With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze...

Overall, fiscal risks remain elevated, according to this issue, although there are signs that in some key respects they are less acute than six months ago. Past efforts with fiscal consolidation are beginning to bear fruit, particularly when buttressed by credible institutional commitments....

With growth weakening in many parts of the world and downside risks on the rise, fiscal consolidation remains challenging. However, considerable progress has been made in strengthening fiscal accounts following their sharp deterioration in 2008-09. This issue of the Fiscal Monitor takes stock of...

Continued progress in reducing advanced economy deficits and a gradually improving external environment have lowered short-term fiscal risks, according to this issue, but global prospects nevertheless remain subdued, and many advanced economies face a lengthy, difficult, and uncertain path to...

Chapter 1 of the report draws some early lessons from governments' fiscal responses to the pandemic and provides a roadmap for the recovery. Governments' measures to cushion the blow from the pandemic total a staggering USD 12 trillion globally. These lifelines and the worldwide recession have...

With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze...

PREFACE At the request of the Malian Ministry of Finance, a technical assistance mission visited Bamako during August 12–21, 2013. The purpose of the mission was to identify issues and options that need to be considered when adopting an automatic petroleum product pricing mechanism. The...

This Technical Assistance Report focuses on continued modernization of the Malian tax system and administration. The crisis that has afflicted Mali since 2012 has had an adverse economic impact, reflected in a 25 percent decline in government resources and negative growth of -1.2 percent....

This Technical Assistance Report discusses continued modernization of the Malian tax system and administration of natural resources. The Malian mining sector essentially consists of gold mining. The diversification policy is a failure at this point. The authorities' stated objective of...

EXECUTIVE SUMMARY One of the most important aspects of good fiscal management is the capacity of government to formulate and communicate fiscal policies. Fundamental to this is the production and publication of fiscal reports which are both timely and complete and written in an accessible...