This Selected Issues paper and Statistical Appendix for the Federal Republic of Yugoslavia outlines the progress made in the fiscal area since late 2000, focusing on the overall fiscal adjustment (developments in revenue and expenditure) and reforms of the tax system and social spending. The...

This 2001 Article IV Consultation highlights that Latvia has enjoyed a strong economic performance since the last Article IV Consultation in June 2000. Real GDP growth was 61⁄2 percent in 2000 and accelerated to 83⁄4 percent in the first half of 2001; growth has been led primarily by investment....

Estonia continues to be a strong performer among transition economies. Executive Directors commended the development, and stressed the need to maintain macroeconomic and fiscal policies, and accelerate structural reforms. They appreciated the progress made in implementing the recommendations of...

Switzerland has had a mixed macroeconomic performance over the past quarter century. After stagnating in the 1990s, the Swiss economy has finally shown some spark. Registered unemployment has declined sharply during the upswing and was below 2 percent in early 2001 amidst reports of increasing...

Latvia's economy has emerged from the recession triggered by the Russian crisis. Executive Directors commended the strong economic growth and low inflation. They appreciated the open and liberal trade system and the soundness of the banking system. They emphasized the need to maintain fiscal and...

As regards the performance under the third year arrangement, all performance criteria for end-December 2000 have been met, with the exception of the net domestic assets (NDA) target for the National Bank of Tajikistan (NBT). For several years, Tajikistan has been implementing an economic reform...

The Canadian economy ended the 1990s with a very strong performance, underpinned by the sound macroeconomic policies put in place during the decade. The Bank of Canada raised interest rates markedly in 2000 as estimates of slack in the economy were narrowing rapidly. Executive Directors agreed...

Poland's outstanding economic performance has come under strain. Executive Directors stressed the need to strengthen fiscal and monetary policies, and accelerate structural reforms. They considered that the new strategy will strengthen the medium-term economic performance, and place Poland in a...

Although Malawi showed good economic performance under the Poverty Reduction and Growth Facility Arrangement, its poverty rate remained high. Executive Directors stressed the need to improve fiscal and monetary stances, and accelerate structural reforms. They appreciated the 10-point plan to...

Lithuania showed good economic growth and low inflation, under the Stand-By Arrangement. Executive Directors commended the fiscal adjustment and structural reforms. However, domestic demand remained weak and unemployment continued to rise. Directors appreciated the sound financial system and the...