This paper examines Sri Lanka’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and a Request for an Extended Arrangement. In line with the Poverty Reduction Strategy Paper (PRSP) and building on the progress made under the Stand-By Arrangement...

This paper reviews Azerbaijan’s State Program on Poverty Reduction and Economic Development 2003–2005 (SPPRED). The Poverty Reduction Program in Azerbaijan has attracted an extensive and high degree of interest, matching its complexity and scope. The main objective of the SPPRED is to define...

This paper evaluates Tajikistan’s 2002 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Tajikistan’s previous IMF-supported program went off track in mid-2001 largely because of poor progress with structural reform and...

This paper evaluates Pakistan’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver and Modification of Performance Criteria. Developments in October 2001–January 2002 indicate satisfactory progress towards the...

This 2002 Article IV Consultation highlights that despite the synchronized slowdown in the rest of the world in 2001, the Australian economy has continued to grow strongly. This performance reflected the absence of major imbalances in the economy, an aggressive easing of monetary policy, fiscal...

This paper assesses Sri Lanka’s 2002 Article IV Consultation and Final Review Under the Stand-By Arrangement (SBA). Performance under the SBA has been satisfactory, although there are pressures on the budget. All the quantitative performance criteria for end-April 2002 were met and the...

This paper evaluates Niger’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and Requests for Modification and Waiver of Performance Criteria. Performance under the program at end-December 2001 was broadly satisfactory, despite delays in foreign assistance...

This paper examines the Republic of Moldova’s 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and a Request for Waiver of Performance Criteria. Moldova has followed sound macroeconomic policies, and most financial...

This 2002 Article IV Consultation highlights that Chile’s economic fundamentals remain sound and have improved through the evolution of the policy regime in recent years. Yet the country is operating in a difficult environment for several years, now coping with a sequence of negative shocks....

This 2002 Article IV Consultation highlights that the Mauritian economy has weathered the global economic slowdown relatively well. Economic output is expected to expand by about 5.3 percent in 2001/02 (July–June), only slightly below its trend rate of growth of the past 20 years. Tourism...