Effective administration of public revenues derived from the petroleum and mining industries gets a boost with the release of a new IMF handbook. Policymakers and government officials in charge of administering oil, gas and mining revenues now have practical guidelines at their disposal.
In its latest assessment of the Japanese economy, the IMF said the recent economic reforms are taking hold, but they need to be more comprehensive and sustained for an extended period. This would help achieve the new inflation target and guard against headwinds from a shrinking labor force and a large fiscal adjustment need.
After three decades of remarkable growth, China’s economy has been slowing. The country needs to implement the announced reform agenda and address vulnerabilities to secure a safer development path, said the IMF.
The job of reducing external imbalances is not complete, says an updated analysis by IMF staff. The 2014 Pilot External Sector Report recognizes substantial progress relative to the pre-crisis peak imbalances, but sees much smaller progress more recently, and some cases of widening imbalances.
SDR Rates for August 27
SDR Interest Rate = 0.07%| 1 USD = SDR 0.658726MORE