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China: Modernizing the Railways

The reinstatement of the ambitious railway investment program in mid-2012 after the crash of a high-speed passenger train and the resolution of public

Oman: Fiscal Restraint Needed Going Forward

High oil prices and an increase in production pushed the budget surplus up to an estimated 4.2% of GDP in 2012. Expenditure has risen sharply over the

Oman: Using Oil and Gas to Diversify the Economy

An increase in oil and gas production and robust activity in the nonhydrocarbon sector pushed growth to an estimated 7.1% in 2012. The biggest challen

Malaysia: Looking Beyond the National Elections

Although tarnished by opposition allegations of electoral irregularities, as well as the failure to secure a majority of the popular vote, the recent

Venezuela: Tough Fiscal Choices Ahead

President Nicolás Maduro faces the daunting task of addressing rapidly growing fiscal challenges while avoiding political upheaval stemming from the

Algeria: Reforms Needed to Boost Nonhydrocarbon Growth

Nonhydrocarbon growth remained strong, supported by government spending. Hydrocarbon output is expected to continue declining at least until 2015. Str

Malaysia: Facing an Electoral Hurdle

The return to trend growth and supportive policies leave the Barisan Nasional (BN) government of Prime Minister Najib Razak well placed to win the clo

Mexico: Delivering on the Structural Front

Broad political consensus has enabled President Enrique Peña Nieto to make substantial and rapid progress on reform implementation, auguring higher t

India: Inflation is Moderating

Subdued domestic demand, falling commodity prices and improving agricultural supply are contributing to a decline in the high inflation rate. The cent

Emerging Markets Bank Lending Conditions Survey - 2013Q1

The latest survey, conducted by the IIF between March 12 and April 16, 2013, pointed to continued overall improvement in bank lending conditions in 20


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