This paper presents key findings of the First Review for Côte d'Ivoire under the Extended Credit Facility. Program performance at end-2011 was broadly satisfactory. All quantitative performance criteria for end-2011 were met, but the implementation of structural reforms has been mixed. Although...

This 2009 Article IV Consultation highlights that the Central African Republic has recorded the modest economic growth since the end of the internal conflict in 2003, recovering from decades of decline in living standards. Real GDP grew by 2½ percent a year on average during 2004–08....

Three years of broad-based economic recovery in Kenya brought GDP growth to nearly 6 percent in 2005/06, its highest in two decades. This 2006 Article IV Consultation focuses on how to sustain Kenya’s recent strong economic growth. It argues that this would require accelerating structural...

This paper discusses Sierra Leone’s Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF). Sierra Leone has made considerable progress during the last PRGF-supported program toward macroeconomic stability. Macroeconomic performance was generally...

This paper evaluates Tanzania’s Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Modification of Performance Criteria. Program objectives for the remainder of 2004/05 are fully achievable,...

The economy of Haiti is recovering despite the challenging international and domestic environments. The FY2011 budget appropriately supports the reconstruction objectives in a context of sustainable public financing. Monetary policy remains geared toward keeping inflation in the single digits....

This 2004 Article IV Consultation highlights that Trinidad and Tobago’s economy, which is endowed with large energy reserves, is experiencing a strong energy sector-based expansion owing to increased output and high international prices. The energy sector already accounts for about 40...

The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance. Executive Directors commended the authorities for quickly restoring basic government functions and maintaining sound policies during the crisis. Directors welcomed the...

The Gambia’s 2008 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility are discussed. A sharp appreciation of the dalasi in 2007 has mitigated the impact of increases in world food and oil prices. The authorities’ response to the continuing rise...