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Collision and Collusion

by Janine R. Wedel

When the Soviet Union's communist empire collapsed in 1989, a mood of euphoria took hold in the West and in Eastern Europe. The West had won the ultimate victory--it had driven a silver stake through the heart...


Against the Troika: Crisis and Austerity in the Eurozone

by Costas Lapavitsas, Heiner Flassbeck & Paul Mason

On the 25th January 2015 the Greek people voted in an election of historic importance—not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal...


Morocco:First Review Under the Arrangement Under the Precautionary and Liquidity Line-Staff Report; Press Release; and Statement by the Executive Dire

by International Monetary Fund. Midd Dept.

This paper discusses Morocco's First Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). Significant progress was made in implementing the reform agenda. The program remains broadly...


Morocco:2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco

by International Monetary Fund. Midd Dept.

This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities,...


Paraguay: 2014 Article IV Consultation:Staff Report; and Press Release

by International Monetary Fund. West Dept.

This 2014 Article IV Consultation highlights that economic activity in Paraguay has slowed from record-high growth in 2013, but remains buoyant. Construction, manufacturing, and services led the expansion in...


Republic of Slovenia:Selected Issues Paper

by International Monetary Fund. Euro Dept.

This Selected Issues paper examines social spending reform and fiscal savings in Slovenia. Rising expenditure has been at the root of Slovenia's fiscal deterioration since the onset of the crisis. The paper...


Republic of Slovenia:2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Slovenia

by International Monetary Fund. Euro Dept.

This 2014 Article IV Consultation highlights that Slovenia is recovering from a deep crisis. Growth is estimated to have reached about 2.6 percent in 2014, supported by strong exports and EU-funded public investment....


Guinea:Poverty Reduction Strategy Paper-Progress Report

by International Monetary Fund. Afri Dept.

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...


Guinea:Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation

by International Monetary Fund. Afri Dept.

KEY ISSUES The Ebola outbreak has inflicted a heavy toll on Guinea’s economy notwithstanding the supportive macroeconomic policies the authorities put in place. Fiscal policy has expanded to reflect revenue...


Union of the Comoros:2014 Article IV Consultation-Staff Report, Press Release and Statement by the Executive Director for the Union of the Comoros

by International Monetary Fund. Afri Dept.

KEY ISSUES • The Comorian economy continues to grow although at a slightly slower pace. Economic growth in 2014 is projected at 3.3 percent, adversely affected by electricity disruptions and slower-than-expected...


Kenya: Request for Stand-by Arrangement and an Arrangement Under the Standby Credit Facility:Staff Report; Press Release; Statement by the Executive D

by International Monetary Fund. Afri Dept.

Following the approval of a new constitution in 2010, the authorities have embarked on important reforms including fiscal devolution, VAT reform, and the overhaul of the expenditure management framework. Supported...


Mozambique:Fiscal Transparency Evaluation

by International Monetary Fund. Fisc Dept.

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...


Angola: Technical Assistant Report - Angola:Fuel Price Subsidy Reform the Way Forward

by International Monetary Fund. Fisc Dept.

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...


Costa Rica: 2014 Article IV Consultation:Staff Report; Press Release; Staff Statement; and Statement by the Executive Director for Costa Rica

by International Monetary Fund. West Dept.

The economy recovered quickly from the global crisis of 2008–09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains...


Costa Rica:Selected Issues and Analytical Notes

by International Monetary Fund. West Dept.

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...


Antigua and Barbuda:Public Expenditure and Financial Accountability (PEFA) Performance Assessment

by International Monetary Fund. Fisc Dept.

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...


Montenegro:2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Montenegro

by International Monetary Fund. Euro Dept.

KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy:...


Canada:Selected Issues

by International Monetary Fund. West Dept.

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...


Republic of Madagascar:Selected Issues Paper

by International Monetary Fund. Afri Dept.

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...


Republic of Madagascar:2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Madagasca

by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Madagascar is one of the poorest countries in the world. Weak economic growth has contributed to persistent and increasing poverty with deteriorating social indicators. In a fragile environment,...