Chile 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Chile

Chile  2014 Article IV Consultation   Staff Report  Press Release  and Statement by the Executive Director for Chile PDF
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Category : Business & Economics
Languages : en
Pages : 71
View: 5665

Get Book

Book Description:
KEY ISSUES Politics: President Bachelet won the Presidential election on a platform to foster inclusive growth and reduce inequality. Her government took office in March 2014 and is launching an ambitious policy agenda that includes important reforms in several areas, including taxation, education, productivity, and energy. Outlook and risks: Chile’s global environment is shifting, with a dimmer outlook for its main export, copper, and normalization of global monetary conditions. Growth has slowed markedly, resulting in a modest output gap. The peso has depreciated, feeding into inflation. Staff projects growth to bottom out in 2014 and then gradually recover. Key risks relate to a large and lasting drop in copper prices and global financial volatility. Policy mix: The freely floating peso is working as a shock absorber and will support the economic recovery. The policy mix with broadly neutral fiscal and accommodative monetary policy is appropriate. Room for further monetary easing has narrowed but space remains if domestic demand flounders, so long as inflation expectations remain well anchored. On fiscal, given the strong public finances, automatic stabilizers should be allowed to operate unimpeded and there is space for stimuli in the event of a major downturn. The commitment to close the structural fiscal deficit by 2018 is appropriate and should be phased in a way that avoids undue drag on the recovery. Should risks materialize, the freely floating currency is the first line of defense. Growth and equity reforms: Achieving strong growth while reducing inequality will require structural reforms. The authorities’ agenda focuses on the right areas but many details remain work in progress. Clarity on the details, timetables, and prioritization will reduce uncertainty and the risk of delays. Financial stability: Risks to financial stability appear contained, but it will be important to push through with regulatory reforms underway, including initiatives currently in Congress. Further effort will be needed to close regulatory gaps, in particular bank capital requirements, relative to international benchmarks.


Revenue Statistics In Latin America And The Caribbean 2018

Revenue Statistics in Latin America and the Caribbean 2018 PDF
Author: OECD
Publisher: OECD Publishing
Category :
Languages : en
Pages : 308
View: 5965

Get Book

Book Description:
Revenue Statistics in Latin America and the Caribbean 2018 compiles comparable tax revenue statistics for 25 Latin American and Caribbean economies, the majority of which are not OECD member countries. The publication is based on the OECD Revenue Statistics database.


Extractive Industries

Extractive Industries PDF
Author: Tony Addison
Publisher: Oxford University Press
Category : Business & Economics
Languages : en
Pages : 704
View: 6445

Get Book

Book Description:
This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. New initiatives recognize that resource wealth can provide a means, when properly used, for poorer nations to decisively break with poverty by diversifying economies and funding development spending. Extractive Industries: The Management of Resources as a Driver of Sustainable Development explores the challenges and opportunities facing developing countries in using oil, gas, and mining to achieve inclusive change. While resource wealth can yield prosperity it can also, when mismanaged, cause acute social inequality, deep poverty, environmental damage, and political instability. There is a new determination to improve the benefits of extractive industries to their host countries, and to strengthen the sector's governance. Extractive Industries provides a comprehensive contribution to what must be done in this sector to deliver development, protect often fragile environments from damage, enhance the rights of affected communities, and support climate change action. It brings together international experts to offer ideas and recommendations in the main policy areas. With a breadth of collective insight and experience, it argues that more attention must be given to the development role of extractive industries, and looks to the future to explain how action on climate change will profoundly shape the sector's prospects.


                                           PDF
Author: Anthony Sampson
Publisher: العبيكان للنشر
Category : Political Science
Languages : ar
Pages : 1005
View: 786

Get Book

Book Description:
إنه أشبه بمشهد أوبرالي مهيب يحف به حرس من فرقة أكلة لحم البقر، مصطفا على جانبي السلالم المؤدية إلى القاعة، وحرس آخرون اعتمروا خوذاتهم في مؤخرة القاعة. ويحضر رئيس مجلس اللوردات، اللورد ماكاي صاحب كلاشفيرن Clashfern of Mackay Lord بزيه الرسمي. ويمشي مرتعشا إلى أسفل السلم يظهر نلسون مانديلا بقامته الطويلة النحيلة الكبير، ممسكا بيد رئيسة مجلس العموم بيتي بوثرويد. Boothroyd Betty. التي قالت فيما بعد؛ إنها دقائق خمس، كانت أعظم ما انطبع في ذاكرتها مدى حياتها. وهذا نبيل من حزب العمال كان يجلس أمامي، وقد أذن لدمعه أن ينسكب على خديه. وعزفت جوقة الحرس (من سلاح المشاة) موسيقى انكوسي سيكليلإأفريكاء 'iAfrika Sikelel Nkosi، وهي ترتيلة أنشدها الثوار السود في جنوب إفريقية لعشرات السنين. ويلقي رئيس مجلس اللوردات كلمة متواضعة، مستذكرا كيف شهدن هذه القاعة تطور الديمقراطية البطيء منذ الوثيقة العظمى Carta Magna سنة 1215، كيف شارك أبناء ورعايا بريطانيون وجنوب إفريقيون الحق الديمقراطي بالإدلاء بأصواتهم في الانتخابات على حد سواء، صوت واحد لكل منهم. ثم يقدم بحرارة الثائر السابق، الذي يبدو الآن كأنه سيد إنكليزي كريم من الطراز القديم. ويتحدث مانديلا بتؤدة، وبنبرته المؤدبة المعتادة. ورغم أن معظم الحضور لا يستطيعون سماعه بسبب تردد الصدى، فقد كان خطابا قاسيا لا يعجب الليدي تاتشر Thatcher Lady، كما تصرح فيما بعد. فهو ينظر إلى مئتي سنة خلت؛ إلى الوقت الذي استعمرت فيه بريطانيا أولا جنوب إفريقية واستولت على أرض أجداده. وذكر المستمعين كيف تقدم حزب مؤتمر جنوب إفريقية منذ ثمانين سنة بعريضة إلى مجلس العموم البريطاني، يحتج فيها على فرقة اكلة لحم البقر BccfeaIcrs، فرقة من فرق الحرم الملكي البريطاني .


World Economic Outlook April 2019

World Economic Outlook  April 2019 PDF
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Category : Political Science
Languages : en
Pages : 216
View: 2213

Get Book

Book Description:
After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined following a combination of needed regulatory tightening to rein in shadow banking and an increase in trade tensions with the United States. The euro area economy lost more momentum than expected as consumer and business confidence weakened and car production in Germany was disrupted by the introduction of new emission standards; investment dropped in Italy as sovereign spreads widened; and external demand, especially from emerging Asia, softened. Elsewhere, natural disasters hurt activity in Japan. Trade tensions increasingly took a toll on business confidence and, so, financial market sentiment worsened, with financial conditions tightening for vulnerable emerging markets in the spring of 2018 and then in advanced economies later in the year, weighing on global demand. Conditions have eased in 2019 as the US Federal Reserve signaled a more accommodative monetary policy stance and markets became more optimistic about a US–China trade deal, but they remain slightly more restrictive than in the fall.