Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement
Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-06-10

Total Pages: 71

ISBN-13: 1513573128

DOWNLOAD EBOOK

Norway’s key challenge is to get the right balance of support for recovery and adjustment until the crisis is firmly in its past. The authorities intend to continue exceptional policy support into 2021, adjusted to reflect the rebound in economic activity and pace of vaccinations in the second half of the year, and with better targeting to affected sectors. This will support the expected closing of the output gap by 2023 and help mitigate scarring, while also facilitating reallocation of capital and labor.

Republic of Kazakhstan: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Kazakhstan
Republic of Kazakhstan: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Kazakhstan

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-04-11

Total Pages: 66

ISBN-13:

DOWNLOAD EBOOK

Activity returned to its pre-COVID level in 2021. Inflation remains well above the NBK’s 4–6 percent target band, and spillovers from sanctions on Russia will exacerbate price pressures and weaken economic growth in 2022. Kazakhstan benefits from strong fiscal and external buffers but risks to the outlook are elevated due to the uncertain impact on Kazakhstan of the sanctions on Russia and heightened domestic tensions since the January social unrest episode. In the medium term, non-oil growth under the baseline is expected to converge to about 4 percent. Sustainable growth will require greater economic diversification. Climate-related challenges are acute for Kazakhstan given its outsized hydrocarbon sector, high per-capita greenhouse gas emissions, and low domestic energy prices.

Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste
Timor-Leste: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Timor-Leste

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-07-14

Total Pages: 84

ISBN-13: 1513593250

DOWNLOAD EBOOK

Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.

Denmark: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark
Denmark: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-06-16

Total Pages: 74

ISBN-13:

DOWNLOAD EBOOK

The strength of the economic recovery bodes well for the rebound in activity to persist, but uncertainty remains high due to the war in Ukraine and the pandemic, with risks tilted to the downside. With employment above pre-pandemic levels, however, labor market pressures have increased. High energy prices have propelled inflation to a historic high. The current account remains elevated. High household debt constitutes a key source of risk as house price growth remains strong.

Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-01-31

Total Pages: 74

ISBN-13:

DOWNLOAD EBOOK

With strong policy support, Finland suffered a relatively mild economic contraction in 2020 followed by a swift recovery in 2021. Medium-term growth prospects are less strong, due to adverse demographics and low productivity growth—trends that precede the pandemic. Public debt has increased due to pandemic-related support and will remain on a rising trajectory in the medium term, largely reflecting permanent spending increases.

Global Waves of Debt
Global Waves of Debt

Author: M. Ayhan Kose

Publisher: World Bank Publications

Published: 2021-03-03

Total Pages: 403

ISBN-13: 1464815453

DOWNLOAD EBOOK

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Republic of Slovenia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia
Republic of Slovenia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-05-25

Total Pages: 62

ISBN-13: 1513573004

DOWNLOAD EBOOK

The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable groups. They averted a larger decline in output and kept unemployment under control. After contracting by 5.5 percent in 2020, real GDP is projected to grow by 3.9 percent in 2021 and 4.5 percent in 2022, as vaccinations help achieve herd immunity. However, risks to the outlook are large and tilted to the downside, given the epidemiological situation.

Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-06-03

Total Pages: 104

ISBN-13: 1513573020

DOWNLOAD EBOOK

A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.

Oil and Climate Change in the Guyana-Suriname Basin
Oil and Climate Change in the Guyana-Suriname Basin

Author: Ivelaw Lloyd Griffith

Publisher: Taylor & Francis

Published: 2024-06-03

Total Pages: 314

ISBN-13: 1040034330

DOWNLOAD EBOOK

This book is about oil and gas dynamics in the world’s newest petro-powers-in-the-making, and the attempts to balance this against the impact of climate change. The known oil reserves in the Guyana-Suriname Basin total some 30 billion barrels equivalent, and the gas reserves exceed 30 trillion cubic feet. This massive offshore discovery amounts to 10 percent of the world’s conventional oil, but Guyana and Suriname are also in a wet neighborhood, where the impact of climate change stands to wreak havoc on the area and undermine some of the oil gains. Examining the political economy of petroleum production and some of the myriad challenges and opportunities involved, the expert contributors discuss the global and regional geopolitical and national security ramifications of the petroleum pursuits and explore global climate change dynamics and their effects on the region. This title will be of interest to students, scholars of international political economy, environmental politics, and the Caribbean. It will also be invaluable to policymakers in countries with business investments in Guyana and Suriname, especially in the energy sector, and policy and operational staffs in regional and international organizations and companies.

Japan: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan
Japan: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-04-06

Total Pages: 83

ISBN-13:

DOWNLOAD EBOOK

Pre-COVID-19, economic policies under “Abenomics” helped ease financial conditions, exit deflation, and raise labor market participation, but fell short on the deep reforms needed to raise productivity and achieve inclusive and sustainable growth. The Japanese economy is now recovering from the pandemic amid strong policy support that has helped to mitigate the downturn. Japan had substantially lower rates of COVID-related infections and deaths than most advanced economies.