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-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
In designing policy measures, including possible social safety nets, targeted to the poor, it is important to fully understand the efficiency implications of these measures. There is abundant macroeconomic literature on their negative effects on the poor’s work effort. The literature, however,...
Persistent link: https://www.econbiz.de/10014396380
The report provides the details of the assessment on Mongolia’s Poverty Reduction Strategy Paper. It describes the … Economic Growth and Poverty Reduction Strategy (EGPRS), which presents main policy directions of the government with a focus on … economic growth acceleration and poverty reduction efforts. It describes the transition period of Mongolia, demographic trends …
Persistent link: https://www.econbiz.de/10014406297
This Selected Issues paper for Cambodia explores the implications for long-term sustainable growth from cross-country analysis of the sources of growth. Cambodia’s low labor productivity, inadequate and expensive infrastructure, and a cumbersome regulatory environment do not bode well for...
Persistent link: https://www.econbiz.de/10014406467
On July 17, 2017, the Fund, as Trustee of the Poverty Reduction and Growth Trust (PRGT or Trust), entered into a new …
Persistent link: https://www.econbiz.de/10014408708
This paper reviews the interest rate structure that would apply to the PRGT in 2017-18. Based on the interest rate setting mechanism agreed in 2009, the interest rate for the Extended Credit Facility (ECF) would be zero and the rate for the Standby Credit Facility (SCF) would be 0.25 percent....
Persistent link: https://www.econbiz.de/10014408717
Persistent link: https://www.econbiz.de/10014409925
On April 18, 2011, the Fund, as Trustee of the Poverty Reduction and Growth Trust (PRGT), entered into a borrowing …
Persistent link: https://www.econbiz.de/10014410251
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...
Persistent link: https://www.econbiz.de/10014410327
In recent months, a number of Directors have expressed support in the Executive Board for a further extension of the temporary exceptional interest waiver on concessional lending. An extension would send a signal of the Fund's continued support for Low-Income Countries at a time when the global...
Persistent link: https://www.econbiz.de/10014410374