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The Resource Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino

Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino

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Author
Contributor
Summary
This Article IV Consultation highlights Bulgaria's economic performance, which remains robust, but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulgaria faces a sizable income gap vis-a-vis the EU average and unfavorable demographic prospects. The main policy challenge is to raise growth potential, which calls for broad-based structural reforms to improve public goods provision and institutions. The Article IV discussions focused on medium-term reforms to improve public goods provision and raise potential growth and on near-term policies to enhance financial sector stability. Fiscal policy is broadly appropriate, but the efficiency of spending and revenue administration could be further improved. Stronger public investment management would improve investment efficiency and transparency. Better performance of state-owned enterprises would help raise growth potential and mitigate fiscal risks. Bank profits have risen and nonperforming loan levels have continued to decline, although they are still high among EU countries. The central bank should ensure that banks with high levels nonperforming loans have adequate capital buffers
Language
eng
Work
Publication
Extent
1 online resource (61 pages)
Isbn
9781498304887
Instance
Label
Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino
Title
Republic of San Marino
Title remainder
2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This Article IV Consultation highlights Bulgaria's economic performance, which remains robust, but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulgaria faces a sizable income gap vis-a-vis the EU average and unfavorable demographic prospects. The main policy challenge is to raise growth potential, which calls for broad-based structural reforms to improve public goods provision and institutions. The Article IV discussions focused on medium-term reforms to improve public goods provision and raise potential growth and on near-term policies to enhance financial sector stability. Fiscal policy is broadly appropriate, but the efficiency of spending and revenue administration could be further improved. Stronger public investment management would improve investment efficiency and transparency. Better performance of state-owned enterprises would help raise growth potential and mitigate fiscal risks. Bank profits have risen and nonperforming loan levels have continued to decline, although they are still high among EU countries. The central bank should ensure that banks with high levels nonperforming loans have adequate capital buffers
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Cataloging source
YOU
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IMF eLibrary
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://bibfra.me/vocab/lite/organizationName
International Monetary Fund
http://library.link/vocab/relatedWorkOrContributorName
IMF e-Library - York University
Series statement
IMF Staff Country reports
http://library.link/vocab/subjectName
  • International Monetary Fund
  • International Monetary Fund
  • Banks and banking
  • Banks and banking
  • San Marino
Label
Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1104911109
Dimensions
unknown
Extent
1 online resource (61 pages)
Form of item
online
Isbn
9781498304887
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498304887.002
Specific material designation
remote
System control number
(OCoLC)1104911109
Label
Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1104911109
Dimensions
unknown
Extent
1 online resource (61 pages)
Form of item
online
Isbn
9781498304887
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498304887.002
Specific material designation
remote
System control number
(OCoLC)1104911109

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