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This paper analyzes the degree to which volatility in interbank interest rates leads to...

Precautionary arrangements: The Executive Board approved on February 2, 2015 a Stand-By...

This paper requests an extension of the 12-month Stand By Arrangement and the Standby Credit...

Many low-income countries do not use interest rates as their main monetary policy instrument. In...

This paper discusses Kenya's First Review Under the Twelve-Month Stand-by Arrangement and the...

This paper takes stock of the main fiscal risks facing the EAC partner countries. These include...