Economic conditions have continued to improve, with robust growth and macrofinancial stability underpinned by prudent macroeconomic management. The medium-term outlook is favorable, contingent on sustained reform implementation, in particular to strengthen the business environment and support a...

The economic outlook remains positive, and the government has reaffirmed its commitment to the program. Reforms continue to deliver on their objectives including in enhancing social protection and advancing governance reforms. Nevertheless, global trade policy uncertainty has increased downside...

This paper presents Ukraine’s Eighth Review under the Extended Arrangement under the Extended Fund Facility, Requests for Modification of Performance Criteria, Rephasing of Access, and Financing Assurances Review. Ukraine’s economy remains resilient, and the authorities met all end-March and...

Jordan continues to maintain macroeconomic stability despite external headwinds from regional conflicts and heightened global economic uncertainty, owing to the authorities’ steadfast pursuit of sound policies and strong international support. Growth in 2024 ended up somewhat stronger than...

This Country Program Evaluation (CPE) will assess the performance of the World Bank Group's assistance to the Democratic Republic of Congo (DRC) between FY 2013 and FY24. The evaluation seeks to identify lessons to inform future Bank Group engagements in the DRC, including the next CPF, which is...

This paper examines how IMF policies contribute to the inequality in MENA, and to a Middle-Income Trap (MIT). Developing a theory expanding Acemoglu and Robinson's "Narrow Corridor" framework, it shows how IMF conditions align domestic elite incentives with creditor interests through a...

The authorities' implementation of the home-grown Economic Recovery and Transformation (BERT 2022) plan and their ambitious climate policy agenda remain strong, supported by the IMF's Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF). Economic growth in 2024 has been...

Paraguay's economic activity remained strong in 2024. GDP growth is anticipated to reach 4 percent with some upward potential due to favorable performance of financial intermediation, services, and manufacturing. Inflation is firmly under control and expectations are well anchored. Monetary...

This program review is taking place as Ukraine approaches a critical juncture. Conditions of exceptionally high uncertainty remain as Russia's war in Ukraine continues. Amid continuing attacks on energy infrastructure, comprehensive efforts to prepare for the ongoing winter, including the...