This paper analyzes requests from Chad authorities for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Additional Interim Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities made progress in implementing structural...

This paper focuses on the Staff-Monitored Program (SMP) for Guinea-Bissau. The SMP, which covers the period April–December 2005, is based on the budget for 2005. It aims at avoiding new domestic arrears through a cash-rationing system, at improving tax administration and expenditure...

The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Dominica focuses on macroeconomic framework and fiscal policy. The program has been based on the expectation that Dominica will achieve a collaborative debt restructuring...

This paper assesses Ghana’s 2003 Article IV Consultation, and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Program implementation...

This paper examines Pakistan’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion. Progress on the structural front through November 2002 was broadly in line with the program, except for the power...

This 2005 Article IV Consultation reports that Belarus experienced strong economic growth in 2004, supported by policies aimed at raising incomes and credit, and a favorable external environment. Inflation was halved during 2004, and slowed down further to 11 percent in April 2005, aided by a...

This 2005 Article IV Consultation highlights that the macroeconomic performance and financial developments in Trinidad and Tobago are currently being driven by a highly favorable external environment. Surging oil prices have strengthened the external current account balance, financed an...

This paper examines the Kyrgyz Republic’s 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criterion. All performance criteria but one were observed for the period under review (April 1,...

This Selected Issues paper and Statistical Appendix presents a debt sustainability analysis for Afghanistan. The analysis is based on a simple spreadsheet model that calculates indicators of sustainability in terms of ratios of the net present value (NPV) of debt and debt service to relevant...

This 2003 Article IV Consultation highlights that the Republic of Latvia has enjoyed continued strong economic performance since the last Article IV Consultation in January 2002. Real GDP growth was 7.9 percent in 2001 and 6.1 percent in 2002; growth has been led by investment and, more recently,...