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The Role of the Exchange Rate in Inflation-Targeting Emerging Economies

Author/Editor: Anna Nordstrom, Scott Roger, Mark R Stone, Seiichi Shimizu, Turgut Kisinbay, Jorge Restrepo.

Release Date: November, 2009

Price: $15.00

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and more...



Republic of Serbia : Request for Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Serbia

Release Date: January, 2009

Price: $18.00

With global financial turmoil increasingly spilling over into Serbia, the authorities have requested a 15-month Stand-By Arrangement (SBA), which they intend to treat as precautionary. The more...



Kyrgyz Republic : Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kyrgyz Republic

Release Date: June, 2008

Price: $18.00

The Poverty Reduction and Growth Facility (PRGF) arrangement approved in February 2005 has aimed to preserve solid growth while maintaining low inflation, further reduce poverty, and tackling the more...



Republic of Croatia : 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Croatia

Release Date: May, 2008

Price: $18.00

Croatia's economic growth accelerated, but external imbalances continued to increase. Executive Directors commended the strong performance accompanied by commendable prudent policies and continued more...



Republic of Palau : 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Republic of Palau

Release Date: May, 2008

Price: $18.00

Over the past two years, economic activity in Palau has been slowed. Executive Directors welcomed the authorities’ disciplined policies, strong financial sector legislation, and prudent more...



Republic of Moldova : Poverty Reduction Strategy Paper: National Development Strategy Report for 2008-2011

Release Date: April, 2008

Price: $18.00

The purpose of the monitoring and evaluation process is to determine to what extent proposed actions/sub-actions have been accomplished, and to take policy corrective action to accomplish the more...



Algeria : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

Release Date: March, 2008

Price: $18.00

Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a more...



Singapore : 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Release Date: March, 2008

Price: $18.00

Singapore’s recent economic performance has been impressive, underpinned by prudent macroeconomic management. Economic activity remains strong despite a softening in external demand. On the more...



Papua New Guinea : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion for Papua New Guinea

Release Date: March, 2008

Price: $18.00

Papua New Guinea’s economic performance has strengthened since the last Article IV Consultation. The country has significant underlying vulnerabilities. The economy is exposed to commodity more...



Democratic Republic of São Tomé and Príncipe : Fifth Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

Release Date: March, 2008

Price: $18.00

Economic activity continues to be robust in 2007, driven by foreign investment in tourism-related construction and services. The central bank (BCSTP) strengthened its efforts to control liquidity more...



The Kingdom of Swaziland : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

Release Date: March, 2008

Price: $18.00

The Swazi economy has continued to register sluggish economic activity even as rising Southern African Customs Union revenue contributed to a large fiscal surplus and accumulation of international more...



Republic of Madagascar : Second and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Madagascar

Release Date: February, 2008

Price: $18.00

There has been progress in strengthening public financial management; however, improving budget execution and strengthening public finances is required. The tax and custom administration reforms will more...



Botswana : 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana

Release Date: February, 2008

Price: $18.00

Sound macroeconomic policies, good governance, and high levels of investment, supported by diamond and other mineral production, have moved Botswana into the ranks of middle-income countries. more...



The Gambia : Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver and Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for The Gambia

Release Date: February, 2008

Price: $18.00

The Czech Republic’s strong fundamentals helped to sustain economic growth with low unemployment and underpin strides toward convergence with EU-15. Executive Directors welcomed the euro more...



India : 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

Release Date: February, 2008

Price: $18.00

India’s strong growth and macroeconomic stability is owed to its sound macroeconomic policies and past structural reforms. Swelling capital inflows have highlighted the key policy challenges: more...



India : Selected Issues

Release Date: February, 2008

Price: $18.00

This paper presents background information to the assessment of competitiveness and exchange rate policy in India, as well as challenges to monetary policy from financial globalization. This paper more...



Colombia : 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Release Date: January, 2008

Price: $18.00

Colombia’s economic performance has been strong, aided by sound economic policies. Structural reforms and prudent macroeconomic policy management has contributed to higher economic growth and more...



Guinea : 2007 Article IV Consultation and Staff Report for the 2007 Article IV Consultation and Requests for Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Additional Interim Assistance Under the Enhanced Heavily Indebted Poor Countries Initiative: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea

Release Date: January, 2008

Price: $18.00

Guinea has implemented an impressive policy shift toward macroeconomic stabilization under the economic program. Executive Directors commended this development and stressed the need for tight fiscal more...



Peru : Second Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release News Brief on the Executive Board Discussion; and Statement by the Executive Director for Peru

Release Date: January, 2008

Price: $18.00

Peru’s macroeconomic policies continue to be strong under the Stand-By Arrangement (SBA). Executive Directors appreciated the implementation of policies to entrench macroeconomic stability, more...



Iraq : Request for Stand-By Arrangement and Cancellation of Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

Release Date: January, 2008

Price: $18.00

Iraq showed good progress in undertaking strong macroeconomic policies and implementing economic reforms under the Stand-By Arrangement (SBA). Executive Directors welcomed this, and noted that low more...



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