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Préface. À la demande du ministère des finances du Mali, une mission d'assistance technique a séjourné à Bamako du 12 au 21 août 2013. Son objet était d'identifier les problèmes et solutions à prendre en considération lors de l'adoption d'un mécanisme de tarification automatique des prix des produits pétroliers. La mission était dirigée par M. Mark De Broeck et comprenait également M. Kangni Roland Kpodar (tous les deux du Département des finances publiques du FMI). La mission a rencontré M. Mamadou Traoré, Ministre de l’économie et de l’action humanitaire, M. Abdel Karim Konaté, Ministre des finances, M. Makan Tounkara, Ministre de l’énergie et de l’eau, M. Ibrahima Dansako, Directeur général adjoint de l’ONAP, M. Moumouni Dembélé, Directeur général des douanes, et M. Mahamadou Lamine Samaké, Directeur général adjoint à la Direction générale des impôts au Ministère des finances. La mission a également rencontré les parties concernées par les questions de tarification des produits pétroliers représentées au sein de la commission de suivi des prix des produits pétroliers, y compris des représentants des associations de défenses des consommateurs, des sociétés pétrolières nationales et internationales, des associations de transporteurs et des sociétés minières. Les conclusions de la mission ont fait l’objet de discussions avec les services de la Banque mondiale. La mission remercie tous ses interlocuteurs de leur coopération et des entretiens fructueux. La mission tient également à exprimer ses remerciements sincères pour l’excellence de leur collaboration, de leur soutien et de leur appui logistique, les services de l’ONAP et, en particulier les responsables du Ministère de l’économie et des finances, surtout M. Modibo Diall, Chef du Département des statistiques et de l’administration, et principal interlocuteur de la l’équipe du FMI. En outre, la mission exprime sa profonde gratitude à la représentation résidente du FMI. M. Op de Beke, le représentant résident, et M. Bakary Traoré, l’économiste du bureau, ont contribué de manière exceptionnelle à l’organisation de la mission à brève échéance et ont prodigué de précieux conseils sur le travail de la mission. Mme Nafissatou Koné, l’assistante administrative, a apporté à l’équipe un excellent appui.

Deflation --- Energy: Demand and Supply --- Fuel prices --- Import prices --- Imports --- Inflation --- Macroeconomics --- Price adjustments --- Price Level --- Price structures --- Prices --- Mali

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Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is further established that convergence toward international relative and absolute price levels is far from complete, and that geographical price dispersion within Russia has declined since early 1992 but remains fairly high.

Inflation --- Macroeconomics --- Price Level --- Deflation --- Socialist Systems and Transitional Economies: Prices --- Other Production and Pricing Analysis --- Agriculture: Aggregate Supply and Demand Analysis --- Prices --- Consumer price indexes --- Consumer prices --- Food prices --- Price structures --- Price indexes --- Russian Federation

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The paper assesses inflation risks resulting from the convergence of structures of relative prices in Central and Eastern European (CEE) countries toward the European Union (EU). The basic idea of the paper is that under low downward flexibility of domestic nominal prices, the adjustment of relative price structures is likely to lead to higher inflation. The authors find that the degree of differences in the structures of relative prices in transition economies vis-à-vis EU economies has a strong negative relationship to price levels in the transition economies. Based on their calculations, the authors assess the likely future inflationary pressures that can stem from the remaining differences between the structures of relative prices in the CEE economies and the EU. The authors argue that their approach can be thought of as an extension of the standard Balassa-Samuelson explanation of international variability in price levels.

Investments: Commodities --- Inflation --- Macroeconomics --- Price Level --- Deflation --- Monetary Policy --- Central Banks and Their Policies --- Economic Integration --- Socialist Systems and Transitional Economies: Prices --- Commodity Markets --- Macroeconomics: Consumption --- Saving --- Wealth --- Investment & securities --- Price adjustments --- Price structures --- Commodities --- Consumption --- Prices --- National accounts --- Commercial products --- Economics --- Czech Republic

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This paper discusses issues related to the sequencing of the reforms that are necessary to transform the economies in Eastern Europe into market economies. It is first argued that the transition path of these economies will be smoother and less costly if a clear statement of the ultimate goals of the reforms is made at the outset. Interdependence between different aspects of the reforms implies that an appropriate strategy is to move on a broad front from the very beginning of the transformation process dealing simultaneously with macroeconomic stabilization, price reforms and convertibility, and privatization of state enterprises. It is also argued that a rapid reform process is preferable to a gradual one.

Aggregate Factor Income Distribution --- Civil service & public sector --- Comparison of Public and Private Enterprises and Nonprofit Institutions --- Contracting Out --- Deflation --- Economic sectors --- Finance, Public --- Government business enterprises --- Income distribution --- Inflation --- Macroeconomics --- National accounts --- Nationalization --- Nonprofit Organizations and Public Enterprise: General --- Price Level --- Price structures --- Prices --- Privatization --- Public Enterprises --- Public enterprises --- Public ownership --- Public sector --- Public-Private Enterprises --- Poland, Republic of

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The report contributes to discussions on fuel subsidy reform and implementation of an automatic pricing mechanism, and discuss supporting measures including strengthening of the social safety net.

Money and Monetary Policy --- International Economics --- Macroeconomics --- Public Finance --- Inflation --- Monetary Policy --- International Agreements and Observance --- International Organizations --- Energy: Demand and Supply --- Prices --- Price Level --- Deflation --- Monetary economics --- International institutions --- Energy industries & utilities --- Monetary policy --- International organization --- Fuel prices --- Energy subsidies --- Expenditure --- Price adjustments --- Price structures --- International agencies --- Expenditures, Public --- Mozambique, Republic of