This paper discusses Mexico's Review Under the Flexible Credit Line (FCL) Arrangement. Mexico has navigated successfully a complex external environment, characterized by falling commodity prices, a sharp appreciation of the U.S. dollar, and heightened volatility in international financial...

This paper presents Jamaica's Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria report. The IMF staff report highlights that recent data is in-line with GDP growth of some 1 percent in 2013-2014. Inflation has...

KEY ISSUES Program. A three-year arrangement under the Extended Credit Facility (ECF) in an amount of SDR 40.95 million (50 percent of the quota) was approved on July 21, 2010. The arrangement was extended for one year on August 2, 2013, with no augmentation of access. The program expires on...

Colombia has maintained a robust economic performance in recent years due in large part to its very strong policy framework. Well-anchored inflationary expectations, a flexible exchange rate, a structural fiscal balance rule, and effective financial supervision and regulation have contributed to...

EXECUTIVE SUMMARY Macroeconomic developments are broadly in line with program projections. There are signs of a gradual recovery from the effects of the global financial crisis and hurricane Sandy. Real GDP growth for 2013/14 is projected at just under 1 percent, supported by improved activity...

Extended arrangement. On May 1, 2013, the IMF Executive Board approved a request by the Jamaican authorities for a four-year Extended Arrangement in an amount of SDR 615.38 million (225 percent of quota) with a first purchase equal to 50 percent of quota. Economic developments. Growth has...

This article is a report of the IMF Executive Board’s program for Antigua and Barbuda. The Stand-By Arrangement program was developed as a response to the looming fiscal crisis, which resulted in large fiscal deficits and debts similar to the global crisis. The program is approved to support...

This paper discusses Grenada's Third Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria (PCs), and Financing Assurances Review. Overall program implementation remains strong. All quantitative PCs for the third review were met. All structural...

This paper discusses Jamaica's Tenth Review Under the Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria (PCs). Macroeconomic stability continues to strengthen. Inflation and the current account deficit have fallen to historical lows, a product of...

Despite a difficult economic context, President Macri's administration, over the past two and a half years, has taken bold steps to eliminate a wide range of distortions in the economy. Efforts were also made to strengthen institutions (including the complete reconstruction of the statistics...