Figure 1. Nepal: Recent Macro-Economic Developments
|
|
- Philippa Harrington
- 5 years ago
- Views:
Transcription
1 May- May- May- May- Figure. : Recent Macro-Economic Developments Real GDP growth is estimated at. percent in /. Growth rebounded to. percent in /, after a slump due to the earthquakes and trade disruptions. Real GDP Growth (Percent change) Real GDP, Other Real GDP, Agriculture Real GDP (at market prices) / / / / Source: Central Bureau of Statistics. / / / / Recorded remittances amounted to US$ million in May. During the past months they were up percent from a year ago. Remittances Monthly flow (in millions of U.S. dollars, RHS) Y/Y change in mma (in percent) Y/Y change in HP filtered series (in percent) - - Headline inflation amounted to. percent (y/y) in May. Non-food inflation declined to. percent. s inflation has moved broadly in line with s inflation since early. Consumer Price Inflation (Percent change, year-on-year) Non-food items (contribution to headline CPI) Food items (contribution to headline CPI) Non-food CPI (y/y) Headline CPI (y/y) - - Consumer Prices in and (Percent change, year on year) : Headline CPI (y/y) : Headline CPI (y/y) May- May- Sources: i authorities, Haver analytics; and IMF staff estimates. The real effective exchange rate of the i rupee is about percent above the - average. Central bank reserves (including gold and SDR holdings) amounted to US$. billion in mid-may, covering more than months of prospective imports. Exchange Rates (+) Appreciation REER index (=) NEER index (=) USD per NRs (RHS)... Central Bank Gross Reserves and Commercial Banks NFA Reserves in billions of U.S. dollars Reserves in months of prospective imports Commercial banks' NFA (US$bn)... (-) Depreciation..
2 / / / / / / / / / / / / / / Figure. : Recent Fiscal Developments After years of surpluses, rising current and capital spending led to a deficit of. percent of GDP in /. Fiscal Performance Revenue Capital expenditure Current expenditure Overall balance Reflecting the growth rebound, s net public debt remained at percent of GDP in /. Public Debt Central bank overdraft ((-) indicates deposit) Domestic debt External debt Net public debt - / / / / May- / / / / Note: Overall balance: incurrence of net liabilities (incl. government deposits at NRB). Sources: i authorities; and IMF staff estimates FCGO data indicates that revenues rose by percent (year-on-year) during the last months. In June, the y/y increase was - percent. Government Revenue Jun- Jun- Jun- Total revenue (annual average change) Total revenue (y/y change in mma) Jun- Jun- Jun- Jun- Jun- Jun Central government spending rose percent (y/y) during the last months. This includes the rd transfer from the central government to local governments (NR billion). Government Spending - Jun- Jun- Jun- Current and capital spending (annual average change) Current and capital spending (y/y change in mma) Jun- Jun- Jun- Jun- Jun- Jun- - Gross domestic debt amounts to about NR bn. The monetary data indicates that government deposits at the NRB amount to NR bn (NR bn from local govs.) Government Net Domestic Debt Domestic public debt Government overdraft (+)/deposit(-) at the NRB Net domestic public debt
3 Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- May- May- Figure. : Recent External and Monetary Sector Developments Imports and exports are up by and percent, respectively, from a year ago. Private credit growth firmed to percent in May, but is still lower than the high of percent in February Trade and Private Sector Credit (Growth, in percent) Exports (y/y change in mma) Imports (y/y change in mma) Private Sector Credit (y/y) Strong imports are raising the trade deficit. In recent months firming remittances are cushioning the impact on the current account. In the first months of / the current account was in deficit by US$.bn., - - Current Account Balance (In millions of US dollars) Trade Deficit (mma) Remittances (mma) Current Account Balance (mma) Reserve money expanded by percent (y/y) in May Central Bank Balance Sheet (In percent, contribution to reserve money growth) Net claims on government Net foreign assets Other net domestic assets Reserve money growth (y/y) May Amid firming private sector credit growth, M growth rose to percent (y/y) in May. Broad Money Growth (In percent, contribution to broad money growth) Net claims on government Other net domestic assets Net foreign assets Private sector credit M growth - - May- - - Commercial banks interest rates are inching up. Interbank interest rates are stabilizing above percent on implementation of the interest rate corridor. : Interest Rates (Percent) Weighted Average Lending Rate (Commercial Banks) Weighted Average Deposit Rate (Commercial Banks) Interbank Rate of Commercial Banks By late June, stock prices were down percent from a year ago. Bank stocks were down percent from a year ago. Stock Market Performance in and (Mid-July =) NEPSE Index NEPSE index, commercial banks Bombay Stock Exchange (SENSEX index) Source: NRB Sources: i authorities; and IMF staff estimates
4 Lao P.D.R. Figure. and its Peers: Growth, Exports, FDI, Remittances and Human Development s growth has lagged peers and per capita GDP remains lower than in other Asian countries. Per Capita GDP (PPP) (In current international dollars),,,,,, Source: World Bank, WDI Database. Inflows of foreign direct investment (FDI) in remain small. As a result, the stock of FDI is much smaller than in peer countries. Mongolia Lao P.D.R. Myanmar FDI Stocks in (US$ per capita),,, Source: UNCTAD data Poverty declined to percent of the population in /, thanks in part to the growth of remittances. Poverty is higher in rural and mountainous areas. Philippines Poverty rate, /-/ (In percent of the population) Indonesia China National Urban Rural Mountainous s exports have been growing slower than GDP and are lower than in most peers. Exports of Goods and Services - average - average On the other hand, compared to other countries, has high remittances. The decline in poverty is reflected in an improvement in s UNDP Human Development Index. China Sources: IMF, World Economic Outlook; and IMF staff estimates. Inflows of Remittances, Selected Countries, Sources: World Bank, Remittances Data; IMF, World Economic Outlook. Note: Observation for is for /. Human Development Index (HDI) (Index number) HDI, Average HDI (-) LIC median / / / Source: Central Bureau of Statistics. Source: UNDP, Human Development Report.
5 May- May- May- May- May- May- - Bank Deposits, Credit and Remittances (year-on-year change, in percent) / credit crunch Bank deposits Remittances (annual average growth) Credit to private sector - Sources: i Authorities, IMF staff calculations.
Figure 1. Nepal: Recent Macro-Economic Developments
Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Aug- Figure. : Recent Macro-Economic Developments Real GDP growth is estimated at. percent in /. Growth rebounded to. percent
More informationFigure 1. Nepal: Recent Fiscal Developments
Figure 1. : Recent Fiscal Developments Strong revenue growth combined with subdued capital spending kept the budget in surplus the past years. Fiscal Performance Revenue Capital expenditure 1 Current expenditure
More informationTable 1. Nepal: Monthly Data for Key Macroeconomic Indicators.
Table 1. : Monthly Data for Key Macroeconomic Indicators. 1 1 Year-on-year change, in percent Oct Nov Dec FY to date Oct Nov Dec FY to date Oct Nov Dec FY to date ( months) ( months) ( months) Inflation
More informationRegional Economic Context and Economic Trends in Ukraine
Regional Economic Context and Economic Trends in Ukraine Konstantine Kintsurashvili June 2017 ECONOMIC PROSPECTS: EBRD REGION 2 Growth in the EBRD region is to pick up in 2017 and 2018 In 2017-18, EBRD
More informationPolicy Challenges for Armenia in the context of Recent Global and Regional Shocks
Policy Challenges for Armenia in the context of Recent Global and Regional Shocks Teresa Daban Sanchez IMF Resident Representative to Armenia November, 215 Outline Global Environment Outlook of the CCA
More informationCharting Cambodia s Economy
Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationGlobalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009
GLOBALIZATION 217 Globalization The People s Republic of China (PRC) has by far the biggest share of merchandise exports in the region and has replaced Japan as the top exporter. The largest part of Asia
More informationHAS GROWTH PEAKED? 2018 growth forecasts revised upwards as broad-based recovery continues
HAS GROWTH PEAKED? 2018 growth forecasts revised upwards as broad-based recovery continues Regional Economic Prospects May 2018 Stronger growth momentum: Growth in Q3 2017 was the strongest since Q3 2011
More informationCharting Australia s Economy
Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationMark Allen. The Financial Crisis and Emerging Europe: What Happened and What s Next? Senior IMF Resident Representative for Central and Eastern Europe
The Financial Crisis and Emerging Europe: What Happened and What s Next? Seminar with Romanian Trade Unions Bucharest, November 2, 21 Mark Allen Senior IMF Resident Representative for Central and Eastern
More informationRegional Economic Outlook Caucasus and Central Asia. November 2, 2016
Regional Economic Outlook Caucasus and Central Asia November 2, 216 Outline Global and Regional Environment Outlook and Policy Actions Policy Priorities 2 Global growth remains lackluster World U.S. Euro
More informationCharting Indonesia s Economy, 1H 2017
Charting Indonesia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY November 6 Key Developments in Asian Local Currency Markets Japan s real gross domestic product (GDP) growth accelerated to.% quarter-on-quarter in the third quarter (Q) of 6 from.%
More informationMonitoring Country Progress in Pakistan
Monitoring Country Progress in Pakistan Program Office OAPA & USAID/Pakistan U.S. Agency for International Development Pakistan Institute for Development Economics September, 21 st, 211 Economic Reforms
More informationThe Impact of the Global Economic Crisis on Central and Eastern Europe. Mark Allen
The Impact of the Global Economic Crisis on Central and Eastern Europe Fourth Central European CEMS Conference Warsaw, February 25, 211 Mark Allen Senior IMF Resident Representative for Central and Eastern
More informationCurrent Situation and Outlook of Asia and the Pacific
Current Situation and Outlook of Asia and the Pacific Dr. Aynul Hasan, Chief, DPS, MPDD Dr. M. Hussain Malik, Chief, MPAS, MPDD High-level Policy Dialogue Macroeconomic Policies for Sustainable and Resilient
More informationMiddle East and Central Asia Regional Economic Outlook. Learning To Live With Cheaper Oil Amid Weaker Demand. January 2015 Update
1/22/215 Middle East and Central Asia Regional Economic Outlook Learning To Live With Cheaper Oil Amid Weaker Demand January 215 Update Outline Recent Global Developments and Implications for the Region
More informationCharting South Korea s Economy, 1H 2017
Charting South Korea s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
More informationNumber of Countries with Data
By Hafiz A. Pasha WHAT IS THE EXTENT OF SOUTH ASIA S PROGRESS ON THE MDGs? WHAT FACTORS HAVE DETERMINED THE RATE OF PROGRESS? WHAT HAS BEEN THE EXTENT OF INCLUSIVE GROWTH IN SOUTH ASIA? WHAT SHOULD BE
More informationECONOMIC ANALYSIS (SUMMARY) 1
1991 1992 1993 1994 1995 1996 1997 1998 1999 00 01 02 03 04 05 06 07 08 09 11 12 13 14 15 Country Partnership Strategy: Tajikistan, 16 A. Overview of Economic Performance ECONOMIC ANALYSIS (SUMMARY) 1
More informationTHAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement
THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement March 2016 Contents 1. Objectives of the Engagement 2. Systematic Country Diagnostic (SCD) 3. Country Context 4. Growth Story 5. Poverty Story 6.
More informationStatistical Appendix
Statistical Appendix The IMF s Middle East and Central Asia Department (MCD) countries and territories comprise Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq,
More informationThe Economies in Transition: The Recovery
Georgetown University From the SelectedWorks of Robert C. Shelburne October, 2011 The Economies in Transition: The Recovery Robert C. Shelburne, United Nations Economic Commission for Europe Available
More informationCharting Philippines Economy, 1H 2017
Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
More informationKEF-2016: Reforms for Inclusive Growth November 3 4, 2016
KEF-216: Reforms for Inclusive Growth November 3 4, 216 CESEE regional economic outlook Dr. Bas Bakker, Senior Regional Resident Representative for Central and Eastern Europe, IMF European Department 216
More informationThrough the Financial Crisis
Comments on: How Latvia Came Through the Financial Crisis Mark Griffiths (mgriffiths@imf.org) European Department International Monetary Fund Outline 1. Economic performance under the program Program succeeded
More informationEXPORT-ORIENTED ECONOMY - A NEW MODEL OF DEVELOPMENT FOR THE REPUBLIC OF MOLDOVA
EXPORT-ORIENTED ECONOMY - A NEW MODEL OF DEVELOPMENT FOR THE REPUBLIC OF MOLDOVA Corina COLIBAVERDI Phd student, Academia de Studii Economice a Moldovei Boris CHISTRUGA Univ. Prof., dr.hab., Academia de
More informationCharting Singapore s Economy, 1H 2017
Charting Singapore s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published
More informationAsia and the Pacific s Perspectives on the Post-2015 Development Agenda
Ver: 2 Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Dr. Noeleen Heyzer Executive Secretary United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Bangkok
More informationMexico s Update Global Spa & Wellness Summit. Aspen, CO June 4, 2012
Mexico s Update 2012 Global Spa & Wellness Summit Aspen, CO June 4, 2012 Macroeconomic Fundamentals Maastricht criteria ( 3% of GDP) Debt and deficit in 2011 Maastricht criteria ( 60% of GDP) Source: Bloomberg,
More informationThe Economies in Transition: The Recovery Project LINK, New York 2011 Robert C. Shelburne Economic Commission for Europe
The Economies in Transition: The Recovery Project LINK, New York 2011 Robert C. Shelburne Economic Commission for Europe EiT growth was similar or above developing countries pre-crisis, but significantly
More informationStatistical Appendix
Statistical Appendix The IMF s Middle East and Central Asia Department (MCD) countries and territories comprise Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq,
More informationAPPENDIXES. 1: Regional Integration Tables. Table Descriptions. Regional Groupings. Table A1: Trade Share Asia (% of total trade)
1: Regional Integration Tables The statistical appendix is comprised of 10 tables that present selected indicators on economic integration covering the 48 regional members of the n Development Bank (ADB).
More informationInclusive Growth: Challenges For The East Asia Region
Inclusive Growth: Challenges For The East Asia Region ADFIAP International CEO Forum XI New World Makati Hotel, Makati City, Dec 8, 2015 Rogier van den Brink Lead Economist and Program Leader World Bank
More informationECONOMIC ANALYSIS (SUMMARY) 1
Country Partnership Strategy: Kyrgyz Republic, 2013 2017 ECONOMIC ANALYSIS (SUMMARY) 1 1. The Kyrgyz Republic went through a difficult transition after the breakup of the former Soviet Union and independence
More informationGlobal Economic Prospects. Managing the Next Wave of Globalization
Global Economic Prospects Managing the Next Wave of Globalization 2007 REGIONAL ECONOMIC PROSPECTS Middle East and North Africa regional prospects 5 Recent developments Thanks to oil revenues surging in
More informationGreater Mekong Subregion Statistics on Growth, Infrastructure, and Trade. Second Edition. Greater Mekong Subregion Eighth Economic Corridors Forum
Greater Mekong Subregion Statistics on Growth, Infrastructure, and Trade Second Edition Greater Mekong Subregion Eighth Economic Corridors Forum 3 4 August 216 Phnom Penh, Cambodia Greater Mekong Subregion
More informationRecent developments. Note: This section is prepared by Lei Sandy Ye. Research assistance is provided by Julia Roseman. 1
Growth in the Middle East and North Africa (MENA) region is projected to pick up to 3 percent in 2018 from 1.6 percent in 2017 as oil exporters ease fiscal adjustments amid firming oil prices. The region
More informationFourth High Level Dialogue on Financing for Development. United Nations, New York, March 2010.
The impact of the current financial and economic crisis on foreign direct investment and other private flows, external debt and international trade in emerging market economies Fourth High Level Dialogue
More informationDollarization in Ecuador. Miguel F. Ricaurte. University of Minnesota. Spring, 2008
Dollarization in Ecuador Miguel F. Ricaurte University of Minnesota Spring, 2008 My name is Miguel F. Ricaurte, and I am from ECUADOR and COSTA RICA: And I studied in Ecuador, Chile, and Kalamazoo, MI!
More informationENHANCING DOMESTIC RESOURCES MOBILIZATION THROUGH FISCAL POLICY
UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA SUBREGIONAL OFFICE FOR EASTERN AFRICA ECA/SROEA/ICE/2009/ Original: English SROEA 13 th Meeting of the Intergovernmental Committee of Experts (ICE) Mahe, Seychelles,
More informationEast Asia and the Pacific Region
East Asia and the Pacific Region Overview Growth in the East Asia and Pacific region is slowing, partly reflecting an easing of stimulus in China and a shift toward domestic sources of demand. Growth for
More informationRemittances and the Macroeconomic Impact of the Global Economic Crisis in the Kyrgyz Republic and Tajikistan
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized China and Eurasia Forum Quarterly, Volume 8, No. 4 (2010), pp. 3-9 Central Asia-Caucasus
More informationStatistical Appendix
Statistical Appendix The IMF s Middle East and Central Asia Department (MCD) countries and territories comprise Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Iran, Iraq,
More informationEconomic Development: Miracle, Crisis and Regionalism
Economic Development: Miracle, Crisis and Regionalism Min Shu School of International Liberal Studies Waseda University 18 Dec 2017 IR of Southeast Asia 1 Outline of the Lecture Southeast Asian economies
More informationAid for Trade in Asia and the Pacific: ADB's Perspective
Aid for Trade in Asia and the Pacific: ADB's Perspective Juzhong Zhuang Assistant Chief Economist Economics and Research Department Asian Development Bank GTAP Conference Roundtable Discussion: Towards
More informationTrade, Growth and Poverty in the context of Lao PDR
Trade, Growth and Poverty in the context of Lao PDR Dr. Yan Wang Senior Economist The World Bank Ywang2@worldbank.Org Prepared for the joint workshop on Lao PDR: Trade and The Integrated Framework Vientiane
More informationCurrent Situation and Outlook of Asia and the Pacific
ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of International Economic Summit 2013 Eleventh Bank Annual International Seminar Macroeconomic Policies for Sustainable Growth with
More informationWest Asia Regional Economic Outlook UN DESA Expert Group Meeting. October 2015 Jose A. Pedrosa-Garcia ESCWA
West Asia Regional Economic Outlook 2015 UN DESA Expert Group Meeting United Nations Economic and Social Commission for Western Asia October 2015 Jose A. Pedrosa-Garcia ESCWA The views expressed in this
More informationTrade Finance Monitor. International Monetary Fund / BAFT-IFSA 6th Annual Trade Finance Survey
Trade Finance Monitor International Monetary Fund / BAFT-IFSA 6th Annual Trade Finance Survey November 211 2 The 6th IMF/BAFT-IFSA Survey Key Findings and Observations International Monetary Fund November
More informationOverview of East Asia Infrastructure Trends and Challenges
Overview of East Asia Infrastructure Trends and Challenges Christian Delvoie. Director, Knowledge Strategy Group, The World Bank Until September 28: Director, Sustainable Development, East Asia and Pacific
More informationComparative Economic Development
Chapter 3 Comparative Economic Development Principles and Concepts 1 I. Common characteristics of developing countries These features in common are on average and with great diversity, in comparison with
More informationWhere is India Losing Out?
Where is India Losing Out? Avinash Dixit, Princeton University ISI Kolkata Public Seminar 14 December 2015 India versus China? n Comparison usually unfavorable to India. n But recent optimism (and schadenfreude)
More informationEdexcel (B) Economics A-level
Edexcel (B) Economics A-level Theme 2: The Wider Economic Environment 2.4 Life in a Global Economy 2.4.2 Developed, emerging and developing economies Notes Indicators of growth: o GDP per capita GDP per
More informationPakistan s Economy: Opportunities and Challenges I have been asked to speak today on the subject of Opportunities and Challenges for Pakistan s
Pakistan s Economy: Opportunities and Challenges I have been asked to speak today on the subject of Opportunities and Challenges for Pakistan s Economy. I have a very simple take on this. The current economic
More informationThe Economies in Transition Project LINK Conference New York, NY October 2012
United Nations Economic Commission For Europe The Economies in Transition Project LINK Conference New York, NY October 2012 Robert C. Shelburne UN Economic Commission for Europe LINK Contributers Russia
More informationVIII. Government and Governance
247 VIII. Government and Governance Snapshot Based on latest data, three-quarters of the economies in Asia and the Pacific incurred fiscal deficits. Fiscal deficits also exceeded 2% of gross domestic product
More informationDirector, H.C. Drew Center for Business and Economic Analysis JP Morgan Chase Bank Endowed Professor of Business, USA
Asian Economic and Financial Review ISSN(e): 2222-6737 ISSN(p): 2305-2147 DOI: 10.18488/journal.aefr.2018.810.1226.1238 Vol. 8, No. 10, 1226-1238 URL: www.aessweb.com REMITTANCES AND REAL EXCHANGE RATES
More informationprogress in Regional cooperation and integration
progress in Regional cooperation and integration Introduction With the global economy immersed in double-track growth emerging economies expanding faster than advanced countries is forging ahead in part
More informationDevelopment Strategy. for. Myanmar
Development Strategy for Myanmar Masahiko Ebashi Myat Thein Contents 1. Present Status of the Economy 2. Characteristics of Current Economic Policies of Myanmar 3. Key Issues to be tackled a. Rural development
More informationHIGHLIGHTS. Part I. Sustainable Development Goals. People
xxix HIGHLIGHTS Part I. Sustainable Development Goals The Millennium Development Goals (MDGs) had shaped development policies around the world with specific, time-bound, and quantifiable targets since
More informationThe economic implications of the Eurozone crisis on Ukraine
Policy Briefing Series [PB/03/2013] The economic implications of the Eurozone crisis on Ukraine Identification and quantitative assessment of transmission channels Robert Kirchner, Ricardo Giucci, Vitaliy
More informationTrade led Growth in Times of Crisis Asia Pacific Trade Economists Conference 2 3 November 2009, Bangkok. Session 10
Trade led Growth in Times of Crisis Asia Pacific Trade Economists Conference 2 3 November 2009, Bangkok Session 10 Trade and Social Development: The Case of Asia Nilanjan Banik Asia Pacific Research and
More informationINDEPENDENT EVALUATION GROUP INDONESIA: COUNTRY ASSISTANCE EVALUATION APPROACH PAPER
April 26, 2006 Country Background INDEPENDENT EVALUATION GROUP INDONESIA: COUNTRY ASSISTANCE EVALUATION APPROACH PAPER 1. From the mid-1960s until 1996, Indonesia was a development success story. From
More informationReg ional Economic Ou O tl ttlook Middle East and Central Asia Department Middle International Monetary Fund October 2009
Regional Economic Outlook Middle East and Central Asia Department International Monetary Fund October 29 1 Caucasus and Central Asia Energy exporters Energy importers Southwestern Asia 2 October 29 Outline
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION STAFF WORKING PAPER ANNEX TO THE PROPOSAL FOR A COUNCIL DECISION
EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 7.4.2008 SEC(2008) 417 COMMISSION STAFF WORKING PAPER ANNEX TO THE PROPOSAL FOR A COUNCIL DECISION on the eligibility of Central Asian countries
More informationVulnerabilities and Challenges: Asia
Global Development Network GDN 14 th Annual Global Development Conference 19-21 June 2013 ADB Manila Vulnerabilities and Challenges: Asia Vinod Thomas Director General, Independent Evaluation Asian Development
More informationPRIVATE CAPITAL FLOWS RETURN TO A FEW DEVELOPING COUNTRIES AS AID FLOWS TO POOREST RISE ONLY SLIGHTLY
The World Bank News Release No. 2004/284/S Contacts: Christopher Neal (202) 473-7229 Cneal1@worldbank.org Karina Manaseh (202) 473-1729 Kmanasseh@worldbank.org TV/Radio: Cynthia Case (202) 473-2243 Ccase@worldbank.org
More informationThe Challenge of Inclusive Growth: Making Growth Work for the Poor
2015/FDM2/004 Session: 1 The Challenge of Inclusive Growth: Making Growth Work for the Poor Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Cebu, Philippines
More informationOutlook for migration and remittances
Outlook for migration and remittances 2012-15 Dilip Ratha World Bank November 27, 2012 Development Prospects Group (DECPG) BBL Washington, D.C. Outline Cyclical trends for 2012-15 Long-term structural
More informationRegional Economic Outlook
World Economic and Financial Surveys Regional Economic Outlook Middle East and Central Asia SEPT 06 I N T E R N A T I O N A L M O N E T A R Y F U N D 2006 International Monetary Fund The views expressed
More informationStimulating Investment in the Western Balkans. Ellen Goldstein World Bank Country Director for Southeast Europe
Stimulating Investment in the Western Balkans Ellen Goldstein World Bank Country Director for Southeast Europe February 24, 2014 Key Messages Location, human capital and labor costs make investing in the
More informationA REBALANCING ACT IN EMERGING EUROPE AND CENTRAL ASIA. April 17, 2015 Spring Meetings
A REBALANCING ACT IN EMERGING EUROPE AND CENTRAL ASIA April 17, 2015 Spring Meetings A Rebalancing Act in Emerging Europe and Central Asia ECA is expected to be the slowest growing region worldwide with
More informationGlobal Imbalances 2017 External Sector Report
International Monetary Fund Global Imbalances 2017 External Sector Report Gustavo Adler and Luis Cubeddu IMF Research Department Bruegel Brussels, September 26, 2017 Roadmap I. Recent developments II.
More informationTHE BARCELONA PARTNER COUNTRIES AND THEIR RELATIONS WITH THE EURO AREA
THE BARCELONA PARTNER COUNTRIES AND THEIR RELATIONS WITH THE EURO AREA On 15 January 24 the Eurosystem held its first high-level seminar with the central banks of the 12 partner countries of the Barcelona
More informationAsian Development Bank
Asian Development Bank October 2015 President Takehiko Nakao Azerbaijan ADB Regional Members(48 economies) Uzbekistan Kazakhstan Georgia Armenia Turkmenistan Afghanistan Pakistan Kyrgyz Republic Mongolia
More informationSoutheast Asian Economic Outlook: With Perspectives on China and India Thematic focus: Narrowing development gaps 2013 edition
Southeast Asian Economic Outlook: With Perspectives on China and India Thematic focus: Narrowing development gaps 2013 edition November 2012, Bangkok, Thailand Kensuke Tanaka Head of Asia Desk OECD Development
More informationThe economic crisis in the low income CIS: fiscal consequences and policy responses. Sudharshan Canagarajah World Bank June 2010
The economic crisis in the low income CIS: fiscal consequences and policy responses Sudharshan Canagarajah World Bank June 2010 Issues addressed by this presentation 1. Nature and causes of the crisis
More informationMigration and Remittance Trends A better-than-expected outcome so far, but significant risks ahead
Migration and Remittance Trends 2009-11 A better-than-expected outcome so far, but significant risks ahead Dilip Ratha (with Sanket Mohapatra and Ani Rudra Silwal) World Bank Global Forum for Migration
More informationThe Role of the African Development Bank in Assisting Member States to Cope with the Global Financial Crisis
The Role of the African Development Bank in Assisting Member States to Cope with the Global Financial Crisis Tripartite Workshop on the Impact of the Financial Crisis on Finance Sector Workers in Selected
More informationVIETNAM FOCUS. The Next Growth Story In Asia?
The Next Growth Story In Asia? Vietnam s economic policy has dramatically transformed the nation since 9, spurring fast economic and social development. Consequently, Vietnam s economy took off booming
More informationAPEC Regional Trends Analysis: Growth Proceeds As Uncertainty Increases
2017/SOM1/EC/004 Agenda Item: 7a APEC Regional Trends Analysis: Growth Proceeds As Uncertainty Increases Purpose: Information Submitted by: Policy Support Unit, APEC Secretariat First Economic Committee
More informationPerspective on India - Germany Trade Relations and the way forward
Perspective on India - Germany Trade Relations and the way forward Ajay Durrani 04.10.2018 covestro.com Forward-looking statements This presentation may contain forward-looking statements based on current
More informationThe repercussions of the crisis on the countries of Latin America and the Caribbean
The repercussions of the crisis on the countries of Latin America and the Caribbean Second Meeting of Ministers of Finance of the Americas and the Caribbean Viña del Mar (Chile), 3 July 29 1 Alicia Bárcena
More informationEconomic Trends Across the Asia Pacific Region. Pansy Yau Deputy Director of Research
Economic Trends Across the Asia Pacific Region Pansy Yau Deputy Director of Research 2 Rebalancing of the World Economy % 70.00 65.00 60.00 55.00 50.00 45.00 40.00 35.00 Share of world total GDP (PPP)
More informationTHE FASTEST GROWING LEAST DEVELOPED COUNTRIES
Wioletta NOWAK University of Wroclaw THE FASTEST GROWING LEAST DEVELOPED COUNTRIES Case Study Keywords Economic development, Economic growth, LDCs JEL Classification O11, O47, O57 Abstract The paper presents
More informationUNCERTAINTY CHIPPING AWAY AT LEBANON S ECONOMY
N 48 September 2016 Page 3 Loan growth accelerates as deposits pick up Page 4 Government reports primary surplus of $250m in April Page 5 Lebanon received $775m through July in Syrian refugee aid Page
More informationThe views expressed in this document are those of the ADB staff and do not necessarily reflect the views and policies of the Asian Development Bank
The views expressed in this document are those of the ADB staff and do not necessarily reflect the views and policies of the Asian Development Bank or its Board of Governors or the governments they represent.
More informationGovernor Agus D.W. Martowardojo At the High-Level International Seminar Global Economic Outlook in ASEAN Perspective Bank Indonesia April 28, 2017
Governor Agus D.W. Martowardojo At the High-Level International Seminar Global Economic Outlook in ASEAN Perspective Bank Indonesia April 28, 2017 Learn from the Past, Seize Opportunities, and Enhance
More informationCambridge International Examinations Cambridge Ordinary Level
Cambridge International Examinations Cambridge Ordinary Level *7513078077* ECONOMICS 2281/23 Paper 2 Structured Questions October/November 2015 No Additional Materials are required. READ THESE INSTRUCTIONS
More informationSECURITY RISKS ADD TO ECONOMIC UNCERTAINTY IN LEBANON
N 46 July 2016 Page 3 Room rates tumble in Beirut as Gulf tourists keep away Page 4 Public debt sees slower growth, default risk rises Page 5 Trade deficit widens to $6.8bn through May on rising fuel imports
More informationInequality in Indonesia: Trends, drivers, policies
Inequality in Indonesia: Trends, drivers, policies Taufik Indrakesuma & Bambang Suharnoko Sjahrir World Bank Presented at ILO Country Level Consultation Hotel Borobudur, Jakarta 24 February 2015 Indonesia
More informationChina Development Bank Financial Research Centre. The Chinese Economy: Myths and Realities
China Development Bank Financial Research Centre The Chinese Economy: Myths and Realities by Lawrence J. Lau Working Paper No. 1 July 21 Institute of Global Economics and Finance The Chinese University
More informationCAMBODIA ECONOMIC UPDATE
Public Disclosure Authorized Public Disclosure Authorized CAMBODIA ECONOMIC UPDATE April 2017 STAYING COMPETITIVE THROUGH IMPROVING PRODUCTIVITY Public Disclosure Authorized Public Disclosure Authorized
More informationThe Chinese Economy. Elliott Parker, Ph.D. Professor of Economics University of Nevada, Reno
The Chinese Economy Elliott Parker, Ph.D. Professor of Economics University of Nevada, Reno The People s s Republic of China is currently the sixth (or possibly even the second) largest economy in the
More informationvi. rising InequalIty with high growth and falling Poverty
43 vi. rising InequalIty with high growth and falling Poverty Inequality is on the rise in several countries in East Asia, most notably in China. The good news is that poverty declined rapidly at the same
More informationARANGKADA PHILIPPINES 2010: A BUSINESS PERSPECTIVE. Figure 10: Share in world GDP,
Living in the High Growth Neighborhood The Philippines is located in the world s fastest growing region. Figure 10 shows that the ASEAN-6 plus 4 (China, India, Japan, and Korea) in 2009 had about the same
More informationAfrica s Recovery from the Global Recession: Challenges and Opportunities
Africa s Recovery from the Global Recession: Challenges and Opportunities Professor Hassan Y. Aly Chief Research Economist The African Development Bank At the WB, Egypt April 24, 2010 Key Messages I. Africa
More informationSRI LANKA ECONOMICS - A NEW CHAPTER BEGINS
SRI LANKA ECONOMICS - A NEW CHAPTER BEGINS Dr. Prakriti Sofat Sri Lanka: A new chapter begins Tourism, BPO and manufacturing are key sectors ripe for FDI At the same time public investment should get a
More informationChapter 2 Comparative Economic Development
Chapter 2 Comparative Economic Development Common characteristics of developing countries These features in common are on average and with great diversity, in comparison with developed countries: Lower
More information