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The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued...
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Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small...
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This paper presents a study that focuses on specific adjustment programs for limited periods and is aimed largely at analyzing the short-run implications of the policy measures. The longer run implications are also discussed whenever relevant, since much of the rationale for policies and many of...
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The Global Monitoring Report 2014/2015: Ending Poverty and Sharing Prosperity was written jointly by the World Bank … Development. This year's report details, for the first time, progress toward the WBG's twin goals of ending extreme poverty by …
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The Poverty Reduction and Growth Facility (PRGF) is used by the IMF to provide support for countries' implementation of … their poverty reduction and growth strategies. A key requirement in the design of PRGF programs is understanding the effects … effects. Poverty and social impact analysis (PSIA) is a critical instrument for pursuing this goal. The IMF has therefore …
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