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Cameroonian monetary developments in the first half of 2007 continued to be driven by high oil prices while inflation declined. Fiscal performance in the first half of 2007 was broadly satisfactory, although concerns about investment execution remain. Performance under the Poverty Reduction and...
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This paper discusses key findings of the First Review Under the Policy Support Instrument (PSI) for Cape Verde. The PSI seeks to reduce macroeconomic risks, provides a margin of safety against exogenous shocks, and addresses the prospect of a longer-term decline in highly concessional external...
Persistent link: https://www.econbiz.de/10011245851
Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the...
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The relationship between public sector expenditure and economic growth for several decades past is still relevant today … and continues to be a topic of debate among policy-makers and researchers. We examine the impact of government expenditure … findings indicate that, government expenditure has a positive relationship with economic growth in the short-run. The results …
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