This paper presents the Annual Progress Report (APR) 2004 on Senegal’s Poverty Reduction Strategy Paper (PRSP). The APR analyzes the 2004 macroeconomic framework for the purpose of comparing the forecasts under the various scenarios and the results obtained. Budgetary programming and...

The staff report for the Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Kyrgyz Republic focuses on economic developments and policies. The nominal exchange rate has remained broadly stable. Discussions focused on refining the end-September...

This paper examines Sierra Leone’s 2004 Article IV Consultation, the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waiver of Performance Criteria. Growth prospects in the medium term are encouraging, largely based on some mining projects coming to...

The staff report for the Review of the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights economic developments and performance. Fiscal consolidation efforts were sustained, and public finances improved markedly in the...

This paper explains Burundi’s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Burundi’s social indicators reflect the effects of poverty compounded by decades of violence. The government’s Interim Poverty Reduction Strategy Paper (I-PRSP) is based on broad...

This paper focuses on Albania’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review. Performance since the third review has been satisfactory...

As envisaged in its interim Poverty Reduction Strategy Paper, the country has moved from the stabilization phase to the reconstruction phase, and the authorities have continued to make major progress in consolidating the peace process. The important tasks will be to preserve macroeconomic...

The staff report for the First Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The economy is little diversified and heavily dependent on oil production, which is on a downward trend; the debt burden is high; and social indicators are weak. The...

This paper examines Peru’s 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and a Request for Modification and Waiver of Performance Criteria. The fiscal policy was tightened in early 2002 from the expansionary stance in the second half of 2001. The baseline...