Real GDP growth stabilized at 4.2 percent in 2024. Led by food and energy prices, year-on-year inflation persisted, rising from 7.3 percent in March 2024 to 8.6 percent in December 2024 as deteriorating road and electricity infrastructure continued to weigh on transportation and production...

El Salvador has recovered well from the pandemic, supported by robust remittances and buoyant tourism flows, amid a sharp improvement in the country's security situation. Inflation has fallen and the external imbalances have narrowed more recently, consistent with a gradual improvement in public...

Sri Lanka underwent a political transition with presidential and parliamentary elections in late 2024. The new authorities expressed commitment to the program. Reform efforts are bearing fruit with growth recovering, low inflation, increased revenue collection, and reserves accumulation. By...

This paper evaluates the transition from X12-ARIMA to X13-ARIMA-SEATS for the seasonal adjustment of Armenia's quarterly national accounts (QNA). We analyze the methodological advancements and their impact on key economic indicators, focusing on the precision and reliability of seasonally...

This paper presents Democratic Republic of São Tomé and Príncipe’s Second Review under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Extension and Augmentation of the Arrangement, and Financing...

This paper discusses The Gambia’s Gambia—Fourth Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modifications of Performance Criteria and Indicative Targets, and Financing Assurances Review; First Review under the...

This paper highlights Ghana’s Fifth Review under the Extended Credit Facility Arrangement and Financing Assurances Review. Ghana’s performance under the program has been broadly satisfactory, despite some delays in implementing complex structural reforms. The Ghanaian authorities have...

This paper discusses Ecuador’s Fourth Review under the Extended Arrangement under the Extended Fund Facility, Request for Modification of Performance Criteria, and Financing Assurances Review. The Ecuadorian authorities have made significant progress in the implementation of their economic...