Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial repression while maintaining macroeconomic stability...

Intro -- CONTENTS -- Cover -- Title -- Abstract -- Acknowledgments -- Abbreviations and Acronyms -- I. Executive Summary -- II. Peru's Fiscal Challenges and Vulnerabilities -- III. Reorienting the Budget Toward Pro-Poor Expenditure -- IV. Improving the Efficiency of Public Expenditure -- V....