This note analyzes the medium- and long-term prospects of the hydrocarbon sector as a source of growth. Substantial hydrocarbon and financial reserves implies a sizable upward shift in the sustainable expenditure path. Rather than suggesting a specific fiscal rule, four simple alternatives are...

The government of Nicaragua has worked toward adopting the necessary economic measures to put the country’s economy on the course of fiscal sustainability and those that guarantee transparent and austere management, not affecting the most vulnerable population. The government has managed...

This Poverty Reduction Strategy Paper for Nicaragua reports that the most pressing demand for the majority of Nicaraguans is employment generation and economic growth. The National Development Plan (NDP) gives priority to actions that improve the investment climate and promote productive...

The economic performance has been positive as tight macroeconomic policies prevailed, helped by a remarkable revenue mobilization effort. None of the key indicator targets were met. Fiscal performance improved, but there was an increase in the overall fiscal deficit. Monetary policy was also...

This paper discusses Bhutan’s Poverty Reduction Strategy Paper (PRSP). The Royal Government of Bhutan has initiated the PRSP process as part of broader ongoing efforts to combat poverty. The main objective of the PRSP process is to strengthen the strategic framework for poverty reduction,...

This paper reviews Bangladesh’s Interim Poverty Reduction Strategy Paper (I-PRSP). The paper addresses the question as to “what are the broad lessons from the past development experience.†It captures the salient features of social progress notwithstanding the challenging odds...

This Joint Staff Advisory Note discusses key priorities for strengthening Uganda’s Poverty Eradication Action Plan (PEAP) and for ensuring its effective implementation. PEAP 2004 describes the participatory process underpinning the development of the PEAP strategy, provides a poverty...

This paper on the Poverty Reduction Strategy Papers (PRSPs) on the Lao People’s Democratic Republic (PDR) explains macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. The...

This Annual Progress Report focuses on The Gambia’s Poverty Reduction Strategy Paper (PRSP). It provides information and analysis regarding the achievements and shortfalls experienced between July 2002 and December 2003 with respect to the poverty targets, priority public actions, and the...

This paper reviews Mozambique’s economic and social plan for 2003. It presents the actions that have been taken to improve the current planning instrument. The paper outlines the social and demographic profile of Mozambique and reviews the extent to which the current strategy for the...