IMF's staff measure progress through its capacity development to member countries by the difference it can make to people's lives.
Needless to say I remain the sole responsible for any remaining mistake.
10637 Issued in July 2004 NBER Program(s): Public Economics Ratios of public debt as a share of GDP in Brazil, Colombia, and Mexico were 10 percentage points higher on average during 1996-2002 than in the period 1990-1995.
In contrast, public debt ratios are found to be unsustainable in all four countries for plausible changes to lower average growth rates or higher real interest rates.
Moreover, sustainable debt ratios fall sharply when default risk is taken into account. "Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America The Cases of Brazil, Colombia, Costa Rica and Mexico," Economia Mexicana NUEVA EPOCA, , vol. Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities.The IMF’s Monetary and Capital Markets Department has developed a new tool, Financial Sector Stability Reviews (FSSRs), which provides diagnostics upon which financial sector reform programs can be built and implemented.FSSRs assess country-specific risks, the adequacy of institutional frameworks and capacity in the areas of financial regulation, in addition to supervision and crisis prevention and management.Below are some of the case studies which bring these achievements to life and show how countries' policies, supported by capacity development, are put into practice.Back to Top The Salvadoran authorities wanted to develop a strategy to enhance financial stability through stronger financial oversight and improved crisis prevention and management.The IMF also worked with individual countries to support adoption of the indicators.Such efforts were successful even in fragile states, such as South Sudan, which helped facilitate supervision of the financial and non-financial sectors in this fledgling economy.We provide an answer to this question based on the quantitative predictions of a variant of the framework proposed by Mendoza and Oviedo (2004).This methodology yields forward-looking estimates of debt ratios consistent with fiscal solvency for a government that faces revenue uncertainty and can issue only non-state-contingent debt.Back to Top To support its reform and opening-up efforts, Myanmar needed to significantly boost its capacity in macroeconomic management, essential for maintaining macroeconomic stability and achieving sustainable, inclusive growth.After careful reviews of Myanmar's needs and constraints, the IMF developed holistic capacity development programs, including training, largely funded by Japan, the European Union, and other development partners, targeting the most critical areas of reform.