Cover -- Contents -- I. Introduction -- II. Recent Developments and Outlook -- III. Policy Discussions -- A. Fiscal Policies -- B. Financial Sector -- C. Growth-Enhancing Policies -- IV. Access and Capacity to Repay the Fund -- V. Staff Appraisal -- Tables -- 1. Selected Economic and Social...

At the request of the Government of Liberia (GoL), the IMF Fiscal Affairs Department (FAD) led an external assessment of the central government's public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology. The assessment was...

Cover Page -- Title Page -- Copyright Page -- Contents -- BOX -- FIGURES -- FIGURES -- FIGURES -- TABLES -- BOX -- FIGURES -- BOXES -- FIGURES -- BOXES -- FIGURES -- TABLES -- A. External Sector Developments -- 1. Recent Developments -- 2. Outlook -- 1. Growth and Fiscal Consolidation Scenario...

This 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are constraining credit growth, and weak external drivers are preventing a sustained reduction...

KEY ISSUESContext: Solomon Islands has achieved considerable gains in development andmacroeconomic stability in recent years. However, the country is at an importantjuncture with both security and development assistance being scaled down by donors,it needs to become more self-reliant. In...

KEY ISSUES Context: The July 2011 secession of South Sudan led to the buildup of large economicimbalances in Sudan. The authorities responded in June 2012 with a comprehensivepackage of corrective measures, which laid the ground for a much-needed adjustmentprocess. The reform process was...

KEY ISSUESContext: A slowdown in growth in major emerging market economies (EMEs) anddecline in commodity prices, and more recently, a reversal in push factors tied to aprospective exit from extraordinarily easy global monetary conditions, has put pressureon Indonesia's balance of payments and...

Cover -- CONTENTS -- GLOSSARY -- CONTEXT -- MACROECONOMIC DEVELOPMENTS -- OUTLOOK AND RISKS -- MACROECONOMIC POLICIES -- STRUCTURAL REFORMS -- A. Safeguarding Fiscal Sustainability -- B. Strengthening the Financial Sector -- C. Boosting Inclusive Growth -- MISCELLANEOUS ISSUES -- STAFF APPRAISAL...

Cover -- CONTENTS -- ECONOMIC BACKGROUND -- OUTLOOK AND KEY RISKS -- ARTICLE IV: DISCUSSIONS: TOWARD HIGHER AND MORE INCLUSIVE GROWTH -- A. Return to Fiscal Sustainability -- B. Realigning Monetary Policy for Macroeconomic Stability -- C. Safeguarding Financial Sector Stability -- D. Structural...

Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- DISCUSSIONS -- A. Outlook -- B. Economic Policies -- PROGRAM MODALITIES -- STAFF APPRAISAL -- TABLES -- 1. Selected Economic Indicators, 2009-13 -- 2. Modified General Government Cash Balance, 2012-16 -- 3. General Government Operations,...