The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures. Combined with business climate reforms, this development strategy has fueled strong growth and positioned Djibouti well to become a regional trade and logistics hub....

This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large. Real GDP growth slowed sharply, driven mainly...

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020. The authorities have responded swiftly with measures to contain...

À l'occasion du retour des Assemblées annuelles de la Banque mondiale et du FMI sur le continent africain pour la première fois depuis 50 ans, et plus précisément à Marrakech, au Maroc, ce dossier spécial sur l'Afrique traite de la conjoncture économique de l'ensemble du continent

Volatile commodity prices and a tightly managed exchange rate (ER) have led to boom and bust cycles with significant impacts on the public and financial sectors. While the previous Extended Credit Facility (ECF) arrangement (December 2017-March 2021) has helped maintain macroeconomic stability,...

Algeria's economic recovery from the pandemic has been buoyed by the rise in international hydrocarbon prices. Fiscal and external surpluses are expected in 2022 for the first time in years. Inflation has nevertheless accelerated, as elsewhere, and has become a complex policy challenge. Monetary...

Au Moyen-Orient et en Asie centrale, les effets conjugués de vents contraires à l'échelle mondiale, de difficultés intérieures et de risques géopolitiques pèsent sur la dynamique économique, et une grande incertitude entoure les perspectives. La croissance devrait ralentir cette année...

Le changement climatique est à la fois une menace considérable et l'occasion de nouvelles possibilités de développement pour le Maroc. D'une part, le Maroc est l'un des pays du monde les plus touchés par le stress hydrique et la pénurie d'eau est un sérieux obstacle qui empêche le pays...

In a worsening global environment, economies in the Middle East and Central Asia are being buffeted by a confluence of shocks: a global slowdown, high and volatile food and energy prices, faster and stronger than expected tightening of financial conditions, and the risk of fragmentation. The...