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

EXECUTIVE SUMMARY Background. The political transition is moving forward again following another period of political upheaval and security tensions. However, the protracted political crisis of the past few months has taken a toll on the economy, resulting in a weaker economic recovery than...

EXECUTIVE SUMMARY Extended Arrangement under the Extended Fund Facility (EFF): A 36 month, SDR 4,393 million (425 percent of quota) Extended Arrangement under the Extended Fund Facility was approved by the Executive Board on September 4, 2013 (Country Report No. 13/287). The second tranche of...

EXECUTIVE SUMMARY Regional instability continues to affect Jordan. The conflict in Syria and shortfalls in gas flows from Egypt are putting pressure on the fiscal and external accounts. The large inflow of refugees from Syria is also straining labor and housing markets as well as the provision...

KEY ISSUES Context. High oil prices and increased production have enabled the government to continue to record high fiscal and external surpluses and build strong buffers. Large infrastructure investments are expected to support the growth momentum. Outlook and risks. Overall real non-oil gross...

This Selected Issues paper estimates the optimal allocation of government current spending, precautionary saving, and investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline in oil prices, projected current spending...

Sudan faces difficult challenges in the conduct of its monetary policy following South Sudan’s secession in 2011. Sudan’s economic conditions deteriorated rapidly after this permanent shock. The fiscal deficit widened owing to the loss of oil revenues and delays in fiscal adjustment....

The November 2013 Regional Economic Outlook: Middle East and Central Asia reports the near-term economic outlook for the Middle East region has weakened. Difficult political transitions and increased regional uncertainties weigh on confidence in the oil-importing countries. Growth in these...

This interim Poverty Reduction Strategy Paper (I-PRSP) was prepared following the secession of South Sudan in July 2011. It was approved by the Council of Ministers as well as by Parliament on 20 July 2012, respectively. The preparation of this I-PRSP was initiated before the secession of South...

Macroeconomic conditions deteriorated in 2012. Growth slowed to 2.7 percent from 5 percent in 2011. Both the external and fiscal deficits widened significantly, to 10 percent and 7.6 percent of GDP, respectively. The 2012 fiscal outcome entailed a significant slippage from the authorities’...