This Selected Issues paper on Belize reviews the external competitiveness, balance sheet currency mismatch, and public sector debt. Belize is a small, open economy and highly dependent on external trade. Real wages in the private sector have increased only slightly. Belize’s exports of...

The centerpiece of the program is fiscal consolidation, to put Georgia on a path to fiscal sustainability, establish the ability of the government to meet its commitments, and underpin efforts to resolve the large external debt burden. Expenditure restraint should be complemented by reforms to...

This Selected Issues paper analyzes the developments in the labor market of Peru during the 1990s. The study assesses the relationship between the orientation of economic policy and export performance, in particular, export diversification over the last four decades. The paper describes the...

The statistical data on gross domestic product, supply and use of resources, savings and investment balances, crude oil production and prices, capital expenditure and oil exploration, production and export of timber, livestock, fishing, production and consumption of refined oil products,...

This report reviews the assessment of Jersey’s compliance with the Basel core principles for effective banking supervision based on the Core Principles. It provides a detailed assessment of the antimoney laundering and combating the financing of terrorism regime of Jersey and reviews its...

This paper presents an update to Report on the Observance of Standards and Codes (ROSC)—Fiscal Transparency Module for Japan. Under the Fiscal Investment and Loan Program (FILP) reform initiated in 2001, the size of FILP has been significantly reduced. The government is moving toward...

This Selected Issues paper analyzes trends in Tanzania’s external competitiveness and export performance. Using various multilateral and bilateral real exchange rates, the paper looks at developments in Tanzania’s real effective exchange rate since 1990. It evaluates the...

Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household...

This paper examines the Uruguay Round and its implications for the Dominican Republic. The ratification of the Uruguay Round Agreement has several implications for the Dominican Republic. Certain regulatory and legislative reforms will have to be addressed, some new specific institutional...

This paper reviews economic developments in Myanmar during 1992–96. There has been a strong recovery in output in response to reforms, with annual economic growth averaging about 8 percent during 1992/93–1995/96. The recovery has been driven by an increase in agricultural...