This Selected Issues paper on Serbia’s Article IV Consultation reviews the precrisis growth paradigm and its legacy vulnerabilities. The underlying growth model proved vulnerable to shocks, being associated with a high share of nontradable, low domestic savings, and a fragile external...

This staff report on the Republic of Serbia’s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbia’s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below...

This 2014 Article IV Consultation highlights that the Serbian economy is facing serious challenges. GDP contracted by an estimated 2 percent in 2014 on account of continued falling domestic demand aggravated by floods, and weak economic activity in trading partners. This, together with the low...

The report describes the policy framework for the Interim Afghanistan National Development Strategy (I-ANDS) and the vision for Afghanistan's developments. It reviews the progress under I-ANDS, analyzes the macroeconomic environment, characteristics of poverty and the policy goals, assesses the...

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 presents the Joint Staff Advisory Note on Guinea-Bissau’s Second National Poverty Reduction Strategy Paper (PRSP II) covering 2011–15. The PRSP II, adopted by the government in July 2011, provides the framework for the implementation of a comprehensive strategy aimed at...

This paper provides an initial comprehensive framework for Afghanistan to build institutions, sustain growth, and reduce poverty. First, macroeconomic, political, and security risks were identified. As the interim strategy presents a very ambitious five-year framework, there is an urgent need...

The Seventh National Development Plan of the Maldives envisages sustainable development with economic growth, social equity, environment protection, and good governance. The report assesses the policies and strategies needed to achieve the goals as well as the agencies responsible to implement...

Although Afghanistan has made significant gains over the years, vulnerabilities remain. The economic program Afghanistan National Development Strategy (ANDS) has been developed to sustain democracy, reduce poverty, and improve growth. ANDS, an important milestone in the rebuilding and...