This Selected Issues paper takes stock of the progress made in meeting the objectives under Indonesia’s Extended Arrangements (1998–2003) program. The paper addresses progress in achieving the programs’ core macroeconomic objectives, with an emphasis on how...

The staff report for the Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Kyrgyz Republic focuses on economic developments and policies. The nominal exchange rate has remained broadly stable. Discussions focused on refining the end-September...

The Fourth Review Under the Extended Arrangement, Financing Assurances Review, and Request for Waiver of Performance Criteria for Serbia and Montenegro are discussed. The agreed tighter fiscal, monetary, and incomes policies should cool off wage and credit growth, which are driving the demand...

This note discusses Chile's macroeconomic policy framework, the role of institutions in Chile, policies over time, export specialization and economic growth, trade policy strategy and recent agreements, an overview of recent developments in capital markets, and corporate financing in Chile. The...

In this paper, the following statistical data are listed in detail: GDP by sector of origin, growth of output by sector, GDP at current prices, expenditure and savings at current prices, estimated fish catch, composition of fish exports, net production of electricity and water, selected...

This paper examines Argentina’s Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria. The economy is recovering rapidly, while inflation remains subdued. Strengthening consumer and business confidence and cautious monetary and...

This paper examines Sierra Leone’s 2004 Article IV Consultation, the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waiver of Performance Criteria. Growth prospects in the medium term are encouraging, largely based on some mining projects coming to...

This paper focuses on Tajikistan’s Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). The program for 2005 has been implemented satisfactorily. All quantitative and structural performance criteria and indicative targets for end-September 2005 were observed, and all...

Nicaragua’s report on the Observance of Standards and Codes examines Data Module, response by the authorities, and detailed assessments using the data quality assessment framework. The Ministry of Finance and Public Credit provides an institutional environment for compiling budgetary...

This paper examines Uruguay’s Sixth Review Under the Stand-By Arrangement and Requests for Modification of the Arrangement. The macroeconomic framework is on track, but progress with structural reform remains uneven. Fiscal performance has been better than programmed, reflecting buoyant...