Public Expenditure Reform Under Adjustment Lending

Author : Jeff Huther,Sandra Roberts,Anwar Shah
Publisher : World Bank Publications
Page : 66 pages
File Size : 48,7 Mb
Release : 1997
Category : Political Science
ISBN : 082134160X

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Public Expenditure Reform Under Adjustment Lending by Jeff Huther,Sandra Roberts,Anwar Shah Pdf

This paper argues that the World Bank should follow a systemic approach to developing guidance on public expenditure reform. Suggested approaches are to: determine an appropriate role for government and its various agents and specify their partnership with the civil society and the private sector; clarify the goals of reform and specify performance monitoring and evaluation indicators; target unproductive and inequitable expenditures from elimination; emphasize poverty alleviation; and promote equity and adopt general guidelines on policy environment goals for external assistance.

Author : Jayati Datta Mitra
Publisher : World Bank Publications
Page : 202 pages
File Size : 42,7 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821339656

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Fiscal Management in Adjustment Lending by Jayati Datta Mitra Pdf

This study analyzes the World Bank's experience with fiscal management in 250 adjustment operations in 86 countries. It examines the fiscal records in a sample of 26 countries grouped by region, portfolio characteristics, and economic traits. The study confirms that fiscal deficit reduction is associated with improved external balances and economic growth and that it takes sustained, long-term effort, and continual vigilance against reversals. Fiscal mismanagement, not exogenous shocks, was the principal cause of persistent budget deficits. The study offers the following recommendations for the Bank and its borrowers:1) Estimate the level of the sustainable deficit and provide guidelines for achieving it in Bank economic and sector work and adjustment lending. 2) Improve sequencing of tax reform. 3) Consider explicitly the role of the state and the appropriate mix of public/private provision of services in recommending public expenditure reform. 4) Include poverty alleviation and equity objectives in public expenditure reform. 5) Build adequate monitoring and performance indicators for both tax and expenditure reforms. 6) Enhance Bank-Fund coordination, in support of the Fund's lead role in giving fiscal advice, by strengthening the Bank's ability to analyze taxes and expenditures.

Author : Ajay Chhibber,Javad Khalilzadeh Shirazi
Publisher : World Bank Publications
Page : 73 pages
File Size : 49,9 Mb
Release : 1988
Category : Ajuste economico
ISBN : 8210379456XXX

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Public finance in adjustment programs by Ajay Chhibber,Javad Khalilzadeh Shirazi Pdf

Author : Barbara Nunberg
Publisher : World Bank Publications
Page : 52 pages
File Size : 51,9 Mb
Release : 1990
Category : Administrative agencies
ISBN : UCSD:31822004866968

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Public Sector Management Issues in Structural Adjustment Lending by Barbara Nunberg Pdf

Public sector management components of structural adjustment loans (SALs) progressed unevenly, and the outcomes varied with different political, administrative and economic conditions. Change was often incremental and sometimes unsustainable. Reforms linked to specific, actionable steps were more successfully implemented.

Author : John R. Nellis
Publisher : World Bank Publications
Page : 34 pages
File Size : 52,8 Mb
Release : 1989
Category : Corporations, Government
ISBN : 8210379456XXX

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public enterprise reform in adjustment lending by John R. Nellis Pdf

Specific divestiture dates and institutional public enterprise reform should probably not be a matter of hard conditionality for sectoral adjustment lending. One alternative is to establish institutional development projects that parallel adjustment operations. Another is to establish "primary conditions, " nonfulfillment of which would bring an operation to a halt, and "secondary conditions, " (including most institutional and public enterprise reforms), nonfulfillment of which would evoke sanctions but not end operations.

Author : Stanley Please
Publisher : Unknown
Page : 36 pages
File Size : 46,8 Mb
Release : 1989
Category : Business & Economics
ISBN : UTEXAS:059172132090029

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Sector Adjustment Lending and the Inter-American Development Bank by Stanley Please Pdf

Author : Vittorio Corbo,Stanley Fischer,Steven Benjamin Webb
Publisher : Unknown
Page : 208 pages
File Size : 53,6 Mb
Release : 1992
Category : Business & Economics
ISBN : STANFORD:36105008631520

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Adjustment Lending Revisited by Vittorio Corbo,Stanley Fischer,Steven Benjamin Webb Pdf

Author : Mr.Jack Diamond,Mr.Barry H. Potter
Publisher : International Monetary Fund
Page : 84 pages
File Size : 44,8 Mb
Release : 1999-07-01
Category : Business & Economics
ISBN : 1557757879

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Guidelines for Public Expenditure Management by Mr.Jack Diamond,Mr.Barry H. Potter Pdf

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.

Author : Vinod Thomas
Publisher : World Bank Publications
Page : 588 pages
File Size : 50,6 Mb
Release : 1991
Category : Business & Economics
ISBN : 0195208706

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Restructuring Economies in Distress by Vinod Thomas Pdf

In 1980 the World Bank began structural adjustment lending to its member governments to support broad economic, institutional, and policy reforms. To examine how well this form of lending has worked, this volume brings together leading practitioners and scholars from the World Bank and other financial institutions as well as from government and academia. Their assessments, based on theoretical and practical experience, contribute to the ongoing debate about how best to bring about macroeconomic stability. Case studies of nine countries under adjustment explore how well they complied with loan conditions and how their economies performed before, during, and after adjustment.

Author : Mr.James Daniel
Publisher : International Monetary Fund
Page : 80 pages
File Size : 50,5 Mb
Release : 2006-08-17
Category : Business & Economics
ISBN : 1589065131

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Fiscal Adjustment for Stability and Growth by Mr.James Daniel Pdf

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Author : John H. Johnson,Sulaiman S. Wasty
Publisher : World Bank Publications
Page : 36 pages
File Size : 42,9 Mb
Release : 1993-01-01
Category : Business & Economics
ISBN : 0821324705

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Borrower Ownership of Adjustment Programs and the Political Economy of Reform by John H. Johnson,Sulaiman S. Wasty Pdf

China has done much to reform its price system, achieve macroeconomic stability, and restore growth. Nevertheless, price distortions remain in three key areas. This study suggests further price reforms for the energy, grain, and transport sectors. It explains why energy price adjustments should have only a modest effect on consumer prices, but a highly positive effect on the economy. It discusses why China may have to reduce consumer subsidies to achieve the necessary reforms for grain prices. The study describes what the government must do to strengthen commodity markets, generate competition, and make allowances for seasonal price variations. China's transport sector has been a critical development bottleneck. The paper reviews tariff adjustments and other reforms that would modernize the transport system and help it meet growing demand. These reforms also would encourage energy conservation and help integrate the national economy.

Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 45,9 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695

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Expansionary Austerity New International Evidence by Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo Pdf

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Author : Ibrahim F.I. Shihata
Publisher : BRILL
Page : 969 pages
File Size : 42,5 Mb
Release : 2021-11-15
Category : Business & Economics
ISBN : 9789004502819

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The World Bank Legal Papers by Ibrahim F.I. Shihata Pdf

Author : Richard Allen,Salvatore Schiavo-Campo,Thomas Columkill Garrity
Publisher : World Bank Publications
Page : 166 pages
File Size : 54,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 0821355996

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Assessing and Reforming Public Financial Management by Richard Allen,Salvatore Schiavo-Campo,Thomas Columkill Garrity Pdf

This study compares the various instruments and approaches used by the World Bank, the European Commission, the International Monetary Fund, the Strategic Partnership for Africa and several bilateral donor agencies to assess and reform public expenditure management systems in developing and transitional countries. It identifies weaknesses in the current system and recommends a new medium-term, country-led, multidonor approach which is focused on better budgetary management supplemented by donor aid funds, as a key mechanism to reduce poverty and attain other policy goals.

Author : Frederick Z. Jaspersen,Karim Shariff
Publisher : World Bank Publications
Page : 46 pages
File Size : 45,7 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 8210379456XXX

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The Macroeconomic Underpinnings of Adjustment Lending by Frederick Z. Jaspersen,Karim Shariff Pdf