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International Monetary Fund

This 2009 Article IV Consultation highlights that the Central African Republic has recorded the modest economic growth since the end of the internal conflict in 2003, recovering from decades of decline in living standards. Real GDP grew by 2½ percent a year on average during 2004–08. In 2008 and early 2009, a series of domestic and external shocks hit the economy, beginning with unstable power supply, followed by price rises in imported commodities, and later the global recession. Executive Directors have underscored the importance of further strengthening fiscal management.

International Monetary Fund. African Dept.

This paper discusses Côte d'Ivoire's Eighth Review Under the Extended Credit Facility (ECF) Arrangement. The macroeconomic outlook remains strong with high projected growth rates supported by sustained improvements in the business climate and rising private investment, including in large private-public infrastructure projects. Risks to the near-term growth outlook are moderately tilted to the downside. Adverse weather owing to El Niño could lower output, and the failure to contain fiscal risks could weaken the fiscal accounts. The IMF staff supports the authorities' request for completion of the eighth ECF review.

International Monetary Fund. European Dept.

Denmark’s public expenditure as a share of GDP is the highest in the OECD. The main difference between Denmark and the median OECD country is the larger amount of social protection expenditure. The public health expenditure of Denmark is the second highest in the OECD. Following years of strong public capital accumulation in facilities as well as in training, education, and research, Denmark’s expenditure on public investment is now low. The composition of Denmark’s expenditures is broadly in line with the high expenditure countries.