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According to IMF and IDA authorities, Guinea-Bissau had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities appreciated the country’s tremendous efforts to reestablish economic, social, and...
Persistent link: https://www.econbiz.de/10011244283
This paper discusses Togo’s progress under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. In November 2008, the Boards of Executive Directors of the IDA and the IMF agreed that Togo had met the requirements for reaching the decision point under the Enhanced HIPC...
Persistent link: https://www.econbiz.de/10011244390
This study is carried out against a backdrop of deep divisions in Greece and in Europe over how to handle the … challenges now confronting Greece. Greece’s deeper medium-term policy needs and identifying ways to replace the expected market … euro area. Finally, Greece has specified the policies necessary to overcome recent inertia and deliver program objectives …
Persistent link: https://www.econbiz.de/10011244444
Policy implementation has improved since the completion point. Recent economic performance has been encouraging, but sustaining it will require an acceleration of reforms by the government. Rwanda’s medium-term program aligned with the Poverty Reduction Strategy Program priorities...
Persistent link: https://www.econbiz.de/10011244980
Recent performance suggests further economic stabilization in the Central African Republic, but uncertainties remain related to the general elections. The fiscal program aims at supporting domestic demand, financing the peace process and the elections, and mobilizing more revenue. Structural...
Persistent link: https://www.econbiz.de/10011245215
The post-conflict economic stabilization in Liberia is now complete. Inflation pressure is easing owing to lower fuel and food prices, and there is a rebound in exports. Sound macroeconomic policies, strengthened institutions, and debt relief have stabilized the economy and have supported...
Persistent link: https://www.econbiz.de/10011245434
Burundi’s economy has continued to grow at a slower pace than envisaged owing to the impact of food and fuel shocks on aggregate demand. The macroeconomic outlook remains broadly positive but subject to risks that emanate from the security situation and the external environment. The...
Persistent link: https://www.econbiz.de/10011245719
Lao People's Democratic Republic (Lao PDR) showed commendable growth owing to its strong macroeconomic performance and structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the private sector developments, and stressed the...
Persistent link: https://www.econbiz.de/10005825042
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by...
Persistent link: https://www.econbiz.de/10005825370
Cambodia’s 2004 Article IV Consultation reports that the macroeconomic performance has been generally good, reflecting both favorable external developments and prudent fiscal policy. Exports soared following a bilateral trade agreement with the United States, and large aid inflows helped...
Persistent link: https://www.econbiz.de/10005768384