Burundi is one of the poorest countries in the world. The country is emerging from more than a decade of civil conflict. The World Bank’s country assistance strategy focuses on structural reforms to further increase growth and reduce poverty. The economy is emerging from the effects of...

Qatar has weathered the global economic crisis well. Enhancement of liquefied natural gas capacity (LNG), government support to the banking system, and increase in public spending sustain the high growth rates. There is a need to monitor aggregate demand to prevent the resurgence of inflation...

This paper asks 1) whether reliance on Eurobond financing over the medium term is consistent with sound debt management policy and 2) whether Macedonia can reasonably expect Eurobond borrowing costs to fall in the future. The main conclusions are that Eurobond financing appears justified in the...

Based on the economic developments and policies of Rwanda, the staff’s report was prepared. The rising global food and fuel prices have begun to elevate inflationary shares. The authorities are streamlining expenditures and introducing further reforms in revenue administration and public...

Solomon Islands’ economy has rebounded from the 2008–09 global financial crisis. An 18-month Standby Credit Facility has been approved in June 2010 and succeeded in restoring macroeconomic and financial stability. A new resource taxation regime is the key to reap the benefits from...

Tajikistan’s economic performance has been satisfactory, but challenges still remain. Executive Directors agreed that the challenge is to support recovery while addressing risks to macroeconomic stability. They emphasized for prudent monetary stance to avoid inflation and also to address...

In this paper, Mozambique’s financial stability is discussed. The poverty reduction strategy (PARP) aims to respond to these challenges and create the conditions for high, sustained, and inclusive economic growth. The prudent policies resulted in strong economic performance. Executive...

Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and economic crisis has also exposed areas of significant weaknesses, notwithstanding...

Mozambique's economic program was originally supported by a three-year arrangement under the Enhanced Structural Adjustment Facility (ESAF). The Mozambican authorities are to be commended for a continued satisfactory performance under their Poverty Reduction Growth Facility (PRGF)-supported...

Executive Directors commend the government for their continued commitment to restore macroeconomic stability and implement structural reforms to establish the foundation for high rates of economic growth and poverty reduction. The medium-term economic strategy is appropriate. The risks to the...