The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not...

Liberia’s Interim Poverty Reduction Strategy (iPRS) sets out the emerging process and framework for recovery and reconstruction in the context of post-conflict Liberia. The iPRSP sets out the national socio-economic context, the preparatory process, dimensions of the emerging policy,...

This paper presents for Executive Board approval proposals for the FY 10-12 medium-term administrative budget, and the FY 10 capital budget in the context of the FY 10-12 capital plan. It also proposes to carry forward up to six percent of the unspent resources from the FY 09 administrative...