This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in revenues following a tightening of the concessions regime resulted in a closing...

This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St. Kitts and Nevis has accelerated. In 2006, the economy is estimated to have recorded its third consecutive year of strong growth, projected at 4½ percent in 2006, with good...

This paper presents key findings of the Fourth Review for the Gambia under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The Gambia remains at high risk of debt distress. Overall performance under the PRGF-supported program has been satisfactory, but downside...

This 2013 Article IV Consultation highlights that Montenegro’s recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 2012 because of unusually severe winter weather early in the year, as well as...

This 2008 Article IV Consultation highlights that the main challenge for Maldives is to contain fiscal expenditures that have increased sharply following the tsunami. Expenditure has reached extraordinarily high levels by international and historical standards, with the majority of the increase...