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Argentina: A Never Ending Saga

The U.S. Court of Appeals has reaffirmed the verdict of a lower court regarding payment to holdout creditors. It has, however, stayed its ruling pendi

Jordan: Challenges Remain to Narrow the Large Twin Deficits

The turmoil in the region has aggravated the twin deficits in 2012. The removal of fuel subsidies combined with a surge in grants will narrow the fisc

Jordan: Steady Recovery in a Fragile Regional Environment

Economic activity is expected to recover gradually in 2013 and 2014, helped by sizable multilateral and bilateral support in the form of loans and gra

Tanzania: The Promise and Challenge of Gas Discoveries

Real GDP growth should remain buoyant, at around 8% in 2013 and 2014. Strong FDI inflows are likely to continue over the medium term. Offshore gas pro

Malaysia: Reelected Government's Policy Priorities

After May's narrow election victory, the government is likely to target greater fiscal adjustment in the upcoming budget for 2014, while monetary poli

Romania: Near-Term Stability, Medium-Term Challenges

With sharply reduced external imbalances likely to be sustained and government deficit set to remain less than 3% of GDP, near-term risks appear well

Czech Republic: A Cautious Return To Growth

Real GDP growth recovered in the second quarter and short-term indicators suggest further firming in the third quarter. Domestic demand remains very w

Colombia: Strengthening the Fiscal Framework

Authorities have taken advantage of relatively robust growth and rising oil revenues to strengthen the fiscal framework. The 2011 structural fiscal ru

Morocco: Challenges of Achieving Higher Growth

Growth is expected to accelerate from 2.8% in 2012 to 4.4% in 2013 driven by a strong rebound in agricultural output. Nonagricultural growth slowed to

Poland: Fiscal Woes Risk to Undo Pension Reform

With the fiscal deficit set to widen to 4.5% of GDP this year, the government has proposed another downsizing of the funded pension pillar. The propos
 

 

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