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Law > Business and Financial

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Nonprofit Organizations and Public Enterprise: General x
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Cover IMF Staff Country Reports
Federated States of Micronesia: 2012 Article IV Consultation
International Monetary Fund. Asia and Pacific Dept
The Federated States of Micronesia (FSM) is highly dependent on external aid. Following a recession in FY2006–08, the FSM economy has grown by 2–2½ percent for FY2010 and FY2011. The economy remains dependent on the large public sector, although the fisheries and agriculture sectors have shown signs of growth. Despite some deterioration in current account balance, external balance also has sustained a stable flow of official transfers. However, economic growth is likely to slow in the near term owing to a decline in public sector demand.
Keywords:
ISCR; CR; FSM authorities; government; Micronesia; government development priority; FSM economy; IMF staff estimate; government balance; FSM government; Public enterprises; Inflation; Pacific Islands; Global; Asia and Pacific
Cover IMF Staff Country Reports
Paraguay: Request for a Stand-By Arrangement
International Monetary Fund
The Paraguayan authorities have prepared an economic program to stabilize their macroeconomic situation and begin a process of structural reform. Fiscal adjustment and structural reforms should pave the way for more rapid growth over the medium term. Despite these expected improvements in economic policies and performance, Paraguay remains vulnerable to external shocks. The fiscal situation has deteriorated sharply in recent years. Severe financing constraints have produced sizable public sector payments arrears. On the revenue side, the government's fiscal strategy is to raise revenues while minimizing increases in tax rates.
Keywords:
ISCR; CR; government; consumer price inflation; pension reform Law; Senate vote; Paraguay's monetary policy; asset quality; Public sector; Commercial banks; Public enterprises; Arrears; Middle East; Eastern Europe; East Asia; North Africa; Sub-Saharan Africa; Global