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Asia and Pacific > Thailand

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Cover Policy Papers
Streamlining Procedures for Board Consideration of The Fund’s Emergency Financing During Exceptional Circumstances Involving A Pandemic
International Monetary Fund
The COVID-19 pandemic has inflicted an unprecedented shock on the global economy and created an enormous demand for Fund resources. To accelerate processing and approval of members’ requests in such circumstances, the paper proposes measures to expedite Board consideration and approval of requests for purchases and/or disbursements under the Rapid Financing Instrument and/or the Rapid Credit Facility, respectively, completion of reviews and requests for changes in access in existing arrangements, and requests for assistance under the Catastrophe Containment and Relief Trust (CCRT), by shortening the circulation period for Board documents. The paper also proposes extending the use of the shortened circulation period to selected Article IV consultations necessary for use of Fund resources during a global pandemic. Management will also streamline internal procedures to accelerate program processing and reduce the burden on the Fund’s administrative capacity, and will seek the support of creditors to expedite the processing of financial transactions under COVID-19 emergency financing.
Keywords:
PP; pandemic; financing; emergency procedure; pandemic emergency procedures; RFI financing request; financing request; RFI request; emergency financing request; fund assistance; Emergency assistance; COVID-19; Lines of credit; Global
Cover IMF Staff Country Reports
Cambodia: Selected Issues
International Monetary Fund
This Selected Issues paper for Cambodia explores the implications for long-term sustainable growth from cross-country analysis of the sources of growth. Cambodia’s low labor productivity, inadequate and expensive infrastructure, and a cumbersome regulatory environment do not bode well for future sustainable growth. Favorable external conditions, including foreign aid flows and trade agreements, have helped propel growth. As with other transition economies, Cambodia lags in institutional and market development. Cambodia has also benefited from large aid inflows, which have boosted economic activity.
Keywords:
ISCR; CR; bottom; Cambodia; foreign direct investment; FDI approval; FDI inflow; flows in Cambodia; CDC investment approval data; inequality poverty decomposition; Gasoline; Aid flows; Exports; Legal support in revenue administration; Oil; Asia and Pacific; Global; South America; Middle East; Western Hemisphere; Sub-Saharan Africa
Cover Policy Papers
International Economic Policy Review, Volume 1
Mr. Paul R Masson
,
Mr. Timothy D. Lane
, and
Ms. Padma Gotur
This series aims to make available to the general public and to economic policy practitioners, a selection of policy papers prepared by the staff of the International Monetary Fund. Papers in the International Economic Policy Review will offer specific policy-relevant analysis, but at a relatively non-technical level. These papers are intended to provide analytical background for IMF-supported programs and more generally to shed light on a range of policy choices facing ministries and central banks.
Keywords:
MISC PUBS; Misc.; surplus; exchange rate; inflation rate; recapitalization
Cover Finance & Development
Finance & Development, December 1970
International Monetary Fund. External Relations Dept.
This paper describes problems and prospects associated with urbanization. The paper sees the rapid urbanization in the less developed world not as a crisis that can be “dealt with” by urgent measures but as a major historical phenomenon that calls for analytical study as well as current action in the hope that it can be influenced to play a positive role in economic development. The paper also analyzes the exchange rates at the beginning of the 1970s.
Keywords:
FD; F&D; rate; opening address; country; boards of governors of the International Monetary Fund; contributions to the effort; Annual Meetings of the boards of governors; fund STAND-BY ARRANGEMENTS; project preparation; General account holding; Exchange rates; Currencies; Currency markets; Development assistance; Africa; Europe; North America; East Africa; Western Europe; Northern Europe