The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic developments and fiscal policy. The continued robust growth owes much to the favorable external environment, with judicious macroeconomic policies, continued structural reforms, and...

This 2005 Article IV Consultation highlights that Russia is in its seventh year of robust economic growth. This strong performance was ignited by the sharp depreciation in the wake of the 1998 crisis, and subsequently sustained by large terms-of-trade gains, in combination with increased...

This paper discusses key finding of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes (ROSC) on the Banking Supervision and Payment Systems in Albania. The assessment reveals that the Albanian financial system is not highly vulnerable to...

The Solomon Islands’s 2005 Article IV Consultation reports that the improvement in the economic performance registered after the arrival of the Australian-led intervention force in mid-2003 has continued. The projected deterioration in the external current account reflects...

This paper assesses Ethiopia’s 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Performance under the first annual PRGF-supported program was good, and the second annual program remains on track. All the quantitative and...

Moldova showed reasonable macroeconomic developments. Executive Directors welcomed this development, and stressed the need to implement prudent macroeconomic policies and accelerate structural reforms to sustain growth. They encouraged fiscal and tax reforms, and urged the need to tighten...

This paper provides the details of the IMF's projections and estimates on Nicaragua's gross domestic product by expenditure; value added in agriculture and manufacturing; central government operations; operations of the rest of the general government and public utility enterprises; summary...

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 Selected Issues paper analyzes Kazakhstan's recent trends in the fiscal position of general government; the fiscal and oil price vulnerabilities; the fiscal framework; and tax administration. The paper also describes the development of activity in capital markets, the growth of pension...

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.