The government’s strong monetary and fiscal policy framework, as well as the structural reforms introduced, have enabled the Canadian economy to respond flexibly to recent shocks and laid a solid foundation for recovery. Macroeconomic policies should remain supportive, with fiscal policy...

This paper discusses key findings of the Third Review Under the Extended Credit Facility (ECF) for Niger. Program implementation to date is satisfactory and all quantitative performance criteria at end-June 2009 were met. The revenue performance is strong and domestic arrears repayment higher...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement for Burundi. Macroeconomic performance under the PRGF-supported program in 2006 was broadly in line with the program. All end-June and end-September 2006 quantitative...

The staff report for the Fifth and Sixth Reviews Under the Poverty Reduction and Growth Facility Arrangement discusses Zambia’s strong macroeconomic performance and budget execution. High copper prices and extensive debt relief helped to strengthen Zambia’s external position and...

This 2007 Article IV Consultation highlights that Côte d’Ivoire’s crisis has taken a heavy toll on growth and social conditions. Per capita income fell by one-sixth, poverty rose, and many social indicators worsened. These developments have also hurt regional trade and output. The external...

The global crisis exacerbated the Slovenian economy’s previous imbalances in the fiscal, financial, and real sectors. The authorities agreed that fiscal consolidation including pension, health care, and financial management is essential for sustainable recovery. The Bank of Slovenia...

Burundi showed commendable performance owing to its prudent macroeconomic policies and ambitious structural reforms under the Poverty Reduction and Growth Facility (PRGF). Executive Directors appreciated its macroeconomic stability, strong fiscal discipline, and prudent monetary policies in...

This paper discusses Tajikistan’s Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criterion. The macroeconomic outcome in the first quarter of 2005 was satisfactory, but the deteriorating external environment will make it harder to...

Iraq’s 2005 Article IV Consultation reports that there has been a marked deterioration in Iraq’s human development indicators over the last twenty years. There is relatively little firm data on the balance of payments other than on oil exports, government imports of goods and...