St Vincent And The Grenadines Request For Disbursement Under The Rapid Credit Facility Press Release Staff Report And Statement By The Executive Director For St Vincent And The Grenadines PDF Download
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Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 49 |
Release | : 2020-05-29 |
Genre | : Business & Economics |
ISBN | : 1513545744 |
Download St. Vincent and the Grenadines Book in PDF, ePub and Kindle
This paper highlights St. Vincent and The Grenadines’ Request for Disbursement Under the Rapid Credit Facility (RCF). The coronavirus disease 2019 (COVID-19) pandemic poses a major challenge to St. Vincent and the Grenadines. The tourism sector, a key driver of economic growth in the country, has come to a complete halt with ripple effects across the economy. The authorities have responded to the pandemic by swiftly implementing containment measures and a fiscal package, which includes an increase in funding for the health sector, various public construction projects to generate jobs, financial support to agriculture and fishery sector, and programs to support displaced workers and the most vulnerable. The authorities are committed to meeting the regional debt target of 60 percent of gross domestic product by 2030. Once the crisis has abated, they plan to reprioritize capital spending, contain the growth of the wage bill, enhance taxpayer compliance, and rationalize exemptions from import duties and value added tax on imports. IMF emergency support under the RCF will help fill St. Vincent and the Grenadines’ balance of payments needs. The IMF financing will also help catalyze additional donor support. The authorities are committed to ensuring transparency and good governance in the use of COVID-19-related spending.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 2021-07-19 |
Genre | : Business & Economics |
ISBN | : 1513589822 |
Download St. Vincent and the Grenadines: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for St. Vincent and the Grenadines Book in PDF, ePub and Kindle
An explosive volcanic eruption that began on April 9 is hitting St. Vincent and the Grenadines hard, creating an urgent balance of payments need and a humanitarian crisis as the country continues to deal with the fallout from the global pandemic. The economy is estimated to have contracted in 2020 by 3.8 percent as tourism activity fell 70 percent. Before the eruption, economic growth was expected to be flat in 2021, as the global pandemic continued, and tourism remained depressed. While there is considerable uncertainty about the evolution of the eruption, staff estimate the infrastructure damage to exceed 20 percent of GDP and for the economy to contract by 6.1 percent in 2021 with agriculture and related sectors severely affected.
Author | : Charles Amo Yartey |
Publisher | : International Monetary Fund |
Total Pages | : 397 |
Release | : 2014-05-06 |
Genre | : Business & Economics |
ISBN | : 1484321170 |
Download Caribbean Renewal Book in PDF, ePub and Kindle
Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal consolidation, robust growth, and structural reforms. The book also examines empirically the factors underlying global large debt reduction episodes to draw important policy lessons for the Caribbean. It also reviews the literature on successful fiscal consolidation experiences and provides an overview of past and current consolidation efforts in the Caribbean. The book concludes that the region needs a broad and sustained package of reforms to reduce debt ratios to more manageable levels and strengthen economic resilience.
Author | : International Monetary Fund. African Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2020-06-12 |
Genre | : Business & Economics |
ISBN | : 1513547283 |
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This paper presents Liberia’s Request for Disbursement Under the Rapid Credit Facility. The economic impact of the pandemic is hitting the poorest with little social safety net, and food security of those relying on uncertain daily income is a pressing concern. The authorities have responded by taking revenue and expenditure measures to support emergency food aid for the poor; improving monitoring and control of spending; and safeguarding scarce foreign exchange reserves. Preliminary data suggest that performance under the Extended Credit Facility-supported program has been weak, though the authorities are fully committed to address the weaknesses. In order to address the shortage of Liberian dollars and the growing need for more US dollar liquidity, the authorities have contracted the printing of additional Liberian dollar bank notes and are formulating measures for inclusion in the FY2021 budget to augment US dollar liquidity.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2011-09-09 |
Genre | : Business & Economics |
ISBN | : 1463902921 |
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St. Lucia faces significant policy challenges in the aftermath of Hurricane Tomas. It is experiencing an urgent balance of payments need that would result in a severe economic disruption. The government is focused on achieving medium-term debt sustainability. The policies outlined tackle urgent rebuilding needs and appropriately aim to maintain macroeconomic stability. Executive Directors support the request for funds based on the extent of the damage caused, the associated urgent balance of payments need, and the government’s commitment to limit the increase in capital spending.
Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 90 |
Release | : 2018-10-04 |
Genre | : Business & Economics |
ISBN | : 1484380037 |
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The key objectives of the program are to restore macroeconomic and debt sustainability, address falling reserves, and increase growth. The new government, which took office in late May, has committed to fiscal consolidation and structural reform as key tools for macroeconomic adjustment.
Author | : Emile van der Does de Willebois |
Publisher | : World Bank Publications |
Total Pages | : 230 |
Release | : 2011-11-01 |
Genre | : Law |
ISBN | : 0821388967 |
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This report examines the use of these entities in nearly all cases of corruption. It builds upon case law, interviews with investigators, corporate registries and financial institutions and a 'mystery shopping' exercise to provide evidence of this criminal practice.
Author | : International Monetary Fund. Secretary's Department |
Publisher | : International Monetary Fund |
Total Pages | : 74 |
Release | : 2021-10-04 |
Genre | : Business & Economics |
ISBN | : 1513568817 |
Download International Monetary Fund Annual Report 2021 Book in PDF, ePub and Kindle
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 284 |
Release | : 2009 |
Genre | : Law |
ISBN | : 082137902X |
Download Stolen Asset Recovery Book in PDF, ePub and Kindle
This book is a first-of-its-kind, practice-based guide of 36 key concepts?legal, operational, and practical--that countries can use to develop non-conviction based (NCB) forfeiture legislation that will be effective in combating the development problem of corruption and recovering stolen assets.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 122 |
Release | : 2019-10-04 |
Genre | : Business & Economics |
ISBN | : 1513511726 |
Download International Monetary Fund Annual Report 2019 Financial Statements Book in PDF, ePub and Kindle
The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018