In completing the fifth review, the Executive Board also approved the authorities requests for a modification of performance criteria and indicative targets for September
The three-year ECF arrangement in the amount equivalent to SDR 30 million (about
Following the Executive Board's discussion on
Revenue slippages that emerged in the first quarter of the year were addressed through corrective measures which formed the basis for a revised budget that was adopted by parliament. Sustaining revenue mobilization, enhancing tax administration, and rationalizing discretionary exemptions are critical to the success of the economic program.
Monetary policy should continue to focus on stabilizing inflation expectations. While underlying inflation has declined in recent months, a potential fiscal deterioration financed by recourse to central bank financing could reignite inflation and reverse recent gains.
Debt sustainability remains the anchor underpinning medium-term fiscal policy.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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