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Mining Taxation : An Application to Mali
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ISBN: 1462366848 1455220280 1283566028 9786613878472 1455281719 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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Mali’s gold sector is an enclave with weak forward and backward linkages with the rest of the economy. Given the predominance of the fiscal transmission channel, it is important that the design of the mineral tax regime gives the state a fair share of the benefits. Using optimal control theory, this paper estimates that the optimal royalty tax in Mali is about 3.5 percent. By reducing the royalty rate from 6 percent to 3 percent, Mali’s mining code broadly ensures that the risk is shared between the state and mining companies, provides sufficient incentives to attract new exploration, and is comparable to the fiscal regimes in other sub-Saharan African countries in its mix of tax instruments and tax structure.

Foodgrain price stabilization in developing countries: issues and experiences in Asia
Authors: ---
ISBN: 0896295028 Year: 1996 Publisher: Washington, D.C. International Food Policy Research Institute


Book
Poverty in a Wealthy Economy : The Case of Nigeria
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ISBN: 1462386245 1452799679 1282107348 1451899203 9786613800695 Year: 2002 Publisher: Washington, D.C. : International Monetary Fund,

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This paper describes the nature and evolution of poverty in Nigeria between 1985 and 1992. It highlights the potential wealth of the Nigerian economy and examines how the economic policies pursued in the 1980s and 1990s impacted economic growth and welfare. The headcount measure of poverty in Nigeria declined from 43 percent to 34 percent between 1985 and 1992. Decomposing the factors causing the reduction in poverty shows that the overall decline of 9 percentage point was the net result of a 14 percentage point decline owing to the growth factor and a 5 percentage point increase owing to the income distribution factor. The paper proposes that promoting broad-based growth and targeted interventions in health, education, and infrastructure need to be central strategies in the fight against poverty in Nigeria.


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Forestry Taxation in Africa : The Case of Liberia
Authors: --- ---
ISBN: 1462341756 1452748144 1283511282 9786613823731 1451907117 Year: 2005 Publisher: Washington, D.C. : International Monetary Fund,

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Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the best instrument to determine the price of extraction rights. However, a number of factors-including a lack of information on the forest resources under consideration, uncertainties as to the stability of property rights over time, and a lack of access to credit-have limited the use of auctions so far, particularly in low-income countries. To establish transparency of the forestry sector's financial flows, this paper discusses a radical simplification of Liberia's current timber tax structure, including a proposal to reduce the sector's current tax system to two instruments, an area tax and an export tax.


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The evolution of poverty and welfare in Nigeria (1985-92)
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Year: 1997 Publisher: Washington, D.C.

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Ghana's labor market, 1987-92
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Year: 1997 Publisher: Washington, DC : World Bank, Africa Technical Families, Human Development 3,

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Keywords

Labor market


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Inward and Outward Spillovers in the SACU Area
Authors: --- --- ---
ISBN: 1475573677 1475559151 1299265111 1475515545 9781475515541 Year: 2013 Publisher: Washington, D.C. : International Monetary Fund,

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Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a group. Nevertheless, vector autoregressions, which allow country-specific parameters, suggest some strong spillovers onto the smaller economies.


Book
Sovereign Debt Restructurings in Grenada : Causes, Processes, Outcomes, and Lessons Learned
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ISBN: 1484313224 1484313178 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada’s restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.


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The evolution of poverty and welfare in Nigeria (1985-92)
Authors: --- --- ---
Year: 1997 Publisher: Washington, DC : World Bank, Africa Technical Families, Human Development 3, and Institutional and Social Policy,

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Keywords

Poverty --- Statistics.


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National insurance scheme reforms in the Caribbean
Authors: --- --- --- --- --- et al.
ISBN: 1475545649 1475545436 9781475545432 9781475545647 1475545622 Year: 2016 Publisher: [Washington, D.C.]

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Weighed down by population aging, slow economic growth, and high unemployment, National Insurance Schemes in the Caribbean are projected to run substantial deficits and deplete their assets in the next decades, raising the prospects of government intervention. With the region highly indebted, this paper quantifies the impact of three parametric reforms—freezing pension benefits for two years, raising the retirement age and increasing the contribution rate by one percentage point—that, if implemented, would put the pension schemes on a stronger financial footing. While the appropriate combination of reforms necessary to eliminate the actuarial deficits varies depending on each country’s circumstances, most countries need to undertake reforms now or risk even higher taxes, lower growth and unsustainable debt dynamics.

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