Post by firoj1414 on Feb 14, 2024 15:29:09 GMT 6
The IMF staff report points out among its considerations, releasing exchange restrictions, the need to adjust public rates and warns that the economy will enter a process of stagflation in the short term. He expects inflation to gradually decline and activity to begin to recover by the end of the year. It is worth remembering that, in the WEO, it was established that Argentina this year will face a GDP drop of 2.8% but that in 2025 there will be an expansion of activity of around 5%. Likewise, inflation this year will be at 150%. Find out more We are prepared for a soft landing, but we are still 50 feet from the ground and we know that until we touch the ground, it is not guaranteed, the IMF managing director stressed. In its Staff Report, the IMF ratifies plans to launch a debt swap in pesos.
It describes the inheritance received, which highlights the increase in poverty, the deterioration of real wages, which are 23% below 2016 levels. Regarding the external debt, it is evaluated as “sustainable, but not with high probability.” Fiscal adjustment measures that include updating rates, adjustments in public administration, structural reforms of the economy. Below are the main Mongolia Email List definitions: Dollar and release from the stocks Following a major realignment of the exchange rate, exchange Dominican Republic Email List rate policy will continue to be carefully calibrated to ensure a decisive reserve accumulation trend. Before December's large devaluation of approximately 120%, the real exchange rate was estimated to be between 35% and 40% stronger than the level implied by medium-term fundamentals . The devaluation (which moved the nominal official exchange rate from allowed an initial real excess, which has been essential to immediately rebuild reserves and avoid a balance of payments crisis.
Following the exchange rate overshoot, authorities set the initial official devaluation rate at 2% per month to help anchor inflation, while communicating that fiscal policy remained their main policy anchor. Looking ahead, the authorities agreed that exchange rate policy would evolve in a manner consistent with reserve accumulation objectives that avoids a rapid erosion of previous competitiveness gains, while the new monetary policy anchor would take on the role of anchoring the inflation. Change control The authorities plan in this matter: Eliminate the remaining preferential export scheme by June Completely reverse the country tax (and other withholding taxes on imports) by the end of 2024, or sooner as conditions permit. Meanwhile, the authorities have committed to undo any remaining multi-currency policies and currency restrictions this year and to develop a roadmap to this end end-March restarted end-June.
It describes the inheritance received, which highlights the increase in poverty, the deterioration of real wages, which are 23% below 2016 levels. Regarding the external debt, it is evaluated as “sustainable, but not with high probability.” Fiscal adjustment measures that include updating rates, adjustments in public administration, structural reforms of the economy. Below are the main Mongolia Email List definitions: Dollar and release from the stocks Following a major realignment of the exchange rate, exchange Dominican Republic Email List rate policy will continue to be carefully calibrated to ensure a decisive reserve accumulation trend. Before December's large devaluation of approximately 120%, the real exchange rate was estimated to be between 35% and 40% stronger than the level implied by medium-term fundamentals . The devaluation (which moved the nominal official exchange rate from allowed an initial real excess, which has been essential to immediately rebuild reserves and avoid a balance of payments crisis.
Following the exchange rate overshoot, authorities set the initial official devaluation rate at 2% per month to help anchor inflation, while communicating that fiscal policy remained their main policy anchor. Looking ahead, the authorities agreed that exchange rate policy would evolve in a manner consistent with reserve accumulation objectives that avoids a rapid erosion of previous competitiveness gains, while the new monetary policy anchor would take on the role of anchoring the inflation. Change control The authorities plan in this matter: Eliminate the remaining preferential export scheme by June Completely reverse the country tax (and other withholding taxes on imports) by the end of 2024, or sooner as conditions permit. Meanwhile, the authorities have committed to undo any remaining multi-currency policies and currency restrictions this year and to develop a roadmap to this end end-March restarted end-June.