This study resulted from UNDP’s interest in the Philippine proposal for debt-to-MDG financing presented to the United Nations in September 2005. It is based on an analysis of the problem and the processes involved as well as consultations with key Philippine stakeholders, and views of creditor...

This study resulted from UNDPs interest in the Philippine proposal for debt-to-MDG financing presented to the United Nations in September 2005. It is based on an analysis of the problem and the processes involved as well as consultations with key Philippine stakeholders, and views of creditor...

The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in...

The improving fiscal situation in the Philippines presents an opportune time for the government to reassess the resource requirements of achieving the millennium development goals (MDGs) and to exercise greater vigilance in ensuring that the MDGs benefit from the fiscal space that has been...

The improving fiscal situation in the Philippines presents an opportune time for the government to reassess the resource requirements of achieving the millennium development goals (MDGs) and to exercise greater vigilance in ensuring that the MDGs benefit from the fiscal space that has been...

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Iceland. Post-crisis dynamics has followed the expected pattern: a sharp drop in GDP, rapid decline in inflation, shift of the current account to balance, and gradual stabilization of currency and financial...

The staff report for the Sixth Review under the Stand-By Arrangement and Requests for Waiver of Performance Criteria on Bolivia highlights economic developments and preliminary macroeconomic framework. The economy is characterized by a number of vulnerabilities that require policy vigilance....

This 2004 Article IV Consultation highlights that real GDP growth in Nigeria accelerated in 2003 on account of sharply higher oil and gas production and continued robust growth in the non-oil economy. Owing to favorable terms-of-trade developments, the external current account deficit narrowed...