Daily Archives: June 9, 2010
Africa IMF Reports : Republic of Congo 2010
IMF reports for Republic of Congo 2010
Press Release
IMF Executive Board Completes Third Review Under the ECF Arrangement with the Republic of Congo and Approves US$1.78 Million Disbursement
http://www.imf.org/external/np/sec/pr/2010/pr10325.htmIMF Survey: Congo’s Debt Burden Lightened
The decision by the IMF and World bank to approve debt relief for the Republic of Congo, of $1.9 billion, has freed up badly-needed resources for health, education, and other social services
http://www.imf.org/external/pubs/ft/survey/so/2010/car032210a.htmCountry Report No. 10/77: Republic of Congo: Enhanced Heavily Indebted Poor Countries Initiative – Completion Point Document and Multilateral Debt Relief Initiative
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23735.0Country Report No. 10/68: Republic of Congo: Joint Advisory Note on the Poverty Reduction Strategy Paper – Annual Progress Report
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23708.0Country Report No. 10/69: Republic of Congo: Poverty Reduction Strategy Paper – Annual Progress Report
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23709.0Country Report No. 10/54: Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility – Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23658.0Country’s Policy Intentions Documents — Congo, Republic of: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 5, 2009
http://www.imf.org/External/NP/LOI/2009/cog/110509.pdfPress Release: IMF and World Bank Announce Debt Relief to the Republic of Congo
http://www.imf.org/external/np/sec/pr/2010/pr1020.htm
All information from http://www.imf.org
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Suggested Books (US)
Africa IMF Reports : Ethiopia 2010
Houses in Lalibela, Ethiopia
[Photo credit: mexikids under a Creative Commons license]
IMF Reports for Ethiopia 2010
Country Report No. 10/339: The Federal Democratic Republic of Ethiopia
Second Review of the Arrangement under the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24375.0Country’s Policy Intentions Documents — Ethiopia, The Federal Democratic Republic of
Letter of Intent, and Memorandum of Economic and Financial Policies, October 8, 2010
http://www.imf.org/External/NP/LOI/2010/eth/100810.pdfPress Release
IMF Executive Board Completes Second and Final Review Under Ethiopia’s ESF Arrangement and Approves US$62.67 Million Disbursement
http://www.imf.org/external/np/sec/pr/2010/pr10432.htmPress Release
IMF and Ethiopia Reach Staff-Level Agreement on Second Review Under the Exogenous Shocks Facility
http://www.imf.org/external/np/sec/pr/2010/pr10346.htmCountry’s Policy Intentions Documents — Ethiopia, The Federal Democratic Republic of
Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 28, 2010
http://www.imf.org/External/NP/LOI/2010/eth/042810.pdfCountry Report No. 10/175: Ethiopia: 2010
Article IV Consultation and First Review of the Arrangement under the Exogenous Shocks Facility – Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23984.0IMF Survey: For Sustained Growth, Ethiopia Needs to Promote Remonetization
Ethiopia has made progress in restoring economic stability in 2009, while maintaining strong growth, the IMF says in its regular review of the east African country’s economy. Ethiopia’s top short-term priority is to arrest a demonetization trend and promote financial deepening.
http://www.imf.org/external/pubs/ft/survey/so/2010/car062210a.htmPress Release
IMF Executive Board Completes First Review Under Ethiopia’s ESF Arrangement and Approves US$58.7 Million Disbursement
http://www.imf.org/external/np/sec/pr/2010/pr10238.htmPress Release
Statement at the Conclusion of an IMF Mission to Ethiopia
http://www.imf.org/external/np/sec/pr/2010/pr10108.htmPress Release
IMF Executive Board Approves US$50 Million Disbursement to the Federal Democratic Republic of Ethiopia Under the Exogenous Shocks Facility
http://www.imf.org/external/np/sec/pr/2009/pr0913.htm
All information from http://www.imf.org
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Book Suggestions
- A History of Ethiopia Updated Edition
- Ethiopia – Culture Smart!: The essential guide to customs & culture
- Ethiopia, 5th (Bradt Travel Guide Ethiopia)
- Ethiopian Amharic Phrasebook
Africa IMF Reports : Sudan 2010
Kurmuk Blue Nile Sudan
[Photo credit:sidelife under a Creative Commons license]
IMF reports for Sudan 2010
Press Release
World Bank and IMF Hold Joint Technical Workshop on Sudan’s Debt Issues
http://www.imf.org/external/np/sec/pr/2010/pr10487.htmIMF Policy Paper
Review of the Fund’s Strategy on Overdue Financial Obligations
Summary: This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due, and a decrease in Somalia’s arrears resulted from the full settlement of its overdue obligations to the SDR Department in the context of the general SDR allocation in August 2009.
Country Report No. 10/256: Sudan
Article IV Consultation – Staff Report; Debt Sustainability Analysis; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24118.0Public Information Notice
IMF Executive Board Concludes 2010 Article IV Consultation with Sudan
http://www.imf.org/external/np/sec/pn/2010/pn10102.htm
IMF Policy Paper: Review of the Fund’s Strategy on Overdue Financial Obligations
Summary: This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due, and a decrease in Somalia’s arrears resulted from the full settlement of its overdue obligations to the SDR Department in the context of the general SDR allocation in August 2009.
http://www.imf.org/external/pp/longres.aspx?id=4475Country Report No. 10/256: Sudan: Article IV Consultation – Staff Report; Debt Sustainability Analysis; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24118.0Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Sudan
http://www.imf.org/external/np/sec/pn/2010/pn10102.htmWorking Paper No. 10/79: Fiscal Adjustment in Sudan: Size, Speed and Composition
Author/Editor: Abbas, S. M. Ali ; Moriyama, Kenji ; Naseer, Abdul
Summary: The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan’s limited oil reserves. The permanently sustainable non-oil primary balance approach suggests the need for significant fiscal adjustment over the medium term, requiring a widening of the tax base. Cross-country comparisons highlight VAT and personal income tax (as well as tax administration) as key areas for reform. The paper also suggests the need for complementary expenditure-side measures in the areas of petroleum pricing and anchoring fiscal policy in non-oil indicators.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23749.0
All information from http://www.imf.org
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Suggested Books
- Contested Sudan: The Political Economy of War and Reconstruction (Durham Modern Middle East and Islamic World Series)
- The Benefits of Famine: A Political Economy of Famine & Relief in Southwestern Sudan, 1983-9 (Eastern African Studies)
- Sudan, 2nd (Bradt Travel Guide)
More books about Africa economy(US)
Africa IMF Reports : Gabon 2010
IMF reports for Gabon 2010
Press Release
Statement by an IMF Mission to Gabon
http://www.imf.org/external/np/sec/pr/2010/pr10449.htm
Press Release
Statement by IMF Staff Mission to Gabon
http://www.imf.org/external/np/sec/pr/2010/pr1090.htm
All information from http://www.imf.org
To view and print pdf files you need the free Adobe Acrobat Reader which is available at http://www.adobe.com/products/acrobat/readstep.html
Suggested Book
- Gabon, Sao Tome & Principe: The Bradt Travel Guide
- Africa and IMF Conditionality: The Unevenness of Compliance, 1983-2000 (African Studies)
Africa IMF Reports : Chad 2010
N'Djamena, Chad
[Photo credit: afcone under a Creative Commons license]
IMF Reports for Chad 2010
Country Report No. 10/231: Chad
Poverty Reduction Strategy Paper Joint Staff Advisory Note
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24074.0Country Report No. 10/230: Chad
Poverty Reduction Strategy Paper
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24073.0Country Report No. 10/196: Chad
2010 Article IV Consultation – Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chad
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24021.0Public Information Notice
IMF Executive Board Concludes 2010 Article IV Consultation with Chad
http://www.imf.org/external/np/sec/pn/2010/pn1077.htmPress Release
IMF Executive Board Reviews Chad’s Poverty Reduction Strategy
http://www.imf.org/external/np/sec/pr/2010/pr10248.htmPress Release
Statement at the Conclusion of an IMF Staff Mission to Chad
http://www.imf.org/external/np/sec/pr/2010/pr1094.htm
All information via http://www.imf.org. Reports will be added throughout the year as they are published
To view and print pdf files you need the free Adobe Acrobat Reader which is available at http://www.adobe.com/products/acrobat/readstep.html
Suggested Books (US)
- Challenges to the World Bank and IMF: Developing Country Perspectives (Anthem Studies in Development and Globalization)
- The IMF and Aid to Sub-Saharan Africa
Africa IMF Reports : South Africa 2010
IMF reports for South Africa 2010
Country Report No. 10/355: South Africa
Detailed Assessment of Implementation on IOSCO Principles-Securities Markets
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24485.0Country Report No. 10/352: South Africa
Report on the Observance of Standards and Codes on Banking Supervision, Insurance Supervision, and Securities’ Regulation
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24482.0Country Report No. 10/353: South Africa
Detailed Assessment of Compliance on Basel Core Principles for Effective Banking Supervision
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24483.0Country Report No. 10/354: South Africa
Detailed Assessment of Observance on the International Association of Insurance Supervisors’ Insurance Core Principles
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24484.0Transcript of G-24 Press Conference
http://www.imf.org/external/np/tr/2010/tr100710a.htmIMF Survey: Faster Growth to Boost Jobs Is South Africa’s Priority
Economic activity in South Africa is rebounding, although the pace of recovery remains moderate, IMF economists say. Absent a major change in the external environment, the nation’s recovery should continue, the economists add in their regular review of Africa’s biggest economy.
http://www.imf.org/external/pubs/ft/survey/so/2010/car092910c.htmCountry Report No. 10/296: South Africa: 2010
Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24232.0Public Information Notice
IMF Executive Board Concludes 2010 Article IV Consultation with South Africa
http://www.imf.org/external/np/sec/pn/2010/pn10132.htmWorking Paper No. 10/217: Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
Author/Editor: Aydin, Burcu
Summary: This paper analyzes the cyclical fluctuations in South Africa in a cross-country context, and studies the impact of the output gap by controlling for export intensity, the debt burden, asset prices, and banking crises. Results show that South Africa’s revenue performance was outstanding during the mid-2000s, and the recent decline in revenue was one of the least among the emerging and advanced markets. Results on the elasticity of tax revenue show that South Africa’s elasticity is higher during business upturns, indicating good prospects for recovering the revenue lost during the global financial crisis.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24229.0Working Paper No. 10/216: Cyclicality of Revenue and Structural Balances in South Africa
Author/Editor: Aydin, Burcu
Summary: This paper applies a disaggregated method for the calculation of the cyclical component of the budget balance for South Africa with an emphasis on the effect of commodity and asset prices, and credit cycle. Results show that the cyclicality of tax revenue is mostly explained by the variations in tax bases. Change in the credit to private sector also has some affect on the revenue performance; however, asset and commodity prices are not significant in explaining the deviation of revenue from its trend. Nonetheless, quantitative effects of these prices are subject to assumptions used for long-run price levels.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24228.0Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of His Visit to South Africa
http://www.imf.org/external/np/sec/pr/2010/pr1077.htm
All information from http://www.imf.org
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Suggested Book
Africa IMF Reports : Zambia 2010
Victoria Falls from the Zambia side
[Photo credit: Jaamzp under a Creative Commons license]
IMF Reports for Zambia 2010
Country Report No. 10/383: Zambia
Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, and Financing Assurances Review
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24537.0Country’s Policy Intentions Documents — Zambia
Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 24, 2010
http://www.imf.org/External/NP/LOI/2010/zmb/112410.pdfPress Release: IMF Executive Board Completes Fifth Review Under ECF Arrangement with Zambia and Approves US$28.3 Million Disbursement
http://www.imf.org/external/np/sec/pr/2010/pr10484.htmPress Release: Statement by the IMF Staff Mission at the Conclusion of a Visit to Zambia
http://www.imf.org/external/np/sec/pr/2010/pr10411.htmTranscript of a Press Conference by African Finance Ministers at the International Monetary Fund and World Bank Group Annual Meetings (includes Zambia)
http://www.imf.org/external/np/tr/2010/tr101010.htmPress Release: Statement by the IMF Staff Mission at the Conclusion of a Visit to Zambia
http://www.imf.org/external/np/sec/pr/2010/pr10341.htmCountry Report No. 10/208: Zambia – Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria, and Financing Assurances Review
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24039.0Country’s Policy Intentions Documents — Zambia: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 10, 2010
http://www.imf.org/External/NP/LOI/2010/zmb/061010.pdfPress Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of His Visit to Zambia
http://www.imf.org/external/np/sec/pr/2010/pr1081.htmPress Release: Statement by the IMF Staff Mission at the Conclusion of a Visit to Zambia
http://www.imf.org/external/np/sec/pr/2010/pr1069.htm
All information via http://www.imf.org. Reports will be added as they are published.
Suggested Books
- Exploring Youth Unemployment in a Re-structuredAfrican Economy: The Case of Zambia’s University Graduates
- Zambia, 4th (Bradt Travel Guide Zambia)
- Culture and Customs of Zambia (Culture and Customs of Africa)
- Legal Aspects of Combating Corruption: The Case of Zambia
Africa IMF Reports : Algeria 2010
Algeria
[Photo credit: Radio Nederland Wereldomroep under a Creative Commons license]
IMF reports for Algeria 2010
Exports key to MENA’s future success
http://www.imf.org/external/np/vc/2010/120210.htmPress Release: Statement of the 2010 IMF Article IV Consultation Mission with Algeria
http://www.imf.org/external/np/sec/pr/2010/pr10415.htmNatural Resources, Finance, and Development: Confronting Old and New Challenges
http://www.imf.org/external/np/speeches/2010/110410.htmPress Release: Statement by Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, on the Occasion of His Visit to Algeria
http://www.imf.org/external/np/sec/pr/2010/pr10410.htmCountry Report No. 10/57: Algeria: 2009 Article IV Consultation – Staff Report; and Public Information Notice
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23672.0Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Algeria
http://www.imf.org/external/np/sec/pn/2010/pn1029.htm
All information from http://www.imf.org
To view and print pdf files you need the free Adobe Acrobat Reader which is available at http://www.adobe.com/products/acrobat/readstep.html
Suggested Books (US)
Africa IMF Reports : Morocco 2010
Morocco, Essaouira
[Photo credit: Mait Jüriado under a Creative Commons license]
IMF Reports for Morocco 2010
Exports key to MENA’s future success
http://www.imf.org/external/np/vc/2010/120210.htm
Working Paper No. 10/238: Spillovers from Europe into Morocco and Tunisia
Author/Editor: De Bock, Reinout ; Florea, Daniel ; Toujas-Bernate, JoÄ—l
Summary: This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports these results.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=24294.0
Country Report No. 10/58: Morocco
2009 Article IV Consultation – Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23673.0
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Morocco
http://www.imf.org/external/np/sec/pn/2010/pn1019.htm
All information from http://www.imf.org
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Suggested Books
- Africa and IMF Conditionality: The Unevenness of Compliance, 1983-2000 (African Studies)
- Morocco (Country Guide)
Africa IMF Reports : Optimal Adherence to Money Targets in a New-Keynesian Framework
Working Paper No. 10/134: On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries
Author/Editor: Berg, Andrew; Portillo, Rafael; Unsal, D. Filiz
Summary: Many low-income countries continue to describe their monetary policy framework in terms of targets on monetary aggregates. This contrasts with most modern discussions of monetary policy, and with most practice. We extend the new-Keynesian model to provide a role for “M” in the conduct of monetary policy, and examine the conditions under which some adherence to money targets is optimal. In the spirit of Poole (1970), this role is based on the incompleteness of information available to the central bank, a pervasive issues in these countries. Ex-ante announcements/forecasts for money growth are consistent with a Taylor rule for the relevant short-term interest rate. Ex-post, the policy maker must choose his relative adherence to interest rate and money growth targets. Drawing on the method in Svensson and Woodford (2004), we show that the optimal adherence to ex-ante targets is equivalent to a signal extraction problem where the central bank uses the money market information to update its estimate of the state of the economy. We estimate the model, using Bayesian methods, for Tanzania, Uganda (both de jure money targeters), and Ghana (a de jure inflation targeter), and compare the de facto adherence to targets with the optimal use of money market information in each country.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=23928.0