The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
Sound monetary and fiscal policies have contributed to making the current U.S. economic expansion the longest on record. Executive Directors welcomed these developments, and congratulated the U.S. authorities on the adoption of the Gramm-Leach-Bliley Act, which represents a much needed overhaul of the outdated laws regulating the financial sector in the country. They commended the improvements in market access provided by the enacted African Growth and Opportunity Act and the Caribbean Basin Initiative, and encouraged the U.S. government to complete the necessary financing arrangements.