Dominica
Author: Guy Meredith
Publisher:
Published: 2008
Total Pages: 29
ISBN-13:
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Dominica: 2008 Article IV Consultation Staff Report; Staff Supplement; Staff Statement and Public Information Notice on the Executive Board Discussion
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2008-09-22
Total Pages: 60
ISBN-13: 1451810997
DOWNLOAD EBOOKThe 2008 Article IV Consultation with Dominica discusses external competitiveness and key policy issues. The real effective exchange rate is broadly in line with macroeconomic fundamentals. Fiscal policy is appropriately focused on reducing high public debt. Plans for developing the tourist sector, including improving air access and roads to tourist attractions, are well advanced and should be financed with a view maintaining the sustainability of public debt. The authorities rightly emphasize improving the business climate, strengthening regulation and supervision of the financial sector, and improving disaster preparedness.
Japan
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2008-07-29
Total Pages: 49
ISBN-13: 1451948530
DOWNLOAD EBOOKThis 2008 Article IV Consultation highlights that Japan’s external position remains strong. The current account surplus rose to 4.8 percent of GDP in 2007 on the back of strong external demand and a further surge in investment income. Money markets remain relatively stable owing to the banking system’s lower exposure to subprime and other securitized products and the increased amounts and frequency of the Bank of Japan’s (BoJ) liquidity operations. The near-term economic outlook is for a soft landing, although there remain risks from the global economy.
United States
Author: Adnan Mazarei
Publisher:
Published: 2008
Total Pages: 60
ISBN-13:
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Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2008-09-22
Total Pages: 63
ISBN-13: 1451833172
DOWNLOAD EBOOKThe 2008 Article IV Consultation with the Russian Federation highlights that the Russian banking system has proven to be relatively resilient in the face of worldwide turmoil. The central bank is still intervening heavily in the foreign exchange market, and Russia’s banking system is still comfortably liquid with overnight interbank rates at the lower end of the usual trading range. Executive Directors suggested a careful reconsideration of the authorities’ policy stance, so that price developments are not shaped primarily by uncertain external developments that remain beyond the authorities’ control.
Barbados
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Published: 2008-08-28
Total Pages: 43
ISBN-13: 9781451806090
DOWNLOAD EBOOKBarbados’s 2008 Article IV Consultation is focused on policies to balance the conflicting risks to inflation, growth, and medium-term sustainability. Although the government has maintained some policy space by postponing the liberalization of the capital account, its options are constrained by high public debt and the peg to the U.S. dollar. Downward-trending annual inflation rates masked pent-up price pressures that have been unleashed. The government stressed its commitment to fiscal prudence, with a view to balancing the central government accounts over the medium term.
Dominican Republic
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2010-05-20
Total Pages: 106
ISBN-13: 1455203653
DOWNLOAD EBOOKThis 2009 Article IV Consultation highlights that the Dominican Republic's economy has been adversely affected by the global crisis. Output has been below potential as real GDP growth is decelerating rapidly from more than 5 percent in 2008 to an estimated 0.5 percent to 1.5 percent in 2009. Monetary authorities have responded to the crisis in a timely manner. The authorities’ program aims to limit the effects of the global slowdown on the economy while establishing the conditions for robust and sustainable growth.
Dominica, Staff Report for the ... Article IV Consultation
Author:
Publisher:
Published: 2008
Total Pages: 70
ISBN-13:
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Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2009-07-13
Total Pages: 59
ISBN-13: 1451830912
DOWNLOAD EBOOKStrong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil. The 2009 Article IV Consultation highlights that real GDP of Panama in 2008 grew by 9.2 percent. Panama’s large banking system has weathered the global financial crisis relatively well. Executive Directors have noted that Panama is facing the global economic crisis from a position of strength. Directors have also commended the authorities for the fiscal consolidation of recent years and the associated rapid decline in the public debt-to-GDP ratio.
Dominica
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2010-08-06
Total Pages: 65
ISBN-13: 1455207217
DOWNLOAD EBOOKThe Dominican economy has been more resilient to the global crisis than other ECCU countries. Executive Directors welcomed the Growth and Social Protection Strategy, which is aimed at fostering growth and reducing poverty while lowering public debt. Directors also welcomed the authorities’ regional approach to address the collapse of the Trinidad and Tobago-based CL Financial Group. They encouraged the authorities to reduce the debt-to-GDP ratio to respond to external shocks. Directors commended the prudent fiscal policy stance and stressed the importance of strengthening the financial sector.
