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Development policies --- Development policies --- partnerships --- partnerships --- Sustainability --- Sustainability --- evaluation. --- evaluation --- International cooperation --- International cooperation --- socioeconomic development --- socioeconomic development --- Teaching --- Teaching --- public health --- public health --- Public debt --- Public debt --- Africa --- Africa --- Asia --- Asia --- Latin America --- Latin America --- Middle East --- Middle East
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Debt --- Finance, Public --- Dettes --- Finances publiques --- Tuscany (Italy) --- Toscane (Italie) --- Economic conditions --- Conditions économiques --- Debts, Public --- -Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Deficit financing --- History --- -Debts, Public --- -History --- -Debt --- Conditions économiques --- Debts, Government
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The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is the benchmark against which solvency is determined, tests of sustainability (including sustainability indicators), and sustainability and uncertainty. The paper then looks at the way in which fiscal sustainability has been assessed in different types of IMF work. Finally the link between fiscal and external sustainability is discussed.
Exports and Imports --- Macroeconomics --- Public Finance --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- National Budget, Deficit, and Debt: General --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Public finance & taxation --- International economics --- Fiscal sustainability --- Fiscal policy --- Public debt --- Fiscal stance --- External debt --- Debts, Public --- Debts, External --- United States
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Countries where social and political institutions stimulate interpersonal trust, civic cooperation, and social cohesiveness tend to have more efficient governments, better governance systems, and faster growth. This paper provides cross-country evidence, based on a sample of developing and developed countries, that fiscal decentralization—the assignment of expenditure functions and revenue sources to lower levels of government—can boost social capital and therefore be integrated into second-generation reforms.
Macroeconomics --- Public Finance --- State and Local Borrowing --- Intergovernmental Relations --- Federalism --- Secession --- Fiscal Policy --- National Government Expenditures and Related Policies: General --- Taxation, Subsidies, and Revenue: General --- Debt --- Debt Management --- Sovereign Debt --- Public finance & taxation --- Fiscal federalism --- Expenditure --- Macro-fiscal analysis --- Revenue administration --- Public debt --- Fiscal policy --- Expenditures, Public --- Revenue --- Debts, Public --- United States
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In the past decades, much work has been geared toward solving the problem of time inconsistency in monetary policy and analyzing the coordination problem between fiscal and monetary policy. This paper provides a review of the theoretical background to these theories, while also focusing on their inherent problems. It concludes that while the literature makes a strong case for central bank independence, more work should be done in the area of determining the desirable degree of independence with a view to the interplay between fiscal and monetary policy.
Banks and Banking --- Inflation --- Money and Monetary Policy --- Public Finance --- Price Level --- Deflation --- Monetary Policy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: General --- Macroeconomics --- Monetary economics --- Banking --- Public finance & taxation --- Inflation targeting --- Fiscal policy --- Public debt --- Prices --- Monetary policy --- Expenditure --- Banks and banking --- Debts, Public --- Expenditures, Public --- New Zealand
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The statistical data on gross domestic product, consumer price index, financial operations of the central government, central government revenue and expenditure, monetary survey, summary accounts of the central bank, summary accounts of deposit money banks, sectoral distribution of credit, quarterly distribution of credit by sector and maturity, and structure of interest rates of Guinea are presented in this paper. The data on balance of payments, composition of merchandise exports, direction of trade, external public debt, and related economic indices are also presented.
Banks and Banking --- Exports and Imports --- Public Finance --- Trade: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: General --- International economics --- Banking --- Public finance & taxation --- Exports --- Imports --- External debt --- Public debt --- International trade --- Current spending --- Expenditure --- Banks and banking --- Debts, External --- Debts, Public --- Expenditures, Public --- Guinea
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Cote d'lvoire adopted an IMF-supported program in early 1994 following the devaluation of the CFA franc. Under this program, progress was made in reducing financial imbalances, controlling inflation, liberalizing the economy, and establishing a sound basis for sustainable economic growth necessary to reduce poverty. The following statistical data are also presented: selected national accounts indicators, GDP by origin, deflators of sectoral output, price structure of oil and gas products, production and exports of lumbar, export prices and costs of cocoa and coffee, and producer prices in agriculture.
Investments: Commodities --- Exports and Imports --- Public Finance --- Taxation --- Agriculture: General --- National Government Expenditures and Related Policies: General --- Trade: General --- Debt --- Debt Management --- Sovereign Debt --- Trade Policy --- International Trade Organizations --- Investment & securities --- Public finance & taxation --- International economics --- Agricultural commodities --- Expenditure --- Exports --- Public debt --- Tariffs --- Commodities --- International trade --- Taxes --- Farm produce --- Expenditures, Public --- Debts, Public --- Tariff --- China, People's Republic of
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This Selected Issues and Statistical Appendix paper on Bosnia and Herzegovina provides background information for the 1999 Article IV Consultation with Bosnia and Herzegovina. The economy has been dominated by a small number of large state-owned enterprises. A central policy was settled during the preparation of the privatization framework under which the competence to privatize was assigned to the entities. Major tax policy reforms will be needed over the medium term to address the deficiencies of the present tax system, and to lay the foundation for long-term economic growth, driven mainly by private sector development.
Banks and Banking --- Labor --- Macroeconomics --- Public Finance --- Taxation --- Exports and Imports --- National Government Expenditures and Related Policies: General --- Social Security and Public Pensions --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Security and War --- Public finance & taxation --- Pensions --- Banking --- International economics --- Privatization --- Expenditure --- Pension spending --- Public debt --- Defense spending --- Expenditures, Public --- Fiscal policy --- Debts, Public --- Banks and banking --- Bosnia and Herzegovina
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In this study, the following statistical data are presented in detail: income, savings, and net financial balances, production of principal food crops, production of main cash commodities, capacity utilization in the industrial sector, petroleum product price structure, prices of major utilities, oil sector indicators, monetary survey, balance of payments, principal imports and exports, functional classification of government’s expenditure, forestry sector indicators, structure of interest rates, trade and exchange arrangements, government employment and average salaries by sector, economic classification of government expenditure, and so on.
Investments: Commodities --- Investments: Energy --- Exports and Imports --- Public Finance --- Agriculture: General --- National Government Expenditures and Related Policies: General --- Energy: General --- Trade: General --- Debt --- Debt Management --- Sovereign Debt --- Investment & securities --- Public finance & taxation --- International economics --- Agricultural commodities --- Expenditure --- Oil --- Exports --- Public debt --- Commodities --- International trade --- Farm produce --- Expenditures, Public --- Petroleum industry and trade --- Debts, Public --- Cameroon
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This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.
Financial Risk Management --- Macroeconomics --- Public Finance --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- Finance --- Fiscal consolidation --- Expenditure --- Public debt --- Fiscal stance --- Debt reduction --- Fiscal policy --- Expenditures, Public --- Debts, Public --- Debts, External --- Italy
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