This paper discusses Uganda's Third Review Under the Policy Support Instrument (PSI). Supported by generally sound policies, Uganda's economic performance was positive in FY2013/14. All quantitative assessment criteria and structural benchmarks were met, and the authorities have taken action to...

This 2014 Article IV Consultation highlights that South Sudan's economic performance has been mixed in recent years. Real GDP growth has displayed high volatility, the result of changes in oil and agricultural Production. Inflation rose in an initial period of economic instability in 2011�12...

This paper presents Second Post-Program Monitoring Discussions focusing on Moldova. Governance in the banking system remains poor and the condition of some large banks is fragile. The budget faces a tight financing situation, and�without corrective measures�the deficit is projected to widen...

EXECUTIVE SUMMARY Article IV issues. The government is committed to implementing the "Plan S�n�gal Emergent" (PSE), which contains valid diagnostics and policies to boost growth and accelerate poverty reduction. GDP growth is projected to rise from less than 4 percent in recent years to 4.5...

EXECUTIVE SUMMARY This is the final review under the Extended Credit Facility (ECF) arrangement. The program contributed to maintaining macroeconomic stability, and there was progress on structural reforms. The authorities intend to request a successor arrangement under the ECF. A new finance...

This Selected Issues paper assesses the potential output in El Salvador. Based on various filters and the production function approach, El Salvador's potential growth is estimated at about 2 percent for 1999-2015, and the output gap is now virtually closed. Potential growth after the global...

Context and policy challenges. Mozambique's macroeconomic performance remains robust, with strong growth and low inflation. In spite of the heightened risks from an uncertain global outlook, growth is expected to be broad-based in the medium term and boosted by the natural resource boom and...

KEY ISSUES Focus: The main themes centered on tackling macroeconomic vulnerabilities and improving the medium-term outlook by achieving an ambitious fiscal adjustment while protecting social spending, creating an environment for higher private sector-led growth, and building a robust financial...

KEY ISSUES Macroeconomic developments remain favorable. Economic growth was strong during the first half of 2014 and is expected to remain close to 7 percent. Inflation remains in mid-single digits, consistent with the authorities' target of 5 percent by June 2015. New national accounts...

This Selected Issues paper on Senegal revisits the challenges of emergence by tapping on the experience of other countries across the world that became emerging economies in the past two decades. It then looks at the preconditions needed for growth acceleration in Senegal. The paper also...