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International Monetary Fund. African Dept.

Introduction 1. On behalf of the authorities of São Tomé and Principe (STP), we thank the Executive Board, Management and Staff for their continued engagement and support to the country’s economic program. The authorities appreciate the quality discussions held in the context of the 2022 Article IV Consultation and the Fourth Review under the Extended Credit Facility (ECF) and broadly agree with staff’s assessment and policy advice. They also would like to express their deep appreciation to the Fund for appointing the first resident representative in more

International Monetary Fund. Asia and Pacific Dept
This 2017 Article IV Consultation highlights Nauru’s growth and a substantial improvement in government revenue in recent years thanks to processing of asylum seekers by the Australian Regional Processing Center (RPC), fishing license fees, and residual phosphate mining. In the near term, GDP growth is projected to be moderate at 4 percent in fiscal year 2017 (ending June 30) mainly due to a slowdown in phosphate exports and limited expansion of the RPC. The medium-term outlook is vulnerable to scaling down of the RPC following the expected transfer of refugees to other countries, which will produce a substantial decline in RPC revenue.
International Monetary Fund
This report reviews developments in Benin during 2003 in the context of the Sixth and Final Review Under the Poverty Reduction and Growth Facility (PRGF) arrangement. The report sets forth the policies and measures the government intends to implement during 2004 in the context of its poverty reduction strategy. It assesses the country’s economic and financial progress since 2000, when the current arrangement was approved by the IMF. The report highlights that Benin’s macroeconomic performance was broadly in line with the program objectives in 2003.
International Monetary Fund

Statement by Hi-Su Lee, Executive Director for Mongolia and Ji-sung Moon, Advisor to the Executive Director September 21, 2009 Introduction 1. The Mongolian authorities wish to express their utmost appreciation to the Fund and staff for their cooperation. The global crisis has had a worse-than-expected impact on economic growth. However, considering the successful achievements in the face of the global crisis, such as the stabilized market conditions, increased international reserves, and lowered inflation rate, we must mention that Mongolia has