This Selected Issues paper investigates why New Zealand's inflation is higher and further from target than comparator economies considering two main hypotheses: (1) the persistence of pandemic era shocks, and (2) strong migration inflows fuelling demand. The paper finds that, like in many...

The New Zealand economy slowed considerably in 2023, following a period of strong growth, and some previous significant imbalances are finally correcting. Tight monetary policy has put inflation on a meaningful downward path but remains high. Some of the overvaluation in housing prices has also...

This Selected Issues paper on New Zealand discusses addressing climate change. projections suggest the gap between New Zealand's emissions targets and the projected path have narrowed significantly though more needs to be done if the Nationally Determined Contribution for 2030 is to be met....

The 2023 Article IV Consultation discusses that New Zealand's economy is in the midst of a necessary, policy-induced slowdown following the strong post-pandemic recovery. With exemplary management of the pandemic, New Zealand recovered faster than most other advanced economies. The economy is...

New Zealand's management of the pandemic, including health policy and macroeconomic policy support, has been effective in ensuring economic recovery. Output has already recovered to above potential, the labor market is tight, and inflation has risen to above the Reserve Bank of New Zealand's...

EXECUTIVE SUMMARYDuring the last ten years Rwanda has experienced one of the most exciting andfastest periods of growth and socio-economic progress in its history. It was tenth fastestgrowing economy in the world during the decade from 2000. At the same time more than amillion people have been...

CONTEXTRwanda has enjoyed strong economic performance over the last decade, supported bysignificant external aid and close engagement with the Fund, including under a PSIsince 2010. The authorities have requested a new three-year PSI in support of theirnew poverty reduction strategy (EDPRS...

Context: Mali is emerging from the worst security and political crisis in its recent history.Progress in political normalization to date has been encouraging: a successfulpresidential election, formation of the new government and the legislative elections havedemonstrated Mali's commitment to...