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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...

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,...

(Why) Should Current Account Balances Be Reduced?

(Why) Should Current Account Balances Be Reduced? »

Volume/Issue: 2011/3

Series: Staff Discussion Notes

Author(s): Gian Milesi-Ferretti , and Olivier Blanchard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2011

DOI: http://dx.doi.org/10.5089/9781462384860.006

ISBN: 9781462384860

Keywords: global imbalances, current account, exchange rates, current account deficits, current account surpluses, exchange rate, current account deficit, Account Balances Be Reduced?,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Trade Elasticities in the Middle East and Central Asia
			: What is the Role of Oil?

Trade Elasticities in the Middle East and Central Asia : What is the Role of Oil? »

Volume/Issue: 2008/216

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

DOI: http://dx.doi.org/10.5089/9781451870749.001

ISBN: 9781451870749

Keywords: trade elasticities, current account adjustment, export prices, exporting countries, export volume, oil exports, oil exporters,

The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication...

Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows

Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows »

Volume/Issue: 2008/167

Series: IMF Working Papers

Author(s): Nadeem Ilahi , and Riham Shendy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

DOI: http://dx.doi.org/10.5089/9781451870251.001

ISBN: 9781451870251

Keywords: Business cycle, growth linkages, North, South, GCC, regional linkage, decoupling, divergence, convergence, remittance

This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate t...

IMF Survey, Volume 36 Issue 11

IMF Survey, Volume 36 Issue 11 »

Volume/Issue: 36/11

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 September 2007

DOI: http://dx.doi.org/10.5089/9781451938494.023

ISBN: 9781451938494

Keywords: current account deficit, current account, current account surpluses, global growth

IMF plan to cut imbalances; IMF clarifies aid role; world growth update; financial globalization; growth in Africa; low-income countries need fiscal reform; Central America seeks stronger growth; IMF surveillance f...