This Selected Issues paper reviews trends in GDP and their impact on poverty reduction in Ghana. It highlights structural constraints that are believed to have affected output growth, along with potential sources of increases in output in future years. The paper analyzes trends in the main...

This Selected Issues paper on the Kingdom of the Netherlands reviews the cyclical position of the Dutch economy, and provides a comparison of different estimates of the nonaccelerating inflation rate of unemployment and the potential output. The study analyzes the adjustment mechanisms embedded...

Jamaica has achieved considerable success in reducing inflation, restructuring the financial system after the crisis in 1995–96, and further liberalizing the economy through tariff reduction and privatization. The government is urged to strengthen its efforts to put the economy on a less...

This 2002 Article IV Consultation highlights that after four years of strong growth, economic activity in Cyprus has tailed off since late 2001, affected by the global economic slowdown. The authorities estimate growth for 2002 to have declined to 2.3 percent, with falling tourist arrivals and...

The extensive growth model introduced under central planning in the 1950s resulted in rapid industrialization and initially high growth. The efforts to bring the banking system on a sound footing following the 1996–97 crises have hardened budget constraints, but they have yet to result in...

In this paper, the following statistical data were listed in detail: GDP by both expenditure and sector, industrial production by sector, agricultural and industrial production indices, structure of agricultural land ownership, agricultural production by sector, nominal wages by sector, monthly...

This paper describes economic developments in the Russian Federation during 1995–96. It reviews trends in the domestic economy. It describes developments in the public finances, monetary policy, financial sector, and the external sector. The paper highlights that the output decline slowed...

This paper reviews economic developments in Mali during 1990–94. In the tertiary sector, trade continued to be the leading source of value added; its share in GDP increased continuously, from 17 percent in 1989 to 18.5 percent in 1993. This was compensated by a marked decline of the share of...

The Joint Staff Advisory Note on Honduras’s Poverty Reduction Strategy Paper Second Annual Progress Report is presented. The framework, which is consistent with the government’s economic program being supported by the Poverty Reduction and Growth Facility arrangement, aims at...

The paper provides a brief review of economic developments and policies in the Netherlands Antilles. The government’s current adjustment initiative provides a much needed opportunity for restoring growth prospects for the Netherlands Antilles. The paper has looked into issues pertaining...