This paper presents key findings of the Ex Post Assessment of Longer-Term Program Engagement for Bolivia. Bolivia is a country that is perceived as having one of the best structural reform records in Latin America but experienced sluggish per capita growth, and made virtually no progress in...

The staff report for the Third Review Under the Stand-By Arrangement on Jordan highlights the economic developments and policies. Additional grants and higher tax revenue will offset the loss of the oil surplus and the increase in petroleum subsidies. The authorities intend to limit total...

This 2005 Article IV Consultation highlights that economic activity in the Eastern Caribbean Currency Union (ECCU) has accelerated since mid-2003 owing to an acceleration of activity in the tourism and construction sectors. Inflation has been stable and monetary aggregates have been expanding...

The staff report for the Post-Program Monitoring Discussions on Jordan focuses on economic developments and policies. The macroeconomic policy mix included prudent budgetary management and a credit policy supportive of economic expansion. Monetary developments reflected the brisk growth in...

This paper reviews Indonesia’s 2004 Article IV Consultation and Post-Program Monitoring Discussions. The Article IV consultation provided a timely opportunity to assess achievements under recent IMF arrangements and to take stock of remaining challenges. The discussions focused on...

This 2003 Article IV Consultation highlights that real GDP of Ukraine grew by more than 4½ percent in 2002, marking the third year of Ukraine’s economic expansion following the 1998/99 financial crisis. As in 2001, growth was not only supported by robust consumer spending, reflecting...

This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent. The overall fiscal deficit of the central government,...

This paper assesses Ecuador’s 2003 Article IV Consultation, a Request for a Stand-By Arrangement (SBA), and Approval of an Exchange Restriction. The main objectives of the fiscal program are to address immediate liquidity constraints and to bring expenditure growth under control,...

The staff report for the 2004 Regional Surveillance on the Eastern Caribbean Currency Union (ECCU) focuses on the economic developments and near-term prospects. The fiscal position of the governments in the region has deteriorated sharply in recent years and resulted in a marked increase in...

This paper reviews the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative of the Republic of Congo. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing financial and structural reforms, but large challenges remain. The...