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As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial...
Persistent link: https://www.econbiz.de/10014408645
governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization/governance … the relationship between decentralization and governance depends on how subnational expenditures are financed. The higher … stronger the association between decentralization and governance …
Persistent link: https://www.econbiz.de/10014401240
empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries … for transition economies, the levels of decentralization are relatively stable over the time period. The findings are … factors identified in the literature as determining the extent of fiscal decentralization …
Persistent link: https://www.econbiz.de/10014399352
cohesiveness tend to have more efficient governments, better governance systems, and faster growth. This paper provides cross …-country evidence, based on a sample of developing and developed countries, that fiscal decentralization—the assignment of expenditure …
Persistent link: https://www.econbiz.de/10014399798
Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by … disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more … motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries …
Persistent link: https://www.econbiz.de/10014410401
Burkina Faso's sustained adjustment effort has been supported by the IMF under successive programs since 1991. Macroeconomic performance was favorable in 1999. Monetary policy is conducted at the regional level by the Central Bank for West African States and remained prudent. In 1999 and early...
Persistent link: https://www.econbiz.de/10014402616
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth …
Persistent link: https://www.econbiz.de/10014406495
Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive …
Persistent link: https://www.econbiz.de/10014406780
The government embarked on a reform program in early 1999 to revive the momentum and policy measures that had been interrupted in 1997 and 1998 owing to the regional financial crisis and internal political turmoil. Monetary and exchange rate policies in 1999 were also supportive of improved...
Persistent link: https://www.econbiz.de/10014406799
This paper assesses the Russian Federation’s 2001 Article IV Consultation and Post-Program Monitoring Discussions. Improved economic performance and reduced external vulnerability were reflected in a strengthening of financial market indicators in 2001. The Russian stock market doubled in U.S....
Persistent link: https://www.econbiz.de/10014407149