The staff report for the 2008 Article IV Consultation of the Federated States of Micronesia examines economic developments and policies. Growth could recover modestly in the near term as falling commodity prices boost real incomes and progress is made on spending unused compact infrastructure...

Economic activity is on the upswing in Tajikistan, bolstered by higher hydroelectric power production. The government is working to address the structural energy deficit and achieve energy independence, raise social expenditures, maintain a flexible exchange rate regime, and continue structural...

Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been projected to contract by about ½ percent in 2008 and 1 percent in 2009, with risks tilted to the downside, linked to a further slowing of global growth and falling consumer...

The German financial system is complex and highly diversified. The second most important class of financial institutions is insurance and pension companies. Germany has taken steps to enhance accounting and auditing practices and to align corporate governance with best international practices....

This paper discusses key findings of the Financial System Stability Assessment on Banking Supervision, Insurance Supervison, Securities Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism for Greece. The Greek financial sector appears largely sound and resilient to...

This 2004 Article IV Consultation highlights that six years after the 1998 financial crisis, Ukraine continues to recover strongly. In 2003, real GDP grew by 9.4 percent, despite a poor harvest, and reached 13.5 percent through July 2004. Growth in 2003–04 has been prompted by favorable...

Contents include: Real sector developments: output trends; sectoral developments; and income, wages, and prices. Public finances; fiscal balance; revenue developments; expenditure developments; social safety net. Financial sector developments; monetary and exchange rate developments; the use of...

Argentina’s First Review Under the Stand-By Arrangement and a Request for Waiver of Nonobservance and Applicability of Performance Criteria are reviewed. Favorable conditions allowed a further strengthening of the external position, though external arrears continued to increase. Congress...

This paper reviews economic developments in Latvia during 1994–96. The paper highlights that developments during this period have been dominated by the after-effects of the fiscal slippage in 1994 and the banking crisis in 1995, although there are signs of a recovery from these adverse...

The staff report for the Third and Fourth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Dominica highlights economic developments and policies. Import growth has been robust on account of the economic recovery but the impact on the current account...