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The Investment-Financing-Growth Nexus: The Case of Liberia
Clark, Will; Rosales, Manuel - International Monetary Fund (IMF) - 2013
Liberia is facing large infrastructure gaps and developmental needs that constrain the country’s growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10010790418
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Budget Support Versus Project Aid
Cordella, Tito; Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2003
Should donors who are interested in the effectiveness of developmental programs rely on conditional budget support or on project aid? To answer this question, we present a model in which only a subset of the developmental expenditures can be subject to conditionality. We show that budget support...
Persistent link: https://www.econbiz.de/10005599342
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The Role of Fiscal Transparency in Sustaining Stability and Growth in Latin America
Parry, Taryn - International Monetary Fund (IMF) - 2007
Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will...
Persistent link: https://www.econbiz.de/10005826063
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Recent Improvements to the Government Finance Statistics Yearbook Database in Response to Analytical Needs
Seiferling, Mike - International Monetary Fund (IMF) - 2013
The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in...
Persistent link: https://www.econbiz.de/10011142010
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Another Look at Governments’ Balance Sheets; The Role of Nonfinancial Assets
Bova, Elva; Dippelsman, Robert; Rideout, Kara C; … - International Monetary Fund (IMF) - 2013
When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this paper looks at the size, composition, and management of state-owned nonfinancial assets...
Persistent link: https://www.econbiz.de/10011242186
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Fiscal Decentralization and the Efficiency of Public Service Delivery
Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
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Too Small to Fail? Subnational Spending Pressures in Europe
Eyraud, Luc; Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2013
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal … following questions: (1) does the form of spending decentralization affect the general government fiscal balance?; (2) is there … results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation …
Persistent link: https://www.econbiz.de/10010790279
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - International Monetary Fund (IMF) - 2012
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
Persistent link: https://www.econbiz.de/10010790291
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Should Advanced Countries Adopt a Fiscal Responsibility Law?
Lienert, Ian - International Monetary Fund (IMF) - 2010
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and...
Persistent link: https://www.econbiz.de/10008727812
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The Challenge of Reforming Budgetary Institutions in Developing Countries
Allen, Richard - International Monetary Fund (IMF) - 2009
The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass North's prediction?which is supported by available data?that institutional reform is...
Persistent link: https://www.econbiz.de/10004999954