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How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924
The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal...
Persistent link: https://www.econbiz.de/10005590939
mobilization and reduce nonpriority expenditures are required. Executive Directors commend the steps taken by the authorities to …
Persistent link: https://www.econbiz.de/10005590989
This paper describes economic developments in St. Vincent and the Grenadines during the 1990s. Between 1990 and 1995, real GDP growth (at factor costs) averaged 4 percent per year, but varied widely from year to year, largely reflecting developments in the banana industry, St. Vincent’s...
Persistent link: https://www.econbiz.de/10005591016
This paper discusses Mozambique’s Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Modification of Performance Criteria. Performance under the program has been broadly satisfactory so far in 2005. All quantitative and...
Persistent link: https://www.econbiz.de/10005591017
Performance under the program has been satisfactory. Real GDP growth is higher than estimated owing to substantially higher than projected agricultural production. Burkina Faso continues to depend heavily on external assistance and on cotton exports, and is highly vulnerable to terms-of-trade...
Persistent link: https://www.econbiz.de/10005591084
In the aftermath of adverse supply shocks, and with further measures to promote investment, growth of production and exports is expected to recover. Efforts to remove barriers to investment and ensure a reliable provision of electricity are critical to private-sector-led growth. External...
Persistent link: https://www.econbiz.de/10005591092
Tanzania showed strong economic growth owing to its sound macroeconomic policies and structural reforms, under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended this step, and emphasized for higher revenue mobilization through reforms of tax...
Persistent link: https://www.econbiz.de/10005591148
The staff report for the Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Georgia focuses on economic developments and policies. The fiscal situation deteriorated sharply in 2003, especially because of a weakening in expenditure management and in tax...
Persistent link: https://www.econbiz.de/10005591176
Following satisfactory economic and financial performance under the Poverty Reduction and Growth Facility-supported program, performance was mixed. Benin should pursue a prudent debt-management policy with the support of the newly created debt committee. Implementation of the structural reform...
Persistent link: https://www.econbiz.de/10005591224