This 2005 Article IV Consultation highlights that Palau’s economic growth has picked up in recent years while inflation has been low. After several years of slow growth, real GDP grew by 5 percent in FY2004 and FY2005, driven by a steady increase in visitor arrivals with the start of new...

With the recovery from the 2002 crisis well advanced, discussions focused on policies to reduce remaining vulnerabilities and sustain growth. Sensitivity analysis suggests that the economy, while having become more resilient in recent years, is still vulnerable. The authorities agreed to...

This statistical appendix paper for the Federated States of Micronesia (FSM) was prepared as background documentation for the periodic consultation with the member country, during the period 2004–11. This paper is based on the information available at the time it was completed on December...

Statistics of Kuwait’s economics are presented in this paper. Some of the areas covered include gross domestic product prices, gross domestic expenditure; production, disposal, and prices of oil, and LPG consumer. Data on population and employment, summary of government finance, revenue,...

The dominant role of remittances in Comoros’s economy presents policymakers with important challenges and opportunities. Fiscal decentralization is a pillar of national reconciliation in Comoros. To make decentralization work better, more revenue and expenditure responsibilities could be...

This Selected Issues paper analyzes the main determinants of inflation in Mongolia using empirical tests based on a structural model approach and vector autoregression model, with a view to assessing whether inflation is predominantly affected by commodity prices or by money supply developments....

The Detailed Assessment report on Mexico’s implementation of the International Organization of Securities Commissions Objectives and Principles of Securities Regulation is analyzed. The Mexican securities market is dominated by daily trading in short-term government debt securities,...

The staff report for the First Review Under the Three-Year Arrangement for the Republic of Madagascar reviews economic and financial policies. The 2007 economic program is designed to sustain growth, promote fiscal consolidation, and reduce poverty while keeping inflation to single digits and...

In this study, the following are discussed: nominal GDP by economic activity and expenditure, quarterly nominal GDP by economic activity and expenditure, composition of nominal GDP by economic activity and expenditure, quarterly composition of nominal GDP by economic activity and expenditure,...

The 2007 Article IV Consultation discusses the Republic of Lithuania's economic developments and policy challenges. Lithuania has done well in the past years to improve its investment climate and ranks high on most measures of doing business. Enhancing flexibility is important because a quick...