Poverty Reduction Growth And Debt Sustainability In Low Income Cis Countries
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International Monetary Fund. European Dept.,International Monetary Fund. Middle East and Central Asia Dept.,European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. European Dept.,International Monetary Fund. Middle East and Central Asia Dept.,European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 45 pages File Size : 48,7 Mb Release : 2002-04-02 Category : Political Science ISBN : 9781498328869
Poverty Reduction, Growth and Debt Sustainability in Low-Income CIS Countries by International Monetary Fund. European Dept.,International Monetary Fund. Middle East and Central Asia Dept.,European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept Pdf
The Low-Income Countries of the Commonwealth of Independent States by Sarosh Sattar,Mr.Clinton R. Shiells Pdf
The CIS-7 Initiative was launched in 2002 and endorsed by ministers from the CIS-7 and donor countries, with the objective of promoting poverty reduction, economic growth, and debt sustainability among the seven poorest countries of the Commonwealth of Independent States (CIS). This volume draws from the follow-up conference held in Lucerne, Switzerland, in January 2003. The objective of this conference was to achieve an understanding of the development agenda in the seven countries and the key policy measures to be taken by the governments and donors to improve future prospects for the countries’ populations.
European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. Middle East and Central Asia Dept.
Author : European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 47 pages File Size : 45,5 Mb Release : 2004-04-24 Category : Political Science ISBN : 9781498330299
Recent Policies and Performance of the Low-Income CIS Countries--An Update of the CIS-7 Initiative by European Bank for Reconstruction and Development,World Bank,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. Middle East and Central Asia Dept. Pdf
The Impact of External Indebtednesson Poverty in Low-Income Countries by Mr.Boileau Loko,Raj Nallari,Mr.Kadima D. Kalonji,Mr.Montfort Mlachila Pdf
This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
Debt Sustainability in Low-Income Countries - Toward a Forward-Looking Strategy by International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf
Author : World Bank Publisher : International Monetary Fund Page : 58 pages File Size : 42,8 Mb Release : 2004-10-09 Category : Business & Economics ISBN : 9781498330084
Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications by World Bank Pdf
This paper seeks to address queries on several operational issues: (i) the robustness of the indicative thresholds; (ii) modalities for implementing DSAs; and (iii) operational implications for the Fund, Bank, and other international financial institutions and creditors.
Modification of Access Policies for the Poverty Reduction and Growth Facility and the Exogenous Shocks Facility by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept. Pdf
The paper proposes a doubling of access limits on concessional lending to ensure that the Fund can respond effectively to the needs of low-income countries (LICs) severely affected by the current world economic downturn. Pending adoption of broader reforms to the LIC facilities architecture, higher access limits under the Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility-High-Access Component (ESF-HAC) would give the Fund greater flexibility in assisting LICs, which have become more exposed to global volatility over time. A doubling of access limits would restore them to their 1998 levels in percent of GDP and would be consistent with the approach taken in determining new access limits for General Resources Account (GRA) resources. It would also be in line with the projected doubling of medium-term demand for concessional resources.
Preserving Debt Sustainability in Low-Income Countries in the Wake of the Global Crisis by International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Legal Dept. Pdf
We cannot allow the return of economic stability to signify a return to "business as usual" for the IMF. The crisis exposed huge cracks in the international financial architecture of which the Fund is a key part. We have an historic responsibility to fix them. I urge all of us to recommit to seeing our collective goals to the finish line before reform fatigue sets in.
Debt Relief and Beyond by Carlos Alberto Primo Braga,Dörte Dömeland Pdf
The book assesses the implications of debt relief for low-income countries after 12 years of the Heavily Indebted Poor Countries Initiative and discusses how the benefits from debt relief can be maintained.
Constraints to Growth and Job Creation in Low-income Commonwealth of Independent States Countries by Paolo Verme Pdf
"Despite sustained output growth since 1997, low-income Commonwealth of Independent States (CIS) countries (CIS-7) have not experienced growth in employment, a phenomenon observed elsewhere in transitional economies and labeled as "jobless growth." The author addresses the causes of this phenomenon in the CIS-7. He argues that the lack of job creation is explained by a combination of structural factors, including capital-intensive growth, large potential for productivity gains among existing workers, and compartmentalized economies best depicted by a dual labor market framework. Agriculture and industry have performed asymmetrically and grown apart during the recession and during the growth periods. Agriculture provides subsistence and refuge from urban poverty and unemployment but is unable to grow beyond subsistence because it is disconnected from industrial manufacturing and because the agricultural infrastructure is depleted and underinvested. Industry has progressively lost its manufacturing capacity, and focuses on capital-intensive, highly productive sectors, and provides good wages for the few highly skilled workers. With governments and the international community currently refraining from investing in agricultural and industrial policies focused on reviving manufacturing, jobless growth is likely to persist. "--World Bank web site.
Energy, Wealth and Governance in the Caucasus and Central Asia by Richard Auty,Indra de Soysa Pdf
Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed deployment of energy. Featuring contributions from prominent specialists on resource-driven economies, the book argues that unless CCA elites change the way in which they deploy natural resource, revenues regional development will fall short of its potential with possible disastrous consequences. The contributors apply the experience of the developing market economies to demonstrate that the region still holds considerable potential to become an important, stable supplier of raw materials and a source of industrial demand to the global economy. However, the CCA is equally likely to become a threat to the global economy as a consequence of the misuse of energy revenues to promote the interests of predatory political elites.
Author : International Monetary Fund Publisher : International Monetary Fund Page : 80 pages File Size : 52,8 Mb Release : 2003-11-07 Category : Business & Economics ISBN : 9781451814545
The econometric results show that it is feasible to estimate robust price and inflation equations for Georgia. The long-term price equation expresses prices as a function of money, the exchange rate, and real income and may be interpreted as portraying equilibrium in the goods market. The paper also represents statistical data of transportation indicators, population and employment, personal income tax, monetary survey, average monthly wages, developments in commercial banking, interest rates, prudential indicators of commercial banks, balance of payments, and so on.
Growth and Poverty Reduction in Armenia by Ms.Laure Redifer,Mr.Christian H. Beddies,Mr.Enrique Gelbard,Mr.Garbis Iradian,Mr.James McHugh Pdf
Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has outperformed other low-income countries including other members of the Commonwealth of Independent States. This is particularly impressive given the geographical location of Armenia, the closure of two critical borders, and occasional political turmoil. The key factors behind Armenia's economic performance are prudent monetary and fiscal policies, liberal trade and foreign exchange regimes, rapid and relaively well-sequenced structural reforms, and support from the Armenian diaspora. In addition, the implementation of a poverty reduction strategy since 2002 has complemented the effect of economic growth on reducing poverty. This book assesses the country's economic transformation during the last 10 years and discusses the challenges to sustaining these successes.
The Economic Prospects of the CIS by Gur Ofer,Richard W. T. Pomfret Pdf
This useful volume features surveys of 10 of the 12 members of the Commonwealth of Independent States (CIS), the successor organisation to the USSR. . . I heartily recommend this book for all economists interested in the economic transition of the CIS. Roy Gardner, Comparative Economic Studies The country studies (and the editors introduction) contain a wealth of statistical information that will be appreciated by many readers. . . Those interested in a broad overview will focus on the introduction and the conclusion, where the editors offer their synthesis of the ten country studies. This synthesis in itself is an important achievement that summarizes the wealth of country findings in a compact and easily readable format. Those who need more detail will greatly benefit from the in-depth treatment of the ten countries in the core chapters. The high level of scholarship of this volume ensures its usefulness, not only to academics and researchers specializing in transition, but also to development and comparative economists working on issues of economic growth. The specific country studies will be of value to economists assigned to the region by international organizations or to local economists interested to have a western perspective on developments in their countries. In summary, this is an important addition to the literature that summarizes the record of transition during the decade of the 1990s. Zvi Lerman, Slavic Review [This] book is to be commended for several reasons. First of all, it makes predominantly native research available to English speakers. Secondly, it has managed to provide separate chapters for as many as ten of the twelve members of the Commonwealth of Independent States and has not allowed its treatment of Russia to dominate the discussion. Thirdly, its approach to the theme of economic prospects is both country-oriented and comparative. And finally, it fulfills its remit in considering the future as well as the present. W.V. Wallace, Slavonic and East European Review Professors Gur Ofer and Richard Pomfret have created a volume in which timely and lucid combination of analyses, extensive information and clear-cut knowledge of what went wide of the mark during the 1990s in the Soviet bloc are all well presented. They offer economic and institutional analyses to help understand alternative routes to economic growth in the CIS. Bruno S. Sergi, Economics of Transition This first comprehensive application of the new growth accounting to systemic transition in ten ex-Soviet republics puts weak governance public and corporate and capital paucity as the key retardants to market-led dynamism today. The country-specific analyses, embedded in a rich description of resource, demographic and political environments, shows that these economies, as yet little touched by globalisation, need to build institutions qualitatively attractive to FDI and to technology transfer if their catch-up rate is to satisfy the aspirations of their still poverty-racked peoples. Michael Kaser, St Antony s College, Oxford, UK This book brings together ten original studies on the transition and growth experience and the foundations for long-term growth of the newly independent states created by the dissolution of the Soviet Union. Beginning with an overview of the common pre-1992 background and comparative information on the post-1992 performance of the Commonwealth of Independent States (CIS) countries, the authors continue by reviewing the Soviet background and post-independence experience. They then emphasise both the uniformity and diversity of the twelve CIS countries recent history. The problem of explaining economic growth in transition economies is also explored, and individual in-depth country studies are presented. The contributors to the book are a combination of in-country researchers with in-depth local knowledge and access to data, and international economists with technical expertise and experience of long-ter