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Europe > Ukraine

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Cover IMF Staff Country Reports
Sierra Leone: Poverty Reduction and Growth Strategy
International Monetary Fund. African Dept.
This paper highlights Sierra Leone’s Poverty Reduction and Growth Strategy. The Government of Sierra Leone (GoSL) has launched a new Medium-Term National Development Plan (MTNDP). Crucial lessons have been learned in the implementation of the previous plan 2019-2023 that are important for the current acceleration and transformative plan to deliver a resilient and robust economy for Sierra Leone by 2030. Accordingly, five national goals for 2030 have been identified to accelerate efforts toward achieving the country’s vision of becoming an inclusive and green middle-income country by 2039. One of the goals is to create 500,000 jobs for the youth (with at least a 30% representation of women), including skilled and unskilled, long term, as well as seasonal jobs across all sectors by 2030 (directly related to Big 5.3). While the agriculture industry experienced modest growth, its reliance on the domestic market has impeded the ability to expand agricultural exports.
Keywords:
government ministry; Medium-Term National Development Plan; government of Sierra Leone; Sierra Leone economy; Development secretary Mr. Peter Sam-Kpakra; Public sector; Global; Africa; West Africa; Sub-Saharan Africa
Cover IMF Staff Country Reports
Cote d'Ivoire: Poverty Reduction and Growth Strategy
International Monetary Fund. African Dept.
This paper presents Côte d'Ivoire’s poverty reduction and growth strategy. The macroeconomic framework has been sound, with low inflation, a sustainable public sector, a robust banking system and a balanced external position. Poverty in Côte d'Ivoire has been steadily decreasing since 2016, continuing the trend observed since early 2011. Access to electricity has improved throughout the national territory. Actions have been undertaken to enhance the economy’s productivity through the strengthening of infrastructure and governance. In particular, Côte d’Ivoire is committed to advancing equality between men and women in all areas of public and private life, in order to empower women economically, socially, and politically and achieve a more egalitarian society. The government has undertaken to step up actions in favor of girls' education, increase access rates.
Keywords:
Ivorian government; government plan; Ivorian authority; government's Social Program; medium-term development strategy; social action; Climate change; Global; Sub-Saharan Africa; Africa
Cover IMF Staff Country Reports
Republic of Moldova: Poverty Reduction Strategy and Growth Strategy
International Monetary Fund. European Dept.
This paper presents the Republic of Moldova’s Poverty Reduction and Growth Strategy. Taking into account the general low level of income and the high incidence of poverty, many citizens of the Republic of Moldova look at cultural opportunities and personal development according to the residual principle. The resources allocated by households to crop-related activities are very small. Cultural infrastructure is in an advanced state of physical degradation, which poses a real problem of accessibility of cultural products. The general and specific development goals which the SND suggests for the perspective of 2030 reflect the aspirations of increasing the welfare of the people of the Republic of Moldova, improving the lives of citizens, Europeanization of state institutions, strengthening democracy, the rule of law, respect for human rights, as well as bringing the Republic of Moldova closer to European standards and values, which will ensure the process of accession of our country to the European Union. In the medium to long term, sustainable income growth can be achieved by increasing the competitiveness of firms, raising labor productivity and integrating marginalized people and groups into the processes of economic value creation.
Keywords:
growth strategy; development partner; copyright page; publication service; justice system; Aging; Global; Central and Eastern Europe; Eastern Europe
Cover IMF Staff Country Reports
France: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
International Monetary Fund. European Dept.
The 2022 Article IV Consultation discusses that France saw a robust recovery from the coronavirus disease 2019 shock but is now facing the repercussions of Russia’s war in Ukraine. The large fiscal response to the energy price shock has cushioned the economic impact but has been costly, poorly targeted, and distortionary. IMF estimates growth at 2.6 percent in 2022 and 0.7 percent in 2023, with inflation averaging 5.9 and 5 percent, respectively. Near-term risks to the outlook are tilted to the downside, dominated by possible further impacts of Russia’s war against Ukraine. Under current policies, the fiscal deficit is expected to narrow as support is phased out and the economy recovers but will remain elevated at 4 percent of gross domestic product in the medium term. Labor-market policies should ensure smooth transition of apprentices into permanent work while addressing skills shortages and inferior educational outcomes. Continuing structural reforms, particularly in pensions, unemployment, and product and services markets will be essential for future fiscal health as well as better competitiveness and growth. The energy crisis presents an opportunity to accelerate the green transition through energy conservation and a faster switch to renewable energy.
Keywords:
HICP inflation; better-than-expected state revenue performance; service price; pension reform plan; government's proposal; Energy prices; Inflation; Price controls; Financial Sector Assessment Program; Global; Europe
Cover Finance & Development
Finance & Development, March 2018
International Monetary Fund. Communications Department
Finance & Development, March 2018
Keywords:
FD; F&D; debt; government; debt landscape; crisis; growth-enhancing infrastructure investment
Cover Finance & Development
Finance & Development, March 2018
International Monetary Fund. Communications Department
Finance & Development, March 2018
Keywords:
FD; F&D; debt; government; debt landscape; crisis; growth-enhancing infrastructure investment
Cover Finance & Development
Finance & Development, March 2018
International Monetary Fund. Communications Department
Finance & Development, March 2018
Keywords:
FD; F&D; debt; government; debt landscape; crisis; growth-enhancing infrastructure investment
Cover Finance & Development
Finance & Development, March 2018
International Monetary Fund. Communications Department
Finance & Development, March 2018
Keywords:
FD; F&D; debt; government; debt landscape; crisis; growth-enhancing infrastructure investment
Cover Finance & Development
Finance & Development, March 2018
International Monetary Fund. Communications Department
This issue focuses on recent experiences that holds lessons for when to tackle debt and when not to. Growth is picking up, and the IMF has been ratcheting up its forecasts. Government coffers are filling and, with more people at work, demand for public social support is receding. Research shows that the stimulatory effect of fiscal expansion is weak when the economy is close to capacity. Low-income economies may be at greatest risk. Traditionally, they borrowed from official creditors at below-market rates. Higher global rates could divert precious budget resources to debt servicing from crucial infrastructure projects and social services. Raising budget balances toward their medium-term targets can be achieved at little cost to economic activity. Growth-enhancing infrastructure investments and crucial social services such as health and education should be maintained. Well-designed fiscal policy can address inequality and stimulate growth.
Keywords:
FD; F&D; debt; government; debt landscape; crisis; growth-enhancing infrastructure investment; math problem; service debt; sixth-grade student; professor sir Angus Deaton; Currencies; Global; Caribbean; Sub-Saharan Africa; Europe; Africa
Cover IMF Staff Country Reports
Republic of Moldova: Poverty Reduction Strategy Paper-Progress Report
International Monetary Fund
The progress made by Moldova toward achieving the Millennium Development Goals (MDGs) has not been uniform since 2007. Domestic economic and political crises are likely to undermine the achievement of several MDG targets set for 2010 and 2015. The goals were to reduce extreme poverty and hunger, achieve universal access to general secondary education, promote gender equality and empower woman, and so on. After growing dramatically in 1998–1999, poverty in Moldova began to decline in 2000. Addressing the environmental challenges and risks is imperative for Moldova.
Keywords:
ISCR; CR; feasibility study; judicial system; legal aid; agricultural land; economic value; management system; vocational education; Exports; Infrastructure; Global