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This paper analyzes the effectiveness of technical assistance provided by AFRITAC West (AFW) in the area of national accounts using the Fund's Technical Assistance Information Management System (TAIMS). The challenge has been to report on "ultimate outcomes" (i.e., the production and dissemination of national accounts statistics along best international practices) rather than on "inputs" (i.e., the number of national accounts missions fielded by AFW), as it has been the case to date. The paper concludes that the "ultimate outcome" of producing and disseminating robust national accounts is work in progress, with AFW's technical assistance efforts mainly focusing on source data assessments and methodological issues underpinning the compilation of national accounts. The pending challenge is to further support a more timely production and dissemination of national accounts data, as recommended in the Data ROSCs and by the IMF mission teams to AFW member countries.

Macroeconomics --- Statistics --- Data Processing --- Data Transmission Systems --- Databases --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- Data capture & analysis --- National accounts --- Data dissemination --- Data Quality Assessment Framework (DQAF) --- Data processing --- Data collection --- National income --- Data transmission systems --- Economic statistics --- Electronic data processing --- Senegal

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This paper discusses the nature of Angola's disinflation strategy in recent years, with special emphasis on the most recent efforts by the Angolan authorities to stabilize the economy. Looking to the past, the paper stresses the costs of the disinflation strategy, as measured by the central bank sizable foreign exchange intervention and the increase in Angola's external liabilities that unfolded in the process. The paper also notes that non-oil fiscal deficits have remained very large. Looking to the future, the paper stresses the pressing need to reduce demand pressures stemming from sizable government spending on wages and salaries, goods and services, subsidies, and other current transfers to the economy. The prescribed fiscal consolidation effort is viewed as critical to curtail the non-oil fiscal deficit, reduce inflation expectations on a lasting basis, and avoid further foreign borrowing on commercial terms, including loans collateralized by future oil revenues.

Foreign exchange rates --- Economic stabilization --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Rates --- Angola --- Anghūlā --- Colónia de Angola (Portugal) --- Estado de Angola (Portugal) --- Narodnai︠a︡ Respublika Angoly --- People's Republic of Angola --- Portugiesisch Westafrika --- Portuguese West Africa --- Province d'Angola (Portugal) --- Província de Angola (Portugal) --- R.P.A. --- Republic of Angola --- República de Angola --- República Popular de Angola --- République populaire d'Angola --- RPA --- Volksrepublik Angola --- Angola (Revolutionary government in exile, 1962-1975) --- Economic policy. --- Foreign Exchange --- Inflation --- Macroeconomics --- Public Finance --- Price Level --- Deflation --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- Public finance & taxation --- Currency --- Government debt management --- Fiscal consolidation --- Fiscal policy --- Prices --- Debts, Public

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Spain's participation in European integration has strengthened its policymaking credibility and created an enviroment conducive to sustainable economic growth. Over the last decade, Spain has seen improvements in inflation, output, employment, and its balance of payments, and it has substantially reformed its product, labor, and financial markets. This paper reviews Spain's past economic performance and sees good prospects for further rises in living standards.

Economic conditions. Economic development --- International finance --- Spain --- European Economic Community --- Economic conditions --- Economic policy --- European Union --- 338.22 <460> --- 338 <460> --- 339.92 --- 338 --- (460) --- $?$93/07 --- ce --- espagne --- marche unique --- plan de convergence --- politique economique --- AA* / International - Internationaal --- ES / Spain - Spanje - Espagne --- 331.31 --- 334.151.20 --- 331.30 --- 331.33 --- 331.32 --- Economische organisatieleer. Economisch beleid. Economische politiek--Spanje --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Spanje --- Economische samenwerking en integratie. Tolunie --- eg --- spanje --- eenheidsmarkt --- convergentieplan --- economisch beleid --- Economisch beleid. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Economische toestand. --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. --- Structuur van de economie. --- -Economic policy. --- Working papers --- 339.92 Economische samenwerking en integratie. Tolunie --- 338 <460> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Spanje --- 338.22 <460> Economische organisatieleer. Economisch beleid. Economische politiek--Spanje --- Espanja --- Spanien --- Hiszpania --- Spanish State --- España --- Estado Español --- Espagne --- Hispania --- Sefarad --- Sepharad --- Shpanye --- Shpanie --- Reino de España --- Kingdom of Spain --- Reino d'Espanya --- Reinu d'España --- Espainiako Erresuma --- Regne d'Espanya --- Reiaume d'Espanha --- Espanya --- Espanha --- スペイン --- Supein --- イスパニア --- Isupania --- Economische toestand --- Economisch beleid --- Structuur van de economie --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- CEE --- Evropeĭskiĭ Soi︠u︡z --- C.E.E. --- Communauté économique européenne --- Comunidad Económica Europea --- Comunità economica europea --- EEC --- EC --- Europäische Wirtschaftsgemeinschaft --- Europejska Wspólnota Gospodarcza --- Europese Economische Gemeenschap --- Európai Gazdasági Közösség --- EHS --- Kurapʻa Kyŏngje Kongdongchʻe --- Kurapʻa Kongdong Sijang --- EEG --- Evropeĭska ikonomicheska obshtnost --- Evropské hospodářské spolecenstvi --- Comunidade Económica Europeia --- EWG --- Europæiske økonomiske fællesskab --- EØF --- Koinē Agora --- EOK --- MCE --- Mercado Común Europeo --- Europeiske økonomiske fellesskap --- Evropeĭskoe ėkonomicheskoe soobshchestvo --- MEC --- Evropska ekonomska zaednica --- EZZ --- Common Market --- Marché commun --- EĖS --- Avrupa Ekonomik Topluluğu --- AET --- Müşterek Pazar --- Ortak Pazar --- Sūq al-Ūrūbbīyah al-Mushtarakah --- Mercado Comum --- Europaikē Oikonomikē Koinotēta --- Evropska gospodarska skupnost --- Mercato comune --- EEZ --- Evropska ekonomska zajednica --- Euroopan Yhteisö --- EY --- EIO --- Shuḳ ha-Eropi ha-meʼuḥad --- Suq Komuni --- Eurōpaïkē Koinotēta --- Comunidade Européia --- Mercado Comum Europeau --- Unia Europejska --- Koinotēta --- E.G. --- קהילה האירופית --- קהילייה האירופאית --- שוק הארופאי המשותף --- Evropeisku Félagsmarknaðin --- EF --- Economic policy. --- Spain - Economic conditions - 1975 --- -Spain - Economic policy --- CEE (European Economic Community) --- C.E.E. (European Economic Community) --- EEC (European Economic Community) --- Banks and Banking --- Inflation --- Macroeconomics --- Public Finance --- Taxation --- Exports and Imports --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Price Level --- Deflation --- International Investment --- Long-term Capital Movements --- Public finance & taxation --- Banking --- Currency --- Foreign exchange --- Labour --- income economics --- International economics --- Income and capital gains taxes --- Revenue administration --- Income tax systems --- Commercial banks --- Financial institutions --- Taxes --- Total expenditures --- Expenditure --- Banks and banking --- Income tax --- Expenditures, Public --- Prices --- Revenue --- Capital movements

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This paper summarizes the IMF advice on the ruble area as it was presented to the national authorities in Russia, the Baltic countries, and other states of the former Soviet Union in 1991-93. In the course of doing so, the paper corrects some misperceptions that have arisen about the IMF's role. The evidence presented in the paper suggests that (i) the balance of arguments on the ruble area (and national currencies) changed over time, and hence so did the IMF's advice, and (ii) from the beginning, the IMF staff concentrated on pointing out the pros and cons of alternative monetary arrangements, without strongly advocating a particular one, emphasizing that it was the authorities' decision to stay in or leave the ruble area. Fund advice on how to introduce national currencies was made readily available to the various national authorities as early as January 1992.

Banks and Banking --- Exports and Imports --- Money and Monetary Policy --- Monetary Policy --- International Monetary Arrangements and Institutions --- International Policy Coordination and Transmission --- Socialist Systems and Transitional Economies: National Income, Product, and Expenditure --- Money --- Inflation --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Aspects of Economic Integration --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International Lending and Debt Problems --- Monetary economics --- Banking --- International economics --- Currencies --- Monetary unions --- Currency reform --- Credit --- Economic integration --- Correspondent banking --- Financial services --- Banks and banking --- Correspondent banks --- Russian Federation

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This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-sectoral linkages and institutional pre-conditions for local content promotion. Based on an Input-Output description of the economy, we quantify the consistency between the prospective oil sector development and the growth of other sectors of the economy. We also assess a number of sectoral policies and "niche" activities within the oil industry that would maximize the local benefits from oil exploration.

Investments: Energy --- Exports and Imports --- Agribusiness --- Industries: Energy --- Nonrenewable Resources and Conservation: General --- Energy: General --- Macroeconomics: Production --- Trade: General --- Agriculture: General --- Petroleum, oil & gas industries --- Investment & securities --- International economics --- Agricultural economics --- Oil sector --- Oil --- Oil production --- Oil exports --- Agricultural sector --- Petroleum industry and trade --- Exports --- Agricultural industries --- São Tomé and Príncipe, Democratic Republic of