Euroization has served Montenegro well by anchoring inflation expectations, and shifted the burden of adjustment to fiscal and structural policies. The paper looks at trends and how developments in the tourism industry have contributed to the shaping of the economy. The lack of monetary and...

The Welfare Improvement Strategy (WIS) of Uzbekistan has the objective of improving living standards of its people with the help of strong economic policies for all priority areas of development. The report reviews economic and social policies and assesses the living standards of its people. It...

Guinea has implemented an impressive policy shift toward macroeconomic stabilization under the economic program. Executive Directors commended this development and stressed the need for tight fiscal and monetary policies and welcomed the debt sustainability analysis and implementation of the...

This paper quantifies the dynamic effects of fiscal policy using a structural model, the Global Integrated Monetary and Fiscal Model (GIMF). The analysis finds that success of fiscal policy in enhancing macroeconomic stability depends on the type of shock, the response of monetary policy, and...

Colombia’s economic performance has been strong, aided by sound economic policies. Structural reforms and prudent macroeconomic policy management has contributed to higher economic growth and lower inflation. Executive Directors commended the economic strategy, which has increased economic...

Prudent macroeconomic management, strong growth, low inflation, small fiscal deficit, and public debt have helped The Bahamas attain the highest standard of living in the Caribbean. Executive Directors supported the government’s goals of balancing the budget and reducing debt. They encouraged...

The MKUKUTA Annual Implementation Report (MAIR) is one of the outputs of the Tanzanian government’s monitoring system. The objective of this report is to contribute to all government reporting systems, which include output reporting by Ministries, Departments and Agencies, Local Government...

The report gives an assessment on the bauxite and aluminium industry of Guinea. The study assesses the performance, structure, and prospects of the industry as well as transparency and governance issues. The report also show the IMF's estimates on Guinea's social, demographic, economic, and...

Benin showed good macroeconomic performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that strong revenue performance helped to underpin improvement in public finances and economic growth while keeping inflation low. They stressed the need to...

The 2002 Financial Stability Assessment Program (FSAP) found that the Croatian financial system was resilient, but vulnerabilities remain. The authorities have been proactive in addressing macroeconomic and financial vulnerabilities associated with rapid credit growth and have also taken...