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East Timor
by International Monetary FundThis report provides an overview of the economic and institutional developments in East Timor up to September 1999 and the immediate impact of the violent events that followed the August 30, 1999 referendum to decide the future status of East Timor. It presents the key elements of the strategy recommended by International Monetary Fund (IMF) staff to the United Nations Transitional Administration in East Timor (UNTAET) to rebuild the institutions needed to support economic activity and public administration, including external financing requirements, technical assistance, and training needs in the area of macroeconomic management. Finally, the report assesses the status of implementation of the strategy, and discusses the steps that should be taken to ensure that the strategy will help East Timor to prepare to face future challenges.
Economic Policies for a New South Africa
by Desmond Lachman Kenneth Bercuson Daudi Ballali Robert Corker Charalambos Christofides James WeinAgainst a backdrop of the dismantling of apartheid and the current government's commitment to negotiating a new constitution based on universal suffrage and protected human rights, discussions are under way on the appropriate economic policies to be pursued in the new political climate. This paper focuses on the redistributive and growth policies needed in the new South Africa.
Guinea: Selected Issues and Statistical Appendix
by International Monetary FundA report from the International Monetary Fund.
Indonesia: Tenth Review Under the Extended Arrangement and Request for Waiver of Applicability--Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
by International Monetary FundA report from the International Monetary Fund.
The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin
by Joannes Mongardini Issouf SamakeA report from the International Monetary Fund.
Budget System Reform in Emerging Economies
by Jack DiamondA report from the International Monetary Fund.
Effects of Financial Globalization on Developing Countries: Some Empirical Evidence
by Eswar S. Prasad Kenneth Rogoff Shang-Jin Wei M. Ayhan KoseThis paper reviews recent empirical evidence, including some new research, on the effects of financial globalisation for developing countries. It focuses on three issues: whether financial globalisation promotes economic growth in developing countries; the impact on macroeconomic volatility in these countries; and factors that can help to harness the benefits of financial globalisation.
Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle
by Mauricio Villafuerte Pablo Lopez-MurphyA report from the International Monetary Fund.
Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries
by Tej Prakash Ezequiel CabezonA report from the International Monetary Fund.
Tax Administration Reform and Fiscal Adjustment: The Case of Indonesia (2001-07)
by John Brondolo Carlos Silvani Eric Le Borgne Frank BoschA report from the International Monetary Fund.
Reconstructing AFGHANISTAN
by Adam Bennett Bruno De Schaetzen Louis Dicks-Mireaux Felix Fischer Thierry Kalfon Ron Van RoodenFollowing the United States led military intervention in Afghanistan in 2001, the Taliban regime collapsed and a new interim government was established, with a new constitution signed and elections subsequently held in 2004. This publication examines the progress made to rebuild Afghanistan's economy and key institutions in the post-conflict environment, as well as discussing the challenges that remain. Chapters consider a range of issues including: a review of the political landscape, aid assistance programmes and the role of the IMF; recent macroeconomic developments, including policies to tackle poppy cultivation and opium production; the fiscal framework and the budget, including the National Program for Reconstruction; structural reforms, including reforming revenue policy and administration, and revitalising the civil service; monetary and exchange rate policy, including the choice of exchange rate regime; and financial sector developments, including legal aspects, the position of the central bank Da Afghanistan Bank, commercial banking, and the informal hawala system.
The Baltics
by Robert Burgess Stefania Fabrizio Yuan XiaoThis paper assesses the competitive position of the Baltic countries of Estonia, Latvia, and Lithuania, in the light of their accession to the EU, focusing on the viability of maintaining fixed exchange rates upon joining the EU, participating in its exchange rate mechanism and adopting the euro currency. Issues discussed include: effective exchange rate indicators and export performance; productivity developments; equilibrium real exchange rates; and policy implications.
Targeting Social Transfers to the Poor in Mexico
by David Coady Susan ParkerA report from the International Monetary Fund.
Dynamic Factor Price Equalization & International Income Convergence
by Joseph Francois Clinton R. ShiellsA report from the International Monetary Fund.
United Germany: The First Five Years
by Robert Corker Robert A. Feldman Karl Habermeier Tessa van der WilligenThis papers reviews economic and financial developments in Germany since its reunification nearly five years ago;and analyzes some critical issues that have featured prominently in the policy debate over this period and are likely to continue attracting attention in the years ahead.
Fiscal Policy and the Current Account
by S. M. Ali Abbas Jacques Bouhga-Hagbe Antonio J. Fatás Paolo Mauro Ricardo C. VellosoA report from the International Monetary Fund.
Trade Elasticities in the Middle East and Central Asia: What is the Role of Oil?
by Dalia S. Hakura Andreas BillmeierA report from the International Monetary Fund.
Lifting the Oil Curse
by Menachem Katz Ulrich Bartsch Harinder Malothra Milan CucA report from the International Monetary Fund.
Burkina Faso: Selected Issues
by International Monetary FundA report from the International Monetary Fund.
Domestic Public Debt of Externally Indebted Countries
by Manmohan S. Kumar Pablo Emilio GuidottiA report from the International Monetary Fund.
The Effects of the Financial Crisis on Public-Private Partnerships
by Philippe Burger Justin Tyson Izabela Karpowicz Maria Delgado CoelhoA report from the International Monetary Fund.
Monetary and Fiscal Policy Options for Dealing with External Shocks: Insights from the GIMF for Colombia
by Benedict Clements Enrique Flores Daniel LeighA report from the International Monetary Fund.
Vacation Over: Implications for the Caribbean of Opening U.S.-Cuba Tourism
by Rafael RomeuA report from the International Monetary Fund.
Russia Rebounds
by David Owen David O. RobinsonThis book analyses Russia's dramatic economic recovery since the country's financial crisis in 1998, with the focus on macroeconomic issues and fiscal and banking sector reforms. It considers the various factors underlying this recovery and highlights key policy challenges that will need to be addressed in order to ensure that the post-crisis recovery is sustained. Chapters look at macroeconomic policymaking; structural reforms and the growth outlook; tax and public expenditure reforms; the banking crisis and recovery; debt problems and the road from default to sustainability.