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2001 (5)

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Book
Republic of Armenia : Recent Economic Developments and Selected Issues.
Authors: ---
ISBN: 1462367674 1452772746 1280977043 1452785236 9786613748652 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This report provides an overview of the recent economic developments in Armenia by analyzing its output growth, prices, wages, employment, public finances and social safety net, monetary and exchange rate developments, balance of payments, external debt developments, and exchange and trade system. The study evaluates the tax system reforms; outlines the present structure of the energy and other major quasi-fiscal sectors, and reviews the causes of the financial imbalances. The appendix provides a characterization of the publicly-owned utility providers that contribute to the financial problems of the energy sector.


Book
Mongolia : Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility.
Authors: ---
ISBN: 1455286346 1452766827 1280979593 1452780064 9786613751201 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Mongolia has made great strides in fostering a market economy and promoting macroeconomic stability under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors welcomed this step, and stressed the need to improve economic governance, fiscal and monetary policies, and accelerate structural reforms. They appreciated the fiscal transparency and accountability, realistic budgeting, better treasury management, and the privatization and energy sector reform. They agreed that the government's reform program merits the support of the international community, and approved the request for a three-year arrangement under the PRGF.


Book
IMF Survey, Volume 30, Issue 16.
Authors: ---
ISBN: 1462382452 1455212482 1283533510 9786613845962 1455266892 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

The IMF Executive Board announced on August 3 that it had completed the ninth review of Turkey’s economic program supported by the three-year Stand-By Arrangement. The Board’s decision will enable Turkey to draw SDR 1.2 billion (about $1.5 billion) immediately from the IMF. The text of News Brief No. 01/73, as well as a statement issued on July 28 by IMF First Deputy Managing Director Stanley Fischer (see page 262) is available on the IMF’s website (www.imf.org).


Book
Romania : Request for a Stand-By Arrangement.
Authors: ---
ISBN: 1455246964 1452761817 1283559587 9786613872036 1452778019 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Romania showed progress in stabilization and reform, facilitated by substantial fiscal and external adjustments, under the Stand-By Arrangement. Executive Directors commended these developments, and emphasized the need to improve fiscal and monetary policies, and accelerate structural reforms. Directors appreciated the authorities' commitment to accelerate European Union accession, and stressed the need for fiscal consolidation, financial discipline in state-owned enterprises, and rapid privatization for reducing inflation and protecting external sustainability. They urged the authorities for the full implementation of the economic program, and approved a Stand-By Arrangement.


Book
Trinidad and Tobago : 2001 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Trinidad and Tobago.
Authors: ---
ISBN: 1462379559 1452790302 1283558084 9786613870537 1452726531 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Trinidad and Tobago showed strong economic performance. Executive Directors welcomed this development, and emphasized the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciated the proposals to include the state energy companies in the list of government assets, and noted the restructuring of the sugar sector. They mentioned Trinidad and Tobago's growing importance as a regional financial center, and commended the supervision of the financial system in line with international standards, and the good quality of statistics.

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