This report assesses the Observance of Standards and Codes on Fiscal Transparency for Romania. Romania has made progress in improving fiscal transparency. Over the last few years, the pace of reforms in this area and in strengthening the management of public finances has intensified, with the...

Australia's economy has continued to perform remarkably well, despite encountering major adverse shocks. Fiscal policy, with an objective of maintaining a balanced budget, will help support the economy. Maintaining a sound and stable macroeconomic environment is essential. Reforms of the...

This data module of the Report on Observance of Standards and Codes (ROSC) for Mexico contains a brief assessment of dissemination practices relative to the Special Data Dissemination Standards (SDDS) of the IMF. The findings reveal that dissemination of data subject to the SDDS is in observance...

Executive Directors commend the government for successfully completing the Living Standard Measurement Survey. There is a need to improve governance, and the fight against corruption has to be prioritized crosscutting all reforms in the strategy. Maintaining a stable macroeconomic environment...

This Report on the Observance of Standards and Codes (ROSC) data module provides an assessment of Egypt’s macroeconomic statistics against the Special Data Dissemination Standard (SDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment...

This paper reviews economic developments in Cyprus during 1990–95. Economic growth slowed down and became more volatile in the early 1990s compared with the 1980s. External shocks, compounded by unfavorable domestic developments, kept GDP growth at unusually low levels in 1991 and 1993....

This paper examines Uruguay’s Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria and Exchange System. Progress on the structural front has been mixed. The...

The Poverty Reduction Strategy Paper (PRSP) on Burkina Faso explains the status of the PRSP, implementation, and key strategic areas. Actions to reduce the vulnerability of the poor have had more noticeable impact, as have actions to increase employment opportunities and promote...

This paper analyzes the recent economic developments in Madagascar under the new Poverty Reduction and Growth Facility Arrangement. It highlights the production, income, and overall fiscal developments; discusses various measures to simplify the tax system, improve tax and customs...

This paper presents key findings of debt sustainability analysis (DSA) for Ethiopia. The stress tests reveal that Ethiopia’s external debt and debt service indicators are particularly sensitive to the terms of new borrowing and negative export shocks. The baseline projections appear...