The Bahamas depends heavily on tourism and financial services. Executive Directors have commended the strong track … record of prudent macroeconomic management, but have encouraged the government to broaden the domestic tax base, reduce … distortions, increase the resilience of revenues to shocks, and specify contingency measures to reign in the growth in public debt …

The Salvadoran economy was severely affected by the global economic slowdown. Further strengthening the economyâ …€™s growth prospects and reducing poverty will depend on a durable fiscal consolidation effort and improvements in the investment … Stability Assessment (FSSA) confirmed that the Salvadoran financial system withstood the global financial crisis well and was …

The Bahamian economy began a tepid recovery in 2010, following a sharp recession in 2008 and 2009 in the wake of the … global financial crisis. Real GDP grew by about 1 percent. The rebound was driven by the trade, hospitality, transport, and … government services sectors. Executive Directors welcomed the gradual recovery of the Bahamian economy. They also called for …

position. Effective banking supervision has strengthened the capacity of Jordanian banks to withstand shocks. The authorities …The economy of Jordan was affected by the global crisis. Lower commodity prices helped improve Jordan’s external … have implemented prudent fiscal and monetary policies. The medium-term fiscal strategy should be supported by a number of …

This staff report considers Georgia’s request for a Stand-By Arrangement and an arrangement under the Standby Credit … Facility. Performance in 2011 has been stronger than originally envisaged, with growth of nearly 7 percent, inflation in the …. Exchange rate flexibility remains a critical instrument of adjustment in response to shocks. At the same time, high financial …

This paper highlights Pakistan’s 2013 Article IV Consultation and Request for an Extended Arrangement Under the … Extended Fund Facility. Discussions in the IMF report focus on macroeconomic policies to address vulnerabilities and reforms to … promote robust inclusive growth. The authorities’ ambitious economic program aims to reverse the current mix of large fiscal …

This article is an analytical report of the economic developments of Costa Rica. The economy showed rapid growth in the … aftermath of the global crisis with low inflation; but for further stable growth, certain policy frameworks and reforms need to … be reinforced. The fiscal stance should be made tighter to mitigate risks of inflation and external imbalances. Interest …

The report throws light on the process of recovery from the global financial crisis in Iceland. The strong growth … performance witnessed in 2011 seems to continue in 2012. The closing output gap and the decline in unemployment have been marked … as positive changes. The major external and internal risks to the financial sector are highlighted, and emphasis is laid …

Iceland has made considerable progress under an economic program supported by the Stand-By Arrangement (SBA … underpinned the recovery. Executive Directors emphasized that Iceland should continue to build up its stock of international … reserves. They welcomed the new framework for corporate debt restructuring, passage of the 2011 budget, and the agreement on …

activity, the banking sector has remained sound. Although the nonperforming loan ratio of banks has risen moderately and …Costa Rica’s economy has been hit hard by the global crisis, but active policies have helped preserve stability and … mitigate the negative impact on growth. This 2009 Article IV Consultation highlights that despite the worsening of economic …