This paper discusses Moldova's First Reviews under the Extended Credit Facility and Extended Fund Facility Arrangements and Request for Modification of Performance Criteria. The program is broadly on track, enjoys strong country ownership, and is supported by policymakers' firm commitment to...

This paper discusses the Kyrgyz Republic's Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF) and the Request for Modification of Performance Criteria (PCs). Program conditionality has been broadly met. All end-June 2016 quantitative PCs and indicative targets...

This paper discusses Afghanistan's First Review under the Extended Credit Facility (ECF) Arrangement and the Request for Modification of Performance Criteria (PCs). Program implementation has been satisfactory. All quantitative PCs and indicative targets were met. The authorities are planning to...

This paper discusses Cote d'Ivoire's First Reviews under Extended Arrangement under the Extended Fund Facility (EFF), an Arrangement under the Extended Credit Facility (ECF), and the Request for Modification of Performance Criteria (PCs) and Augmentation of Access. Growth is projected at about 7...

This paper discusses The Gambia's Request for Disbursement Under the Rapid Credit Facility, and Proposal for a Staff-Monitored Program. The authorities have committed to lowering net domestic borrowing (NDB) from 11.4 percent in 2016 to a fiscal anchor of 1 percent of GDP in 2017 and beyond, and...

This paper discusses Malawi's Ninth Review Under the Extended Credit Facility Arrangement and Request for Waivers for Nonobservance of performance criteria. Real GDP growth is expected to range between 4-5 percent in 2017 owing to a good agricultural harvest and its expected spillovers to other...

This paper discusses Tunisia's First Review Under the Extended Fund Facility (EFF), Request for Waivers of Nonobservance of Performance Criteria and Rephasing of Access. Most quantitative performance criteria (QPCs) for end-December 2016 were missed and all structural benchmarks (SBs) through...

This paper discusses Gabon's Request for an Extended Arrangement Under the Extended Fund Facility (EFF). The main goal of the program is to ensure macroeconomic stability and lay the basis for sustainable and equitable growth. To this end, the program seeks to ensure debt sustainability at the...

This paper discusses Mali's Seventh Review Under the Extended Credit Facility Arrangement, and Request for Extension of Augmentation of Access. Program implementation is broadly satisfactory but the external position remains difficult and fiscal challenges are mounting. All December 2016...

This 2017 Article IV Consultation highlights that economic developments in Madagascar were encouraging in 2016. Driven by public investment, increasing textile exports, and accelerating activity in agroindustry, economic growth reached 4.2 percent in 2016-the highest level since 2008. Reforms...