At the request of the Government of Liberia (GoL), the IMF Fiscal Affairs Department (FAD) led an external assessment of the central government’s public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology. The assessment was...

A new flexible, rapid and affordable risk assessment procedure was developed and verified for dams based on case studies in Scotland (UK) and the region of Baden (Germany). A database of six different sustainable flood retention basin (SFRB) types with varying flood control potential has been...

Disabled persons represents a cathegory of the social assistance’s beneficiaries who needs furher contribution on behalf of the society, moreover the granted support currently offered by the caregivers for the purpouse of faceing the daily social needs and for a decent existence. The special...

This report provides an assessment of fiscal transparency practices in El Salvador. Many of the code standards are followed by the country. In addition, fiscal data dissemination and monthly updating will be improved with the recent incorporation of the Finance Ministry’s Fiscal...

This Selected Issues paper examines Kenya’s growth performance during 1980–2004. It considers the stylized facts on Kenya’s growth performance in the past two decades, in comparison with other Sub-Saharan African countries. The paper examines main sources of economic growth...

All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to shocks. This view of the wage channel is deeply entrenched in central banks’ views and models of their economies. In this paper, we present a model with equilibrium...