This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...

This paper reviews economic developments in the Comoros during 1992–95. The economic performance of the Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic...

This paper examines Dominica’s 2002 Article IV Consultation and a Request for Stand-By Arrangement (SBA). The authorities' program for 2002/03, for which support through a one-year SBA is being requested, is aimed at restoring order to the public finances and relaxing the cash constraint to...

This 2009 Article IV Consultation highlights that Malawi’s macroeconomic performance has improved significantly over the past two years, and the country’s agricultural-based economy has weathered the global economic storm relatively well. Good weather and the distribution of subsidized...

Despite the global financial and economic crisis, implementation of the government’s economic and financial program was broadly satisfactory. Growth was sustained, and the balance of payments improved markedly. The implementation of structural reforms with regard to state enterprises and the...

This Article IV Consultation reports that the economic growth of Mauritania is robust, which reflected prudent economic management, sustained donor support, and the beginning of oil production. Executive Directors observed that the return of constitutional order to Mauritania has established a...

Multilateral Consultations are a new tool of multilateral surveillance for the IMF, designed to foster action-oriented debate and policy actions on a problem of systemic or regional importance. The first multilateral consultation focused on facilitating the resolution of global imbalances while...