One of the priority areas of the Legislative-Executive Development Advisory Council (LEDAC) and the Duterte administration is to implement a rightsizing of the bureaucracy through House Bill No. 5707 (HB 5707), and Senate Bill No. 1395 (SB 1395). This reform aims to create a leaner, efficient...

One of the priority areas of the Legislative-Executive Development Advisory Council (LEDAC) and the Duterte administration is to implement a rightsizing of the bureaucracy through House Bill No. 5707 (HB 5707), and Senate Bill No. 1395 (SB 1395). This reform aims to create a leaner, efficient...

This Technical Assistance Report outlines that despite the lack of a suitable legal and regulatory framework, Côte d’Ivoire has made significant progress in its preparations for implementing the new budgeting tools required in the West African Economic and Monetary Union Harmonized Public...

The IMF has advised country authorities to roll back tax expenditures as a way to support fiscal consolidation efforts—urging them to evaluate tax expenditures according to clear criteria, and assessing their impact on public finances, economic efficiency, equity, and administrative and...

The multipliers of taxes, and government consumption and investment expenditure for the Eastern Caribbean Currency Union (ECCU) are estimated using vector autoregression models with panel data. The impact and long-run multipliers are below unity, suggesting that a great extent of the intended...

This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country’s understanding of the scale of the fiscal adjustment challenge, its...

The Executive Board of the IMF has completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for the country. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion,...