This paper discusses Seychelles' Request for a Three-Year Policy Coordination Instrument (PCI) and Ex Post Assessment of Longer-Term Program Engagement. The PCI for Seychelles will build on the lessons from the previous programs supported by the IMF. It aims to support the authorities' efforts...

The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is...

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high, mainly driven by the evolution of the pandemic, the prospects for widespread...

This 2017 Article IV Consultation highlights the sound economic growth enjoyed by Israel, estimated at 4 percent in 2016 and supported by strong domestic demand and an export rebound. Unemployment declined to 4.4 percent in the fourth quarter of 2016, and wage increases have picked up....

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thus far both in the real sector and in the labor market, bearing in mind the short...