Suchergebnisse

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS, OUTLOOK AND RISKS -- MACROECONOMIC AND FINANCIAL POLICIES -- A. Financing Development Needs While Ensuring Fiscal Sustainability -- B. Monetary and Exchange Rate Policies -- C. Financial Sector, Crypto-Assets and Fintech -- WITHDRAWAL OF CORRESPONDENT BANKING RELATIONSHIPS -- STRUCTURAL REFORMS -- CAPACITY BUILDING AND STATISTICAL ISSUES -- STAFF APPRAISAL -- BOXES -- 1. Technology-Enabled Financial Access Solutions -- 2. Lessons from Samoa's Experience With Risk of CBR Withdrawal -- FIGURES -- 1. Real Sector Developments -- 2. External Sector Developments -- 3. Fiscal Sector Developments -- 4. Monetary and Financial Sector Developments -- 5. The Role of Remittances -- TABLES -- 1. Selected Economic and Financial Indicators, 2015/16 - 2023/24 -- 2. Balance of Payments, 2015/16 - 2023/24 -- 3. Financial Operations of the Central Government, 2015/16 - 2023/24 -- 4. Monetary Developments, 2012/13 - December 2018 -- 5. Financial Soundness Indicators, 2013/14 - 2017/18 -- 6. Strategy for the Development of Samoa and Sustainable Development Goals -- ANNEXES -- I. Risk Assessment Matrix -- II. A Possible Fiscal Path for Samoa -- III. External Sector Assessment -- IV. Key 2015 FSAP Recommendations -- V. Enhancing Customer Identification of MTOs -- VI. The Minimum Wage in Samoa -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS -- STATISTICAL ISSUES.

Cover -- CONTENTS -- ECONOMIC AND POLITICAL CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- FISCAL POLICIES -- FINANCIAL SECTOR POLICIES -- SUPPLY SIDE REFORMS -- OTHER ISSUES -- STAFF APPRAISAL -- BOX -- 1. Climate Resilience and the CCPA -- FIGURES -- 1. Transition to Phase III of the FRL -- 2. Recent Economic Developments -- 3. Unemployment and the Labor Market -- 4. External Developments -- 5. Monetary Developments -- 6. Fiscal Developments -- 7. Financial Sector Developments -- TABLES -- 1. Selected Economic and Financial Indicators, 2014-24 -- 2a. Operations of the Central Government, 2014-2024 (In EC million) -- 2b. Operations of the Central Government, 2014-2024 (In percent of GDP) -- 3. Public Sector Debt, 2015-2018 -- 4. Medium-Term Central Government Financing, 2015-2018 -- 5. Balance of Payments Summary, 2014-2024 -- 6. Summary Accounts of the Monetary Sector, 2014-2024 -- 7. Indicators of Capacity to Repay the Fund, 2014-2024 -- 8. Financial Sector Indicators, 2010-2018 -- ANNEXES -- I. Implementation of IMF Policy Recommendations of the 2018 Article IV Consultation -- II. External Sector and Competitiveness Assessment -- III. Risk Assessment Matrix -- IV. Public Service Management Reform -- V. Risks of Additional Obligations on Public Pensions -- VI. Growth at Risk -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS -- STATISTICAL ISSUES.

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- THE STRUCTURE OF BRAZIL'S KEY LIQUIDITY MARKETS -- A. Money and Fixed Income Markets -- B. The Foreign Exchange Market -- THE AUTHORITIES' APPROACH TO MANAGING LIQUIDITY -- A. The BCB's Monetary Policy Operational Framework -- B. Foreign Exchange Intervention -- C. Government Bond Market Liquidity Support -- KEY ISSUES OF RELEVANCE TO FINANCIAL STABILITY -- A. The Reliance of Markets on the BCB -- B. The Development of The FX Spot Market -- C. The Representativeness of Key Money Market Benchmarks -- D. Market Maker of Last Resort -- SUMMARY AND RECOMMENDATIONS -- BOXES -- 1. Specification of the Key CDI and SELIC Overnight Benchmarks -- 2. Proposed Changes to the BCB's Distribution and Capital Policies -- 3. International Experiences with Term Deposit Auctions -- 4. The Potential Need for Alternative Sterilization Instruments -- 5. A Preliminary Assessment of SELIC And CDI Versus the IOSCO Benchmark Principles -- FIGURES -- 1. Structure of Key Liquidity Markets -- 2. Foreign Exchange Markets and Intervention -- 3. BCB Liquidity Management and Bond Market Interventions -- 4. Flow of Funds in the Money Markets -- TABLES -- 1. Brazil FSAP-Systemic Liquidity-Key Recommendations -- 2. Overview of the Brazilian Money and Fixed Income Markets -- 3. Indexation of Money Market Instruments -- 4. Interest Rate Derivatives Markets.

Cover -- CONTENTS -- CONTEXT -- CHILE'S ECONOMIC RECOVERY GAINS MOMENTUM -- A. Outlook and Risks -- MACROECONOMIC POLICIES -- A. Fiscal Policy -- B. Monetary Policy -- FINANCIAL SECTOR -- A. The New Banking Law and Financial Sector Stability -- B. Cybersecurity and FinTech: Challenges and Opportunities -- TRANSITIONING TO ADVANCED ECONOMY STATUS -- CLOSING POLICY GAPS WITH STRUCTURAL REFORMS -- STAFF APPRAISAL -- BOX -- 1. Chile's Resilience to External Financial Shocks -- FIGURES -- 1. Economic Activity -- 2. Macroeconomic Effects of Copper Prices -- 3. Monetary Policy and Inflation -- 4. Fiscal Policy and Public Finances -- 5. External Sector -- 6. The Softening of the Labor Market -- 7. Financial Sector -- 8. Housing Market Developments -- TABLES -- 1. Selected Social and Economic Indicators -- 2. Summary Operations of the Central Government -- 3. Balance of Payments -- 4. Monetary Survey -- 5. Medium-Term Macroeconomic Framework -- 6. Indicators of External Vulnerabilities -- 7. Financial Soundness Indicators -- ANNEXES -- I. Recommendations of 2016 Article IV Consultation and Authorities Actions -- II. External Sector Assessment Report -- III. Chile's Structural Revenues and Structural Balance Calculations -- IV. Debt Sustainability Analysis -- V. Risk Assessment Matrix -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES -- RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS -- TABLE -- 1. Table of Common Indicators Required for Surveillance.