Publications

Tanzania: Nonconcessional Funding Adds to Vulnerabilities

September 19, 2013

Tanzania has gained access to international markets, but rising reliance on nonconcessional funding with a persistent deficit raises concerns. In the

September 2013 Global Economic Monitor

September 17, 2013

Activity has continued to strengthen in the advanced economies, but differences across the EM world remain prominent. Those EMs that are closely integ

Venezuela: Struggling to Stay Afloat

September 10, 2013

President NicolÃ¡s Maduro is struggling to boost growth and stem inflation. With very limited policy scope, we expect the government to devalue the bo

Five Years After the Crisis

September 10, 2013

The five years since the global financial crisis has witnessed a striking divergence in performance between advanced economies and the emerging market

Euro Area: High Unemployment Likely to Linger

September 5, 2013

The good news: Euro Area unemployment fell for the first time in two years in June-July. The bad news: Unemployment is likely to decline only very gra

Nigeria: Fiscal Policy Challenges and Complexities

September 5, 2013

Despite its substantial oil wealth, Nigeria has recorded federal budget deficits for the past four years. Our projections suggest that the deficit wil

Turkey: Growth Set to Slow as Confidence Weakens

September 3, 2013

Large macroeconomic imbalances and increased political tensions have left Turkey among the hardest hit emerging markets as global market sentiment wor

Argentina: A Never Ending Saga

September 3, 2013

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

August 29, 2013

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

August 22, 2013

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

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