This 2009 Article IV Consultation highlights that Côte d’Ivoire has embarked on comprehensive reform policies to address the challenges of enhancing growth and reducing poverty. It adopted a Poverty Reduction Strategy Paper in February 2009, which covers the seven-year period 2009–15, and...

Afghanistan’s economy continued to perform strongly under the staff-monitored program, resulting in rapid economic growth, inflation declining to single-digit levels, and the international reserves position strengthening further. At the same time, the authorities implemented key...

This paper discusses key findings of the Sixth and Final Review for Malawi Under the Poverty Reduction and Growth Facility (PRGF). Performance remained generally strong in the period under review. The authorities met most program targets for end-December 2007, and domestic debt fell as a share...

Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as...

On the basis of the authorities’ record and actions, IMF staff supports the authorities’ request for waivers of two structural performance criteria and one quantitative performance criterion and completion of the sixth review. The authorities completed most of their ambitious...

The authorities view the program as providing a valuable anchor for their macroeconomic policies during a period of high economic and political uncertainty, and providing access to budget financing. The discussions for this review were delayed owing to lengthening data lags resulting from the...

Afghanistan has made substantial progress toward macroeconomic stability, but structural reforms need to be accelerated. The uncertainty affecting the fiscal outlook warrants a prudent expenditure policy. Monetary policy has been instrumental in reducing inflation and safeguarding external...

This paper is an account of Seychelles’ monetary efforts to establish its position in 2012. After the recovery in 2008, the country had solid growth through 2011. The important threat was external risks, which could lower tourist inflows, and piracy. Alternatively, the authorities were...

Seychelles's strong stabilization efforts has helped the economy to overcome debt crisis and global recession under the Stand-By Arrangement (SBA). But the authorities need to address monetary policy trade-offs, and financial sector challenges exist. Executive Directors welcomed Seychelles's...

Macroeconomic performance has been satisfactory, and program implementation under the Poverty Reduction and Growth Facility arrangement has also been good. The medium-term projections have been updated in anticipation of relief under the Multilateral Debt Relief Initiative (MDRI). Despite recent...