We survey quantitative fiscal conditionality in selected sub-Saharan African PRGF-supported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality...

Intro -- Contents -- I. INTRODUCTION -- II. SOME PRINCIPLES FOR ASSESSING THE DESIGN OF FISCAL CONDITIONALITY -- III. MACROECONOMIC THRESHOLDS AND PCS Inflation -- IV. OTHER ASPECTS OF QUANTITATIVE FISCAL CONDITIONALITY DESIGN -- V. CONCLUSIONS -- REFERENCES.

We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to...