This paper seeks Board approval of a phased migration strategy for implementing the GFSM 2001 as the standard for Fund fiscal data. The financial crisis has underscored the need for better and more comparable fiscal data, including on government assets and liabilities. In 2005, the Board...

The Federal Democratic Republic of Ethiopia’s 2005 Article IV Consultation reports that domestic credit growth has accelerated, driven by strong demand from the government, public enterprises, and the private sector. High import content, particularly from public infrastructure...

This paper presents findings of the First Review Under the Stand-By Arrangement (SBA) for the Republic of Kosovo. The paper highlights that macroeconomic and financial policies are broadly on-track. All end-April and continuous quantitative performance criteria under the SBA were met with...

This staff report discusses the Republic of Kosovo’s request for a Stand-By Arrangement. Kosovo is in the final stages of transition to full self-governance in economic and financial affairs. Kosovo’s economy has remained largely shielded from turbulence in the euro area, owing to...

The report on the Netherlands on the Observance of Standards and Codes discusses the fiscal transparency module and the Aide-Mémoire regarding the fiscal framework. The roles and responsibilities of and within government are, in general, clearly defined and, in many areas, the Netherlands sets...

This paper focuses on Nicaragua’s Fifth and Sixth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Performance Criteria. The macroeconomic performance has been broadly satisfactory. Economic growth is...

Macroeconomic and financial vulnerabilities have intensified in recent years. Bolivia has adopted a program to stabilize the situation, and the program is broadly on track. Monetary policy is appropriately geared to support a gradual build-up of international reserves while ensuring needed...

Bosnia and Herzegovina’s Poverty Reduction Strategy paper reports that significant progress has been made since the late 1990s in building both a market economy and a single economic space. GDP growth has slowed recently following the post-conflict bounce, and the current account deficit...

This Poverty Reduction Strategy Paper for Nicaragua reports that the most pressing demand for the majority of Nicaraguans is employment generation and economic growth. The National Development Plan (NDP) gives priority to actions that improve the investment climate and promote productive...

The Slovak economy showed recovery from sharp recession. Executive Directors suggested that restoring fiscal sustainability and removing unemployment while maintaining external competitiveness within the monetary union should be given priority. The fiscal consolidation strategy could be...