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CHAPTER 1: Introduction

CHAPTER 1: Introduction »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

Fiscal outturns often differ substantially from budget or other fiscal projections, owing to shocks such as deviations of economic growth from expectations, terms of trade shocks, natural disast...

Chapter 1 Introduction: Origin and Objectives of the PRSP and the PRGF and Scope of the Evaluation

Chapter 1 Introduction: Origin and Objectives of the PRSP and the PRGF and Scope of the Evaluation »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The IMF and the World Bank introduced the Poverty Reduction Strategy Paper (PRSP) approach in 1999 to strengthen their approach to providing assistance to low-income countries, including both new financial a...

Chapter 6 Is the New Approach Making a Difference?

Chapter 6 Is the New Approach Making a Difference? »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages The most significant improvements in domestic policy processes include a better diagnosis of the nature of poverty and greater inclusion of various group...

Chapter 3 Joint Staff Assessments

Chapter 3 Joint Staff Assessments »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages On balance, Joint Staff Assessments (JSAs) do not perform adequately the many tasks expected of them. JSAs generally cover mo...

Chapter 4 PRGF-Supported Program Design

Chapter 4 PRGF-Supported Program Design »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages In most PRGFs, key strategic priorities and policy choices in both macroeconomic and structural areas in program design are still not guided by the PRSP....

CHAPTER 2: Sources of Fiscal Risk

CHAPTER 2: Sources of Fiscal Risk »

Source: Fiscal Risks : Sources, Disclosure, and Management

Series: Departmental Papers / Policy Papers

Author(s): Lusine Lusinyan , Aliona Cebotari , Ricardo Velloso , Jeffrey Davis , Amine Mati , Murray Petrie , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2009

ISBN: 9781589067905

Keywords: Budgets, Debt sustainability, Government expenditures, Fiscal sustainability, Public debt, Risk management, fiscal risks, contingent liabilities, fiscal risk, fiscal transparency

Fiscal risks—deviations of fiscal outcomes from what was expected at the time of the budget or other forecast—arise from macroeconomic shocks and the realization of contingent liabilities. Sourc...

Chapter 5 The IMF’s Way of Doing Business

Chapter 5 The IMF’s Way of Doing Business »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages The 1999 policy papers launching the PRSP/PRGF called for far-reaching changes in the nature of the IMF’s involvement in low-income countries. These expe...

Choosing Among Proposals: The Making of Investment Decisions

Choosing Among Proposals: The Making of Investment Decisions »

Source: Finance & Development, June 1971

Volume/Issue: 8/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1971

ISBN: 9781616353032

Keywords: capital goods, expenditure, expenditures, investment expenditures, capital ? expenditures

This paper examines the difference between 'capital' and 'investment' for developing countries. The paper highlights that investment in material capital is merely one of the factors involved in economic development...

Collect More, Spend Better

Collect More, Spend Better »

Source: Collect More, Spend Better : Public Investment in Asian Frontier Markets

Volume/Issue: 2017/10

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Ricardo Marto , Jiri Jonas , and Kaitlyn Douglass

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2017

ISBN: 9781475570892

Keywords: Southeast Asia, Sri Lanka, Tax collection, Vietnam, Capital expenditure, Public investment, Fiscal policy, Emerging markets, Cambodia, Debt sustainability

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue col...

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Source: Africa : Adjustment to the Challenges of Globalization

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 1999

ISBN: 9781557758293

Keywords: banking, expenditure, trade liberalization, civil service, banking system

Vina-Seeburn Dabeesingh Many African countries have embarked on broad-based reforms to attract foreign investment, but investors are not responding. What is the problem? Harris Mule...