The Georgian economy has performed strongly in 2022 as adverse spillovers expected from the war in Ukraine have not materialized thus far. Buoyant tourism revenues, a surge in war-related immigration and financial inflows, and a rise in transit trade through Georgia have lifted growth and fiscal...

Somalia is facing a severe drought and acute food insecurity, aggravated by higher global food and fuel prices. Sustained efforts from the authorities and support from international partners are needed for immediate humanitarian assistance and to build resilience over time to climate shocks....

Inflation has surged to 18 percent while growth is projected to slow to 2.7 percent this year. High oil prices have strengthened fiscal and external buffers, while the revised budget increased public spending by 2½ percentage points of GDP to support activity. Subsidiaries of sanctioned Russian...

Strong policy actions helped mitigate the fallout from the COVID-19 pandemic, and the economic recovery is gaining traction, supported by revival in the hydrocarbon sector and the relaxation of social restrictions. CPI inflation has been contained thus far, partly reflecting administered prices...

The 2022 Article IV Consultation discusses that the economy of the Kyrgyz Republic has shown resilience to the spillovers from the war in Ukraine and is estimated to have grown by 5.5 percent in 2022, driven by gold production, trade, transportation, and agriculture. Strong output growth in 2022...

The 2022 Article IV Consultation discusses that Iraq's economy has been gradually recovering, supported by strong oil revenues and accommodative policies. Domestic inflation has been contained with the pass-through from high global commodity prices muted by domestic food and fuel subsidies. The...

This paper discusses Islamic Republic of Mauritania's 2022 Article IV Consultation and Requests for 42-Month Arrangements under the Extended Credit Facility and the Extended Fund Facility. The Mauritanian authorities' IMF-supported reform program presents a comprehensive policy package to...

The 2022 Article IV Consultation with Algeria highlights that the upswing in hydrocarbon prices has alleviated pressures on public and external finances and the post-pandemic recovery has likely gathered pace. The prospects for 2023 are favorable but growth is projected to decelerate and...

This paper discusses Jordan's Fifth Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria. Jordan has continued a broad-based recovery amid a challenging external environment, thanks to the authorities' effective policy...

Benefiting from high oil prices, Kuwait's economic recovery continues, and the fiscal and external balances have strengthened. Inflation is contained and external buffers are increasing. However, structural challenges persist. The dominance of oil in Kuwait's economy coupled with global...