This paper reviews economic developments in the United Kingdom during 1991–95. Following a brisk expansion in 1994, when the economy achieved a rare combination of above-trend output growth and historically low inflation, the pace of economic activity in the United Kingdom has moderated...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

This paper reviews economic developments in Guinea during 1990–98. Economic developments were dominated by the coming on stream of important oil fields in 1992 and 1996, and the subsequent breakdown in fiscal discipline and transparency. In response to the January 1994 devaluation of the...

The United Kingdom showed impressive economic performance and low inflation owing to its strong policy frameworks. Executive Directors commended this development, and stressed the need to tighten fiscal and monetary stances, and accelerate structural reforms. They appreciated the steps to...

In this study, the following statistical data are presented in detail: supply and use of resources at current prices, production, exports, consumption of petroleum products and gas products, land use patterns, crop yields, livestock, production of minerals, consumer price index, income of...

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) Progress Report for Bhutan. Bhutan’s PRSP aims to galvanize the poverty reduction efforts of the Royal Government of Bhutan, building on past achievements. It targets an average growth rate of 8¼...

Nigeria’s 2002 Article IV Consultation highlights that major macroeconomic imbalances had emerged as a result of sharp increases in government spending and expressed concern at the risks of a further acceleration of inflation and continuing instability in the exchange market. The overall...

This paper reviews economic developments in Sudan during 1992–96. Real GDP rose by 5.3 percent in 1992/93 when rains were good and by about 4.5 percent during 1993/94–1995/96, as an uneven pattern of rainfall produced swings in output. With the exception of the first half of 1995,...

Performance under the program has been satisfactory. Real GDP growth is higher than estimated owing to substantially higher than projected agricultural production. Burkina Faso continues to depend heavily on external assistance and on cotton exports, and is highly vulnerable to terms-of-trade...

This 2004 Article IV Consultation highlights that real GDP growth of Mauritius is expected to rebound to about 4½ percent in 2003/04. This largely reflects the recovery of tourism and sugar production, and continued strong construction and transportation activity. The current account is...