This paper reviews economic developments in Mali during 1990–94. In the tertiary sector, trade continued to be the leading source of value added; its share in GDP increased continuously, from 17 percent in 1989 to 18.5 percent in 1993. This was compensated by a marked decline of the share of public...

This paper reviews economic developments in Sri Lanka during 1996–98. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply....

This paper reviews economic developments in Sri Lanka during 1995–97. After slowing to 4 percent in 1996, economic growth recovered to 61⁄2 percent in 1997. The slowdown in 1996 had been mainly owing to a severe drought that affected the agricultural sector and disrupted the power supply....

After weakening in 1999, GDP growth has increased strongly in 2000, led by exports. The savings-investment gap has increased from 13⁄4 percent of GDP in 1998 to 31⁄4 percent of GDP in 1999, widening further to 7 percent of GDP in 2000. Agriculture has grown by 41⁄2 percent in 1999,...

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...

The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...