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Fiscal Monitor, April 2019

Curbing Corruption

The April 2019 edition of Fiscal Monitor is focused on two broad themes: fiscal policy in a fast-changing global economy and curbing corruption.

World Economic Outlook, April 2019

Growth Slowdown, Precarious Recovery

The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.

Front Matter

Front Matter »

Source: Africa on the Move : Unlocking the Potential of Small Middle-Income States

Series: Books

Author(s): Lamin Leigh , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781513588605

Keywords: Economic growth, Infrastructure, Macroprudential policies and financial stability, Economic development, Poverty eradication, environment, employment, bank, unemployment, labor

This book describes the reforms needed to move small middle-income countries in sub-Saharan Africa to advanced-economy status. The result of intense discussions with public officials in the countries covered, the b...

Africa Rising

Africa Rising »

Source: Africa Rising : Harnessing the Demographic Dividend

Volume/Issue: 2014/143

Series: IMF Working Papers

Author(s): Paulo Drummond , Vimal Thakoor , and Shu Yu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781498379878

Keywords: Demographic Dividend, Economic Growth, Sub-Saharan Africa, Panel Estimates, working age population, gdp per capita, demographic transition, growth rate, Models with Panel Data, Demographic Trends and Forecasts

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly ha...

Africa's Trade Revisted

Africa's Trade Revisted »

Source: Africa's Trade Revisted

Volume/Issue: 2001/33

Series: IMF Working Papers

Author(s): Natalia Tamirisa , and Arvind Subramanian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2001

ISBN: 9781451845181

Keywords: trade, gravity model, partner country, partner countries, preferential trading, bilateral trade, trade performance, Africa Trade, Econometric And Statistical Methods: - General, Economic Growth And Aggregate Productivity,

The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis. This paper refines and gen...

After the Boom–Commodity Prices and Economic Growth in Latin America and the Caribbean

After the Boom–Commodity Prices and Economic Growth in Latin America and the Caribbean »

Source: After the Boom-Commodity Prices and Economic Growth in Latin America and the Caribbean

Volume/Issue: 2014/154

Series: IMF Working Papers

Author(s): Bertrand Gruss

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 August 2014

ISBN: 9781498363518

Keywords: Global VAR (GVAR), commodity prices, output growth, Latin America, commodity exporters, exporters, commodity exports, Time-Series Models, Open Economy Macroeconomics, Economic Growth of Open Economies

After skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011-and most projections suggest they are not likely to resume the upward trend observed in the last decad...

Aid and Growth

Aid and Growth »

Source: Aid and Growth : What Does the Cross-Country Evidence Really Show?

Volume/Issue: 2005/127

Series: IMF Working Papers

Author(s): Raghuram Rajan , and Arvind Subramanian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861464

Keywords: Cross-Sectional and Panel data, equation, statistics, outliers, standard errors, Economic Growth and Aggregate Productivity: General,

We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after this correc...

Aid and the Dutch Disease in Low-Income Countries

Aid and the Dutch Disease in Low-Income Countries »

Source: Aid and the Dutch Disease in Low-Income Countries : Informed Diagnoses for Prudent Prognoses

Volume/Issue: 2004/49

Series: IMF Working Papers

Author(s): Mwanza Nkusu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846874

Keywords: Exchange Rate, and Poverty, dutch disease, real exchange rate, foreign exchange, exchange rates, Economic Growth of Open Economies, Welfare and Poverty: General, Economic Growth and Aggregate Productivity: General,

This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses f...

Aid Effectiveness

Aid Effectiveness »

Source: Aid Effectiveness : A Survey of the Recent Empirical Literature

Volume/Issue: 1998/1

Series: IMF Policy Discussion Papers

Author(s): Tsidi Tsikata

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451974850

Keywords: Development assistance, Economic growth, Foreign Aid, Growth, exchange rate, real exchange, real exchange rate, international monetary fund, public investment

The preponderance of evidence from the empirical literature on aid effectiveness suggests that development aid has not had a significant impact on growth in recipient countries. However, there is some evidence that...

Aid, Exports, and Growth

Aid, Exports, and Growth »

Source: Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis

Volume/Issue: 2013/73

Series: IMF Working Papers

Author(s): Joong Kang , Alessandro Prati , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2013

ISBN: 9781484320112

Keywords: Common factors, Panel VARs, Exchange rate overvaluation, exchange rate, real exchange rate, exchange rate policy, trade liberalization, Economic Growth of Open Economies, Macroeconomic Analyses of Economic Development,

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global ai...

Aid Volatility and Dutch Disease

Aid Volatility and Dutch Disease »

Source: Aid Volatility and Dutch Disease : Is There a Role for Macroeconomic Policies?

Volume/Issue: 2006/145

Series: IMF Working Papers

Author(s): Thierry Tressel , and Alessandro Prati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864052

Keywords: Aid effectiveness, real exchange rate, central bank, current account, money demand, Macroeconomic Analyses of Economic Development, Fiscal and Monetary Policy in Development, Economic Growth And Aggregate Productivity,

This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance...

Algeria: 2013 Article IV Consultation

Algeria: 2013 Article IV Consultation »

Source: Algeria : Staff Report for the 2013 Article IV Consultation

Volume/Issue: 2014/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2014

ISBN: 9781475566215

Keywords: Fiscal consolidation, Economic indicators, Debt sustainability analysis, Algeria, Economic growth, Article IV consultation reports, Press releases, Real effective exchange rates, Staff Reports, Monetary policy

This Informational Annex highlights that data provision in Algeria has some shortcomings, but is broadly adequate for surveillance. Data are published with a delay of less than one month. Key shortcomings in govern...