This paper presents an Update to the Data Module of the Report on the Observance of Standards and Codes (ROSC) for Mozambique. Despite the improvements in recent years, limitations in the coverage of most core comprehensive frameworks and indicators recommended in the General Data Dissemination...

This Selected Issues and Statistical Appendix paper analyzes the budget deviations in Malawi, their reasons, and the consequences for the fiscal policy process. It documents the observed deviations of outturn to plan in Malawi, analyzes the reasons for such deviations, outlines some of the...

This paper on Poverty Reduction Strategy Papers (PRSPs) on Kenya explains macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. The overall objective of macroeconomic policy is to...

This paper describes economic developments in Comoros during the 1990s. The economic performance of Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic...

This paper describes economic developments in India during the 1990s. Since late 1993/94, economic activity has expanded rapidly. Fiscal policy was relaxed substantially in 1993/94, a move that was only partly reversed in 1994/95. Like some other emerging markets, India experienced a surge of...

This report evaluates the Observance of Standards and Codes on Fiscal Transparency for the Republic of Equatorial Guinea. Equatorial Guinea needs to improve transparency in many of the important elements of the Code of Good Practices on Fiscal Transparency, but a basis is being established to...

The Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Waiver of Nonobservance of Performance Criteria for Rwanda are analyzed. The implementation of policies improved considerably in 2004, although economic performance has been adversely affected by exogenous shocks....

The 2005 Article IV Consultation for the United States reports that robust productivity growth and high corporate profits have contributed to a strong rebound in business investment and some acceleration in employment. The financial sector appears well positioned to provide continued support to...

This paper reviews Benin’s Poverty Reduction Strategy Paper (PRSP) for 2003–05. Benin’s PRSP represents, on the one hand, an overall strategy for combating poverty which, instead of focusing solely on economic growth or exclusively on social services, integrates all the...

This report provides an assessment of fiscal transparency practices in Rwanda against the requirements of the IMF Code of Good Practices on Fiscal Transparency. First, there is a description of practice, prepared by the IMF staff on the basis of discussions with the authorities and their...