations Dept.
This paper reviews the procurement process under World Bank projects. The paper highlights that the World Bank’s interest in procurement under its loans stems directly from the “project” requirement of its Articles, which stipulates that it should lend for specific projects, except in special circumstances, and that it should ensure that the proceeds of the loan are used only for its specified purpose, with due attention to economy and efficiency. In 1951, the World Bank began introducing international competitive bidding as the normal procedure for procurement of the goods and works needed for its projects.
Keywords:
FD; F&D; government; country; lending; SDR; Bank; developed country; World Bank atlas; government finance statistics; producing country; EEC monetary union; Exports; Oil; Export subsidies; Imports; Government finance statistics; Middle East; Global; Europe; Africa; West Africa