Press Release: IMF Announces Staff-Level Agreement with Moldova for Extended Credit Facility/Stand-by Arrangement of About US$ 600 Million Oct 29, 2009
The main objectives of the program are to support macroeconomic stabilization, economic recovery and increased social spending to protect the poor on the basis of a framework of economic and financial policies for 2010-12. Mr. Gueorguiev welcomed the government's commitment to restore fiscal and external sustainability, preserve financial stability, and support investment-led growth. (IMF News)
Press Release: Crisis Hits Low-Income Countries Worse than Anticipated, but Flexible Program Design has Given Governments Greater Policy Space to Respond, IMF Studies Show Oct 2, 2009
However, past gains from macroeconomic stabilization and debt reduction, together with some increase in aid, have created space in many countries for countercyclical policies, and Fund-supported programs have accommodated such policies to address the impact of the global food, fuel and financial crises, according to two International Monetary Fund (IMF) studies published today. The IMF announced an unprecedented increase in its aid to low-income countries in July, including an increase in... (IMF News)
Setting the records straight: What Duffuor wrote to the IMF Aug 12, 2009
The Government of Ghana has adopted a comprehensive program of macroeconomic Stabilization and reform. This memorandum sets out Ghanas economic and financial policies for the period July 2009-June 2012, to be supported by the International Monetary Fund under a three-year PRGF arrangement. (Ghana Web, Ghana)
The 2009 Budget is not Growth Aggressive Jul 4, 2009
Macroeconomic stabilization generally involves ensuring price stability, high employment, economic growth, foreign account and fiscal equilibrium ... In 2001 the NPP adopted a macroeconomic stabilization course backed by a clear reflationary action framework which used the private sector as the catalyst for accelerated growth ... In 2009, however, the NDC appears to adopt a macroeconomic stabilization course, which seems deflationary in growth orientation and lacks internal consistency to... (Ghana Web, Ghana)
Ghana to host second PACF Conference Jun 20, 2009
Cluster development initiatives are important new direction in economic policy, building on macroeconomic stabilization, privatization, market opening, and reducing the costs of doing business. Clusters to participate in the Forum include horticulture, vegetable, handicraft and yam exporters, and furniture and jewellery manufacturers. (Ghana Web, Ghana)
Press Release: IMF Executive Board Approves Targeted Technical Assistance to Zimbabwe May 7, 2009
In taking this decision, the Executive Board took into account a significant improvement in Zimbabwe s cooperation on economic policies to address its arrears problems and severe capacity constraints in the IMF s core areas of expertise that represent a major risk to the implementation of the government s macroeconomic stabilization program. Zimbabwe has been in continuous arrears to the IMF since February 2001 and is the only case of protracted arrears to the PRGF-ESF Trust, which currently... (IMF News)
Press Release: Statement at the Conclusion of an IMF Mission to Seychelles Feb 14, 2009
"In early 2009, signs of success of the reform effort are beginning to appear and the mission believes the program will achieve its macroeconomic stabilization and reform objectives. The exchange rate stabilized and the parallel exchange market has disappeared. Interest rates have begun to ease from their peak, and inflation is declining sharply, thanks to the tightened fiscal and monetary policies. However, 2009 will be a challenging year, as Seychelles is being hard hit by the deterioration in... (IMF News)
