This paper presents Zambia’s 2025 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review. Program performance has remained broadly satisfactory. All end-December 2024 quantitative performance criteria and most indicative targets...

This paper discusses Cameroon’s Eighth Reviews under the Extended Fund Facility and Extended Credit Facility, as well as the Third Review under the Resilience and Sustainability Facility Arrangement. Despite modest economic growth, Cameroon has maintained macroeconomic stability in the face of...

This paper presents Republic of Madagascar’s Second Review under the Extend Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, Financing Assurances Review, and Second Review under the Resilience and Sustainability Facility (RSF) Arrangement. Madagascar’s...

This paper reviews the first phase of Argentina’s Extended Fund Facility arrangement, highlighting a strong start despite a challenging external environment. Tight macroeconomic policies have enabled a smooth transition to a more flexible exchange rate regime and the easing of foreign exchange...

This paper presents Côte d’Ivoire Fourth Reviews under the Extended Arrangement under the Extended Fund Facility and the Arrangement under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Third Review under the Resilience and Sustainability...

This paper presents Niger’s Seventh Review of the Extended Credit Facility (ECF) Arrangement and the Third Review of the Arrangement under the Resilience and Sustainability Facility (RSF). The authorities’ implementation of their ECF- and RSF-supported programs was broadly satisfactory....

The Ecuadorian authorities made significant progress in the implementation of their economic program, supported by the 48-month Extended Fund Facility (EFF) arrangement approved by the Executive Board in May 2024 of SDR 3 billion (430 percent of quota, about US$4 billion). The new global...

The authorities remain committed to the program’s objectives, including fiscal consolidation, strengthening fiscal governance, and other structural reforms, despite the challenges posed by insecurity, poverty, weather shocks, and their interactions

The DRC’s economy has been resilient in a challenging environment amid the escalation of the armed conflict in the eastern part of the country, which placed significant strains on the budget. The authorities have made good progress on the structural reform’s agenda, but a few quantitative...

Economic growth in 2024 was supported by robust agricultural and livestock output. The outlook, however, is shadowed by foreign aid cuts and high global uncertainty, which exacerbate challenges from domestic security, climate shocks, and regional tensions