This paper discusses the Republic of Madagascar's request for an arrangement under the Extended Credit Facility (ECF) and first review under the Staff Monitored Program (SMP). Madagascar's macroeconomic performance was broadly satisfactory under the SMP, which ran from September 2015 to the end...

This 2016 Article IV Consultation highlights that the fiscal situation in Curacao and Sint Maarten remains relatively stable, following the debt relief in 2010, but progress on necessary fiscal and structural reforms has been slow. Curacao experienced modest growth in 2015 of 0.1 percent,...

This paper discusses key findings and recommendations of the Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision on Bulgaria. Within the Banking Supervision Department, the Special Supervision Directorate (SSD) has been assigned multiple activities...

This paper discusses key findings and recommendations made in Financial System Stability Assessment for Turks and Caicos Islands. Although the financial oversight framework has significantly improved, the Financial Services Commission (FSC) should strive for further progress. Major advances have...

Cover; Table of Contents; LIST OF ACRONYMS; I. EXECUTIVE SUMMARY; II. INTRODUCTION; III. SUMMARY REPORT ON ONE YEAR OF PRSP III IMPLEMENTATION; III.1 Growth and the macroeconomic framework; A. A stable and sound macroeconomic framework; B. Expansion of structural reforms; C. Development of...

Cover -- THE IMF AND GLOBAL FINANCIAL CRISES -- Title -- Copyright -- Dedicatiopn -- Contents -- List of Figures, Tables, and Boxes -- Preface -- Acknowledgments -- Abbreviations -- 1 Introduction -- 1.1 IPGs and Financial Stability -- 1.2 IGOs and the IMF -- 1.3 Principals and Agents -- 1.4...