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Iceland; Technical Assistance Report on a New Organic Budget Law

International Monetary Fund (IMF); International … - 2012

This technical assistance report on Iceland focuses on a new organic budget law (OBL). In designing a new OBL, it is important to preserve good features of Icelandâ€™s current legal framework for budgeting. At the same time, any new OBL should address the key weaknesses in the Financial...

Persistent link: https://www.econbiz.de/10011244659

Indiaâ€™s Experience with Fiscal Rules; An Evaluation and the Way Forward

Simone, Alejandro; Topalova, Petia - International Monetary Fund (IMF) - 2009

policy on debt sustainability by the use of a medium term debt target, and annual nominal expenditure growth rules is … stabilizers. Numerical targets should be supported by structural reform measures for both revenues and expenditures, while the …

Persistent link: https://www.econbiz.de/10008528639

The Impact of the Global Crisison South-Eastern Europe

Spadafora, Francesco; Cocozza, Emidio; Colabella, Andrea - International Monetary Fund (IMF) - 2011

This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...

Persistent link: https://www.econbiz.de/10009401192

Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century

Heller, Peter S.; Hauner, David - International Monetary Fund (IMF) - 2005

A number of uncertainties about long-term expenditure commitments in industrial countries are examined: (i) the … assumptions underlying the projections, (ii) the potential to further reduce non-age-related expenditures, (iii) the implicitly … within narrow limits, to reduce non-age-related expenditures; (ii) fiscal policy frameworks tend to understate risks; and …

Persistent link: https://www.econbiz.de/10005605013

Greece; Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria

International Monetary Fund (IMF); International … - 2011

This study is carried out against a backdrop of deep divisions in Greece and in Europe over how to handle the challenges now confronting Greece. Greeceâ€™s deeper medium-term policy needs and identifying ways to replace the expected market financing are discussed. Structural reforms tackled...

Persistent link: https://www.econbiz.de/10011244444

The Baltics; Medium-Term Fiscal Issues Related to EU and NATO Accession

International Monetary Fund (IMF); International … - 2002

This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession. The paper supports the Baltic authoritiesâ€™ intention to aim at balancing their budgets over the economic cycle. The paper describes the Balticsâ€™ current fiscal...

Persistent link: https://www.econbiz.de/10005591162

Budget System Reform in Emerging Economies; The Challenges and the Reform Agenda

Diamond, Jack - International Monetary Fund (IMF) - 2006

With increasing frequency, the IMF has assisted middle-income countries, especially emerging economies, in adopting the types of budget reforms that have been introduced in many Organization for Economic Cooperation and Development (OECD) countries - reforms that emphasize performance and...

Persistent link: https://www.econbiz.de/10005767348

Republic of Moldova; Selected Issues Paper

International Monetary Fund (IMF); International … - 2010

The composition of short-term and medium-term adjustment measures will facilitate sufficient short-term adjustment flexibility, and be consistent with medium-term fiscal sustainability. Improving debt resolution instruments will help the banks to regain confidence in lending. Meanwhile, there is...

Persistent link: https://www.econbiz.de/10011245275

Fiscal Reforms in Low-Income Countries

Clements, Benedict J.; Ebrill, Liam P.; Gupta, Sanjeev; … - International Monetary Fund (IMF) - 1998

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

Fiscal Policies and Rules in the Face of Revenue Volatility within Southern Africa Customs Union Countries (SACU)

Basdevant, Olivier - International Monetary Fund (IMF) - 2012

Following the onset of the global economic crisis in 2008, SACU member countries have witnessed a significant growth slowdown, and a deterioration of their fiscal balances. This paper (i) assesses options for the design of the needed fiscal consolidation, and (ii) discussed medium-term fiscal...

Persistent link: https://www.econbiz.de/10010790301