This Selected Issues paper presents evidence on linkages between investment and growth observed in other countries to gauge the expected impact of increasing public investment in Timor-Leste. The results indicate that the level of capital expenditure envisioned in the government’s...

This report on the Observance of Standards and Codes on Fiscal Transparency on Costa Rica analyzes open budget preparation and assurances of integrity. A number of initiatives currently under way would further advance fiscal transparency. A clearer division of responsibilities for monetary and...

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) 2004 and 2005 Annual Progress Reports for Niger. Overall, progress in the implementation of the PRSP in 2004 and 2005 was broadly positive, given the challenges posed by a drought and locust plague in the...

This paper discusses the Republic of Congo’s enhanced Heavily Indebted Poor Countries (HIPC) initiative. If the Republic of Congo is to effectively use the resources generated by the oil windfall to reduce poverty and ensure sustainable and equitable growth, improved prioritization of...

This report provides an assessment of fiscal transparency practices in Greece in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The assessment reveals that Greece has made progress, in recent years, in meeting the requirements of the fiscal transparency...

This report provides an assessment of fiscal transparency practices in Guatemala in light of the requirements of the IMF Code of Good Practices on Fiscal Transparency. The assessment reveals that Guatemala has progressed in certain important aspects of fiscal transparency. A variety of measures...

This report focuses on IMF Technical Assistance Evaluation—Public Expenditure Management (PEM) Reform in Selected African Countries. Most of the countries examined were colonies of the United Kingdom, inheriting similar and relatively simple budget systems based on an interpretation of...

This report focuses on Observance of Standards and Codes on Fiscal Transparency for Turkey. Turkey has continued to make progress toward meeting the requirements of the fiscal transparency code, in particular through a substantial overhaul of the legal system. The adoption of the Public...

This report summarizes the Observance of Standards and Codes on Fiscal Transparency for the Former Yugoslav Republic of Macedonia. It provides an assessment of fiscal transparency practices in the Former Yugoslav Republic (FYR) of Macedonia in relation to the requirements of the IMF Code of Good...

Gabon partially complies with the principles of the Code of Good Practices on Fiscal Transparency and the Guide on Resource Revenue Transparency. Much remains to be done to ensure that government finances are managed transparently, in conformity with international best practices. Knowledge and...