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International Monetary Fund - 1997

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that...

Persistent link: https://www.econbiz.de/10014402764

Weathering the Global Storm : The Benefits of Monetary Policy Reform in the La5 Countries

International Monetary Fund - 2010

This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …

Persistent link: https://www.econbiz.de/10014402930

Mexico : 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

International Monetary Fund - 2006

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

Mexico : 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mexic...

International Monetary Fund - 2005

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

Mexico : 2010 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion

International Monetary Fund - 2010

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

Fiscal Policy for Stable and Equitable Growth in Latin America

International Monetary Fund - 1989

The resumption of economic growth in Latin America is predicated on the successful restoration of fiscal discipline and stabilization. In restoring fiscal discipline, the mix of policy instruments should aim at maximizing efficiency in the use of domestic and foreign resources. Poverty...

Persistent link: https://www.econbiz.de/10014396021

Fiscal Policy and Economic Reconstruction in Latin America

International Monetary Fund - 1989

This paper surveys the fiscal landscape of Latin America. It analyzes external and domestic factors that over the years led to the deterioration of the fiscal accounts. It also discusses difficulties that are encountered in pursuing a sound fiscal policy under inflationary conditions. Issues...

Persistent link: https://www.econbiz.de/10014396055

From Stimulus to Consolidation : Revenue and Expenditure Policies in Advanced and Emerging Economies

International Monetary Fund - 2010

This review marks the 10th anniversary of the safeguards policy. Introduced in March 2000, the policy's main objective is to mitigate potential risks of misuse of resources, including Fund resources, and misreporting of monetary program data. The policy was last reviewed in 2005, when the...

Persistent link: https://www.econbiz.de/10014410475

Monetary Control Procedures and Financial Reform : Approaches, Issues, and Recent Experiences in Developing Countries

International Monetary Fund - 1989

Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform their financial systems in support of growth and adjustment. This is because reform...

Persistent link: https://www.econbiz.de/10014396083

PFM Design under Capacity Constraints : Planning Public Financial Management Reforms in Pacific Island Countries

International Monetary Fund - 2013

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