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Statement at the end of an IMF Staff Review Mission to Tunisia PDF Imprimare
Miercuri, 10 Aprilie 2019 08:35



      An International Monetary Fund (IMF) staff team led by Björn Rother visited Tunisia from March 27 to April 9 to discuss the authorities’ economic reform program and their policy plans for the Fifth Review supported by the IMF Extended Fund Facility (EFF) arrangement. At the end of the visit, Mr. Rother made the following statement:

     “We had constructive discussions with the authorities on their economic reform policies needed to complete the Fifth Review under the EFF arrangement. The Tunisian authorities are moving decisively on a policy agenda to stabilize and reform the economy, taking into account the strained socio-political situation in the run-up to Parliamentary and Presidential elections later this year. The Tunisian authorities and IMF staff have reached mutual understandings on most issues and agree that the authorities need some more time to fully flesh out their policy proposals in a few areas. Discussions will continue in Washington, DC, over the coming days.


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Prima misiune lunară privată intră pe orbită în jurul Lunii PDF Imprimare
Vineri, 05 Aprilie 2019 12:06

              Render of the Beresheet lander on the Moon's surface

       Render of the Beresheet lander on the Moon's surface(Credit: SpaceIL)

   A historic mission to the Moon is approaching its crescendo, with the Israeli-built Beresheet lander today entering orbit around our biggest satellite and preparing to close in on its surface. If successful, it will become the first privately built spacecraft to touch down on the Moon, and would make Israel just the fourth nation to do so after the US, the Soviet Union and China.

    Beresheet, which is Hebrew for "In the Beginning," launched from Cape Canaveral in February atop a SpaceX Falcon 9 rocket, where it became the first private mission to the Moon to reach lift-off. Originally built for the Google Lunar XPrize competition (which ended with no winner), the spacecraft is actually the lightest ever sent to the Moon with a mass of just 1,322 lb (600 kg).


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Mongolia Subscribes to the IMF’s Special Data Dissemination Standard PDF Imprimare
Miercuri, 03 Aprilie 2019 08:52


   Mongolia subscribed today to the International Monetary Fund’s Special Data Dissemination Standard (SDDS), the first case where implementation of the enhanced General Data Dissemination System (e-GDDS) has facilitated advancement to the SDDS. Under the e-GDDS, Mongolia launched a National Summary Data Page—a one-stop online publication portal—laying the foundation for moving to the next tier of IMF data standards, the SDDS. In this process, Mongolia has benefitted from a project in the Improvement of Data Dissemination in the Asia and Pacific Region, financed by the Japanese government, which aims to assist countries to improve data dissemination under IMF’s data standards initiatives.


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Great white sharks are able to tolerate the negative effects of heavy metals PDF Imprimare
Marţi, 02 Aprilie 2019 18:18


The blood used in the study was drawn from 43 great white sharks that were captured...


  The blood of great white sharks found in the waters off the coast of South Africa has been found to contain quantities of heavy metals that would be dangerously toxic to other forms of marine life, according to a newly published study. The results suggest that the apex predators have an inbuilt ability to tolerate the negative effects of the heavy metals, and that the blood analysis could be used as an indicator for the health of the marine ecosystem in which they live.

   A great white shark is without doubt one of the most imposing denizens of the deep that you could ever hope to not encounter. Thanks largely to their portrayal on the big screen, they have essentially become the bogeymen of the ocean, and outwardly at least, they fit the bill. White sharks can grow up to 20 ft (6 m)long, and are famed for their large dead eyes, and rows upon rows of jagged teeth.


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the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation PDF Imprimare
Miercuri, 27 Martie 2019 11:20



    the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Republic of San Marino.

     San Marino’s growth momentum moderated in 2017 on the back of weak external demand and increased financial sector uncertainties, which contributed to sizable deposit outflows. Deposit outflows have abated in recent months, yet the banking system’s fragilities remained elevated owing to poor asset quality, sizable capital shortfalls, high operating costs, and low liquidity. Repeated capital injections to the state-owned bank, Cassa di Risparmio della Repubblica di San Marino, contributed to persistent fiscal deficits, while a full and upfront cost recognition of past bank interventions by the state poses significant stability risks.

    San Marino made progress in improving the business climate and increasing labor market flexibility, yet—absent swift and significant policy actions to restore banking system viability, support credit conditions, and mitigate fiscal risks—growth prospects are projected to remain weak. Real GDP is projected to grow by one percent on average in 2018–19, supported by exports and investment while final consumption is set to further contract as household continue to deleverage. Over the medium term, growth is projected to further moderate as the completion of the investment project in 2019 and tight credit conditions will drag down investment growth, while less favorable external conditions will lower export growth. Elevated financial and fiscal fragilities pose significant downside risks, especially given the central bank’s low liquidity buffers, inadequate powers and tools, and lack of external market access.


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