Download or read book Nicaragua 2012 Article IV Consultation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-09-05 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is an overview of Nicaragua’s performance in the year 2011. The year 2012 is expected to face a recession and a moderation in the global oil prices. The tax revenue collections will be sturdy. The poverty scale will not face any oscillation. The rigid development in the business line, sustaining the electricity sector financially, and low dependence of oil imports are the anticipated preventive measures to overcome these challenges. The Board has taken these ideas as the positive outcome of a strong rule.
Download or read book Nicaragua written by International Monetary Fund. Western Hemisphere Department and published by . This book was released on 2013 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context. Macroeconomic stability has been maintained and policies are broadly in line with the recommendations of the 2012 Article IV consultation. Growth is expected to slow somewhat, reflecting in part lower coffee production and slowdown in construction. Inflation expectations are anchored by the crawling peg and core inflation remains stable. The external current account deficit has remained large, while international reserves coverage of imports has been broadly adequate. Bank credit to the private sector increased rapidly over the past year and may pose risks. The Board discussion of the 2012 Article IV took place in June 2012. Outlook and Risks. Under current policies, growth is expected to decline from about 5.2 percent in 2012 to 4.2 percent in 2013; inflation is projected to pick up marginally to about 7 percent by end-2013. Large external current account deficits with associated financing needs and high external debt will keep vulnerabilities relatively high. Risks to the outlook stem from slower than expected economic recovery in the United States and Europe, higher oil prices, and unexpected changes to the oil collaboration scheme with Venezuela. Policy recommendations. Sustained implementation of prudent macroeconomic policies has strengthened the economy's resilience to risks but large external and fiscal vulnerabilities remain. The authorities' fiscal strategy is to keep deficits low and to lower public debt ratios over the medium term which will require protecting revenues, reforming the social security system to ensure its long-term financial viability, containing current spending, and rationalizing subsidies to electricity and other economic sectors. Economic collaboration with Venezuela, while beneficial, has generated dependency on financing that could pose risks to external stability, and needs to be made more transparent. Authorities' views. The authorities broadly agreed with staff's assessment of near-term risks and the need to reduce fiscal and external vulnerabilities. In particular, there was agreement on the need to continue prudent fiscal policy and lower public debt ratios to gain fiscal space, and to further increase transparency of public sector operations. The authorities also concurred with the assessment that rapid credit growth might pose risks and required monitoring. They welcomed close cooperation with the Fund and its role as a trusted advisor.
Download or read book Nicaragua written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-12-27 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2013 Article IV Consultation highlights that during the past two years, macroeconomic developments in Nicaragua have been generally favorable. Real GDP grew by an average of 51⁄4 percent during 2011–2012, and the annual average inflation was 71⁄4 percent during the same period. Looking ahead, the macroeconomic outlook also remains broadly positive. Real GDP is expected to grow by 41⁄4 percent in 2013 and then stabilize at its potential level of 4 percent over the medium-term. Inflation is projected to remain at about 7 percent supported by the crawling-peg exchange rate system that has helped anchor inflation expectations.
Download or read book Nicaragua written by International Monetary Fund. and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nicaragua written by Charles Collyns and published by . This book was released on 2006 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nicaragua written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-09-05 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is a report of Nicaragua’s performance under the 2007–11 program. The period was marked by a stern financial crisis, price shocks, and disasters, but the program maintained the macroeconomic stability. Although the program had several hurdles, its achievements were remarkable—approval of tax reforms, improvements in banks' framework, power and electricity framework, dwindled poverty rate, and strong foreign relations. Overall, the Board is in high spirits in the triumph of the program in a critical situation though it had some flaws.
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 Latin American Foreign Policies towards the Middle East written by Marta Tawil Kuri and published by Springer. This book was released on 2016-11-23 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume surveys the interplay between state and non-state actors in Latin American foreign policies and attitudes towards the Middle East in the twenty-first century. How will domestic instability and international tensions affect the choices and behavior of Latin American countries towards the Arab world? The chapters here offer insight into this and similar questions, as well as a comparative value in analyzing countries beyond those specifically discussed. Common topics in policy making are considered–namely, Israel and Palestine, Iran, the Gulf countries, and the Arab "Spring”–as authors from distinct disciplines examine the crucial relation between ends and means on the one hand, and foreign policy actions and context on the other.
Download or read book International Monetary Fund Annual Report 2012 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-10-04 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, through April 30, 2012. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2012.
Download or read book Staff Guidance Note on Macroprudential Policy Considerations for Low Income Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-11 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note explores how characteristics of financial systems commonly observed in low income countries may shape the approach to the staff’s advice on macroprudential policy. It explores the implications of the ongoing process of financial and institutional development for the conduct of macroprudential policy in these countries. This note is a supplement to the Staff Guidance Note on Macroprudential Policy.
Download or read book Trade Policy Review written by World Trade Organization and published by Bernan Press. This book was released on 2013 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Trade Policy Review Mechanism, a permanent feature of the World Trade Organization (WTO), is designed to contribute to improving adherence by all WTO members to rules, disciplines, and commitments made under the Multilateral Trade Agreement. This volume in the series provides information on the trade policies, practices, and macroeconomic situations of Nicaragua. Each Trade Policy Review is expertly prepared after in-depth analysis of an individual nation by the WTOs Trade Policy Review Board.
Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 2013 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-12-15 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 64th issue of the AREAER. It provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF member countries. It also provides information on the operation of foreign exchange markets and controls on international trade. It describes controls on capital transactions and measures implemented in the financial sector, including prudential measures. In addition, it reports on exchange measures imposed by member countries for security reasons. A single table provides a snapshot of the exchange and trade systems of all IMF member countries. The Overview describes in detail how the general trend toward foreign exchange liberalization continued during 2012, alongside a strengthening of the financial sector regulatory framework. The AREAER is available in several formats. The Overview in print and online, and the detailed information for each of the 191 member countries and territories is included on a CD that accompanies the printed Overview and in an online database, AREAER Online. In addition to the information on the exchange and trade system of IMF member countries in 2012, AREAER Online contains historical data published in previous issues of the AREAER. It is searchable by year, country, and category of measure and allows cross country comparisons for time series.
Download or read book Illicit Financial Flows from Developing Countries Measuring OECD Responses written by OECD and published by OECD Publishing. This book was released on 2014-04-23 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.
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 El Salvador 2021 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for El Salvador written by International Monetary and published by International Monetary Fund. This book was released on 2022-01-28 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
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 Paraguay 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: After two consecutive years of GDP decline driven by external shocks, Paraguay’s economy rebounded in 2021. In 2019, drought and flooding reduced economic growth to -0.4 percent. In 2020, the impact of the pandemic on the secondary and tertiary sectors was partly compensated by a rebound of agriculture and an extensive emergency package, and GDP fell by only 0.8 percent. Growth rebounded to 4.2 percent in 2021, but heatwaves and a severe drought decelerated the recovery and have limited 2022 growth prospects, though a recovery is projected for 2023 and the medium-term. While the loss of agricultural export revenue is affecting Paraguay’s balance of payments in 2022, the external position in 2021 was stronger than the level implied by fundamentals and desirable policies.
