El Salvador 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For El Salvador PDF Download
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| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 114 |
| Release | : 2022-01-28 |
| Genre | : Business & Economics |
| ISBN | : |
Download El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador Book in PDF, ePub and Kindle
The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
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Download El Salvador Book in PDF, ePub and Kindle
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 82 |
| Release | : 2021-07-30 |
| Genre | : Business & Economics |
| ISBN | : 1513588141 |
Download Panama: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama Book in PDF, ePub and Kindle
After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs, which the IMF Executive Board approved on April 15, 2020. Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks, which was approved by the IMF Executive Board on January 19, 2021.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 502 |
| Release | : 2023-04-18 |
| Genre | : |
| ISBN | : 9264644660 |
Download OECD Development Pathways Multi-dimensional Review of El Salvador Strategic Priorities for Robust, Inclusive and Sustainable Development Book in PDF, ePub and Kindle
El Salvador has made significant development progress in the past 30 years. The end of the civil war in 1992 marked the establishment of a liberal democracy and an open export-led development model, which led to a reduction in poverty and inequality. However, with economic growth averaging a modest 2.4% in the years before the COVID-19 pandemic, and productivity growth of 0.1% over the past decade, the post-war model has not generated the economic momentum or the jobs that the country needs.
| Author | : Ms. Burcu Hacibedel |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2023-09-29 |
| Genre | : Business & Economics |
| ISBN | : |
Download Assessing Macrofinancial Risks from Crypto Assets Book in PDF, ePub and Kindle
Failures in the crypto space—including the fall of Terra USD and the FTX debacle—have sparked calls for strengthening countries’ policy frameworks for crypto assets, including by enhanced regulation and supervision. How have these heightened concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we introduce a conceptual macrofinancial framework to understand and track systemic risks stemming from crypto assets. Specifically, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators, potential triggers and potential policy responses related to the crypto sector. We also discuss how experts and officials can weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they can provide policy advice and take action to help contain systemic risks when needed.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 93 |
| Release | : 2021-08-13 |
| Genre | : Business & Economics |
| ISBN | : 1513590030 |
Download Côte D’Ivoire: 2021 Article IV Consultation-Press Release; Staff Report; Informational Annex; Debt Sustainability Analysis; Selected Issues; and Statement by the Executive Director for Côte D’Ivoire Book in PDF, ePub and Kindle
Côte d’Ivoire has shown strong resilience to the pandemic, owing to the authorities’ swift policy reaction and to a decade of sound macroeconomic policies, as well as the support of the international community including the IMF.
| Author | : Gerardo Uña |
| Publisher | : International Monetary Fund |
| Total Pages | : 36 |
| Release | : 2023-02-03 |
| Genre | : Business & Economics |
| ISBN | : |
Download Fintech Payments in Public Financial Management: Benefits and Risks Book in PDF, ePub and Kindle
Fintech payments leverage large digital platforms to fill gaps in the traditional payment system. They have made great strides in increasing access to payment services in several countries around the globe. At the same time, like any innovation, the new payment models are exposed to risks in their operating environment. We review the main fintech payment models (mobile money, internet-based fintech payment, and digital money) and discuss operational and financial risks as well as challenges they face. We then explore how public financial management (PFM), especially treasury payments and non-tax revenue collections, could benefit from fintech payments by providing examples of early fintech applications in different countries and discuss the challenges of integrating them into the public sector. The use of fintech in public finance could bring various benefits—including strengthening fiscal transparency, improving budget planning and execution, and upgrading cash management—if public sector institutional and technological capacities are strengthened and risks are adequately mitigated.
| Author | : Komla Dzigbede |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 459 |
| Release | : 2023-08-14 |
| Genre | : Political Science |
| ISBN | : 1800379714 |
Download Care Homes in a Turbulent Era Book in PDF, ePub and Kindle
This scholarly Research Handbook captures key observations and analyses within the field of public financial management. It offers much-needed insights into possible future research ventures while presenting contemporary summaries of past studies in this ever-evolving field.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 100 |
| Release | : 2022-02-18 |
| Genre | : Business & Economics |
| ISBN | : |
Download Republic of Tajikistan: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by Executive Director for the Republic of Tajikistan Book in PDF, ePub and Kindle
With a strong recovery in train, the authorities are gradually withdrawing the policy stimulus released during the pandemic. Although debt is sustainable, there is a high risk of debt distress. At the same time, financing the Roghun dam project while implementing tax reform remains a key challenge. The financial sector has stabilized, but intermediation remains low. Risks to the outlook are tilted to the downside due to uncertainty on the pandemic and regional spillovers.
| Author | : International Monetary Fund. Western Hemisphere Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2019-05-23 |
| Genre | : Business & Economics |
| ISBN | : 1498316972 |
Download El Salvador Book in PDF, ePub and Kindle
This 2019 Article IV Consultation discusses that structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth in El Salvador. The discussions focused on policies that build on these achievements and address fiscal vulnerabilities, boost long-term growth, and strengthen the governance, anticorruption and Anti-Money Laundering and Combating the Financing of Terrorism frameworks. Continued US dollar appreciation led to a significant decline in inflation and widening of the current account deficit. The authorities agreed that debt would continue to drift upward in the absence of measures, and that weaker-than-expected global growth could have a negative impact on the domestic economy. The authorities emphasized their commitment to guarantee a smooth political transition by sharing information with the new administration and by inviting the Audit Office to oversee the handover process. It is recommended to improve the governance and anticorruption frameworks by increasing the fiscal transparency of the 2020 budget laws, strengthening audit and spending controls, and promptly implementing electronic invoicing.
