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International Monetary Fund

This Selected Issues paper for Botswana highlights the macroeconomic impact of an effectively implemented National Strategic Framework (NSF) program. The NSF is anchored on the goals of prevention, care, and support; management of the national response; economic impact mitigation; and provision of a strengthened legal and ethical environment. The treatment of the pandemic focuses on the administration of antiretroviral drugs to the infected, the effect of which would be to prolong their lifespan, as well as increase the average level of productivity.

International Monetary Fund. Office of Budget and Planning

The paper presents highlights from the FY 2022 budget, followed by a discussion of outputs based on the Fund Thematic Categories and of inputs.

International Monetary Fund

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF). Overall performance under the program has been strong. All but one of the quantitative performance criteria and indicative targets were met. Fiscal performance has been impressive, reflecting higher-than-projected revenues and strengthened expenditure control. However, two structural performance criteria were not observed. The medium-term macroeconomic framework underlying the program has been modified slightly. Maintaining fiscal discipline remains key to lowering domestic public debt and protecting poverty-reducing expenditures.

International Monetary Fund
Nigeria showed serious macroeconomic imbalances under the Stand-By Arrangement. Executive Directors observed that this had emerged as a result of the sharp increase in government spending, and expressed concern at the risks of a further acceleration of inflation and instability in the exchange market. They stressed the need to implement prudent fiscal and monetary policies for macroeconomic stability, and accelerate structural reforms. They called on Nigeria to show continued commitment toward a strong economic program that could be supported by the IMF.
International Monetary Fund
The Republic of Palau (Palau) has always been heavily dependent on external assistance. The availability of steady grants has allowed Palau to maintain a sizable public sector. A number of issues are considered in designing a comprehensive management strategy for the Compact Trust Fund (CTF). The following statistical data are also included in this paper: social indicators, financial position of compact trust fund, imports by product category, by country, or territory of origin, balance of payments, and so on.
International Monetary Fund
This paper focuses on the Staff-Monitored Program (SMP) for The Gambia. Understandings have been reached with the authorities on the SMP covering the period October 1, 2005 to March 31, 2006. Key objectives of the program include making progress toward fiscal sustainability, strengthening internal controls and the operational independence of the Central Bank of The Gambia, and enhancing public financial management and accountability. Successful implementation of the SMP should pave the way for reaching understandings on a possible new arrangement under the Poverty Reduction and Growth Facility (PRGF).
International Monetary Fund
This 2005 Article IV Consultation highlights that monetary development in the Republic of Equatorial Guinea continues to be dominated by fiscal policy. Fiscal outcome was marked by an increase in the fiscal surplus in 2004 compared with 2003 on account of a stronger-than-expected revenue performance owing to higher oil prices and increase in hydrocarbon production that was partly offset by a substantial increase in capital expenditure. Important progress has also been made with regard to transparency and accountability of oil-related revenues and public finance.