Republic Of Poland 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Poland

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498340490
Size: 30.37 MB
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Republic Of Poland 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Poland from the Author: International Monetary Fund. European Dept.. This 2014 Article IV Consultation highlights that Poland’s economy is steadily recovering from the 2012–2013 slowdown on the back of Poland’s very strong fundamentals and policies. Real GDP growth moderated to 1.6 percent in 2013 as the slowdown in core euro area countries had knock-on effects on consumer and investor confidence. However, a steady recovery is now under way. The outlook is for a continuing recovery, but external risks remain firmly on the downside. Growth is expected to reach 3.3 percent in 2014 but strong trade and financial linkages with core euro area countries make it vulnerable to growth shocks.

Czech Republic 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Czech Republic

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498333125
Size: 42.61 MB
Format: PDF, ePub, Docs
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Czech Republic 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Czech Republic from the Author: International Monetary Fund. European Dept.. Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target. Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway and the new government’s medium-term fiscal plans have not yet been fully elaborated. The financial system is sound and resilient to shocks, and improvements in the regulatory and supervisory architecture are ongoing. The challenge for the authorities is to create the conditions for strong and sustainable growth while maintaining macroeconomic stability.

Republic Of Estonia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Estonia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484374525
Size: 33.32 MB
Format: PDF, Mobi
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Republic Of Estonia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Estonia from the Author: International Monetary Fund. European Dept.. This 2014 Article IV Consultation highlights that in 2013, Estonia’s recovery from the crisis continued but at a slower pace. Real GDP growth was 0.8 percent, with private consumption providing the main support, although net exports made a negative contribution. Inflation declined to about 3½ percent, but stayed above the euro average. Public finances remained strong, with a fiscal deficit of 0.2 percent of GDP and a gross public debt of 10 percent of GDP. Real GDP growth is projected at 2.4 percent in 2014, rising toward expected potential growth of 3 to 3.5 percent in the medium term.

Republic Of Slovenia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Slovenia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 148439500X
Size: 61.24 MB
Format: PDF, Kindle
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Republic Of Slovenia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Slovenia from the Author: International Monetary Fund. European Dept.. This 2014 Article IV Consultation highlights that Slovenia is recovering from a deep crisis. Growth is estimated to have reached about 2.6 percent in 2014, supported by strong exports and EU-funded public investment. The financial sector has stabilized following recapitalization of the major banks by the state. Government bonds yields have declined markedly. Growth is projected at about 1.9 and 1.7 percent in 2015 and 2016, respectively, with potential growth well below precrisis levels. Executive Directors welcomed the fact that Slovenia’s economy is recovering and commended the authorities for their efforts to mend the banking system, facilitate corporate debt restructuring, and consolidate the public finances.

Republic Of Croatia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Croatia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484397185
Size: 59.13 MB
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Republic Of Croatia 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Croatia from the Author: International Monetary Fund. European Dept.. This 2014 Article IV Consultation highlights that Croatia remains stuck in an unusually drawn out recession. In 2013, real GDP contracted for the 5th consecutive year, and stands now at less than 90 percent of the end-2008 level. Unemployment has risen to 17 percent. Domestic demand remains depressed as corporations and households focus on reducing excessive debts accumulated in the 2000s. Exports and foreign direct investment are also feeble. The outlook is for an additional contraction in 2014 of almost 1 percent. Real domestic demand would remain feeble, reflecting both weak private sector demand and fiscal consolidation.

Republic Of Lithuania 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Lithuania

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484375270
Size: 27.32 MB
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Republic Of Lithuania 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Republic Of Lithuania from the Author: International Monetary Fund. European Dept.. This 2014 Article IV Consultation highlights that Lithuania’s economy has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe has a long way to go. With inflation at historical lows and well-advanced repair of public finances damaged by the 2008/09 crisis, meeting the entry criteria seems on track. Financial stability has improved further in 2013, with the capital adequacy ratio exceeding 17 percent and steady progress in reducing nonperforming loans. The main challenge is now resuscitating the sluggish private sector credit growth, which could undermine investment and the recovery if it continued for much longer.

Former Yugoslav Republic Of Macedonia 2014 Article Iv Consultation And Third Post Program Monitoring Discussions Staff Report Press Release And Statement By The Executive Director For The Former Yugoslav Republic Of Macedonia

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498359450
Size: 39.91 MB
Format: PDF
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Former Yugoslav Republic Of Macedonia 2014 Article Iv Consultation And Third Post Program Monitoring Discussions Staff Report Press Release And Statement By The Executive Director For The Former Yugoslav Republic Of Macedonia from the Author: International Monetary Fund. European Dept.. Growth accelerated to 3.1 percent in 2013, driven by a positive net exports contribution. The broad policy direction is supportive of near term macroeconomic stability. The key challenge is to transition from stability into an acceleration of medium term growth. Uncertainty with respect to EU accession remains, and weighs on longer term prospects.

Institutions Taking Root

Author: Naazneen H. Barma
Publisher: World Bank Publications
ISBN: 146480270X
Size: 61.71 MB
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Institutions Taking Root from the Author: Naazneen H. Barma. Building and operating successful public institutions is a perennial and long-term challenge for governments, which is compounded by the volatile conditions found in fragile settings. Yet some government agencies do manage to take root and achieve success in delivering results earning legitimacy and forging resilience in otherwise challenging contexts. Drawing on mixed-method empirical research carried out on nine public agencies in Lao PDR, Sierra Leone, The Gambia, and Timor Leste, this volume identifies the shared causal mechanisms underpinning institutional success in fragile states by examining the inner workings of these institutions, along with the external operational environment and sociopolitical context in which they exist. Successful institutions share and deploy a common repertoire of internal and external operational strategies. In addition they connect this micro-institutional repertoire to the macro-sociopolitical context along three discernible pathways to institutional success. Institutional development is a heavily contextual, dynamic, and non-linear process but certain actionable lessons emerge for policy-makiers and development partners.

Sovereign Debt And The Financial Crisis

Author: Carlos A. Primo Braga
Publisher: World Bank Publications
ISBN: 9780821385432
Size: 78.86 MB
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Sovereign Debt And The Financial Crisis from the Author: Carlos A. Primo Braga. The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its value added lies in the integrated approach of drawing on theoretical research and evidence from practitioners' experience in developing and emerging market countries.

Current Account Sustainability

Author: Gian Maria Milesi-Ferretti
Publisher: Princeton Univ International Economics
ISBN: 9780881652536
Size: 78.78 MB
Format: PDF
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Current Account Sustainability from the Author: Gian Maria Milesi-Ferretti. A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability and compares the experience of three Latin American countries -- Chile, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential sustainability indicators and discusses their usefulness in predicting external crises