This paper discusses recent economic developments, outlook, and risks related to the Romanian economy. Romania made important progress in addressing economic imbalances and restoring growth after the global financial crisis. Prudent policies, partly in the context of successive IMF-supported...

This paper discusses economic developments, outlooks, and risks in Afghanistan. The economy is in difficultly. Deepening uncertainty about the political transition following the 2014 presidential election, corruption and weak governance, and a weakening security environment have complicated the...

This paper discusses growth prospects and downside risks of Luxembourg's economy. Luxembourg's small open economy plays a pivotal role in intermediating global capital flows. Deep-rooted traditions of fiscal prudence, business-friendly regulation, a skilled labor force, and low and predictable...

This paper discusses recent economic developments, outlook, and risks in Slovenia. Although strong demand in trading partners and large European Union structural fund transfers buoyed growth in 2014-15, the outlook is less reassuring. The short-term outlook is broadly balanced, while medium-term...

This paper discusses the Malawi authorities, request for a short extension (June 30, 2016) to their arrangement under the Extended Credit Facility (ECF) that is currently due to expire on May 22, 2016. The extension is needed to provide time for the authorities to implement two prior actions for...

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget deficit reached a record high in 2015 because of the collapse in hydrocarbon revenues...

This paper discusses key issues pertaining to the economy of Lithuania. Good policies and favorable business conditions have helped put Lithuania back on the convergence path with western European living standards. Last year, growth took a temporary hit from difficult external environment....

This paper discusses key issues related to the Colombian economy. Despite adverse global circumstances, Colombia's successful policies and inclusive growth agenda continued in 2015. Colombia's strong policy framework helped ensure an orderly adjustment to the deteriorated external conditions....

This paper discusses key issues related to the economy of Costa Rica. It bounced back quickly from the global financial crisis; growth has moderated below trend and macro vulnerabilities, mainly from the weak fiscal position, are rising. Policy actions have been broadly consistent with past IMF...

This paper features Grenada's request for waiver of non-observance of a performance criterion, request for modification of a performance criterion, and financing assurances review. The arrangement was approved on June 26, 2014, and the third review was completed on November 25, 2015. Grenada's...