This 2013 Article IV Consultation highlights that in 2012, Thailand’s economy rebounded strongly from the devastating floods, with real GDP growing by 6.5 percent. Private consumption rose 6.7 percent, reflecting pent-up demand and government measures, including the rice pledging scheme,...

This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term...

This 2014 Article IV Consultation and Second Review Under the Policy Support Instrument highlights that Rwanda's economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining real GDP growth at 7.8 percent on average since 2000,...

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...

This Technical Assistance Report discusses the findings and recommendations made by the IMF mission about the compilation of Coordinated Direct Investment Survey and Coordinated Portfolio Investment Survey (CPIS) in El Salvador. The mission recommended the authorities to research the nature of...

Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The...

The global financial crisis hit Denmark hard, and the recovery has been slow and unsteady. Denmark’s slow growth predates the recent economic crisis, and the economy has underperformed its regional peers. The current account remains in surplus, largely reflecting weak domestic demand...