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Market nervousness concerning the fiscal positions of several European high-income countries poses a new challenge for the world economy. This arises as the recovery is transitioning toward a more mature phase during which the influence of rebound factors (such as fiscal stimulus) fades, and...
Persistent link: https://www.econbiz.de/10012557153
This report brings together three budget notes that assess Kenya's fiscal capacity to respond to global crisis and deliver shared growth without compromising macroeconomic stability. The report is organized into three notes. The key messages from this analysis point to areas where Kenya's fiscal...
Persistent link: https://www.econbiz.de/10012557546
Although the State of Ceara, in Brazil, is a model of good economic, and fiscal performance given its poverty status, recent analysis show poverty remains severe, in spite of significant reductions over the last decade. The combination of good governance, and sound fiscal management, industrial...
Persistent link: https://www.econbiz.de/10012558945
Ghana has experienced an extended period of robust growth since the early 2000s, supported by a favorable external environment and large investment inflows, particularly in the extractive industries. In 2011, as the start of oil production drove a surge in per capita income, Ghana graduated from...
Persistent link: https://www.econbiz.de/10012247460
This note assesses recent macroeconomic developments in Belarus and presents a medium-term economic outlook for 2013-2016 in three scenarios. These scenarios are sensitive to underlying assumptions and are provided to illustrate the main macroeconomic policy choices, available to Belarus. The...
Persistent link: https://www.econbiz.de/10012248394
"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10010522058
This Country Economic Memorandum (CEM), prepared in collaboration with the Turkish authorities, summarizes recent accomplishments in achieving high growth and analyzes remaining public policy challenges and options available to the authorities to meet these challenges. The country seeks to...
Persistent link: https://www.econbiz.de/10012553031
During the period FY01-08, the World Bank was Mozambique's largest development partner, providing over $1.3 billion in International Development Association (IDA) funds. The Bank's strategy, which was aligned with and sought to support the government's poverty reduction strategy, focused on...
Persistent link: https://www.econbiz.de/10012555582
Iran's economic performance in the last two decades has been very disappointing. This is highlighted by the fact that per capita GDP was 16 percent lower in 1998 than in 1979. However, the most important single reason for this poor performance was not any domestic economic policy, but the long...
Persistent link: https://www.econbiz.de/10012558651
Over the past decades, India has developed at a scale and pace that few would have thought possible. From 2000 to today …, in real terms, the economy has grown nearly four-fold, and GDP per capita has almost tripled. Because India grew faster …, and India has become the world's fifth-largest economy. This remarkable development story also includes a steep decline in …
Persistent link: https://www.econbiz.de/10015372411