Liberia Third Review Under The Extended Credit Facility Arrangement And Request For Waiver Of Nonobservance Of Performance Criterion And Modification Of Performance Criteria Staff Report And Press Release

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498397875
Size: 12.63 MB
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This paper focuses on Liberia’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC) and Modification of Performance Criteria. Real GDP grew at 8.7 percent in 2013 and is projected to decline to 5.9 percent in 2014 as mining production decelerates. Most end-December 2013 PCs and indicative targets (ITs) were met, except for the PC on government revenue and the IT on external borrowing. Four out of five structural benchmarks were met on time. The IMF staff supports the completion of the third ECF review.

Liberia Second Review Under The Extended Credit Facility Arrangement And Request For Waiver Of Nonobservance Of Performance Criteria And Modification Of A Performance Criteria

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 148431185X
Size: 10.51 MB
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This paper discusses Liberia’s Second Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criterion. Program performance has weakened relative to the previous review, as well as the former ECF-supported arrangement. Three out of six performance criteria and two out of four indicative targets were missed. The IMF staff supports the completion of the second review of the ECF arrangement and the authorities’ request for waivers of performance criteria and modification of the domestic financing performance criterion.

Liberia Ad Hoc Review Under The Extended Credit Facility Arrangement And Request For Augmentation Of Access And Modification Of Performance Criteria Staff Report Press Release And Statement By The Executive Director For Liberia

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 149831533X
Size: 12.18 MB
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KEY ISSUES Background. With the highest number of new and cumulative Ebola cases recorded to date, Liberia is the country most affected by the epidemic in West Africa. In addition to exacting a heavy human toll, the Ebola outbreak is having a severe economic and social impact, and could jeopardize the gains from a decade of peace. The largest sectors of the economy (agriculture, services and mining) have been weakened by the epidemic, resulting in significant financing gaps for the fiscal and external accounts. The closure of international borders and, in particular, the internal quarantines are disrupting labor and food supply, leading to shortages of basic commodities, depreciation pressures and higher inflation. Request. The authorities are requesting an ad-hoc augmentation of access under the ECF and an immediate additional disbursement of SDR 32.3 million, equivalent to 25 percent of quota, to help bridge the significant financing need that has emerged in the wake of the outbreak. The authorities are also requesting modification of end-December performance criteria to allow on-lending of the equivalent of the Fund support to the government. Appraisal. Staff supports the authorities’ request for an augmentation of access and immediate disbursement in light of the urgency and size of the balance of payments need. Staff also supports the requested modification of end-December 2014 performance criteria via a program adjustor to allow the on-lending of the additional Fund support to the government. Program status. The third ECF review was concluded on July 3, 2014. Available information indicates that the program remains on track and that continuous PCs are being met. Program financing. The proposed augmentation would complement assistance committed by other stakeholders including US$19 million in additional budget support from the African Development Bank and the World Bank, and would help catalyze support from other donors. The authorities have committed to take the necessary measures to address any residual financing gap.

Risks And Reconstruction

Author: Michael M. Cernea
Publisher: World Bank Publications
ISBN: 9780821344446
Size: 19.24 MB
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This book offers a multidimensional comparative analysis of two large groups of the world's displaced populations : resettlers uprooted by development and refugees fleeing military conflicts or natural calamities. The authors explore common central issues: the condition of being "displaced," the risks of impoverishment and destitu-tion, the rights and entitlements of those uprooted, and, most important, the means of reconstruction of their livelihoods. (Adapté de l'Introduction).

Saudi Arabia

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1475544340
Size: 17.50 MB
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Saudi Arabia has begun a fundamental policy shift to respond to low oil prices. The government has introduced a series of reforms over the past year and has recently set out plans for a bold and ambitious transformation of the Saudi Arabian economy in Vision 2030 and the National Transformation Program. Diversifying the economy, creating jobs for nationals in the private sector, and implementing a gradual, but sizable and sustained fiscal consolidation are key policy priorities.

Modernizing China

Author: W. Raphael Lam
Publisher: International Monetary Fund
ISBN: 147555849X
Size: 64.59 MB
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China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation is that it can no longer be achieved by raising the amount of physical investment and government direction of resource allocation. Instead China is building a new set of policy frameworks that will allow markets to function more effectively—not unfettered markets, but markets that work efficiently, in line with broad social and other policy goals, and in a sustainable way. Hence, China is now building a new soft infrastructure, that is, the institutional plumbing that underpins and guides the functioning of markets as the key organizing principle toward achieving sustained economic and social progress. Against this background, this volume provides policymakers, academics, and the public with valuable information about policies and institutions in China today. It also looks at the road ahead and key principles that can help China in navigating it. The book focuses on issues crucial in the country’s transformation, such as tax policy and administration, social security, state-owned enterprise reform, medium-term expenditure frameworks, the role of local government finances, capital account liberalization, and renminbi internationalization. As China moves toward a more price-based allocation of resources, strengthening monetary policy frameworks and financial sector regulation will be particularly important in channeling resources to the most productive sectors and minimizing the risks of financial sector stress. Also, upgrading statistical frameworks will be critical for macroeconomic policymaking and investors.

Privacy And Freedom

Author: Alan Westin
Publisher: Ig Pub
ISBN: 9781935439974
Size: 46.93 MB
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A landmark text on privacy in the information age.

Eu Intellectual Property Law And Policy

Author: The late Catherine Seville
Publisher: Edward Elgar Publishing
ISBN: 1781003483
Size: 51.22 MB
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This fully updated book offers a compact and accessible account of EU intellectual property (IP) law and policy. The digital age brings many opportunities, but also presents continuing challenges to IP law as the EU’s programme of harmonisation unfolds. As well as addressing the main IP rights (copyright, patents, designs, trade marks and related rights), the book also considers IP’s relationship with the EU’s rules on free movement of goods and competition, as well as examining the enforcement of IP rights. Taking account of numerous changes, this timely second edition covers the substantive provisions and procedures which apply throughout the EU, making extensive reference to the case law. The author considers how the exploitation of IP is increasingly global; harmonisation, in contrast, is only partial, even at the EU level. In response, the book sets EU IP law in its wider international context. It also seeks to highlight policy issues and arguments of relevance to the EU, in its relations both within the Union and with the rest of the world. Designed as a compact and approachable account of these difficult and technical areas, and with advice on further reading and research, this unique book is useful both as a work of reference and for more general study. It is essential reading for postgraduate students, academic researchers and legal practitioners alike.

Benin

Author: Sir Reginald Bacon
Publisher:
ISBN:
Size: 53.30 MB
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