This paper discusses Sri Lanka's Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Waiver of Nonobservance and Modification of Performance Criterion. The Sri Lankan economy is gradually recovering from the impact of the Easter Sunday terrorist attacks....

Asia's economic performance in recent years has been impressive. Despite considerable obstacles, including the legacy of the 1997-98 crisis and more recently surging oil prices, Asia's economic growth has been the fastest amongst the major regions in the world. Since 1999, growth in the region...

The economy has rebounded from the pandemic-related downturn but is facing new headwinds. The authorities have responded with fiscal policy measures to support vulnerable groups and to mitigate the economic impact of commodity price increases, as well as with front-loaded monetary policy...

After suffering a recession during the pandemic, the Cambodian economy was on a steady recovery path, but is facing new pressures in 2022 that have buffeted external demand and increased inflation rates. The authorities have largely continued with crisis policy responses and have pressed on with...

A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard...

This paper presents Sri Lanka's Request for an Extended Arrangement under the Extended Fund Facility (EFF). The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock...

This 2023 Article IV Consultation discusses that following a successful coronavirus disease 2019 containment strategy, the border reopened in July 2022, and tourism is returning to Vanuatu. Economic activity is expected to be strong in the near term, with real gross domestic product growing...