Program implementation and economic fundamentals continue to be strong, but the external position weakened in mid-2014. Projected growth for 2014 has been revised down to 2.8 percent from 3.7 percent, due to weaker demand for Seychelles' two main exports�tourism and canned tuna. At the same...

This 2014 Article IV Consultation highlights that South Sudan's economic performance has been mixed in recent years. Real GDP growth has displayed high volatility, the result of changes in oil and agricultural Production. Inflation rose in an initial period of economic instability in 2011�12...

EXECUTIVE SUMMARY Article IV issues. The government is committed to implementing the "Plan S�n�gal Emergent" (PSE), which contains valid diagnostics and policies to boost growth and accelerate poverty reduction. GDP growth is projected to rise from less than 4 percent in recent years to 4.5...

KEY ISSUES Macroeconomic developments remain favorable. Economic growth was strong during the first half of 2014 and is expected to remain close to 7 percent. Inflation remains in mid-single digits, consistent with the authorities' target of 5 percent by June 2015. New national accounts...

Côte d’Ivoire is preparing for presidential elections in October 2015 amid strong macroeconomic performance. All continuous and end-December quantitative performance criteria (PCs) and all but one indicative targets were met. All structural benchmarks were implemented, albeit with a minor...

In spite of the implementation of measures to strengthen public financial management during the last quarter of 2014, the performance criteria (PC) for end-2014 relating to gross tax revenue and bank and market financing of the government were not met owing to administrative weaknesses at the...

Zambia achieved strong growth and macroeconomic stability over most of the last decade. However, in the last two years, the Zambian economy has been facing strong headwinds from large fiscal imbalances, lower copper prices, and policy uncertainties. The current account has deteriorated,...

KEY ISSUES Backed by sound policies, economic performance since the 2013 Article IV Consultation has been positive. In response to fiscal stimuli and credit recovery, growth is picking up from the low levels that followed the credit-boom-and-bust-cycle. Careful central bank policies kept...

KEY ISSUES Tanzania’s macroeconomic performance remains strong. Real GDP grew by about 7 percent in 2014 and inflation is now slightly below the authorities’ 5 percent target. Growth is projected to remain strong and inflation moderate. Program performance since the last review has been...

A decade–long hydrocarbon boom has led to a fast rise of average incomes and spurred a large scaling up of investment spending on infrastructure, although progress on social indicators has been slow. With hydrocarbon extraction shifting into a trend decline in the context of weak oil prices...