Tuvalu 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Tuvalu

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 95 pages
File Size : 48,5 Mb
Release : 2021-08-04
Category : Business & Economics
ISBN : 9781513591476

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Tuvalu: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Swift implementation of containment measures, limited spillovers from tourism, and COVID-related fiscal spending financed by buoyant fishing revenues and donor grants have allowed Tuvalu—a fragile Pacific micro-state—avoid a recession in 2020. The economy is expected to expand by 2.5 percent in 2021, supported by fiscal expenditures and resumption of infrastructure projects. But significant challenges remain: Tuvalu is vulnerable to the effects of climate change, its economy is dominated by the public sector, and its revenue base is narrow. Uncertainty around donor commitments complicates fiscal planning.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 81 pages
File Size : 48,9 Mb
Release : 2023-07-21
Category : Business & Economics
ISBN : 9798400250491

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Tuvalu by International Monetary Fund. Asia and Pacific Dept Pdf

The 2023 Article IV Consultation discusses that a successful vaccination strategy allowed Tuvalu to lift coronavirus disease (COVID) containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real gross domestic product growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Growth is expected to accelerate as the lifting of COVID restrictions leads to the resumption of construction activity, shipping bottlenecks ease and the trade and hospitality sectors recover. Tuvalu is among the countries most vulnerable to the effects of climate change; its remote economy is dominated by the public sector; and its revenue base is narrow, with reliance on donor commitments further complicating fiscal planning. The economic setback due to the pandemic makes addressing these significant structural challenges more difficult. The report recommends promoting fiscal sustainability and building buffers by mobilizing revenues and rationalizing current expenditures.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 65 pages
File Size : 46,5 Mb
Release : 2018-07-05
Category : Business & Economics
ISBN : 9781484366264

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Tuvalu by International Monetary Fund. Asia and Pacific Dept Pdf

Tuvalu is a fragile micro state. The country’s remoteness, narrow production base, and weak banking sector constrain private sector activity, leaving public expenditure as the main source of growth. The DSA finds that Tuvalu remains at high risk of debt distress.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 67 pages
File Size : 48,9 Mb
Release : 2016-10-04
Category : Business & Economics
ISBN : 9781475543926

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Tuvalu by International Monetary Fund. Asia and Pacific Dept Pdf

Tuvalu is a fragile micro-state facing tremendous challenges from its remoteness, lack of scale economies, weak institutional capacity, and above all, climate change, which threatens the country’s very existence. Thanks to buoyant fishing licensing fees and grants, Tuvalu has accumulated fiscal buffers in recent years, but it is now incurring significant costs rebuilding after the devastating Cyclone Pam in March 2015. Looking ahead, Tuvalu faces substantial long-run costs in improving its infrastructure to mitigate the effects of climate change.

Author : International Monetary,International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 95 pages
File Size : 43,6 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513573175

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Turkey: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey by International Monetary,International Monetary Fund. European Dept. Pdf

In Turkey, as in other countries, the human and economic toll of the COVID-19 pandemic has been severe. Thousands of lives have been tragically lost and many livelihoods compromised. The initial policy response to the pandemic—and subsequent sharp growth rebound—set Turkey apart from its peers. Rapid monetary and credit expansion and large liquidity support meant that Turkey was among the few countries to experience positive economic growth in 2020. But these policies also aggravated pre-existing economic and financial vulnerabilities. Higher inflation, increased dollarization, and a large shift in the current account position increased pressure on the lira and gave rise to heavy foreign exchange sales, which led in turn to steep reserve declines from already-low levels. A policy shift in late 2020—mainly towards tighter and more transparent monetary policy and slower credit growth—was both welcome and necessary. But the durability and depth of the shift were called into question in March 2021, following the change in central bank leadership, as the lira weakened markedly and interest rate spreads widened.

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 84 pages
File Size : 54,8 Mb
Release : 2021-12-06
Category : Business & Economics
ISBN : 9781616355081

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Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020. Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers. Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 69 pages
File Size : 49,6 Mb
Release : 2021-06-28
Category : Business & Economics
ISBN : 9781513588582

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Mauritius: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius by International Monetary,International Monetary Fund. African Dept. Pdf

Economic Impact of the Pandemic and Policy Responses. Mauritius has been successful in containing the COVID-19 pandemic thanks to strict health measures but the halt in tourism has significantly affected its tourism-dependent economy. A comprehensive set of stimulus measures to mitigate the economic impact of the pandemic, including a wage subsidy and income support for the self-employed, have provided support to firms and households.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 40,8 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 147551672X

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Mauritius by Anonim Pdf

Author : International Monetary,International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 84 pages
File Size : 52,7 Mb
Release : 2021-09-21
Category : Business & Economics
ISBN : 9781513597751

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Georgia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia by International Monetary,International Monetary Fund. Middle East and Central Asia Dept. Pdf

High frequency estimates suggest a V-shaped recovery with output now poised to return close to 2019 levels already this year, much earlier than expected. Recently COVID-19 case numbers have risen sharply to new highs while vaccinations have also accelerated significantly after a slow start. The recovery has improved the fiscal outlook and the authorities submitted to Parliament a supplementary budget, with GEL 1.2 billion in additional spending roughly equivalent to the expected increase in revenues. The National Bank of Georgia (NBG) has increased the policy rate by 200 basis points to deal with high inflation driven by lagging effects of depreciation, commodity and food price increases, and supply side constraints.

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 111 pages
File Size : 48,8 Mb
Release : 2021-07-06
Category : Business & Economics
ISBN : 9781513587790

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Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea by International Monetary,International Monetary Fund. African Dept. Pdf

While the non-mining sector was severely impacted by the COVID-19 crisis, overall growth in Guinea remains strong, reaching 7 percent in 2020, driven by booming mining production. Inflation exceeded 12 percent as a result of COVID-related supply disruptions and the ongoing monetary and fiscal response. The already weak social indicators have deteriorated further.

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 83 pages
File Size : 54,6 Mb
Release : 2021-07-16
Category : Business & Economics
ISBN : 9781513586038

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Singapore: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing longer-term challenges. The economy has been severely impacted by the pandemic, but a bold, comprehensive, and coordinated policy package has helped cushion the economic fallout. Following a record contraction in the first half of 2020, activity has rebounded, and growth is projected to strengthen to 6 percent in 2021, underpinned by a recovery in domestic demand and a positive contribution from net exports. The uncertainty surrounding the outlook is larger than usual.

Author : International Monetary,International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 87 pages
File Size : 47,9 Mb
Release : 2021-12-02
Category : Business & Economics
ISBN : 9781616357948

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Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria by International Monetary,International Monetary Fund. Middle East and Central Asia Dept. Pdf

The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities’ response helped mitigate the social and economic impact of the crisis. Nevertheless, the crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model. A recovery is underway in 2021, but the outlook remains challenging. While the recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints, addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population.

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 91 pages
File Size : 51,8 Mb
Release : 2021-07-23
Category : Business & Economics
ISBN : 9781513590066

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Ghana: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ghana by International Monetary,International Monetary Fund. African Dept. Pdf

Ghana has been hit hard by the pandemic. The government’s proactive response helped contain the spread of COVID-19, protecting lives and limiting the impact on economic activity. However, partly because of the pandemic, the fiscal position worsened considerably last year, with a sharp increase in public sector debt.

Author : International Monetary,International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 97 pages
File Size : 52,8 Mb
Release : 2021-12-23
Category : Business & Economics
ISBN : 9781616355715

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Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria by International Monetary,International Monetary Fund. Middle East and Central Asia Dept. Pdf

The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities’ response helped mitigate the social and economic impact of the crisis. Nevertheless, the crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model. A recovery is underway in 2021, but the outlook remains challenging. While the recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints, addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 43,9 Mb
Release : 2024-06-29
Category : Electronic
ISBN : OCLC:1323228681

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Algeria by Anonim Pdf