International Monetary Fund Bücher

Mauritius has achieved remarkable success since its independence in 1968. It has one of the highest per capita GDPs in Africa, the economy has diversified from complete dependence on the sugar crop, into textiles, then tourism, and recently information and communication services. This paper examines the factors that have contributed to this impressive growth, including macroeconomic stability, a solid institutional framework, political stability, an efficient administration, a favorable regulatory framework, and a well-developed financial system, and outlines the challenges that remain to ensure continued sustainable growth in Mauritius.

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. The paper describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of IMF resources. Annexes provide statistical information and discuss regional integration efforts, developments in monetary policy, and technical assistance provided by the IMF and the World Bank.

This paper assesses and disseminates experiences and lessons from low-income countries (LICs) in Sub-Saharan Africa that were selected by the Africa Department in 2015-16 as pilots for enhanced analysis of macro-financial linkages in Article IV staff reports. The paper focuses on the common characteristics across the pilot countries and highlights the tools used in the analysis, the challenges encountered, and the solutions deployed in overcoming them.

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Europe continues to enjoy a strong growth spurt. Growth has firmed up in many European economies and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The expansion is largely driven by domestic demand, with investment increasingly contributing. Credit growth has finally picked up, which is helping Europe's banks to rebuild profitability. While leading indicators have recently begun to ease, they remain at high levels. Accordingly, the forecast is for growth to stay strong, reaching 2.6 percent in 2018 and 2.2 percent in 2019. Amid the good times, however, fiscal adjustment and structural reforms efforts are flagging.

Launched in 2009, this report provides a comprehensive analysis of public finance developments, focusing on the fiscal implications of economic crises and medium-term projections. Prepared biannually by the IMF's Fiscal Affairs Department, it evaluates policies aimed at ensuring sustainable public finances.

The book offers an in-depth examination of the structural changes occurring in low- and low-middle-income countries within sub-Saharan Africa. It presents a comprehensive analysis of economic transformations, highlighting the unique challenges and opportunities faced by these nations. Through detailed research and insights, it aims to enhance understanding of the region's development dynamics and inform policy decisions.

The book offers an in-depth look at the International Monetary Fund's financial activities, detailing its structure and operations. It explores the IMF's core functions, including lending, surveillance, and technical assistance, while also providing insights into the financial statements that underpin these operations. This comprehensive overview serves as a valuable resource for understanding how the IMF supports its mission through financial means.

The book delves into the consequences of the recent global recession on poverty and human development in developing nations. It highlights the enduring effects of the crisis, despite signs of recovery, emphasizing how it has reshaped the landscape of human development and the challenges that lie ahead for these countries.

The book provides a detailed analysis of Benin's investment scaling strategy, evaluating its growth potential and fiscal implications. It explores how the government can create the necessary fiscal space to boost investments while maintaining a stable macroeconomic environment. By examining various economic factors, the work aims to offer insights into sustainable development and effective financial management in the context of Benin's ambitious goals.