Download or read book Chad written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-01-23 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2006 Article IV Consultation highlights that despite some progress in macroeconomic stabilization and reform under IMF-supported programs during the 1990s, Chad’s indicators on business climate, governance, and socioeconomic conditions still remain among the lowest in the world. In 2006, real GDP is expected to grow by 1.3 percent, reflecting higher non-oil growth offsetting a somewhat larger fall in oil production than envisaged earlier. Executive Directors have noted Chad’s efforts in maintaining macroeconomic stability and in channeling resources to priority sectors despite a difficult political and security environment.
Download or read book Chad Staff Report for the Article IV Consultation Review Under the Annual Program Under the Three year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Augmentation of Access and for Waiver of Performance Criteria written by and published by . This book was released on 2009 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central African Economic and Monetary Community written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-14 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions.
Download or read book Central African Economic and Monetary Community CEMAC written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-11-06 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buffers are insufficient to withstand shocks. The recent easing of monetary policy has been appropriate given the positive inflation outlook. Reserves coverage remains adequate and the real effective exchange rate is broadly in line with fundamentals but the issue of only partial repatriation of foreign exchange reserves by some member states needs be resolved. The fiscal surveillance framework should be revised to limit pro-cyclicality and better ensure long-term fiscal sustainability of oil-rich countries.
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Download or read book Sovereign Debt Restructurings 1950 2010 written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2012-08-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Download or read book Republic of Equatorial Guinea written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-06-21 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equatorial Guinea’s macroeconomic performance in the recent period has been broadly satisfactory. Despite the macroeconomic environment, however, progress in alleviating poverty and meeting the MDGs has been slow. Executive Directors welcome the government’s intention to prepare a National Poverty Reduction Strategy. In the meantime, the budget process needs to be modified. The pegged exchange rate regime has served Equatorial Guinea well, providing an anchor to hold down inflation and a positive influence on investors’ confidence. The data provided by Equatorial Guinea are broadly adequate for surveillance.
Download or read book Argentina written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-11-10 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: An inherited legacy of imbalances. Upon taking office in December last year, Argentina’s new government faced pervasive macroeconomic imbalances, microeconomic distortions, and a weakened institutional framework. These encompassed unsustainably high consumption levels, historically low levels of investment, and large fiscal deficits financed by money creation, which led to high inflation. Distortions at the micro level included an extensive network of administrative controls (for example, trade barriers, foreign exchange restrictions, and price controls) and a business environment that eroded competitiveness and undermined medium-term growth. There was also an important weakening of the institutional framework for economic policymaking, perhaps most evident in the loss of credibility of the national statistics agency.
Download or read book Fiscal Regimes for Extractive Industries Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
Download or read book Windfall Management for Poverty Reduction written by Achille Toto Same and published by World Bank Publications. This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper aims at providing a guide to ensure efficiency in the management of Chad's windfall to support the development process and poverty reduction. The analysis is based on the lessons and experience of countries that have successfully used natural-resource-generated windfalls to launch their development process while avoiding the natural resource curse. The paper also discusses the petroleum management arrangements in place in Chad for poverty reduction. The author argues that the successful management of Chad's windfall for poverty reduction will depend on the effectiveness of oil revenue management arrangements in place in Chad and the government's willingness to improve public finance management (PFM).
Download or read book Chad written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-04-17 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2013 Article IV Consultation on Chad focuses on economic background and policy. The country continues to enjoy its longest period of domestic political stability since independence. Macroeconomic performance continued to be stable in 2013, with some deceleration in economic growth and inflation. Recently revised balance-of-payments data show that Chad has been running much larger external current account deficits. Chad’s ability to tackle its developmental needs and poverty reduction objectives is seriously hampered by the projected oil revenue trajectory.
Download or read book Re engaging the African Diasporas written by Charles Quist-Adade and published by Cambridge Scholars Publishing. This book was released on 2016-08-17 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Re-engaging the African Diasporas: Pan-Africanism in the Age of Globalization is the second volume in the Kwame Nkrumah International Conference series, and brings together twenty selected papers presented at the Third Kwame Nkrumah International Conference held at Kwantlen Polytechnic University on August 19-21, 2014. Two premises inform this volume: (1) If the history of slavery and its vestiges divided and continue to divide the continent and its Diasporas, modern technology should be harnessed to bridge that divide, and (2) the continent’s development is a boon to the development of what the African Union has dubbed Africa’s “Sixth Region”. The book threads together papers that seek to give academic and intellectual impetus to tie the continent’s development to that of the African Diaspora. The goal is to end the inertia and inward-looking on the part of scholars and academics in both Africa and “African International” or “Global Africa,” and re-engage one another in more productive ways. By harnessing the enormous resources available in our internet age and riding the cresting wave of globalization, the task of re-engagement will be vastly enhanced, and the debates and discussions in this volume will serve to facilitate this re-engagement. A main highlight of the conference was a special tribute to Nelson Mandela to honour his death in December, 2013 and celebrate 20 years of South African independence. In these papers, scholars examine Mandela’s role in the transition of South Africa from a racist state to a democratic nation. They critically examine how the ANC’s policies have impacted post-Apartheid South Africa and question what alternatives remain for the future.
Download or read book Libya written by Ronald Bruce St John and published by Routledge. This book was released on 2013-09-05 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the socioeconomic and political development of Libya from earliest times to the present, concentrating in particular on the four decades of revolutionary rule which began in 1969. Focusing on the twin themes of continuity and change, Ronald Bruce St John emphasises the full extent to which the revolutionary government has distorted the depth and breadth of the post-1969 revolution by stressing policy change at the expense of policy continuity. Following a brief look at pre-independence Libya, the author explores the way in which the fragility of the post-independence state, unable to contain rising Arab nationalist struggles and growing economic expectations, opened the way for the Free Unionist Officers led by Muammar al-Qaddafi to seize power. He then traces the progressive development of the revolutionary state through four stages: the consolidation of power to 1973 the projection of power to 1986 withdrawal and retrenchment to 1999 the redefinition of the state after 1999. Highlighting the issues facing the contemporary state and providing possible solutions, this book will be an important text for students of current affairs, history, North Africa and the Middle East.
Download or read book Economic Consequences of Large Extraction Declines Lessons for the Green Transition written by Rudolfs Bems and published by International Monetary Fund. This book was released on 2023-05-08 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Consequences of Large Extraction Declines: Lessons for the Green Transition
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Download or read book Distortions to Agricultural Incentives in Africa written by Kym Anderson and published by World Bank Publications. This book was released on 2009-03-13 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The vast majority of the world s poorest households depend on farming for their livelihoods. During the 1960s and 1970s, most developing countries imposed pro-urban and anti-agricultural policies, while many high-income countries restricted agricultural imports and subsidized their farmers. Both sets of policies inhibited economic growth and poverty alleviation in developing countries. Although progress has been made over the past two decades to reduce those policy biases, many trade- and welfare-reducing price distortions remain between agriculture and other sectors and within the agricultural sector of both rich and poor countries. Comprehensive empirical studies of the disarray in world agricultural markets appeared approximately 20 years ago. Since then, the Organisation for Economic Co-operation and Development has provided estimates each year of market distortions in high-income countries, but there have been no comparable estimates for the world s developing countries. This volume is the third in a series (other volumes cover Asia, Europe s transition economies, and Latin America and the Caribbean) that not only fills that void for recent years but extends the estimates in a consistent and comparable way back in time and provides analytical narratives for scores of countries that shed light on the evolving nature and extent of policy interventions over the past half-century. 'Distortions to Agricultural Incentives in Africa' provides an overview of the evolution of distortions to agricultural incentives caused by price and trade policies in the Arab Republic of Egypt plus 20 countries that account for about of 90 percent of Sub-Saharan Africa s population, farm households, agricultural output, and overall GDP. Sectoral, trade, and exchange rate policies in the region have changed greatly since the 1950s, and there have been substantial reforms since the 1980s. Nonetheless, numerous price distortions in this region remain, others have been added in recent years, and there has also been some backsliding, such as in Zimbabwe. The new empirical indicators in these country studies provide a strong evidence-based foundation for assessing the successes and failures of the past and for evaluating policy options for the years ahead.
Download or read book Everyday Politics in the Libyan Arab Jamahiriya written by Matteo Capasso and published by Syracuse University Press. This book was released on 2023-01-25 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Treating the everyday as central to the study of regional and international politics, this book reconstructs the last two decades of the Libyan Arab Jamahiriya, leading up to the 2011 events that sanctioned its fall. It provides a unique and vivid look into the political dynamics that characterized the everyday lives of Libyans, offering a compelling counterargument to those who insist on framing the history of the country as a stateless, authoritarian, and rogue state. Based on the collection of oral histories, what sets the tempo of this journey is an extensive collection of personal anecdotes, moods and emotions, popular jokes and rumors. In weaving the threads that link these quotidian lives to Libya’s interaction with wider international and geopolitical dynamics, the book offers a unique and timely analysis of the 2011 events that witnessed the fall of the regime reaching the current state of violence, war, and hope.
