This progress report on Senegal’s Poverty Reduction Strategy Paper (PRSP) highlights that tax collection has been found to be effective as it attained the level foreseen in the high case scenario despite less favorable mobilization of PRSP resources than expected. More public investment...

This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade....

This paper reviews developments in the Australian economy during the prolonged expansion of the 1990s. The focus is on developments in the real sector, public finances, monetary policy, and the balance of payments during 1996–97. The paper reviews longer-term developments in the labor...

This 1999 Article IV Consultation highlights that Finland’s economy has made a strong recovery from the deep recession that began in the early 1990s. Spurred by a devaluation of the markka, growth was predominantly export driven, and the external current account shifted from a deficit of...

This recent economic developments report (RED) provides background information on economic developments in the Comoros during 1997–2000. Revenue and domestic expenditure developments resulted in small overall domestic deficits over much of the period, equivalent of 0.4 percent of GDP in...

This Selected Issues paper analyzes empirically the main determinants of Hungary’s inflation rate during 1990–96. Although there exist a number of possible methodologies to analyze this issue, the one proposed in the paper takes explicit account of the time-series properties of the...

This Selected Issues paper analyzes the medium-term macroeconomic outlook for India. The paper highlights that in the strong adjustment scenario, the joint effect of strong fiscal consolidation and ambitious structural reforms would bring the Indian economy onto a sustainable high growth path,...

This report reviews developments in Benin during 2003 in the context of the Sixth and Final Review Under the Poverty Reduction and Growth Facility (PRGF) arrangement. The report sets forth the policies and measures the government intends to implement during 2004 in the context of its poverty...

Macroeconomic performance has evolved in line with program projections, and financial market sentiment remains strong. Although the political situation remains stable, electoral politics are expected to intensify in advance of next year's general elections. The authorities indicated that they...

Recent economic developments: economic activity and prices; fiscal developments; monetary policy and developments; external sector developments. Eighth Five-Year Plan; background; objectives and strategy; key elements; and sectoral policies. Financial sector developments and reforms. Statistical...