This paper examines the Croatia’s Request for a Stand-By Arrangement (SBA). Despite a disappointing merchandise trade performance, strong exports of services and private transfers have helped restrain the current account deficit. The authorities' program for 2003 constitutes a major step...

This paper reviews economic developments in Latvia during 1994–96. The paper highlights that developments during this period have been dominated by the after-effects of the fiscal slippage in 1994 and the banking crisis in 1995, although there are signs of a recovery from these adverse...

This report provides details of the IMF's projections and estimates on New Zealand's gross domestic product by sector; selected indicators of economic activity; expenditure on GDP; price and wages; labor market developments; balance of payments; financial survey; services and income; interest...

The paper analyzes the Joint Staff Assessment of the Poverty Reduction Strategy Paper (PRSP) Progress Report for Guinea. The report assesses progress made in implementing the PRSP during the calendar years 2002 and 2003, and lays out the measures the government is pursuing to achieve its policy...

This supplementary report examines selected background issues in Denmark using charts and tables. Economic growth accelerated sharply in 1994, following several years of steady but unspectacular expansion. It is projected to slow somewhat in 1995–96 but remain above potential....

This paper reviews economic developments in Lesotho during 1992–95. GDP growth accelerated from 2.4 percent in 1992 to 13.6 percent in 1994 before slowing to 12.6 percent in 1995. The expansion has largely reflected investment associated with the Lesotho Highlands Water Project (LHWP) as...

This paper describes economic developments in France during the 1990s. The recovery of activity that took hold in the second half of 1993 slackened markedly in early 1995. The slowdown was initially evident in domestic demand, particularly private consumption. This was followed by a weakening in...

The staff report for the Second Review Under the Poverty Reduction and Growth Facility on Ghana highlights economic developments and policies. Efforts to consolidate the fiscal position continued, and there was no net domestic financing of the budget in 2003, implying a sharp reduction of...

This paper reviews economic developments in Sudan during 1997–99. Sudan initiated reforms under the 1997 and 1998 Staff-Monitored Programs. Real GDP growth accelerated modestly to an annual average of about 6 percent during 1997–98. Inflation declined from an average of 133 percent...

This 2005 Article IV Consultation highlights that Malta’s economic growth languished in 2004 for a fourth consecutive year. Slow growth reflected the weakness of, and increasing competition in, Malta’s export markets, as well as domestic factors. The slowdown had begun with shocks...