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One of the objectives of a GFDRR funded project in Armenia (Institutional Arrangements on Disaster Risk Management and Reduction) is awareness building among the decision makers, professional engineering and construction community, and local self-governments on the modern, anti-seismic technologies successfully developed and implemented in Armenia. To raise awareness on the seismic isolation technology it was decided to first evaluate the functioning of all seismic isolation systems in the already constructed buildings in Armenia. Then based on the carried out observations to analyze the results, to draw lessons from the findings and to present the conclusions and recommendations to the wider engineering and construction community, as well as to the decision makers in the construction industry. For that purpose monitoring and evaluation of the technical conditions of the seismic isolation systems in the buildings which were seismically isolated for more than a decade ago was carried out. This initiative was very useful, as it helped to answer to the frequently asked questions and concerns on the sustainability and effectiveness of the technology, of the seismic isolators. It also helped to draw lessons and recommend solutions for improving their construction and maintenance practices.
Appliances --- Earthquakes --- Engineering --- Environment --- Flexibility --- Natural Disaster Management --- Natural Disasters --- Precipitation --- Quality Control --- Science and Technology Development --- Social Protection and Risk Management --- Urban Development --- Urban Housing
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This report documents the activities and findings the legislative and regulatory advisor during his visits made between 19th October and 17th November 2009 to the Ministry of energy of the Republic of Ghana. The purpose of the visits was to meet the officials of the Ministry of energy in Accra and obtain a first-hand brief of the requirements of the Ministry for their review of their draft legislative and regulatory documents for the Ghana oil and gas industry. In June 2007, Ghana discovered commercial quantities of light crude oil with significant amount of associated natural gas in its offshore area. The discovered oil and gas lies in the Jubilee Field, which straddles the offshore Deepwater Tano and the Deepwater West Cape three Points Block, and is located some 50 kilometres from the Ghanaian coast in water depths of between 1020 to 1720 metres. Associated gas is reported to have been tested at a gas-to-oil ratio of 1,058 standard cubic feet per barrel of oil. Oil production of 120,000 barrels per day would therefore provide produced associated gas production of about 127 million standard cubic feet per day. To optimise the benefit of having indigenous supplies of oil and gas, the Government of Ghana now has to effect an administrative and management transition with respect to its petroleum industry. It has to move from simply encouraging investment in exploration to that of managing petroleum production, the enormous values arising from such, and the wise utilisation of the produced oil and gas to drive economic development.
Electricity --- Employment --- Energy --- Energy and Poverty Alleviation --- Energy Policies & Economics --- Energy Policy --- Energy Production and Transportation --- Energy Sector Regulation --- Environment and Natural Resources Management --- Flexibility --- Income Tax --- Insurance --- Natural Gas --- Natural Resources --- Oil & Gas --- Other Environment and Natural Resources Management --- Other Public Sector Governance --- Petroleum Products --- Petroleum Sector --- Power Generation --- Private Sector --- Public Sector Governance --- Transport
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This paper discusses key findings of the two-year Stand-By-Arrangement for Ukraine under the Emergency Financing Mechanism. Output growth is turning negative on the back of a large terms-of-trade shock and the ongoing credit crunch. The deterioration of the economic and financial situation is contributing to an increase in program implementation risks. Policy implementation is in line with the program. The authorities have introduced a flexible exchange rate regime, tightened monetary policy, and have taken measures to contain the 2008 government deficit.
Finance. --- International Monetary Fund. --- Banks and Banking --- Foreign Exchange --- Money and Monetary Policy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Development Planning and Policy: Trade Policy --- Factor Movement --- Foreign Exchange Policy --- Currency --- Foreign exchange --- Banking --- Monetary economics --- Exchange rate flexibility --- Exchange rates --- Bank deposits --- Exchange rate arrangements --- Currencies --- Money --- Exchange rate policy --- Banks and banking --- Ukraine
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We provide one of the first attempts at explaining the differences in the crisis impact across developing countries and emerging markets. Using cross-country regressions to explain the factors driving growth forecast revisions after the eruption of the global crisis, we find that a small set of variables explain a large share of the variation in growth revisions. Countries with more leveraged domestic financial systems and more rapid credit growth tended to suffer larger downward revisions to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing goods more affected than those exporting food. Exchange-rate flexibility clearly helped in buffering the impact of the shock. There is also some -weaker-evidence that countries with a stronger fiscal position prior to the crisis were hit less severely. We find little evidence for the importance of other policy variables.
Business & Economics --- Economic Theory --- Financial crises. --- Global Financial Crisis, 2008-2009. --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Financial crises --- Crises --- Exports and Imports --- Finance: General --- Foreign Exchange --- Money and Monetary Policy --- General Financial Markets: General (includes Measurement and Data) --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Trade: General --- Currency --- Foreign exchange --- Finance --- Monetary economics --- International economics --- Emerging and frontier financial markets --- Exchange rate flexibility --- Credit --- Exchange rates --- Exports --- Financial services industry
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This 2009 Article IV Consultation highlights that the fiscal deficit in Georgia widened markedly in 2008. The composition of spending improved from high defense and election outlays in the first half of the year to infrastructure and social spending in the second half. Executive Directors have observed that the Georgian economy has been seriously affected by the August 2008 armed conflict, and now by the global downturn. Directors have supported the authorities’ plans to contain the economic slowdown through a donor-financed fiscal stimulus and a reorientation of expenditures.
Banks and Banking --- Exports and Imports --- Finance: General --- Foreign Exchange --- Public Finance --- Money and Monetary Policy --- Macroeconomics --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Current Account Adjustment --- Short-term Capital Movements --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Banking --- International economics --- Currency --- Foreign exchange --- Public finance & taxation --- Monetary economics --- Current account deficits --- Exchange rate flexibility --- External debt --- Balance of payments --- Credit --- Money --- Banks and banking --- Debts, External --- Finance, Public --- Georgia
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Ukraine’s economic downturn has been sharper than originally envisaged, mostly reflecting the deterioration of the external environment. The staff report examines Ukraine’s first review under the Stand-By Arrangement, requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement. A flexible exchange rate policy, supported by base money targets and a transparent intervention strategy, remains a key component of the program. Given balance sheet effects associated with unhedged foreign currency borrowing, the central bank stands ready to take action to avoid excessive exchange rate depreciation.
International finance. --- International Monetary Fund. --- International monetary system --- International money --- Finance --- International economic relations --- Banks and Banking --- Exports and Imports --- Finance: General --- Foreign Exchange --- Public Finance --- Money and Monetary Policy --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Trade Policy --- International Trade Organizations --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Currency --- Foreign exchange --- International economics --- Public finance & taxation --- Banking --- Monetary economics --- External debt --- Public debt --- Exchange rates --- Exchange rate flexibility --- Currencies --- Money --- Debts, External --- Debts, Public --- Banks and banking --- Import quotas --- Ukraine
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Adaptability is becoming a hallmark of effective performance at all levels and types of organizations. As complexity rises within the internal and external environments that organizations operate within it is no longer acceptable to be able to perform well when things go as expected; instead individuals, teams, and organizations must be able to continuously adapt their knowledge and skills in order to remain competitive in environments which are fluid, often ambiguous, and where multiple pathways to goal attainment exist. Thus, this volume takes a multi-disciplinary approach to increasing our understanding of adaptability within complex environments by integrating cutting-edge work done by experts in the field and compiling it in one volume. Specifically, the volume takes a systems approach in that chapters describe the manifestation and antecedents of adaptability at individual, team, and organizational levels. In addition, the volume presents work on the importance of cultural adaptability, visualization requirements, measurement approaches, training strategies, and selection for adaptive performance.
Organizational effectiveness. --- Adaptability (Psychology) --- Psychology, Industrial. --- Teams in the workplace. --- Organizational change. --- Change, Organizational --- Organization development --- Organizational development --- Organizational innovation --- Management --- Organization --- Manpower planning --- Groups, Work --- Team building in the workplace --- Team work in the workplace --- Teambuilding in the workplace --- Teams, Work --- Teamwork in the workplace --- Work groups --- Work teams --- Social groups --- Work environment --- Business psychology --- Industrial psychology --- Psychotechnics --- Industrial engineering --- Personnel management --- Psychology, Applied --- Industrial psychologists --- Adaptation (Psychology) --- Adaptive behavior --- Flexibility (Psychology) --- Malleability (Psychology) --- Personality --- Adjustment (Psychology) --- Psychology --- Occupational & industrial psychology. --- Human engineering. --- Cognitive science. --- Human-machine systems. --- Industrial & Organizational Psychology. --- Experimental Psychology. --- Human operators (Systems engineering) --- Human subsystems (Systems engineering) --- Man-machine control systems --- Man-machine systems --- Operator-machine systems --- Engineering systems --- Human engineering --- Science --- Philosophy of mind --- Ergonomics --- Human factors in engineering design --- Bioengineering --- Environmental engineering --- Human comfort --- Human-robot interaction
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