Recovery is underway with improving fiscal balance, declining debt, and well-contained inflation, though FY2024 real GDP remained below pre-pandemic levels and the debt level is still high. The 2023 Compact Review Agreement (CRA-23) and a successful tax reform have provided Palau with additional...

Despite external and domestic shocks, Zambia has corrected macroeconomic imbalances, reached agreement on most of the external debt under the perimeter of the debt restructuring, and undertaken sustained fiscal consolidation while safeguarding social spending. Economic activity has expanded in...

In July 2024, the Board approved a four-year arrangement under the Extended Credit Facility to support the Ethiopian authorities’ Homegrown Economic Reform agenda (HGER), which aims to correct macroeconomic imbalances, restore external debt sustainability, and lay the foundations for high,...

Economic activity remains strong despite global uncertainty. Favorable medium-term growth prospects are underpinned by Paraguay’s macroeconomic stability and the ongoing implementation of comprehensive structural reforms. Inflation remains under control, public debt at prudent levels, and...

Hurricane Melissa struck Jamaica shortly after the country successfully completed its Precautionary and Liquidity Line and the Arrangement under the Resilience and Sustainability Facility with the Fund. Jamaica’s strong track record of economic reforms has created critical buffers that are...

The country continues to face a highly challenging environment marked by the conflict in the East, compounded by mounting humanitarian pressures. The situation continues to strain public finances, with escalating security spending crowding out other essential expenditure. Recent political...

Strong growth has continued during 2025 as large financial inflows have contributed to robust domestic demand, but the medium-term outlook remains vulnerable to a less favorable external environment in the context of regional and global uncertainty. Tajikistan’s favorable economic performance...

This Country Program Evaluation (CPE) assesses the performance of the World Bank Group’s (WBG) assistance to the Republic of Kosovo from fiscal years (FY) 2012 to 2025, seeking to identify lessons to inform future WBG engagements in Kosovo, including the next CPF, which is expected in FY27....