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A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Credit Transactions by the Fund in SDRs

Credit Transactions by the Fund in SDRs »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

It would seem unlikely that in order to provide this new facility for its members the Fund would have found it necessary to split itself into two Departments and to require each member to make a contribution...

Effects on Other Provisions

Effects on Other Provisions »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

(a) No Need for Separate Departments If the credit activities of the Fund were run on an SDR basis, the present separation of the two Departments would no longer be necessary, or ind...

General Department and Special Drawing Rights Department

General Department and Special Drawing Rights Department »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

The two Departments in the Fund use radically different techniques to perform financial functions for members that are in many respects similar: both Departments enable a member in deficit to use financial r...

Introduction

Introduction »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

The amended Articles of Agreement of the International Monetary Fund refer to the objective of “making the special drawing right the principal reserve asset in the international monetary system.”...

Liquidity Aspects

Liquidity Aspects »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

The substitution of an additional acceptance obligation for an equal supply of currencies would not affect the liquidity of the Fund as a whole. However, as the sources of liquidity for the two present Depar...

Simplification

Simplification »

Source: Thoughts on An international Monetary Fund Based Fully on the SDR

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

A number of major simplifications that would follow from putting the Fund’s conditional credit activities on an SDR basis have already been mentioned. The split of the Fund into two Departments would disappe...