IMF report comments on economic situation of Bahrain
The IMF issued a report on 26 April 2016 following consultations with Bahrain under Article IV of its articles of agreement. Bahrain has been affected by the decline in oil prices and the fiscal deficit is projected to remain high over the medium
See MoreIMF report comments on the economic situation of Hungary
The IMF released a report on 22 April 2016 following consultations with Hungary under Article IV of the IMF’s articles of agreement. Hungary has been experiencing robust economic growth in the past few years and output expanded by 2.9% in 2015.
See MoreIMF Technical Note Considers WTO Tax Rules
A technical note published by the IMF on 29 March 2016 considers to what extent the World Trade Organization (WTO) rules affect the freedom of policy makers to frame their tax policy. The paper entitled Is the WTO a World Tax Organization? A Primer
See MoreIMF considers fiscal policies for innovation and growth
The IMF’s Fiscal Monitor for April 2016 entitled “Acting Now, Acting Together” looks at fiscal policies for innovation and growth. Fiscal policy can promote growth in productivity by encouraging innovation. R&D incentives Fiscal policy
See MoreIMF report comments on fiscal policy of Thailand
On 28 March 2016 the IMF issued a report following discussions in Thailand under Article IV of the IMF’s articles of agreement. The economy of Thailand recovered in 2015 following a slowdown and output reached 2.8%. The recovery is expected to
See MoreIMF Working Paper looks at reform priorities of Chinese tax administration
On 17 March 2016 the IMF published on its website a Working Paper entitled Tax Administration Reform in China: Achievements, Challenges and Reform Priorities. The paper notes that tax administration improvements have doubled China’s tax to GDP
See MoreEuropean Commission and IMF discuss revenue mobilization
Representatives of the European Commission and the international Monetary Fund (IMF) met on 14 March 2016 to discuss strengthening their partnership in areas such as mobilizing domestic revenue. In the next few months the two organizations are
See MoreIMF Technical Note on introducing a GAAR
On 31 January 2016 the IMF issued a technical note on ensuring that a general anti-avoidance rule (GAAR) achieves its purpose. Many countries have either introduced a GAAR or are considering its introduction, which the objective of combating
See MoreIMF working paper looks at base erosion, profit shifting and developing countries
The International Monetary Fund (IMF) has published on its website a working paper (No. 15/118) entitled “Base Erosion, Profit Shifting and Developing Countries”. Although the working paper does not necessarily represent the views of the IMF it
See MoreZambia: IMF comments on fiscal policy
The International Monetary Fund (IMF) issued a press release on 22 May 2015 following discussions with Zambia under Article IV of its articles of association. Although Zambia has strong growth potential economic growth has slowed. Growth was down
See MorePhilippines: IMF comments on economic and fiscal policy
The International Monetary Fund (IMF) has issued a statement at the conclusion of its discussions with the Philippines under Article IV of its articles of association. The economic outlook is favorable in spite of weaker global growth. Real GDP is
See MoreJapan: IMF comments on economic and fiscal position
The IMF has issued a concluding statement at the end of discussions with Japan under Article IV of its articles of association. The IMF report notes that the positive signs in the Japanese economy need to be built upon by working to end the
See MoreGhana: IMF supports fiscal reforms
The IMF has approved a USD918 million loan in support of Ghana’s economic reform program. Ghana is described as one of Africa’s frontier emerging markets, with a trade in commodities that allowed it to weather the storms resulting from the
See MoreIMF: Using Fiscal Policy to Support Sustainable Growth
In the most recent Fiscal Monitor released on 15 April 2015 the IMF discusses how sound fiscal policy can promote growth and employment. Various factors can help economic recovery including the low oil price, growth-friendly monetary policy and a
See MoreIndonesia: IMF comments on fiscal policy
The IMF has issued a report after its Article IV consultations with Indonesia. The Indonesian economy slowed in 2014 but growth is expected to increase to 5.2% in 2014 with an increase in public investment in infrastructure. Economic risks arise
See MoreBelgium: IMF comments on fiscal policy
The International Monetary Fund (IMF) issued a staff report on 12 March 2015 in connection with the consultations held with Belgium under Article IV of the IMF’s articles of agreement. Belgium’s government is pursuing policies of
See MoreNigeria: IMF comments on fiscal policy
On 4 March 2015 the IMF issued a press release on the conclusion of consultations with Nigeria under Article IV of the IMF’s articles of agreement. Nigeria’s economy has grown strongly over the past decade at an average of almost 7% per annum
See MoreIMF comments on Malaysia’s economic position
On 13 February 2015 the IMF executive board concluded consultations with Malaysia under Article IV of the IMF’s articles of agreement. The report indicates that the Malaysian economy has recently performed well. Economic growth was 5.9% in 2014
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