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Middle East and Central Asia > Yemen, Republic of

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Cover Policy Papers
Arab Countries in Transition - Economic Outlook and Key Challenges
International Monetary Fund
In spite of deepening and spreading conflicts in the region, as well as, in many cases, a challenging internal socio-political environment, the Arab Countries in Transition (Egypt, Jordan, Libya, Morocco, Tunisia and Yemen) have broadly maintained macroeconomic stability. At the same time, however, their economies are not delivering the growth rates needed for a meaningful reduction in unemployment, in particular for the youth and women. Notwithstanding diversity of conditions, countries should quickly advance structural reforms to foster higher and more inclusive growth, and continue to strengthen fiscal and external buffers to maintain stability amid heightened uncertainty. Coordinated support from the international community will be crucial in the form of financing, improved trade access, and capacity building assistance.
Keywords:
PP; current account; monetary policy; excl. grant; exchange rate; economic activity; labor market; private sector; government balance; Current account deficits; Government debt management; Budget planning and preparation; Middle East; Global
Cover Policy Papers
Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
International Monetary Fund
In an environment of heightened socio-economic tensions, regional insecurity, and strained public finances, the Arab Countries in Transition (ACTs) 1 face the difficult task of delivering on the expectations for jobs and growth. Despite patchy improvements in some countries, economic growth remains subdued, private investment is weak, and external and fiscal buffers are running low. Fostering social cohesion and avoiding a downward spiral of economic and political malaise calls for urgent implementation of economic reforms and coordinated support from the international community.
Keywords:
PP; excl. grant; exchange rate; job creation; monetary policy; foreign exchange; General government balance; financial support; government balance; reform program; grant financing; financing needs; transition countries' financing gap; credit growth; Current account deficits; Government debt management; Inflation; Budget planning and preparation; Global; Middle East; Deauville partnership ministerial meeting; countries in transition; title page; key challenge; North Africa; East Africa
Cover IMF Staff Country Reports
Djibouti: Selected Issues
International Monetary Fund
The most important challenge faced by the Djibouti authorities is to achieve high rates of economic growth in order to create employment opportunities for a rapidly increasing labor force and to alleviate rising poverty. In this paper, developments and the role of the financial system during the program period are reviewed. Then, the currency board arrangement (CBA) and its role in macroeconomic developments are discussed. The study also discusses the main financial sector reforms and explains why their impact has been limited.
Keywords:
ISCR; CR; government; Djibouti; banking system; wage; Djibouti banking regulation; economic growth; wage bill; private sector; central bank; banking law; debt ratio; Commercial banks; Fiscal consolidation; Sub-Saharan Africa; Africa; Southern Africa; East Africa; Europe
Cover Selected Decisions and Selected Documents of the International Monetary Fund
Selected Decisions and Selected Documents of the International Monetary Fund
International Monetary Fund

Abstract

This volume contains decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relating to current activities of the Fund.

Keywords:
SELD; selected document; decisions of the executive board; allocations of special drawing rights; No. 6-8; Japanese yen; Currencies; Multiple currency practices; Personal income; Reserve assets; Loans; Global; Africa; Central and Eastern Europe; Eastern Europe; United Nations General Assembly 377; capital transfer; Imports; Credit
Cover Selected Decisions, 20th Ed. 1995
Selected Decisions, 20th Ed. 1995
International Monetary Fund

Abstract

This paper analyses several IMF’s selected decisions of the Executive Board and selected documents. The Executive Board has reviewed the procedures relating to the IMF's surveillance over members' exchange rate policies. Whenever the Managing Director considers that important economic or financial developments are likely to affect a member's exchange rate policies or the behavior of the exchange rate of its currency, he shall initiate informally and confidentially a discussion with the member. A staff report will be circulated to the Executive Directors under cover of a note from the Secretary specifying a tentative date for Executive Board discussion which will be at least 15 days later than the date upon which the report is circulated. The bicyclic consultation procedure shall be terminated and each member currently on the bicyclic procedure shall be immediately placed on the standard 12-month cycle; the first consultation with each such member that is completed after the adoption of this decision shall be conducted in accordance with the procedures that apply to consultations under the standard 12-month cycle, and the deadline for completion that applied under the bicyclic procedure shall continue to apply to such consultation.

Keywords:
SELD; allocations of special drawing rights; capital transfer; decision No. 1238; SDR equivalent; Japanese yen; Currencies; Multiple currency practices; Personal income; Loans; Credit; Global; Africa; Central and Eastern Europe; Caribbean; Eastern Europe; West Africa; Reserve assets; Imports
Cover IMF Working Papers
Military Expenditure: International Comparison of Trends
Mr. Daniel P. Hewitt
This paper analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations. The coverage is military expenditures in 125 countries from 1972 to 1988. The study also compares military expenditures as a proportion of central government expenditures; analyzes the budgetary trade-off between military, social, and development expenditures; and discusses the impact of military expenditures on economic development.
Keywords:
WP; military expenditure; central government expenditure; country; central government; expenditure pattern; Adjusted SIPRI; development expenditure; allocations to the military; expenditure cutback; country ranking; Defense spending; Central government spending; Budget planning and preparation; Public employment; Middle East; North Africa; Sub-Saharan Africa; Eastern Europe; Caribbean