Suchergebnisse

The challenges faced by Mexico's rural areas are significant. Mexico's countryside is home to a large population (more than the overall population of many OECD countries) that is highly dispersed and largely living in poverty. The potential of these areas is however significant, as their vast (and young) human resources, their natural, cultural and physical assets could provide, in a more diversified economy, a greater contribution to national development. This review shows that the challenges and potential of rural areas are spatially differentiated and therefore require a place-based policy

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS AND OUTLOOK -- THE ROLE OF THE FLEXIBLE CREDIT LINE -- A. Access Considerations -- B. Adverse Scenario -- C. Exit Strategy -- ASSESSMENT OF QUALIFICATION -- IMPACT ON FUND FINANCES, RISKS, AND SAFEGUARDS -- STAFF APPRAISAL -- BOXES -- 1. The Calculation of the External Economic Stress Index -- 2. Illustrative Adverse Scenario -- FIGURES -- 1. Recent Economic Developments -- 2. Recent Financial Developments -- 3. Qualification Criteria -- 4. External Debt Sustainability: Bound Tests -- 5. Reserve Coverage in an International Perspective, 2015

Cover -- CONTENTS -- POLICYMAKING IN A NEW POLITICAL LANDSCAPE -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- ENSURING MACRO STABILITY AND EMBARKING ON A NEW WAVE OF STRUCTURAL REFORMS -- A. Fiscal Policy: Create Fiscal Space to Accommodate Infrastructure Needs and Enhance Progressivity -- B. Monetary and Exchange Rate Policies: Continue to Strive for Stability -- C. Macro-Financial Policies: Remain Vigilant and Strengthen the Regulatory Framework -- D. Macro-Structural Policies: A New Wave of Reforms to Move to a Higher Income Status, and Reduce Poverty and Inequality -- E. Safeguards Procedures -- STAFF APPRAISAL -- BOXES -- 1. Mexico's Defined-Contribution Pension System -- 2. Fiscal Transparency Evaluation (FTE) -- 3. Corporate Stress Tests -- 4. AML-CFT Assessment -- 5. Crime and Economic Activity -- 6. Female Labor Force Participation -- FIGURES -- 1. Real Sector -- 2. Labor Market -- 3. Prices and Inflation -- 4. External Sector -- 5. Reserve Coverage in an International Perspective, 2017 -- 6. Fiscal Sector -- 7. Financial Sector -- 8. Banking Sector -- 9. Nonfinancial Corporate Sector -- 10. Social Indicators -- TABLES -- 1. Selected Economic, Financial, and Social Indicators -- 2. Statement of Operations of the Public Sector, Authorities' Presentation -- 3. Statement of Operations of the Public Sector, GFSM 2014 Presentation (In percent of GDP) -- 4a. Summary Balance of Payments (In billions of U.S. dollars) -- 4b. Summary Balance of Payments (In percent of GDP) -- 5. Financial Soundness Indicators -- 6. Financial Indicators and Measures of External Vulnerabilities -- 7. Baseline Medium-Term Projections -- 8. Monetary Indicators -- ANNEXES -- I. Risk Assessment Matrix -- II. External Sector Assessment -- III. Debt Sustainability Analysis -- IV. Staff GDP and Inflation Forecast Errors -- V. Tax Revenue Mobilization.

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- KEY POLICY ISSUES -- A. Fiscal Policy -- B. Monetary and Exchange Rate Policies -- C. Financial Stability -- D. Raising potential output and fostering inclusive growth -- SAFEGUARDS ASSESSMENT -- STAFF APPRAISAL -- BOXES -- 1. Exchange Rate Pass-through Estimates -- 2. Pemex: Key Reforms and Recent Developments -- 3. Pension Issues -- 4. Evaluating Mexico's Monetary Policy Stance -- 5. Household and Corporate Sector Balance Sheets: A Health Check -- 6. Results from stress tests of the financial system from the 2016 FSAP -- 7. Female Labor Force Participation -- FIGURES -- 1. Real Sector -- 2. Prices and Inflation -- 3. Financial Sector -- 4. External Sector -- 5. Reserve Coverage in an International Perspective, 2015 -- 6. Banking System -- 7. Labor Market Indicators -- 8. Nonfinancial Corporate Sector -- 9. Fiscal Sector -- TABLES -- 1. Selected Economic, Financial and Social Indicators -- 2a. Financial Operations of the Public Sector, Authorities' Presentation -- 2b. Financial Operations of the Public Sector, GFSM 2001 Presentation -- 3. Public Sector Financial Balance Sheet -- 4. Summary Balance of Payments -- 5. Financial Soundness Indicators -- 6. Financial Indicators and Measures of External Vulnerabilities -- 7. Baseline Medium-Term Projections -- 8. Net Intersectoral Asset and Liability Positions, 2015 -- ANNEXES -- I. Risk Assessment Matrix -- II. External Sector Assessment -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH THE WORLD BANK -- STATISTICAL ISSUES.

Cover -- CONTENTS -- GLOSSARY -- EXECUTIVE SUMMARY -- BACKGROUND -- A. Macro-financial Context -- B. Financial Sector Context -- FINANCIAL SECTOR RESILIENCE -- A. Banks -- B. Development Banks -- C. Non-Banking Financial Institutions -- D. Corporate Sector -- MICRO-AND MACRO-PRUDENTIAL OVERSIGHT -- A. Financial Sector Oversight and Regulations -- B. Financial Stability and Macroprudential Framework -- FINANCIAL SECTOR SAFETY NETS AND CRISIS MANAGEMENT -- A. Safety Nets -- B. Resolution and Crisis Management Framework and Resolution Regime -- ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM -- FINANCIAL SECTOR DEVELOPMENT PRIORITIES -- A. Solvency Stress Test Methodology -- B. Interconnectedness Analysis: Methodology and Results -- C. Methodology Used for the Assessment -- D. Findings -- E. Authorities' Response -- FIGURES -- 1. Reserves and Nonresident Portfolio Liabilities -- 2. Mexico's Financial System -- 3. Mexico's Commercial Banks Performance -- 4. Mutual Funds and Assets under Management -- 5. Insurance Solvency Ratio -- 6. Mexico's Corporate Sector -- 7. System-Wide Capital Adequacy Ratio Distribution Across Scenarios in Top-Down Stress Test -- 8. Domestic Variables, Historical and Average Stress Scenario Values -- TABLES -- 1. Executive Summary Recommendations -- 2. Selected Economic, Financial, and Social Indicator -- 3. 2013-14 Financial Sector Reform-Selected Key Measures -- 4a. Financial Soundness Indicators -- 4b. Insurance Sector Soundness Indicators -- 5. Risk Assessment Matrix -- ANNEXES -- I. Bank Stress Tests and Interconnectedness -- II. Implementation of the 2012 Financial Stability Assessment Program Recommendations -- III. Report on the Observance of Core Principles for Effective Deposit Insurance Systems.

"This book describes the strengths and weaknesses of the Mexican health system in terms of access to health care, quality of care, efficient supply of services and the financial sustainability of the system. The report also evaluates reforms to the system with particular emphasis on the recently-introduced System of Social Protection in Health ("Sistema de Protección Social en Salud") and assesses remaining policy challenges facing the Mexican authorities."--publisher abstract

This paper discusses Mexico's Request for Arrangement Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. Mexico's macroeconomic policies and policy frameworks remain very strong. Real GDP growth is projected to accelerate to 3.5 percent in 2015. The authorities are requesting a new FCL arrangement for two years at the same level of access. In their view, the risk of a rapid rebalancing of investor portfolios away from emerging markets remains elevated. The IMF staff considers the proposed access level of SDR 47.292 billion to be appropriate. Uncertainties surroun

KEY ISSUESOutlook and risks: Growth is projected to reach 2.4 percent in 2014, while core inflationremains close to the target. Strong export demand has boosted manufacturingproduction and employment, and construction activity is starting to recover, supportedby an expansion of public infrastructure spending. The main external risk is a rise incapital flow volatility caused by uncertainties related to the unwinding of the U.S.monetary policy stimulus or heightened geopolitical tensions. The main domestic risk isthe effectiveness of implementation of the structural reforms.Structural Reforms: M

KEY ISSUESOutlook and risks: Growth is projected to reach 2.4 percent in 2014, while core inflationremains close to the target. Strong export demand has boosted manufacturingproduction and employment, and construction activity is starting to recover, supportedby an expansion of public infrastructure spending. The main external risk is a rise incapital flow volatility caused by uncertainties related to the unwinding of the U.S.monetary policy stimulus or heightened geopolitical tensions. The main domestic risk isthe effectiveness of implementation of the structural reforms.Structural Reforms: M