Georgia's economic performance remains robust. Growth has moderated from double digits but remains high, inflation is low, and fiscal and financial buffers are healthy. EU candidate status has boosted sentiment, but the global environment remains highly uncertain due to ongoing conflicts and...

The economy is recovering after consecutive climate-related shocks as well as social turmoil at the beginning of 2023. Inflation has receded due to the central bank's decisive monetary policy tightening, while the fiscal position and financial system remain strong. The country is in a period of...

This Selected Issues paper examines the potential medium and long-term effects of the Simandou iron ore project on Guinea's economy and income distribution. The paper uses two complementary macroeconomic models. If production began in 2025, the level of real gross domestic product would be...

On December 18, 2023, the explosion of a major fuel import and storage facility led to fuel shortages and new urgent financing needs. The blast caused 25 deaths and 457 injured as well as widespread fuel shortages, affecting transportation and economic activity. The relatively strong mining...

The 2024 Article IV Consultation highlights that domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq's first three-year budget, which entailed a large fiscal expansion starting in 2023. The ongoing fiscal expansion is expected to...

This Selected Issues paper on St. Kitts and Nevis studies economic benefits from energy transition. Cheaper and more stable energy prices can support macroeconomic stability. In addition to the aforementioned effects, low and stable energy prices can mitigate the adverse impact from...

The 2024 Article IV Consultation with St. Kitts and Nevis discusses that despite a continued strong tourism performance, growth fell to 3.4 percent in 2023 due to delays in public and private sector investment projects. The economic outlook is positive thanks to the renewable energy projects...