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Transitioning to Emerging Markets
The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have gro...
Mounting Challenges, Decisive Times
In a worsening global environment, economies in the Middle East and Central Asia are being buffeted by a confluence of shocks: a global slowdown, high...
Selected Issues
Selected Issues...
Promoting Growth and Inclusiveness in the Middle East and North Africa
This publication brings together a set of IMF papers that prepared as backgrounds for the various sessions of the conference and will help put into br...
Islamic Republic of Mauritania: Selected Issues...
Republic of Kazakhstan: Selected Issues...
This Selected Issues paper analyzes the performance and vulnerabilities of Qatar’s nonfinancial corporate (NFC) sector. Qatar’s NFC sector is siza...
Qatar: Selected Issues...
Algeria: Selected Issues...
Selected Issues Paper
This Selected Issues paper analyzes various aspects of fiscal framework in the Republic of Mauritania. Mauritania needs to avoid pro-cyclical fiscal p...
This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversit...
A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia, and the p...
Third Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania
This paper discusses Islamic Republic of Mauritania’s Third Review of Arrangement under the Extended Credit Facility. The program aims at entrenchin...
This selected issues paper on Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consu...
The signs of economic stabilization are strengthening, with gradual disinflation underway and external pressures easing further since the first review...
This Selected Issues paper analyzes energy price reform in Kuwait. It emphasizes that Kuwait should take advantage of current low global energy prices...
This Selected Issues paper explores the monetary policy transmission channels in Algeria and analyzes available options to strengthen monetary policy ...
Request for Arrangement Under the Extended Fund Facility
This paper discusses Armenia’s Request for Arrangement Under the Extended Fund Facility (EFF). Performance under the 2010–2013 program, which was ...
2013 Article IV Consultation
This paper analyzes the Republic of Kazakhstan’s 2013 Article of Consultation. The IMF report focuses on vision of developing Kazakhstan into a lead...
This issue focuses on the ongoing adjustment to cheaper oil and subdued economic activity for oil-producing countries, as well as the weak and fragile...
First Review Under the Stand-By Arrangement and Request for Modifications of Performance Criteria and Monetary Policy Consultation Clause-Press Release; Staff Report
The Stand-By Arrangement (SBA) is off to a good start, and the economic outlook is generally positive. Real GDP growth reached 12.6 percent in 2022, d...
Kuwait: Selected Issues...
This paper analyzes that past growth was characterized by a suboptimal allocation of the factors of production and a lack of dynamism in the private s...
This Selected Issues paper on Kuwait focuses on fiscal expenditures with the aim of identifying potential areas for reform. While the authorities’ p...
Morocco: Selected Issues...
This paper discusses recent trends, constraints, and opportunities for the future of Tunisia's economy. Tunisia enjoyed solid GDP growth rates in the ...
This Selected Issues paper discusses some options to strengthen Iran’s fiscal framework, and highlights the need for a medium-term framework. Fiscal...
The May 2010 Regional Economic Outlook: Middle East and Central Asia reports on the implications for the region of global economic developments and pr...
This Selected Issues paper estimates the optimal allocation of government current spending, precautionary saving, and investment for Kuwait under unce...
Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Tajikistan
This paper discusses Republic of Tajikistan’s Request for Disbursement Under the Rapid Credit Facility (RCF). The coronavirus disease 2019 (COVID-19...
Oil exporters in the Middle East and North Africa, Afghanistan, and Pakistan region (MENAP) are continuing to adjust to lower oil prices, which have d...
This Selected Issues paper discusses the need to meet Algeria’s fiscal challenges. Although Algeria enjoys substantial fiscal savings, fiscal policy...
Morocco has made substantial progress in increasing inclusive growth over the past decade, but additional efforts in terms of growth-enhancing structu...
Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Tunisia
This paper presents an overview of the macroeconomic condition of Tunisia. Tunisia has managed to preserve macroeconomic stability and initiate fiscal...
Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan
This paper discusses Islamic Republic of Afghanistan’s Request for Disbursement Under the Rapid Credit Facility. The disbursement will help meet the...
This Selected Issues paper on the United Arab Emirates highlights the macroprudential policies. The fixed exchange rate and persistent structural liqu...