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Books and Analytical Papers > IMF Staff Country Reports

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Cover IMF Staff Country Reports
Republic of Uzbekistan: Technical Assistance Report-National Accounts Statistics Mission
International Monetary Fund. Statistics Dept.
This technical assistance (TA) report on Republic of Uzbekistan discusses summary of mission outcomes and priority recommendations of National Accounts mission. The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC) conducted a TA mission on source data for national accounts. The main purpose of the mission was to assist the Statistics Agency (SA) of Uzbekistan in improving source data for compiling annual and quarterly gross domestic product (GDP). The national accounts team has made very good progress in compiling and disseminating quarterly national accounts aggregates on a discrete basis, which are required for subscription to the IMF’s Special Data Dissemination Standard (SDDS). The mission reviewed and discussed source data collection issues for all GDP activities. The mission reviewed the compilation of some GDP aggregates. The methods for quarterly GDP discrete estimates follow international best practices. During the meeting with senior management, it has been agreed that all improvements suggested to source data would be taken into account and implemented. Moreover, cooperation with tax authorities should be sought to increase data coverage for small and micro units, as well as individual producers.
Keywords:
GDP; GDP by production; source data; statistical questionnaires; trade margins.; World Bank staff; IMF executive directors; staff team of the International Monetary Fund; Compialtion issue; SA business statistics division; Data collection; Special Data Dissemination Standard (SDDS); Consumer price indexes; Industrial production
Cover IMF Staff Country Reports
Mongolia: Technical Assistance Report-High Frequency Indicators Mission
International Monetary Fund. Statistics Dept.
The IMF conducted a remote technical assistance (TA) mission from March 1 to 12, 2021, to help the National Statistics Office of Mongolia (NSOM) compile a monthly indicator of economic activity (MIEA). Experimental results describe monthly economic activity from January 2010 to January 2021 as well as the impact of the COVID-19. This second mission for developing the MIEA was funded by the IMF's Data for Decisions trust fund1 (D4D).
Keywords:
indicator series evaluation; B. MIEA framework; staff team of the International Monetary Fund; MIEA estimate; World Bank staff; Industrial sector; Agricultural sector; Agroindustries
Cover IMF Staff Country Reports
Slovak Republic: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper provides a brief overview of Slovakia’s transformation over this period. The note is divided into three parts. The first section offers some historical background on the run-up to EU accession. The paper also discusses the economic impact of EU accession and highlights the main challenges that Slovakia still faces. Although the first decade in the EU has seen successes, Slovakia faces important challenges to consolidate its position and close the gap with more advanced economies. A first long-term challenge is to shift from efficiency to an innovation-driven growth model. Actions to improve the business environment and domestic infrastructure could lay the foundations for stronger and more job-rich growth. In Slovakia, the high unemployment rate reflects the faulty working of three key mechanisms: the transition from school to work; the transition from unemployment back to employment; and mobility across regions. In order to address this situation, wide-ranging policies need to be implemented. The quality of education and training needs to be improved in order to better correspond to labor market needs. The ongoing reform of vocational education and training is a step in the right direction.
Keywords:
ISCR; CR; Slovakia; net; FDI; EU accession; export; B. EU membership; EU talks; position vis-à-vis; financial asset; Commercial banks; Nonbank financial institutions; Industrial production; Stocks; Loans; Global; Western Europe; Central and Eastern Europe; Eastern Europe
Cover IMF Staff Country Reports
Mexico: Selected Issues
International Monetary Fund
This Selected Issues paper analyzes external shocks and business cycle fluctuations in Mexico. The paper examines the relative importance of U.S. demand shocks—and other foreign disturbances—in explaining Mexican output fluctuations. It identifies the dynamic response of Mexico’s output to those shocks. The paper investigates which U.S. variables are most relevant to explaining business cycles in Mexico. It analyses potential spillovers and channels of transmission underlying the linkages between the United States and Mexican economies, and focuses on one aspect of the development of the Mexican private mortgage market, the market for mortgage-backed securities.
Keywords:
ISCR; CR; México; NAFTA period; output fluctuation; price convergence; United States-Mexico SRERs; NAFTA partner; Mortgages; Exports; Industrial production; Loans; Real exchange rates; Global; Central America; Eastern Europe; East Africa; Caribbean
Cover IMF Staff Country Reports
Italy: 2005 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy
International Monetary Fund
This 2005 Article IV Consultation highlights that despite the better cyclical outlook, medium-term trends for Italy remain troubling: potential growth is estimated at just 1¼ percent, as low productivity growth and high domestic costs have led to a steady erosion of competitiveness and export market share. The 2005 fiscal deficit target of 4.3 percent of GDP is estimated to have been met, thanks in part to measures introduced by the authorities. For 2006, the authorities have committed to a deficit target of 3.5 percent of GDP.
Keywords:
ISCR; CR; Italy; deficit; October outturn; GDP; authority; privatization process; EU commitment; council recommendation; asset quality; private sector; Competition; Budget planning and preparation; Health care spending; Productivity; Europe; Western Europe
Cover IMF Staff Country Reports
Republic of Korea: Selected Issues
International Monetary Fund
This Selected Issues paper focuses on some of the key stylized facts of Korean business and export cycles over 1960–2001, and calculates a chronology for the classical cycle in these series by applying a variant of the Bry and Boschan (1971) cycle-doling algorithm. It highlights that the Korean classical business cycle and exports cycles are extremely asymmetric, as they exhibit long-lived expansions and much shorter-lived contractions. The results also indicate that the probability of ending a contraction or expansion phase in Korean industrial production and Korean real exports is independent of their duration.
Keywords:
ISCR; CR; company; contraction; business cycle; insolvency regime; labor productivity growth; industrial production; overtime pay; optimization model; export cycle; Industrial production; Stock markets; Business cycles; Stocks; Real exports; Global; Europe