Afghanistan has made important achievements in recent years. The 2011 Article IV Consultation highlights that authorities have taken steps to lay the foundation for economic stability and growth, despite a very difficult security situation and the challenges associated with building political...

This statistical appendix on Algeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. Basic economic and financial indicators, sectoral distribution of GDP, and real GDP growth are listed....

In this study, despite recovery in the aftermath of the global crisis, the following challenges faced by Mauritania are discussed: vulnerability to external shocks, an insufficiently diversified economy, weak business climate, lack of fiscal space, and high unemployment and poverty rates. The...

After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches. In reviewing developments over this decade, we find that the currency and...

Zambia showed strong economic performance with robust growth and moderating inflation under the Extended Credit Facility (ECF). It showed sound macroeconomic policies and progress in structural reforms. The Zambian authorities consider their main challenge to create fiscal space for priority...

The Democratic Republic of the Congo (DRC) has successfully implemented key reforms under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative, despite experiencing exceptional challenges since the decision point, including a challenging security situation. Revised present value of...

This paper discusses Congo’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). In the view of the staff of IDA and the IMF, Congo has met in full all of the triggers for reaching the completion point. All key decisions, actions, and measures required to...

This paper presents the Democratic Republic of São Tomé and Príncipe’s first review under the Three Year Arrangement under the Extended Credit Facility Arrangement. After averaging 6 percent a year over several years, real GDP growth in 2009 is estimated at 4 percent, reflecting a decline...

Recent developments in the Comoros point to slow, uneven, yet significant progress in political normalization. Overall performance under the Extended Credit Facility-supported program has been broadly satisfactory. The government understands the need to continue fiscal consolidation in support...

This Article IV Consultation reports that the economic growth of Mauritania is robust, which reflected prudent economic management, sustained donor support, and the beginning of oil production. Executive Directors observed that the return of constitutional order to Mauritania has established a...