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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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Owing to delay in publishing Poverty Reduction Strategy Process Paper (PRSP), the authorities drafted a preparation status report (PSR) on the first year of implementation of the interim poverty reduction strategy paper. The summary of strengthened institutional framework is also included in this study. The IMF staff agrees with the risks set forth in the PSR, which could delay the completion of the PRSP, particularly resurgence, insufficient understanding and internalization of the PRSP process, and delays in the provision of external financial and technical support.
Public Finance --- Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Taxation, Subsidies, and Revenue: General --- Social welfare & social services --- Public finance & taxation --- Poverty reduction strategy --- Institutional arrangements for revenue administration --- Poverty --- Revenue --- Congo, Democratic Republic of the
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This paper examines Sierra Leone’s Poverty Reduction Strategy Paper (PRSP) Preparation Status Report. The government of Sierra Leone submitted its last PRSP preparation status report to the Executive Boards of the IMF and the World Bank in June 2003. However, the projected completion date of December 2003 was missed owing to continuing administrative and technical difficulties as well as delays in accessing technical and financial assistance from key partners. A draft PRSP has been prepared and issued in August 2004 to all stakeholders for comments and suggestions.
Civics and Citizenship --- Social Services and Welfare --- Poverty and Homelessness --- Government Policy --- Provision and Effects of Welfare Program --- Welfare, Well-Being, and Poverty: General --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- Social welfare & social services --- Poverty & precarity --- Civil service & public sector --- Poverty --- Poverty reduction strategy --- Civil society --- Poverty reduction --- Poverty reduction and development --- Economic sectors --- Sierra Leone
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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 discusses the progress made on Côte d'Ivoire’s National Development Plan (PND) 2012–15. In the area of planning, the 2012–13 PND served to move planning to the forefront of public action. In addition, the National Bureau of Population has been set up to better address the problems of population and development. In the area of justice and human rights, the policy guidance paper has been prepared and is now being implemented. In the area of civil protection, the actions carried out have centered on strengthening the institutional and legal framework for preventing and managing risks and disasters and building up the operational capabilities of bodies in charge of civil protection.
Côte d''Ivoire -- Economic conditions. --- Côte d''Ivoire -- Economic policy. --- International Monetary Fund. --- Macroeconomics --- Public Finance --- Labor Economics: General --- Education: General --- Taxation, Subsidies, and Revenue: General --- Health: General --- Labour --- income economics --- Education --- Public finance & taxation --- Health economics --- Labor --- Institutional arrangements for revenue administration --- Health --- Organizational structure of revenue administration --- Revenue administration --- Labor economics --- Revenue --- Côte d'Ivoire
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Empirical tests of the New Keynesian Phillips Curve have provided results often inconsistent with microeconomic evidence. To overcome the pitfalls of standard estimations on aggregate data, a Full Information Partial Equilibrium approach is developed to exploit sectoral level data. A model featuring sectoral NKPCs subject to a rich set of shocks is constructed. Necessary and sufficient conditions on the structural parameters are provided to allow sectoral idiosyncratic components to be linearly extracted. Estimation biases are corrected using the model's restrictions on the partial equilibrium propagation of idiosyncratic shocks. An application to the US, Japan and the UK rejects the purely forward looking, labor cost-based NKPC.
Phillips curve. --- Inflation (Finance) --- Unemployment --- Mathematical models --- Effect of inflation on --- Inflation --- Macroeconomics --- Civics and Citizenship --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Price Level --- Deflation --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- Labor Economics: General --- Civil service & public sector --- Labour --- income economics --- Sticky prices --- Price adjustments --- Civil society --- Labor --- Prices --- Economic sectors --- Labor economics --- United States
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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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This paper highlights the importance of institutions in explaining the variation of investment rates and of two measures of bank deposits across countries. A general index of economic security is created for 130 countries. Its explanatory power is compared with measures of specific institutional arrangements. For investment as well as for bank deposits, specific institutional factors are shown to be highly significant and outperform the general index.
Banks and Banking --- Investments: General --- Money and Monetary Policy --- Public Finance --- Index Numbers and Aggregation --- leading indicators --- Information, Knowledge, and Uncertainty: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Economic Development: Financial Markets --- Saving and Capital Investment --- Corporate Finance and Governance --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- General Financial Markets: General (includes Measurement and Data) --- Taxation, Subsidies, and Revenue: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Investment & securities --- Macroeconomics --- Public finance & taxation --- Banking --- Monetary economics --- Securities --- Private investment --- Institutional arrangements for revenue administration --- Bank deposits --- Monetary base --- Financial institutions --- National accounts --- Revenue administration --- Financial services --- Money --- Financial instruments --- Saving and investment --- Revenue --- Banks and banking --- Money supply --- China, People's Republic of
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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
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