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International Monetary Fund. European Dept.
This paper studies the two vital issues of Luxembourg’s economy: investment IMF-World Bank linkages and lessons and challenges in accommodating migrants and refugees. The Luxembourg investment fund industry, second in the world after the United States, has grown rapidly since the global financial crisis. Risks in investment funds are attracting global attention, and the linkages between Luxembourg funds and banks could contribute to transmitting financial volatility to the financial system and the real economy. Past experience of handling migration flows and a positive public attitude have helped the authorities to mobilize resources for accommodating sharply rising refugee inflows from mid-2015.
International Monetary Fund. Middle East and Central Asia Dept.
This paper describes that with the global downturn in 2007–2009, some of these achievements were partially reversed due to severe negative shocks to growth and changes in the composition of growth. While compared to peer countries, inequality in Armenia remains low; it has increased somewhat since 2009. Poverty has marginally declined after the global crisis, but unemployment remains high. Creating jobs, reducing poverty, and higher inclusiveness would require sustained high growth and implementing pro-poor policies. Better-targeted social policies and more attention to the regional distribution of spending would also help reduce poverty and improve inclusiveness. Poverty declined during the 2000s, supported by high growth. Poverty rate decreased by one third and the extreme poverty declined by half during 2004–2008. In addition to strong growth which created many job opportunities, higher social expenditures played a key role in lowering poverty. Regional disparities of poverty levels remain very high. These disparities, however, are geographical and not across the urban/rural divide. Indeed, contrary to the common perception, poverty rates in urban and rural areas are almost the same.
International Monetary Fund. Middle East and Central Asia Dept.

tariffs for the vulnerable social groups were introduced in January 2017. Tax exemptions of the micro self-employed people to support employment . This should not only create incentives for the start-ups but also encouraged people to register with the tax authorities. 13 Special employment promotion programs . State employment agencies are implementing comprehensive programs to match jobseekers with employers including by providing vocational trainings for the unemployed and people in vulnerable employment, and assisting the unemployed in finding jobs in public

International Monetary Fund

policies . The authorities plan to support employment promotion programs, especially targeted at youth in urban areas. The staffs recommend that carefully prioritized and targeted interventions for employment promotion and other social protection interventions be designed and integrated in the poverty reduction strategy; subsidies should be well-targeted and consistent with the overall fiscal framework. VI. Monitoring and Evaluation and Implementation Risks 23. The staffs support the authorities in their pursuit of a broad and transparent PRSP monitoring process

International Monetary Fund

efficiency of public spending on hospitals and pharmaceuticals. 8. Social protection programs . Social protection programs—pensions, labor market programs, social assistance, and short-term and family benefits—have a wide coverage among the population. The Bank’s first and second DPLs support an employment promotion program, which includes interventions to alter incentives both on the labor supply and the labor demand sides. To create additional incentives for job searching and lower reliance of able-bodied individuals on social welfare programs, the government has

International Monetary Fund

: Strengthening of Immigration Services MoHCA/03: Department of Civil Registration and Census MoHCA/04: Disaster Risk Management MINISTRY OF INFORMATION AND COMMUNICATIONS MoIC/01: ICT and Postal Development MoIC/02: Development of Air Transport MoIC/03: Development of Surface Transport MoIC/04: Information and Media Development MINISTRY OF LABOUR AND HUMAN RESOURCES MoLHR/01: Human Resource Development Programme MoLHR/02: Employment Promotion Programme MoLHR/03: Improvement of Working Conditions and Labour Relations at the Workplaces MoLHR/04

International Monetary Fund

. Health . The Bank supported the government program in health through two investment operations and the DPL program. The DPL program focused on strengthening the financial sustainability of the national health insurance system and enhancing the efficiency of public spending on hospitals and pharmaceuticals. 8. Social protection programs . Social protection programs—pensions, labor market programs, social assistance, and short-term and family benefits—have a wide coverage among the population. The Bank’s DPL program supported an employment promotion program, which

International Monetary Fund
Despite notable potential in mining and agriculture, Guinea’s macroeconomic situation deteriorated between 2002 and 2006. Since April 2007, the government has begun to stabilize the economy by tightening fiscal and monetary policies. Achieving the targeted completion rate in the education sector will require considerable financial and human resources. IMF staff recognize the significant potential of agriculture in setting the stage for accelerated and more inclusive economic growth in Guinea. The macroeconomic objectives in the Poverty Reduction Strategy Paper (PRSP-II) are broadly consistent with the most recent medium-term macroeconomic framework.
International Monetary Fund

-profitable organizations carrying out vocational training courses were granted a license in 2003. In the framework of measures to stimulate employment, 147 employment promotion projects were being implemented in 2003. The Government of Albania has paid particular attention to the employment of the poorest groups of the population and other social groups in need by including these categories in the employment promotion programs. The long-term objective to increase employment levels is primarily based on policies to promote economic growth and develop the private sector. Given labor