C Te D Ivoire Fifth Review Under The Three Year Arrangement Under The Extended Credit Facility And Requests For Modification Of Performance Criteria And Extension Of The Current Arrangement Staff Report And Press Release

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498335101
Size: 62.81 MB
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This paper discusses Côte d’Ivoire’s Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Requests for Modification of Performance Criteria (PC) and Extension of the Current Arrangement. Program performance has been strong. All end-December PCs and all but one indicative target were met. On the downside, fiscal discipline and structural reform momentum could be adversely affected during the run-up to the October 2015 presidential elections. The IMF staff supports the completion of the fifth review under the ECF and the authorities’ requests for the modifications of PCs and an extension of the current arrangement to end-December 2014.

Cote D Ivoire Seventh Review Under The Extended Credit Facility Arrangement And Request For Modification Of Performance Criteria Press Release And Staff Report

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1513547127
Size: 70.70 MB
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Côte d’Ivoire is preparing for presidential elections in October 2015 amid strong macroeconomic performance. All continuous and end-December quantitative performance criteria (PCs) and all but one indicative targets were met. All structural benchmarks were implemented, albeit with a minor delay regarding the restructuring of a public bank. However, some other important structural measures experienced significant delays.

Mali

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1462309240
Size: 12.28 MB
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The Growth and Poverty Reduction Strategy Paper III (GPRS-III) will provide a framework for the government’s economic, financial, and sectoral policies for the period 2012–17. All performance criteria (PC) and indicative targets through end-December were observed, except for the indicative target on priority spending, which was missed by a small margin. All measures subject to end-year structural benchmarks were observed except one, on which the authorities are making good progress. The authorities plan to continue implementing stability-oriented macroeconomic policies and growth-enhancing and poverty-reducing policies. The Millennium Development Goals (MDGs) were achieved.

Burkina Faso

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1475562721
Size: 35.96 MB
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This 2016 Article IV Consultation highlights a rebound in economic activity in Burkina Faso beginning in 2016, after two years of weak growth. The January terrorist attacks and delays in approving the budget weighed on activity in the early part of 2016, but activity has rebounded, and real GDP growth is now projected at 5.4 percent, an improvement over 4.0 percent in 2015. The recovery is led by two new gold mines that came onstream and a sharp projected rebound in agricultural output in late 2016 and early 2017, after three disappointing years. The recovery is expected to consolidate in 2017, and growth is projected to rise to 6.1 percent as domestic and external conditions remain supportive.

Preserving Financial Stability Epub

Author: Garry J. Schinasi
Publisher: International Monetary Fund
ISBN: 1452785678
Size: 41.55 MB
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Spurred by advances in information and computer technologies, financial liberalization and innovation took off inthe late 1970s. Although the changes in financial markets have been beneficial overall, our understanding of the new risks to financial stability lags behind, as demonstrated by the financial crises of the past couple of decades. The study of international financial stability - a public good - is still in its infancy. This pamphlet, aimed at stimulating further debate on the subject, proposes a definition of financial stability and a broad framework for safeguarding it without inhibiting its dynamic development or limiting its benefits.

Debt Relief And Beyond

Author: Carlos A. Primo Braga
Publisher: World Bank Publications
ISBN: 9780821378755
Size: 74.38 MB
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The history of debt relief goes back several decades. It reveals that a country s accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country s policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US$117 billion in nominal terms, or half of the 2007 GDP of these countries. 'Debt Relief and Beyond' assesses the implications of debt relief for low-income countries and how its benefits can be preserved and used to fight poverty. The chapter authors bring unique operational experience to their examination of debt relief, debt sustainability, and debt management. Several key questions are addressed, including, what consequences does debt relief have for poverty-reducing expenditures, growth, and access to finance? Can debt relief guarantee debt sustainability? How can debt management at all levels of government be improved? What lessons can be learned from countries that have experienced debt restructuring? Finally, this book provides sound empirical evidence using current econometric techniques.

Development Trade And The Wto

Author: Bernard M. Hoekman
Publisher: World Bank Publications
ISBN: 9780821349977
Size: 24.50 MB
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Publisher's description: Developing countries are increasingly confronted with the need to address trade policy related issues in international agreements, most prominently the World Trade Organization (WTO). New WTO negotiations on a broad range of subjects were launched in November 2001. Determining whether and how international trade agreements can support economic development is a major challenge. Stakeholders in developing countries must be informed on the issues and understand how their interests can be pursued through international cooperation. This handbook offers guidance on the design of trade policy reform, surveys key disciplines and the functioning of the World Trade Organization (WTO), and discusses numerous issues and options that confront developing countries in using international cooperation to improve domestic policy and obtain access to export markets. Many of the issues discussed are also relevant in the context of regional integration agreements. Separate sections of the handbook summarize what constitutes sound trade policy; the major aspects of the WTO from a development perspective; policy issues in the area of merchandise trade and the liberalization of international transactions in services; protection of intellectual property rights and economic development; new regulatory subjects that are emerging in the agenda of trade talks; and enhancing participation of developing countries in the global trading system.

Yes Africa Can

Author: Punam Chuhan-Pole
Publisher: World Bank Publications
ISBN: 0821387456
Size: 34.22 MB
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Takes an in-depth look at twenty-six economic and social development successes in Sub-Saharan African countries, and addresses how these countries have overcome major developmental challenges.