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The attached Joint Staff Assessment (JSA) of the Interim Poverty Reduction Strategy Paper (I-PRSP) Preparation Status Report for the Democratic Republic of the Congo reviews progress with respect to the implementation of the PRSP. The report appropriately points to the continuing progress in the implementation of the I-PRSP, especially the restoration of peace, the strengthening of governance, and the improvement in economic management for pro-poor growth. Progress in the production of monthly budget execution reports and in improving the government accounting framework is good, despite some delays.

Public Finance --- Social Services and Welfare --- Taxation, Subsidies, and Revenue: General --- Government Policy --- Provision and Effects of Welfare Program --- Public finance & taxation --- Social welfare & social services --- Institutional arrangements for revenue administration --- Poverty reduction strategy --- Revenue administration --- Poverty --- Revenue --- Congo, Democratic Republic of the

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In this paper, the implementation of the activities under the interim poverty reduction strategy and progress toward the elaboration of poverty reduction strategy are described. Institutional framework is strengthened by the creation of the inter-ministerial committee on the implementation of the National Strategy for Poverty Reduction. The goal is to identify priorities and strategies at the community level, and their capacity to operationalize sectoral and thematic poverty reduction strategies. The macroeconomic and financial situation has been stabilized. The poverty reduction strategy budget has been prepared on the basis of detailed cost estimates for each task.

Public Finance --- Social Services and Welfare --- Poverty and Homelessness --- Government Policy --- Provision and Effects of Welfare Program --- Welfare, Well-Being, and Poverty: General --- Health: General --- Taxation, Subsidies, and Revenue: General --- Social welfare & social services --- Poverty & precarity --- Health economics --- Public finance & taxation --- Poverty reduction strategy --- Poverty --- Health --- Institutional arrangements for revenue administration --- Revenue --- Congo, Democratic Republic of the

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This paper focuses on the Democratic Republic of the Congo’s (DRC) Interim Poverty Reduction Strategy Paper (I-PRSP) Preparation Status Report. DRC’s I-PRSP is based on three fundamental pillars, namely: peace and good governance, which are considered to be the essential condition for the strategy to succeed; stabilization and pro-poor growth; and support for grassroots initiatives. The involvement of the development partners, civil society, and the private sector has been strengthened, resulting in better participation. Nevertheless, the process has been delayed by the slowness of the provision of human and financial resources.

Budgeting --- Public Finance --- Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Health: General --- National Budget --- Budget Systems --- Taxation, Subsidies, and Revenue: General --- Social welfare & social services --- Health economics --- Budgeting & financial management --- Public finance & taxation --- Poverty reduction strategy --- Health --- Budget planning and preparation --- Institutional arrangements for revenue administration --- Poverty --- Public financial management (PFM) --- Budget --- Revenue --- Congo, Democratic Republic of the

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This paper presents the results of the second round of the Revenue Administration Fiscal Information Tool (RA-FIT) country survey in an aggregated manner for all respondents and by income group. Notwithstanding regional biases and some data quality issues with the sample, broad insights and trends are discernible from the data, and the results form part of an evolving series that will continue to develop and grow with the International Survey On Revenue Administration (ISORA), the successor survey to RA-FIT conducted by the IMF in collaboration with the Inter-American Center of Tax Administrations (CIAT), the Intra-European Organisation of Tax Administration (IOTA), and the Organisation for Economic Co-operation and Development (OECD). This paper expands on a previous one, which covered the first round of RA-FIT (Lemgruber and others 2015),1 and aims to allow countries to access information about key measures in revenue administration. Unlike the first paper, this one does not cover issues specific to customs administration but focuses rather on tax administration data.

Macroeconomics --- Public Finance --- Taxation --- Taxation, Subsidies, and Revenue: General --- Personal Income, Wealth, and Their Distributions --- Public finance & taxation --- Personal income --- Revenue administration --- Tax administration core functions --- Administration in revenue administration --- Revenue Administration Fiscal Information Tool (RA-FIT) --- National accounts --- Institutional arrangements for revenue administration --- Revenue --- Income --- Tax administration and procedure --- United States

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Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary policy. The model uncovers a trade-off between the speed of reserve accumulation and anti-inflationary credibility. Under reasonable assumptions, delegation of intervention and monetary policy decisions to separate government agencies allows faster reserve accumulation, while centralization of these decisions results in a more stable economy. The analysis underscores the importance of rather overlooked institutional features of policymaking in open economies.

Foreign exchange rates --- Bank reserves --- Monetary policy --- Econometric models. --- Reserves, Bank --- Security reserve requirements --- Reserves (Accounting) --- Banks and Banking --- Foreign Exchange --- Inflation --- Money and Monetary Policy --- Public Finance --- Monetary Policy --- Price Level --- Deflation --- Taxation, Subsidies, and Revenue: General --- Monetary economics --- Macroeconomics --- Banking --- Currency --- Foreign exchange --- Public finance & taxation --- Inflation targeting --- Reserves accumulation --- Foreign exchange intervention --- Institutional arrangements for revenue administration --- Prices --- Foreign exchange reserves --- Revenue