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Kingdom Of Lesotho 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Kingdom Of Lesotho

Kingdom of Lesotho  2014 Article IV Consultation Staff Report  Press Release  and Statement by the Executive Director for the Kingdom of Lesotho PDF

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Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498357776
Size: 47.14 MB
Format: PDF
Category : Business & Economics
Languages : un
Pages : 69
View: 7291


This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels. International reserves have recovered to close to 5 months of import coverage after dipping to 3½ months of imports in 2012 in the wake of the balance of payments and fiscal crisis. The economic outlook for Lesotho is positive with strong economic growth and low inflation. Economic activity is expected to be supported by large public investment projects, including the second phase of Lesotho Highland Water Project.

Kingdom Of Lesotho

Kingdom of Lesotho PDF

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Author:
Publisher:
ISBN:
Size: 18.87 MB
Format: PDF, ePub, Mobi
Category : Competition
Languages : un
Pages : 69
View: 5002


"Lesotho achieved strong economic growth in recent years, with only moderate inflation. International reserves have largely been rebuilt, thanks to a sustained period of fiscal restraint and recovery in revenues from the Southern African Customs Union (SACU). However, unemployment remains high and poverty is widespread, especially in rural areas. Since 2012, Lesotho has been led by a coalition government with a slim majority. Outlook and risks: Growth is expected to be robust over the medium term - led by mining, construction, and services - but there are risks, mainly arising from Lesotho's heavy dependence on volatile SACU revenues. A loosening of the fiscal stance in the recently approved budget for 2014/15 threatens to erode official international reserves. The budget also indicates that recurrent expenditures - most notably the government wage bill - will remain elevated over the medium term. Policy mix: Staff recommends a more moderate easing in the fiscal stance than the budget's and curbing recurrent expenditures to allow greater investment for inclusive growth. Preserving international reserves - to ensure a secure exchange rate peg - and debt sustainability are critical for macroeconomic stability. Over time a rules-based fiscal framework could strengthen stability. Financial sector: Overall, indicators point to a sound banking system. Implementing the Financial Sector Development Strategy would improve access to financial services and support private sector development. Structural agenda: An ambitious reform effort, particularly in the fiscal area, is needed to achieve a more efficient public sector and enable private sector-led growth"--Abstract.

Sovereign Debt And Human Rights

Sovereign Debt and Human Rights PDF

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Author: Ilias Bantekas
Publisher: Oxford University Press, USA
ISBN: 019881044X
Size: 26.78 MB
Format: PDF
Category : Law
Languages : en
Pages : 640
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Sovereign debt is necessary for the functioning of many modern states, yet its impact on human rights is underexplored in academic literature. This volume provides the reader with a step-by-step analysis of the debt phenomenon and how it affects human rights. Beginning by setting out thehistorical, political and economic context of sovereign debt, the book goes on to address the human rights dimension of the policies and activities of the three types of sovereign lenders: international financial institutions (IFIs), sovereigns and private lenders.Bantekas and Lumina, along with a team of global experts, establish the link between debt and the manner in which the accumulation of sovereign debt violates human rights, examining some of the conditions imposed by structural adjustment programs on debtor states with a view to servicing their debt.They outline how such conditions have been shown to exacerbate the debt itself at the expense of economic sovereignty, concluding that such measures worsen the borrower's economic situation, and are injurious to the entrenched rights of peoples.

World Economic Outlook April 2019

World Economic Outlook  April 2019 PDF

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Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1498313485
Size: 71.30 MB
Format: PDF, Kindle
Category : Political Science
Languages : en
Pages : 216
View: 1528


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.

World Economic Outlook October 2016

World Economic Outlook  October 2016 PDF

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Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475551584
Size: 58.61 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 288
View: 2731


According to the October 2016 "World Economic Outlook," global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April’s report, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Although the market reaction to the Brexit shock was reassuringly orderly, the ultimate impact remains very unclear, as the fate of institutional and trade arrangements between the United Kingdom and the European Union is uncertain. Financial market sentiment toward emerging market economies has improved with expectations of lower interest rates in advanced economies, reduced concern about China’s near-term prospects following policy support to growth, and some firming of commodity prices. But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown. In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction. Several emerging market and developing economies still face daunting policy challenges in adjusting to weaker commodity prices. These worrisome prospects make the need for a broad-based policy response to raise growth and manage vulnerabilities more urgent than ever.

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Author: UNESCO
Publisher: UNESCO Publishing
ISBN: 923600069X
Size: 73.67 MB
Format: PDF, Kindle
Category :
Languages : ar
Pages : 483
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Al Qur N

al Qur    n PDF

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Author: Muḥammad
Publisher:
ISBN:
Size: 60.88 MB
Format: PDF
Category :
Languages : en
Pages : 640
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                  PDF

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Author: هنريك إبسن
Publisher: دار المحرر الأدبي
ISBN: 9776669123
Size: 57.50 MB
Format: PDF, ePub, Docs
Category :
Languages : ar
Pages :
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هي مسرحية تدور أحداثها في بلدة ساحلية، جنوبي النرويج، حيث تتسم الصلات بين أفرادها بالرِّباط الأُسري، وتتجسد الأواصر النَّفعية بين سكان هذه البلدة في شخوصٍ بعينهم؛ كصاحب المدبغة، والمطبعة ورئيس تحرير جريدة «رسول الشعب» التي تصدر في البلدة وتشكل الرأي العام لسكانها. وتدور المسرحية حول إشكالية رئيسة؛ هي الاستغلال وتضليل الرأي العام من أجل الحصول على ما يسمى بالحمامات السياحية، والعلاجية في هذه البلدة، ويتجلَّى في هذه الفكرة الاستغلالية إيثار المنفعة الشخصية على المنفعة العامة، والتحكم في مصادر الأموال، وزيادة نفوذ رجال الأحزاب، وإشكالية أخري فرعية يلفت الكاتب النظر إليها وهي مظاهر البزخ والترف التي تُضِرُ باقتصاديات البلاد؛ مما يهدد الطبقات الدنيا في هذه البلدة، وتسليط الضوء على مثل هذا النوع من القضايا طبيعةٌ ميزت هذا الكاتب على مدار تاريخه الروائي.

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