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The macroeconomic effects of large food price swings can be broad and far-reaching, including the balance of payments of importers and exporters, budgets, inflation, and poverty. For market participants and policymakers, managing low frequency volatility—i.e., the component of volatility...
Persistent link: https://www.econbiz.de/10008560434
This report assesses the Annual Progress Report on the implementation of the Sustainable Development and Poverty Reduction Program (SDPRP), which is the Poverty Reduction Strategy Paper for Ethiopia. It reviews the fundamental development objectives of the SDPRP to build a free-market economic...
Persistent link: https://www.econbiz.de/10005591421
In most developing countries, poverty is more widespread and severe in rural than in urban areas. The author reviews some important aspects of rural poverty and draws key implications for public policy. He presents a policy framework for reducing poverty, taking into account the functional...
Persistent link: https://www.econbiz.de/10005605040
Global food aid is considered a critical consumption smoothing mechanism in many countries. However, its record of stabilizing consumption has been mixed. This paper examines the cyclical properties of food aid with respect to food availability in recipient countries, with a view to assessing...
Persistent link: https://www.econbiz.de/10005605154
We examine the effects that variations in the international food prices have on democracy and intra-state conflict using panel data for over 120 countries during the period 1970-2007. Our main finding is that in Low Income Countries increases in the international food prices lead to a...
Persistent link: https://www.econbiz.de/10008876604
Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European …
Persistent link: https://www.econbiz.de/10011244272
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Kenya. Kenya’s second …
Persistent link: https://www.econbiz.de/10011244468
KEY ISSUES Context: Kenya has embarked on major reforms in line with the 2010 constitution. The new government has …. Kenya placed its first US$2 billion Eurobond at favorable terms, with proceeds to be used to upgrade power generation and … fiscal resources. Kenya is actively participating in the integration of East Africa, showing progress in reducing delays from …
Persistent link: https://www.econbiz.de/10011244508
This paper discusses Kenya’s Sixth and Final Review Under the Three-Year Arrangement Under the Extended Credit Facility. Fiscal consolidation and the introduction of major reforms contributed to the program’s success despite emerging challenges. All end-June 2013 quantitative...
Persistent link: https://www.econbiz.de/10011245239
Persistent link: https://www.econbiz.de/10005826695