Following a strong rebound in economic activity in 2021, real GDP is estimated to have expanded by 2.8 percent last year. Meanwhile, inflation jumped to 7¼ percent, and the current account deficit rose sharply partly reflecting higher commodity prices and despite a narrowing of the fiscal...

Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity prices. The financial sector is broadly healthy, but credit growth has been sluggish, except in the rapidly...

El Salvador has recovered well from the pandemic, supported by robust remittances and buoyant tourism flows, amid a sharp improvement in the country's security situation. Inflation has fallen and the external imbalances have narrowed more recently, consistent with a gradual improvement in public...

Évolutions récentes. Haïti est aux prises avec une conjoncture exceptionnellement difficile. Les conditions de sécurité, dont la détérioration a entraîné une crise sécuritaire durant les premiers mois de 2024, ont continué de se dégrader, entraînant des perturbations des chaînes...

This paper highlights the First Review under the Staff-Monitored Program (SMP). The SMP takes into account Haiti's fragility and capacity constraints, linked to security. Haiti faces a multidimensional crisis with a challenging outlook which is highly uncertain. The country is affected by both...

The 2025 Article IV Consultation discusses that Costa Rica has achieved remarkable economic progress due to its very strong fundamentals, policies, and policy frameworks. Such factors are expected to support robust growth going forward notwithstanding external headwinds. The economic outlook is...

This Selected Issues paper examines the impact of the energy transition (ET) and strategies to achieve it in the Easter Caribbean Currency Union (ECCU). Reducing energy dependence in the ECCU entails improving energy efficiency and shifting from fossil fuels to renewable energy (RE). This ET is...

This paper presents a detailed review report for the 2025 Discussion on Common Policies of Member Countries of the Easter Caribbean Currency Union (ECCU). The currency union has provided a strong anchor for macroeconomic stability. The ECCU has achieved a strong rebound from successive adverse...

The 2025 Article IV Consultation highlights that Guyana's economy has grown rapidly over the past two decades, progressing from low-middle-income to high-income status-the only Heavily Indebted Poor Countries (HIPC) Initiative participant to achieve this milestone. Oil production is fast ramping...