Mexico 2021 Article Iv Consultation Press Release And Staff Report
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Mexico 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-05
Mexico 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-05 with Business & Economics categories.
Spurred by strong U.S. growth and rising vaccination rates, the economy is rebounding. The government has successfully maintained external, financial, and fiscal stability despite the deepest recession in decades. Nonetheless, Mexico is bearing a very heavy humanitarian, social, and economic cost from COVID-19, including over half a million excess deaths, sizable under-employment, an increase in already-high levels of poverty, and learning losses for the young. Real income per capita is continuing its long-run divergence from the U.S., while additional challenges are emerging from technological shifts and climate change.
Mexico
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2015-11-17
Mexico written by International Monetary Fund. Western Hemisphere Dept. and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-17 with Business & Economics categories.
This 2015 Article IV Consultation highlights that the economy of Mexico has continued to grow at a moderate pace, and capital outflow pressures have been limited. The flexible exchange rate has helped the economy adjust to external shocks, while inflation has remained low and stable. Mexico is implementing a broad range of structural reforms, which should help lift potential growth over the medium term. The economy is projected to grow by 2.25 percent in 2015. Construction activity has moderated after a strong rebound in the second half of 2014. Manufacturing and services remain the main driver of growth, although weaker-than-expected U.S. demand affected manufacturing exports in early 2015.
Peru
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-24
Peru written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-24 with Business & Economics categories.
Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of US$11 billion (600 percent of quota) on May 28, 2020.
Mexico
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2014-11-13
Mexico written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-13 with Business & Economics categories.
This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to recover to 2.4 percent this year. The strong recovery in the United States in the second quarter of 2014 has triggered a rebound in Mexico’s manufacturing production and exports. In addition, construction activity is firming up, supported by a rebound of residential investment and an increase of government spending on infrastructure. Mexico’s external position remains broadly consistent with fundamentals and desirable policy settings. In 2014, the current account deficit is projected to remain unchanged with an improving trade balance offset by a continued increase in factor payments.
Saudi Arabia 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-07
Saudi Arabia 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-07 with Business & Economics categories.
The authorities responded quickly and decisively to the COVID-19 crisis and the economy is recovering. COVID-19 cases are well below the 2020 peak and vaccination is progressing. The exit from the remaining COVID-related policy support needs to be carefully managed and the Vision 2030 reform agenda continued.
Kyrgyz Republic 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-02
Kyrgyz Republic 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-02 with Business & Economics categories.
The Kyrgyz economy is highly dependent on remittances and foreign aid and does not have access to international capital markets. Inequality is relatively low, but poverty is widespread. The COVID crisis led to a sharp recession with output contracting by 8.6 percent in 2020, public debt rising by 16.5 percent of GDP to 68 percent, and the som depreciating by 19 percent against the US$. Under the assumption that the global pandemic begins to decisively recede this year, a rebound in growth is expected in 2021–22. However, significant uncertainty surrounds the baseline outlook and the recovery could be delayed if downside risks materialize. In the medium to long term, the main challenge is to create jobs for about 65,000 new jobseekers annually and to reduce labor out-migration. This will require deep structural reforms to transform the economy from a reliance on remittances to more diversified and private sector-led growth that is underpinned by higher investment and exports.
Greece 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-16
Greece 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-16 with Business & Economics categories.
Greece entered the pandemic with an unfinished recovery, but the country has demonstrated resilience in facing COVID-19. The economy contracted by 8.2 percent in 2020, better than expected given Greece’s high dependence on tourism and pre-existing vulnerabilities. The government provided among the largest on-budget fiscal stimuli in the euro zone and supervisory and ECB accommodation shielded the banking sector and kept financing conditions highly accommodative. Despite the pandemic, reforms progressed in a number of areas, albeit at a slower pace than in recent years.
Republic Of Kosovo 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-01-12
Republic Of Kosovo 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-12 with Business & Economics categories.
After contracting more than 5 percent in 2020, Kosovo’s economy is projected to have recovered by 7.5 percent in 2021, thanks to mobility normalization, extraordinary diaspora inflows, and strengthened confidence. Improved vaccination rates supported these trends and mitigation and recovery measures provided lifelines to those most affected by the pandemic. Though GDP growth is expected to normalize in 2022, the new omicron variant is a reminder that the pandemic continues to represent the main downside risk.
Panama 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Panama
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-30
Panama 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Panama written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-30 with Business & Economics categories.
After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs, which the IMF Executive Board approved on April 15, 2020. Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks, which was approved by the IMF Executive Board on January 19, 2021.
El Salvador 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For El Salvador
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-01-28
El Salvador 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For El Salvador written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-28 with Business & Economics categories.
The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
