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"Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...
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"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10011394101
The distribution of consumption in Moldova implies that changes in workers' remittances, migration, and energy prices … could influence consumption and poverty rates in some unexpected and even counter-intuitive ways. Relatively well-off groups … proportion to their consumption. The consumption of relatively wealthy groups is linked directly to price of natural gas, while …
Persistent link: https://www.econbiz.de/10012550872
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Ghana's development path, although registering past successes, faces a series of current and future challenges. Ghana succeeded inhalving its poverty rate between 1991 and 2016, from 87 percent (US$3.65 per day in 2017 purchasing power parity [PPP]) to about 50 percent of the population,...
Persistent link: https://www.econbiz.de/10015372308
Eswatini's fundamental policy challenge is to address the longstanding factors that have constrained growth and hindered broad-based improvements in living standards. Given the state's significant role in the economy, the build-up of macro imbalances, and slow improvements in social indicators,...
Persistent link: https://www.econbiz.de/10015372312
How can Zimbabwe create the necessary fiscal space to absorb quasi-fiscal expenditures, reverse its upward trend in public debt, and support macroeconomic stability? Zimbabwe is faced with an unsustainable and growing stock of public debt. To service this debt, the Reserve Bank of Zimbabwe (RBZ)...
Persistent link: https://www.econbiz.de/10015372421
The report presents an analysis of the adoption and implementation of accrual accounting in the public sector to explore its role in providing information on fiscal sustainability, informing economic analysis, and supporting policy decision-making. The analysis examines the benefits and...
Persistent link: https://www.econbiz.de/10015372435