Suchergebnisse

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Fiscal Policy: Ensuring Fiscal Sustainability and Growth-Friendly Consolidation -- B. Strengthening Fiscal Institutions: Reducing Fiscal Risks and Improving Efficiency -- C. Monetary Policy: Strengthening Inflation Targeting and Mitigating Risks -- D. Financial Sector: Ensuring Financial Stability -- E. Structural Reform: Improving the Investment Climate and Boosting Labor ForceParticipation -- STAFF APPRAISAL -- BOX -- 1. NPL Resolution in Albania -- FIGURES -- 1. Real GDP Growth and Inflation -- 2. Monetary Sector Developments -- 3. External Sector Developments -- 4. Fiscal Sector Developments -- 5. Social Spending Indicators -- 6. Banking Sector Indicators -- 7. Structural Indicators -- 8. Labor Market and Demographic Developments -- 9. Inclusiveness Indicators -- TABLES -- 1. Basic Indicators and Macroeconomic Framework, 2013-22 -- 2a. General Government Operations, 2013-22 (Percent of GDP) -- 2b. General Government Operations, 2013-22 (Billion Lek) -- 3a. Balance of Payments, 2013-22 (Percent of GDP) -- 3b. Balance of Payments, 2013-22 (Million Euros) -- 4. External Financing Requirements and Sources, 2014-22 -- 5. Indicators of Capacity to Repay to the Fund, 2013-22 -- 6. Monetary Survey, 2013-22 -- 7. Summary Accounts of the Central Bank, 2013-22 -- 8. IMF Core Indicators of Financial Soundness, 2007-17 -- ANNEXES -- I. External Sector Assessment -- II. Risk Assessment Matrix -- III. Implementation of the Recommendations from the 2016 Article IV Consultation -- IV. Debt Sustainability Analysis (DSA) -- V. Medium-term Growth in Albania -- VI. Fiscal Anchor for Albania -- VII. Revenue Mobilization in Albania -- VIII. Judicial Reform and Anti-Corruption Efforts in Albania -- IX. Financial Deepening -- CONTENTS -- FUND RELATIONS.

Cover -- CONTENTS -- Glossary -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- A. Recent Developments -- B. Outlook and Risks -- POLICY DISCUSSIONS -- A. Safeguarding Fiscal Sustainability -- B. Implementing the Exchange Rate Transition -- C. Strengthening Financial Sector Soundness -- D. Macro-Structural Reforms: Promoting Higher and Inclusive Growth -- STAFF APPRAISAL -- BOXES -- 1. Distributional Effects of Tax Reforms -- 2. Public Investment Management Assessment (PIMA) -- 3. Improving the Targeting of Morocco's Social Programs -- FIGURES -- 1. Real Sector Developments -- 2. Fiscal Developments -- 3. Financial Sector Developments -- 4. Structural Reforms -- 5. External Sector Developments -- TABLES -- 1. Risk Assessment Matrix -- 2. Selected Economic Indicators 2012-22 -- 3a. Budgetary Central Government Finance, 2012-22 (Billions of dirhams) -- 3b. Budgetary Central Government Finance, 2012-22 (Percent of GDP) -- 4. Balance of Payments, 2012-22 -- 5. Monetary Survey, 2011-17 -- 6. Financial Soundness Indicators, 2010-17 -- 7. Capacity to Repay Indicators, 2016-22 -- 8. FSAP Key Recommendations-Status as of November 2017 -- ANNEXES -- I. Implementation of Past Fund Advice -- II. External Sector Assessment -- III. Fiscal Decentralization -- IV. Public Debt Sustainability Analysis (DSA) -- CONTENTS -- RELATIONS WITH THE FUND -- RELATIONS WITH THE WORLD BANK GROUP -- STATISTICAL ISSUES.

Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICIES -- A. Enhancing Growth and Resilience -- B. Building Fiscal Buffers -- C. Further Strengthening the Financial System -- STATISTICAL ISSUES -- STAFF APPRAISAL -- BOX -- 1. Belize's Tourism Boom -- FIGURES -- 1. Real Sector Developments -- 2. External Sector Developments -- 3. Fiscal Sector Developments -- 4. Monetary and Financial Sector Developments -- 5. Debt Markets Developments -- TABLES -- 1. Selected Social and Economic Indicators, 2015-2022 -- 2a. Operations of the Central Government (In millions of Belize dollars) -- 2b. Operations of the Central Government (In percent of GDP -- unless otherwise indicated) -- 3a. Balance of Payments, 2015-22 (in millions of US dollars) -- 3b. Balance of Payments, 2015-22 (in percent of GDP) -- 4. Operations of the Banking System, 2015-22 -- 5. Baseline Medium-Term Outlook, 2015-22 -- ANNEXES -- I. Implementation of 2017 Article IV Consultation Recommendations -- II. External Stability Assessment -- III. Risk Assessment Matrix -- IV. Inter-Sectoral Balance Sheet Analysis -- V. Debt Sustainability Analysis -- VI. Growth Analysis and Data Sources -- CONTENTS -- FUND RELATIONS -- COLLABORATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS -- STATISTICAL ISSUES.

Cover -- CONTENTS -- CONTEXT -- RECENT ECONOMIC DEVELOPMENTS -- ECONOMIC OUTLOOK AND RISKS -- ARTICLE IV DISCUSSIONS: ADDRESSING MEDIUM-TERM CHALLENGES TO RAISE GROWTH -- A. Strengthening the Effectiveness of Monetary and Exchange Rate Policies -- B. Preserving Fiscal Sustainability in a Growth-Friendly Environment -- C. Rehabilitating the Financial Sector to Support Credit Growth -- D. Advancing Structural Reforms for Sustainable and Inclusive Growth -- PROGRAM DISCUSSIONS: SUSTAINING THE MOMENTUM OF REFORM -- A. Financial Sector Policies -- B. Monetary and Fiscal Policies -- C. Energy Sector Reforms -- PROGRAM FINANCING AND MODALITIES -- A. Program Monitoring and Financing -- B. Capacity to Repay the Fund and Risks to the Program -- STAFF APPRAISAL -- BOXES -- 1. Tackling the Shadow Economy -- 2. Advancing Public Administration Reform -- FIGURES -- 1. Real Sector Developments, 2010-17 -- 2. Fiscal Developments, 2009-17 -- 3. Credit Developments, 2013-17 -- 4. External Sector Developments, 2009-17 -- 5. Money, Prices, and Interest Rates, 2011-17 -- 6. Public Investment -- 7. Banking Sector Developments, 2013-17 -- TABLES -- 1. Selected Economic Indicators, 2014-22 -- 2. Balance of Payments, 2014-22 -- 3a. General Government Budget, 2014-22 (Millions of Moldovan lei) -- 3b. General Government Budget, 2014-22 (Percent of GDP) -- 4. Accounts of the National Bank of Moldova and Monetary Survey, 2011-17 -- 5. Financial Soundness Indicators, 2009-17 -- 6. Schedule of Reviews and Disbursements -- 7. Indicators of Fund Credit, 2011-22 -- 8. Quantitative Performance Targets, December 2017-December 2018 -- 9. Proposed Prior Actions and Structural Benchmarks Under the ECF/EFF -- 10. Status of Existing Structural Benchmarks Under the ECF/EFF -- 11. External Financing Requirements and Sources, 2016-19 -- ANNEXES -- I. External Sector Assessment.

Cover -- CONTENTS -- CONTEXT AND OUTLOOK -- PROGRAM PERFORMANCE -- PROGRAM POLICY DISCUSSIONS -- A. Fiscal Policy -- B. Monetary and Exchange Rate Policies -- C. Financial Sector Policies -- D. Social and Development Policies, Governance, and Business Climate -- E. Other Program Issues -- STAFF APPRAISAL -- FIGURES -- 1. Program and Article IV Scenarios, 2015-22 -- 2. Real Sector Developments, 2010-18 -- 3. External Sector Developments, 2010-18 -- 4. Fiscal Sector Developments, 2010-18 -- 5. Monetary and Financial Sector Indicators, 2010-18 -- 6. Business and Governance Indicators, 2006-17 -- TABLES -- 1. Macroeconomic Framework, 2014-23 -- 2. Balance of Payments, 2014-23 -- 3a. Central Government Operations, 2014-23 (In billions of MRO) -- 3b. Central Government Operations, 2014-23 (In percent of non-extractive GDP) -- 4. Monetary Survey, 2014-20 -- 5. Banking Soundness Indicators, 2010-17 -- 6. External Financing Requirements and Sources, 2015-20 -- 7. Capacity to Repay the -- 8. Access and Phasing Under the Three-Year ECF Arrangement, 2017-20 -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding.