The Austrian economy performed well, but long-term problems were unaddressed. Austria has weathered the slump well. The government's economic policy priorities and recent achievements have been commendable. Tax reform will help improve the economy's long-term growth potential. Successful reform...

This Background Paper and Statistical Appendix highlights that starting in 1994, financial policies in Uzbekistan were tightened so as to reduce inflation and stabilize the exchange rate in anticipation of the introduction of the new national currency, the sum. The Central Bank of Uzbekistan...

This paper is a summary assessment of Chile's data dissemination practices against the IMF's Special Data Dissemination Standard (SDDS) complemented by an in-depth assessment of the dimensions of data quality for the national accounts, prices, government finance, monetary, and...

The performance of the Irish economy has been impressive. The outlook is broadly favorable, but there are risks to achieving a smooth transition to a sustainable rate of growth. The government's reform of the tax structure is commendable. To sustain high growth over the medium term, Ireland must...

The staff report for the Third and Fourth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Dominica highlights economic developments and policies. Import growth has been robust on account of the economic recovery but the impact on the current account...

Bolivia’s pursuit of structural reforms has begun to yield results despite the difficult social and political context. The fiscal performance under the program needs to be substantially strengthened. The recent passage of the informal corporate workout law represents a substantial advance...

This paper analyzes recent economic developments in the Federated States of Micronesia. Real GDP grew by a modest 1 percent in 1995, well below the average growth rate recorded during 1991–94, according to tentative estimates prepared by the IMF staff. The overall fiscal balance of the...

This paper examines Sudan’s 2005 Article IV Consultation and the Final Review of the 2004 and 2005 Staff-Monitored Program (SMP). Between 2001 and 2004, the economy of Sudan grew at an average rate of 6.4 percent per year, and the non-oil sector expanded at an annual rate of 5.3 percent....

This Joint Staff Advisory Note reviews the Poverty Reduction Strategy Paper Progress Report for Mongolia. Recent economic developments have been broadly favorable. Real GDP growth exceeded 10.5 percent in 2004 and is expected to remain robust, at about 5.5 percent in 2005, with a recovery in...

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.