1 “...The global financial crisis has tested the effectiveness of supervision under the “Twin Peaks...”

2 “..., 2012 by the Fiscal Affairs Department (FAD) of the IMF as a component of implementing FAD's technical...”

3 “... Affairs Department (FAD) during FY2013. The exercise was launched following an independent review...”

4 “... (FAD) for ten countries to which it provided advice on fiscal decentralization. The selected countries...”

5 “... assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly...”

6 “...This study was carried out in association with an FAD technical assistance mission on public...”

7 “... that the FAD technical assistance (TA) mission introduced. A comprehensive action plan has been introduced...”

8 “... Expenditure and Financial Accountability (PEFA) Assessment, and FAD technical assistance missions, which have...”

9 “... Department (FAD), Monetary and Capital Markets Department (MCM), and Statistics Department (STA). Japan...”

10 “...Surveillance also relies importantly on indicators developed by the Fiscal Affairs Department (FAD...”

11 “... in emerging markets is slowing on a broad basis since its precrisis peak and can carry noticeable spillover...”

12 “... are in their peak earning years, and their retirement will have a dramatic effect on productivity and on overall...”

13 “... possible policy responses. Inflation in Ethiopia has reached a historical peak. Following a drought-related...”

14 “... percent from the peak it had reached in 1985/86. Moreover, the external current account and fiscal...”

15 “... peak of 5.3 percent in 1994 but it subsequently slowed, reaching 3.1 percent in 1996. GDP growth picked...”

16 “... consolidation. After Belgium’s public debt-to-GDP reached a peak of about 135 percent in 1993, it was steadily...”

17 “... peak of 32 percent of GDP in 1993 to 23¾ percent of GDP in 1997 as both public and private capital...”

18 “... of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits...”

19 “... declined from its recent peak of 10.8 percent in May of 2001 to 4.8 percent at end-2002. The external...”

20 “... and in the first quarter of 1998. At the same time, inflation has fallen continuously since reaching a peak of more...”