This 2007 Article IV Consultation highlights that real GDP growth of Solomon Islands rose to an estimated 6 percent in 2006, driven by fish, palm oil production, and services. However, it is expected to ease to 51⁄2 percent in 2007, as a further escalation in logging will be likely offset by...

This 2008 Article IV Consultation highlights that economic growth in Mauritius is responding to structural reform efforts. Tax reform, together with improvements in the business environment and investment initiatives, has spurred foreign investment to unprecedented levels and accelerated growth....

This 2004 Article IV Consultation for Panama reports that the medium-term outlook is encouraging, assuming implementation of the authorities’ fiscal program, which should put the public debt ratio on a steadily declining path. The banking system experienced a substantial recovery in 2003–04,...

Macroeconomic policy support and structural reforms have helped to bring about the economic recovery in Japan. Initiating a public process to obtain consensus on a credible strategy for eventual fiscal consolidation would help to raise confidence in long-term growth prospects and reduce the...

Israel is on the threshold of a marked improvement in economic performance. Passage of a revised Bank of Israel law along the lines recommended by the Levin Commission and endorsed by the Bank of Israel should be achieved as soon as possible. Continued vigilance regarding real exchange rate...

Norway showed exemplary economic performance over the past decade, as reflected in the strong economic growth and low inflation. Executive Directors commended this development, and stressed the need to maintain monetary and fiscal stances, improve efficiency, and corporate governance. They...

The Guinean government faced economic management problems. The government revised its budget and adopted fiscal and monetary targets aimed at stopping monetary expansion by scaling back and controlling expenditure to meet revenue. Repayment of government debt to the central bank will increase...

The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve...