Suchergebnisse

Executive Council Thirty-Fourth Ordinary Session 7 – 8 February 2019 Addis Ababa, Ethiopia ; As a result of protracted armed conflict, Somalia remains as one of Sub-Saharan Africa's most underdeveloped county. Following the collapse of the central government in 1991, the country has been plagued with violent conflict and insurgency, extreme and widespread poverty, acute food shortage, and political instability, economic underdevelopment, and recurring natural disasters such as droughts and floods. Somalis to date lack: essential healthcare, education, food security, safe drinking water, hygiene and adequate sanitation, and have very limited employment and livelihood opportunities. The Federal Government of Somalia (FGS) and sub national tiers of government have meagre resources to meet the country's pressing needs.

Greece has still not found its way back while its economy has been deteriorating year after year since 2008. It is argued in this article that the central factor of this outcome was the dynamics of financing in the countries most involved in Greek indebtedness that was considerably greater and had a more detrimental influence on the Greek economy than poor fiscal management that different governments could incur. The impetus displayed by financial services did not correspond to the weakness of the real sector which occurs when borrowing and financial flows are used without restriction to meet the interests of creditors. In this work an analysis of the channels that fueled Greek debt is carried out in the context proposed by Minsky where an economy moves from financial stability to a scenario of instability supported in two determining variables: high and exaggerated interest on debt service and the type of agents holding debt assets. The debt-service interest incurred by the government since joining the eurozone and the impetus for financing caused the debt to have a giant snowball effect while the change in debt holders forced the government to comply with strict and onerous government and macroeconomic reforms that directly impacted the ability of Greek governments to pay with negative results on the well-being of society. ; Grecia aún no ha encontrado el camino hacia su recuperación desde que su economía se contrajera año tras año desde el 2008. Se argumenta en este artículo que el factor central de este resultado fue la dinámica de financiación de los países más involucrados en el endeudamiento griego, que fue considerablemente mayor y que influyó más negativamente sobre la economía griega que el deficiente y dispendioso manejo fiscal en el que pudieron incurrir diferentes gobiernos. El ímpetu mostrado por los servicios financieros no correspondió a la debilidad del sector real, pues el endeudamiento y los flujos financieros fueron utilizados sin restricción alguna para satisfacer los intereses de los acreedores. En este trabajo se realiza un análisis de los canales que fueron alimentando la deuda griega en el contexto propuesto por Minsky (1992) de inestabilidad financiera, que tiene lugar cuando una economía transita desde la estabilidad financiera hacia un escenario de inestabilidad soportado en dos variables determinantes: los altos y exagerados intereses del servicio de la deuda y el tipo de agentes poseedores de los activos de deuda. Los intereses del servicio de la deuda contraída por el Gobierno desde su incorporación a la zona euro junto al fuerte impulso de la financiación provocaron que la deuda se convirtiese en una bola de nieve gigante, mientras que el cambio en los poseedores de deuda impidió que el Gobierno pudiera cumplir con las estrictas y onerosas reformas gubernamentales y macroeconómicas, que repercutieron directamente sobre la capacidad de pago de los Gobiernos griegos y que provocaron resultados negativos sobre el bienestar de la sociedad. ; Grecia aínda non atopou o camiño cara á súa recuperación desde que a súa economía se contraese ano tras ano desde o 2008. Arguméntase neste artigo que o factor central deste resultado foi a dinámica de financiamento dos países máis involucrados no endebedamento grego, que foi considerablemente maior e que influíu máis negativamente sobre a economía grega que o deficiente e dispendioso manexo fiscal no que puideron incorrer diferentes gobernos. O ímpeto mostrado polos servizos financeiros non correspondeu á debilidade do sector real, pois o endebedamento e os fluxos financeiros foron utilizados sen restrición ningunha para satisfacer os intereses dos acredores. Neste traballo realízase unha análise das canles que foron alimentando a débeda grega no contexto proposto por Minsky (1992) de inestabilidade financeira, que ten lugar cando unha economía transita desde a estabilidade financeira cara a un escenario de inestabilidade soportado en dúas variables determinantes: os altos e esaxerados xuros do servizo da débeda e mais o tipo de axentes posuidores dos activos de débeda. Os xuros do servizo da débeda contraída polo Goberno desde a súa incorporación á zona euro xunto ao forte impulso do financiamento provocaron que a débeda se convertese nunha bóla de neve xigante, mentres que o cambio nos posuidores de débeda impediu que o Goberno puidese cumprir coas estritas e onerosas reformas gobernamentais e macroeconómicas, que repercutiron directamente sobre a capacidade de pagamento dos Gobernos gregos e que provocaron resultados negativos sobre o benestar da sociedade.

Iraq's overall security situation has notably improved after the defeat of ISIS, but significant challenges lie ahead. Iraq has witnessed major political and security transitions in 2017 when Prime Minister Al-Abadi announced in December the victory over ISIS after a war that lasted three years. The defeat of ISIS in Iraq left the government with the daunting tasks of rebuilding the country's infrastructure, reconstruction of liberated areas, establishing security and stability,and providing services for the return of the displaced persons. On May 12, 2018 Iraq voted in parliamentary elections that delivered a win for a political bloc led by Moqtada al-Sadr, while PM Al-Abadi's bloc, once seen as front runner, came in third. The ballots have been recounted after allegations of fraud and completed on August 8th without major change. On September 15th, Iraq's parliament elected lawmaker Mohammed al-Halbousi as speaker, marking a major step towards establishing a new government. On October 2nd, Iraq's parliament elected as president Barham Salih,who immediately named Adel Abdul Mahdi Prime Minister-designate, ending months of deadlock afterthe national election in May.

The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Lebanon.

The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Lebanon continues to be impacted by the domestic political stalemate and regional turmoil, particularly along its border with Syria. Economic activity picked up in the second half of 2014. Stronger economic performance and lower oil prices pushed real GDP growth to an estimated 2.0 percent in 2014, compared to 0.9 percent in 2013. One-off cosmetic and unsustainable measures rather than policy actions helped improve the fiscal balance in 2014. We estimate the overall fiscal deficit to have declined by 2.3 percentage points. Declining imports lead an improvement in the current account balance. In 2014, a fall in merchandize imports induced a 4.4 pp reduction in the current account deficit to a still-elevated 22.2 percent of GDP. This trend is projected to continue in 2015 helped by falling oil prices and a depreciating euro, Headline inflation plummeted from 2.7 percent in 2013 to 1.9 percent in 2014 and is expected to remain tempered over the medium term. Lebanon s economy continues to be exposed to external shocks. The border with Syria is increasingly menacing as coordinated attacks by ISIS and Al Nusra are being launched more frequently from their bases in Syria. Inefficiencies in power generation impose sizable macroeconomic costs on Lebanon. The Lebanese electricity sector has been underperforming for decades with considerable socio-economic costs. The macroeconomic impact has been massive.

Preliminary Material /A. Layish -- Introduction One Tribal Arbitrators' Documents As A Source Of Legal History /A. Layish -- Introduction Two The Sedentary Bedouin Of The Judean Desert /A. Layish -- Introduction Three Tribal Judiciary And Customary Law /A. Layish -- Document One Submission, Tribal Award And Registration With Notary Public (1978) /A. Layish -- Document Two Murder with No Witnesses and Exculpatory Oath at al-Aqṣā Mosque (1954) /A. Layish -- Document Three Blood-Money Pact Reducing Tribal Liability (1966) /A. Layish -- Document Four Dissociation From Blood Group's Liability On Individual's Initiative (1963) /A. Layish -- Document Five Unintentional Vehicular Homicide And Reconciliation In The Presence Of A Qāḍī And A Muftī (1955) /A. Layish -- Document Six Unintentional Homicide Entailing Diya Muḥammadiyya (1975) /A. Layish -- Document Seven Diya Muḥammadiyya In The Presence Of A Sharʿī Qāḍī (1957) /A. Layish -- Document Eight An Eye For An Eye Or Monetary Compensation (1956) /A. Layish -- Document Nine Amputation Of The Hand Or Compensation Of One-Third Of A Diya Of A Person (1973) /A. Layish -- Document Ten Abduction, Marriage And Closure Of Criminal File (N.D.) /A. Layish -- Document Eleven Offense Against A Woman's Chastity Ṣā'iḥat Al-Ḍuḥā (1956) /A. Layish -- Document Twelve Cutting Down Trees, Damage To A Well, Etc. (1976) /A. Layish -- Document Thirteen Tribal Agreement On Regulations Relating To Corn Theft (1949) /A. Layish -- Document Fourteen Mukhtārs' Petition Concerning Shar'ī Marriage (N.D.) /A. Layish -- Document Fifteen Shar'ī Confirmation Of A Customary Marriage (1956) /A. Layish -- Document Sixteen Shar'ī Marriage Contract (1958) /A. Layish -- Document Seventeen Resort To Tribal Qāḍī Following The Harī'a Court's Failure To Solve A Dispute (1963) /A. Layish -- Document Eighteen Prompt Mahr Given To A Bride's Mother In Trust (1934) /A. Layish -- Document Nineteen Acknowledgment Of Mahr As Debt (1934) /A. Layish -- Document Twenty Agreement Between Brothers On Mobilizing Mahr Out Of The Estate (1957) /A. Layish -- Document Twenty-One Tribal Agreement On Mahr (1940) /A. Layish -- Document Twenty-Two Shar'ī Judgment Granting Maintenance (1964) /A. Layish -- Document Twenty-Three Bayt Shar'ī, Obedience And Divorce In The Sharī'a Court (1970) /A. Layish -- Document Twenty-Four Customary Khul': Compensation To Divorcing Husband On His Wife's Remarriage (1959) /A. Layish -- Document Twenty-Five Khul' Prior To Consummation To Be Effected In The Sharī'a Court (1966) /A. Layish -- Document Twenty-Six Consensual Divorce With Sureties To Be Effected In The Sharī'a Court (1974) /A. Layish -- Document Twenty-Seven Tribal Award Of Separation To Be Accomplished By Shar'ī Ṭalāq (1972) /A. Layish -- Document Twenty-Eight "Renunciation Divorce" On The Wife's Initiative In The Sharī'a Court (1962) /A. Layish -- Document Twenty-Nine Shar'ī Legal Opinion On Oath Of Suspended Divorce (N.D.) /A. Layish -- Document Thirty Agreement On Child's Custody And Maintenance (1979) /A. Layish -- Document Thirty-One Replacement Of Guardian Of Minors' Property By A Shar'ī Qāḍī (1904) /A. Layish.

The geo-economy presents Lebanon with challenges associated with being a nexus for regional fault lines and risks from its dependence on capital inflows. Despite markedly improved security conditions since the start of 2015, anxiety over regional turmoil and potential spillover effectspersist. All the while, Lebanon continues to be, by far, the largest host of Syrian refugees (in proportion to the population). In addition, the economy's dependence on its diaspora to finance internal and external imbalances exposes Lebanon to economic and political conditions beyond its influence. Despite these challenges and risks, the political process remains impaired with the vacant presidency completing its second year with uncertain prospects of a near-term resolution. On the other hand, a short-term solution has been found to the garbage crisis that has left piles of trash uncollected on the streets across the country since summer 2015. The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development.