Growth continues to recover from the impacts of the unfavorable global economic environment and domestic factors. Growth is expected to continue strengthening, supported by the implementation of the authorities' reform agenda, and subsiding global commodity prices. Inflation is projected to...

Zambia faces a severe drought, sharply reducing agricultural and electricity output and leading to extensive load shedding. In response, the authorities expanded social cash transfers to support affected households. Multilateral financing has eased fiscal and balance of payments pressures....

Economic activity remains strong but moderating as transitory trade, remittances, and capital flows peter out. The outlook is positive, with growth expected to reach 6.0 percent in 2024 and to converge gradually to its long-term rate. Inflation has picked up very slowly and is expected to remain...

Jordan continues to show resilience and maintain macro-economic stability, thanks to the authorities' sound macro-economic policies and reforms. However, as the conflict in the region continues and widens, it is having a larger impact on Jordan's economy than anticipated at the outset of the program

On March 22, 2023, the IMF Executive Board approved 38-month Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements with Papua New Guinea to help address a protracted balance of payments need, manifested in foreign exchange shortages, and to support the authorities' reforms...

Economic growth remains robust, with inflation stable at the midpoint of the target range. Supported by the Policy Coordination Instrument (PCI), Resilience and Sustainability Facility (RSF), and the Stand-by Credit Facility (SCF) Rwanda is advancing its structural reforms focused on...

Economic growth in Seychelles appears to have slowed relative to earlier forecasts. Real GDP growth is projected at 3 percent in 2024 compared to an earlier projection of 3.7 percent. This reflects lower tourist arrivals in the wake of a temporary reduction in the number of direct flights and a...

Benin's strong reform drive and sound macroeconomic management over the past several years have provided policy space to bolster resilience to repeated shocks. The authorities started rebuilding policy buffers last year and recently regained access to the international capital market after a...

On December 9, 2024 the IMF's Board approved the Republic of Serbia's fourth, and final, review under the 2-year Stand By Arrangement (SBA) 2022-24, and a request for a successor 36-month Policy Coordination Instrument (PCI). Under the SBA, the authorities pursued ambitious reforms, helping...

The evaluation assesses the IMF's EAP from its inception in 2002 through mid-2023, the launch of the evaluation. Drawing on experience with 38 Exceptional Access (EA) arrangements during the evaluation period, the analysis spans the EAP's objectives and design, successive reforms, and experience...