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Africa
			: Adjustment to the Challenges of Globalization

Africa : Adjustment to the Challenges of Globalization »

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 1999

DOI: http://dx.doi.org/10.5089/9781557758293.071

ISBN: 9781557758293

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

Sub-Saharan Africa needs much faster economic growth and more effective economic, financial, and social policies if it is to make up for lost ground and reduce the number of people living in abject poverty. Edited...

Back Matter

Back Matter »

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

Sub-Saharan Africa needs much faster economic growth and more effective economic, financial, and social policies if it is to make up for lost ground and reduce the number of people living in abject poverty. Edited...

Front Matter

Front Matter »

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

Sub-Saharan Africa needs much faster economic growth and more effective economic, financial, and social policies if it is to make up for lost ground and reduce the number of people living in abject poverty. Edited...

7 Better Public Sector Resource Management: Capacity Building and Good Governance

7 Better Public Sector Resource Management: Capacity Building and Good Governance »

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

Governments in Africa have embarked on a comprehensive program supported by the World Bank called Partnership for Capacity Building in Africa. Launched in October 1996, it is aimed at helping African countri...

The Challenge of Public Pension Reform in Advanced and Emerging Economies

The Challenge of Public Pension Reform in Advanced and Emerging Economies »

Series: Occasional Papers

Author(s): Benedict Clements , David Coady , Frank Eich , Sanjeev Gupta , Alvar Kangur , Baoping Shang , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2016

Language: Chinese

DOI: http://dx.doi.org/10.5089/9787504979971.084

ISBN: 9787504979971

Keywords: Pension reforms, Developed countries, Emerging markets, Pensions, Government expenditures, Cross country analysis, emerging market economies, retirement, pensions, pension spending

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population...

CHAPTER 5: Conclusions

CHAPTER 5: Conclusions »

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

Various types of shocks cause fiscal outcomes to deviate from budgets and expectations—often by large amounts. Evidence presented in this paper has shown that macroeconomic shocks and calls on contingent lia...

CHAPTER 3: Fiscal Risk Disclosure and Management: International Experience

CHAPTER 3: Fiscal Risk Disclosure and Management: International Experience »

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

This section analyzes the international experience with respect to fiscal risk disclosure and management. In the area of disclosure, the section reviews international standards and transparency...

CHAPTER 4: Fiscal Risk Disclosure and Management: Lessons

CHAPTER 4: Fiscal Risk Disclosure and Management: Lessons »

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

This section draws some broad lessons from the international experience, recognizing that approaches differ on some issues. It then presents a more detailed set of Guidelines for Fiscal Risk Dis...

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 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...