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Current Imbalances and the Adjustment
IMPACT AND RESPONSE
4 other sections not shown
adjustment process balance of payments billion borrowing Brazil Change in GDP change in import commodities conditionality counterpart deficits current account deficit decline deficit countries deflationary demand devaluation developing countries disequilibrium domestic economy drawings earned import capacity Earned plus unearned effect exchange rate expansion external accounts factors Fund resources Fund's GDP deflator imbalances impact import prices income India Indonesia industrial countries inflation investment Ivory Coast Jamaica Kenya loans long-term capital measures member countries Memo monetary OECD OECD countries Oil Facility output particularly payments adjustment payments finance payments support percent performance criteria period Peru Philippines policies private capital markets problems production real wages reduced relatively Republic of Korea reserves to imports sector sources Sri Lanka stabilization programs standby arrangements substantial Tanzania targets terms of trade Total import capacity trade balances upper credit tranches Uruguay volume World Bank Zambia