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International Monetary Fund
This paper reviews the first annual progress report (APR) on implementation of the Poverty Reduction Strategy (PRS) in the Republic of Congo. The paper discusses that a number of stages in PRS implementation have already been completed. The PRS is being implemented in an international economic context marked by a severe economic and financial crisis. At the national level, favorable circumstances have enabled Congo to maintain a high level of economic growth averaging nearly 6 percent a year from 2005 to 2009.
International Monetary Fund
This paper reviews the annual progress report on Poverty Reduction Strategy Paper (PRSP) for Republic of Congo. The adoption of the PRSP in March 2008 was followed by adoption of the Operational Action Plan for implementation of the PRSP. The poverty reduction strategy is being implemented in an international economic context marked by a severe economic and financial crisis. The government has also undertaken significant structural administrative reforms with a view to improving political governance.
Mr. Steven A Barnett, Ms. Alla Myrvoda, and Mr. Malhar S Nabar

families aspire to home ownership, their saving rates have increased ( Chamon and Prasad, 2010 ). Finally, Chinese households have, in recent years, been making spending and saving decisions in an environment defined by rapid change. Social safety net reforms, changes in job opportunities, and new housing objectives—all have influenced the way households make their decisions. Without adequate access to consumer loans or insurance that would help them smooth expenses and protect them from major financial loss, Chinese households have self insured: their savings serve as

International Monetary Fund

sector actions on protecting the human environment, and promoting and providing primary health care. Approve the Water and Sanitation Framework Law. Housing Objective: Generate conditions that guarantee most Hondurans access to dignified housing. Approve the Housing Sector Modernization Law. Strengthen and harmonize sector regulations, with the different structures involved. Harmonize the construction of human settlements with reducing ecological vulnerability. SOCIAL PROTECTION NETWORKS

International Monetary Fund. Asia and Pacific Dept

surge in house prices and increased affordability concerns, the RBNZ is required to assess the effect of its monetary policy decisions on the government’s housing objectives . The updated remit by the Minister of Finance to the monetary policy committee (MPC), effective from March 2021, requires the MPC to assess the effects of its decisions on the government’s policy relating to sustainable house prices. The monetary policy objectives, with a focus on keeping inflation near the two percent mid-point and supporting maximum sustainable employment, remain unchanged

International Monetary Fund

basic health services to rural areas. • Community-based water and sanitation projects. • Decentralization of public health care management and rehabilitation of existing health centers. Housing Objectives: Increased low and middle-income urban housing construction. Programs: • Development of a housing subsidy program. • Legal and regulatory reforms to promote development of a market in low-cost urban land. Judicial System and Internal Security Objectives: Improved access and quality of the justice system (especially in rural

International Monetary Fund. Monetary and Capital Markets Department

-mandated housing objectives and implicit guarantees from the U.S. taxpayer . Most of the gains from the agencies’ lower cost of borrowing accrued to private sector shareholders and managers rather than borrowers, giving the GSEs incentives to lobby aggressively for the preservation of their status. 62 Any private successor bodies need to be small enough to be allowed to fail, while any remaining government mortgage guarantees should be charged at a market rate. If any subsidy element remains, it should be scored on budget. The winding down of the GSEs’ investment portfolios

International Monetary Fund
The paper reports the progress of the Honduran poverty reduction strategy program, projects, and policy measures. The report provides details on the organization and results of the consultation process, and analyzes the macroeconomic framework for the poverty reduction strategy. An overview of the poverty situation and the performance of the poverty-related economic and social indicators are also discussed. Finally, the adjustment of some poverty reduction strategy program goals and budget is presented. The strategy also proposes a series of policy measures.
International Monetary Fund
This 2005 Article IV Consultation highlights that following three years of sluggish economic growth, activity in Guatemala improved somewhat in 2004, with real GDP rising by 2¾ percent, but consumer price inflation drifted upward to more than 9 percent. Monetary policy is being geared to reducing inflation to the 4–6 percent range. The exchange system is flexible, but the central bank has intervened in the foreign exchange in 2004 to contain the appreciation of the quetzal against the U.S. dollar. In January 2005, a rules-based mechanism for interventions was introduced.
International Monetary Fund. Asia and Pacific Dept
New Zealand’s sound management of the COVID-19 crisis has been effective in bringing infection rates quickly under control. Decisive fiscal and monetary policy responses have been instrumental in cushioning the economic impact. Although economic activity was hit hard initially, it has recovered faster than expected. That said, the recovery has been uneven, with some sectors and workers disproportionately affected.