The 2023 Article IV Consultation highlights that Greece's economic outlook has improved notably. Growth-friendly fiscal consolidation can further strengthen public debt sustainability while supporting inclusive and green growth. Further tightening in the near term and maintaining a primary...

The 2023 Article IV Consultation discusses that Antigua and Barbuda's economy continues to bounce back from the sharp contraction experienced during the coronavirus disease 2019 pandemic. Real activity is expected to return to prepandemic levels this year, with growth projected at 5.7 percent,...

The 2023 Article IV Consultation highlights that Nicaragua's economy has remained resilient in the face of multiple shocks, supported by appropriate economic policies, substantial buffers, and multilateral support. The external and fiscal positions are assessed to be sustainable under the...

This paper discusses Pakistan's First Review under the Stand-By Arrangement, Requests for Waivers of Applicability of Performance Criteria, Modification of Performance Criteria, and for Rephasing of Access. Economic activity has stabilized in Pakistan, although the outlook remains challenging...

This Selected Issues paper investigates the drivers of headline inflation and the degree of exchange rate pass-through (ERPT) in The Gambia over the period 2014-2023. Stylized facts and the limited studies on The Gambia point to the role of both domestic and external drivers for inflation...

This paper presents the 2023 Article IV consultation and Request for an Arrangement under the Extended Credit Facility (ECF) with The Gambia. The ECF-supported program aims to strengthen economic recovery, tackle inflation, address foreign exchange pressures, reduce debt vulnerabilities, advance...

This Selected Issues paper examines tax policy and administrative changes in Eastern African Community (EAC) countries with a view to benchmark Kenya's experience and draw lessons for future tax reforms. Using granular data from a new IMF database on tax measures announced during 1988-2022, it...

This paper discusses 2023 Article IV Consultation, Sixth Reviews under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) Arrangements, Requests for Augmentations of Access, Modification of Performance Criteria, Waiver of Nonobservance of Performance Criteria, Waiver of...

This paper presents Cabo Verde's Third Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Request for an Arrangement under the Resilience and Sustainability Facility. Performance under the economic reform program is strong, and the...

This paper focuses on Republic of Mozambique's Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF), Requests for Modification of the Monetary Policy Consultation Clause, Waiver of Nonobservance of Quantitative Performance Criterion, and Financing Assurances...