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This paper reviews the annual progress report on Poverty Reduction Strategy Paper (PRSP) for Republic of Congo. The adoption of the PRSP in March 2008 was followed by adoption of the Operational Action Plan for implementation of the PRSP. The poverty reduction strategy is being implemented in an...
Persistent link: https://www.econbiz.de/10014406627
Mexico’s two main economic policy challenges are to fully entrench stability and to remove remaining obstacles to … economic growth, necessary to end poverty. The floating exchange rate policy continues to serve Mexico well. An essential part … of Mexico’s stability is the resilience of the financial system. The oil sector poses a policy dilemma, exacerbated by …
Persistent link: https://www.econbiz.de/10014405364
This 2005 Article IV Consultation highlights that the economic recovery in Mexico that began in mid-2003 has continued …
Persistent link: https://www.econbiz.de/10014405428
The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of financial conditions to fiscal policy. The core of the argument...
Persistent link: https://www.econbiz.de/10014396354
Persistent link: https://www.econbiz.de/10003589293
This note is intended to inform Public Financial Management (PFM) reform in small Pacific Island Countries (PICs). PFM systems in PIC contexts are often very different from the sophisticated and comprehensive systems operating in larger, wealthier countries. The authors give two key messages....
Persistent link: https://www.econbiz.de/10012560346
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules...
Persistent link: https://www.econbiz.de/10014410177
This paper provides an update on staff's work on a new Fiscal Transparency Code (FTC) and experiences with the initial pilot Fiscal Transparency Evaluations (FTE), the ground work for which was laid in a 2012 paper 'Fiscal Transparency, Accountability, and Risk.' Both are part of ongoing efforts...
Persistent link: https://www.econbiz.de/10014410527
Chapter 1 argues that fiscal policy should remain nimble and strengthen its medium-term frameworks, as countries face highly uncertain and differentiated prospects. Vaccination has saved lives and is helping fuel a nascent recovery, but risks are elevated amidst new virus variants, high debt,...
Persistent link: https://www.econbiz.de/10015060635
-crisis spending and expected consolidation beyond the withdrawal of crisis-related stimulus in Brazil, Mexico, and Turkey, supported …
Persistent link: https://www.econbiz.de/10014400997