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In the late 1960s and early 1970s Sub-Saharan Africa experienced an unprecedented economic crisis shutting the … Fund (IMF) as a recovery economic policy for Africa. By the late 1980s and early 1990s, most Sub-Saharan African countries … three of the most immediate alternative development strategies of Africa which includes; the Lagos Plan of Action (LPA) and …
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On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of quota, equivalent to USD 1.778 billion) to support the country's response to the pandemic and its reform efforts toward strong,...
Persistent link: https://www.econbiz.de/10013168725
Uzbekistan embarked on an ambitious reform path in 2017, starting to liberalize its economy after years of state control. Incomes are still relatively low compared to other emerging economies. Uzbekistan entered the COVID-19 crisis with relatively strong macro-economic fundamentals
Persistent link: https://www.econbiz.de/10012516474
This 2009 Article IV Consultation highlights that Iraq’s longer-term economic outlook is strong as oil prices and production are projected to increase markedly in the coming years. However, based on conservative oil price assumptions, the external current account and the overall balance of...
Persistent link: https://www.econbiz.de/10014406637
This paper examines Rwanda’s 2002 Article IV Consultation and Requests for a New Poverty Reduction and Growth Facility (PRGF) Arrangement and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Rwanda’s performance under the 2001...
Persistent link: https://www.econbiz.de/10014407181
This paper evaluates Tajikistan’s 2002 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Tajikistan’s previous IMF-supported program went off track in mid-2001 largely because of poor progress with structural reform and...
Persistent link: https://www.econbiz.de/10014407299
This paper presents Indonesia’s 2005 Article IV Consultation and Third Post-Program Monitoring discussions. The economic strategy has produced positive results over time. Economic growth has gained momentum year by year, inflation has been substantially reduced, and the external position has...
Persistent link: https://www.econbiz.de/10014405671