The new generation Poverty Reduction Strategy Paper (PRSP) describes the policies and programs that the country intends to implement at the macroeconomic, structural, and social levels. In this study, the new generation PRSP was prepared. The low level of poverty reduction is owed to poor...

This 2009 Article IV Consultation highlights that inflation in Kiribati increased to about 19 percent by end-2008, largely reflecting higher food prices. The current account deficit was broadly unchanged in 2008. Structural reforms are under way, although the pace has been limited by capacity...

The Haitian authorities have launched a series of actions with the aim of executing the reforms, for which quantitative and qualitative performance criteria have been set and point to the achievement of noteworthy progress. The progress report on Haiti’s Poverty Reduction Strategy Paper...

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and...

Mauritania achieved substantial progress owing to its macroeconomic policies, budget formulation, governance, and transparency under the economic program. Executive Directors commended the program and emphasized the need for tight fiscal and monetary policies. Directors noted the implementation...

Using real-time data from Europe's Stability and Convergence Programs, we explore how fiscal plans and their implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned adjustment and this shortfall increases with the...