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Chapter 2: Fiscal Targeting in IMF-Supported Programs: Cross-Country Analysis

Chapter 2: Fiscal Targeting in IMF-Supported Programs: Cross-Country Analysis »

Source: Fiscal Adjustment in IMF-Supported Programs

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2003

ISBN: 9781589062740

Keywords: fiscal adjustment, expenditure, expenditures, fiscal policy, public expenditure

Acommon criticism of fiscal adjustment in an IMF-supported program is that it is derived from a “one-size-fits-all” approach, which places too much emphasis on fiscal adjustment (i.e., a reducti...

Chapter 4. Follow-Up on IEO Evaluations

Chapter 4. Follow-Up on IEO Evaluations »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

An approach to follow-up on IEO evaluations was established in the IMF following the first external evaluation of the IEO in 2006. Under this framework, after the Executive Board discusses an IEO evaluation...

Chapter I: Introduction

Chapter I: Introduction »

Source: Restoring Sustainability in a Changing Global Environment : Options for Swaziland

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , and Borislava Mircheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

ISBN: 9781475589412

Keywords: Banking sector, Currency pegs, Debt sustainability analysis, External shocks, Reserves, Private sector, South Africa, Spillovers, Fiscal risk, Fiscal policy

The Kingdom of Swaziland (hereinafter “Swaziland”) is a small, open economy bordering Mozambique and South Africa with a population of 1.1 million people. It is a landlocked country with an economy heavily d...

Chapter 2. IEO Outputs in FY2013

Chapter 2. IEO Outputs in FY2013 »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

During FY2013, the IEO issued reports on its evaluations of International Reserves: IMF Concerns and Country Perspectives, in December 2012, and The Role of the IMF as Trusted Advisor, in February 2013. In a...

Chapter II: Swaziland’s Interconnection with the Global Economy

Chapter II: Swaziland’s Interconnection with the Global Economy »

Source: Restoring Sustainability in a Changing Global Environment : Options for Swaziland

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , and Borislava Mircheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

ISBN: 9781475589412

Keywords: Banking sector, Currency pegs, Debt sustainability analysis, External shocks, Reserves, Private sector, South Africa, Spillovers, Fiscal risk, Fiscal policy

Swaziland is highly interconnected with South Africa and with the global economy. As the global economy faces higher risks of adverse shocks, Swaziland may be affected by spillover effects. These shocks woul...

Chapter III: Swaziland’s External Vulnerabilities: The Fiscal Origin

Chapter III: Swaziland’s External Vulnerabilities: The Fiscal Origin »

Source: Restoring Sustainability in a Changing Global Environment : Options for Swaziland

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , and Borislava Mircheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2013

ISBN: 9781475589412

Keywords: Banking sector, Currency pegs, Debt sustainability analysis, External shocks, Reserves, Private sector, South Africa, Spillovers, Fiscal risk, Fiscal policy

A. Swaziland’s Fiscal Position Remains Vulnerable and Inadequate to Reduce Poverty The fiscal position has improved owing to the windfall transfer from SACU for fiscal year 2012/13 (...

Chapter 1: Introduction

Chapter 1: Introduction »

Source: Fiscal Adjustment in IMF-Supported Programs

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2003

ISBN: 9781589062740

Keywords: fiscal adjustment, expenditure, expenditures, fiscal policy, public expenditure

Fiscal policy is central to macroeconomic management and is, therefore, the subject of considerable attention in the course of Article IV surveillance and in the design of IMF-supported programs...

Chapter 1 Introduction

Chapter 1 Introduction »

Source: IEO Report on the Evaluation of IMF Support to Jordan

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2006

ISBN: 9781589064959

Keywords: current account, public debt, fiscal adjustment, external debt, current account balance

After 15 years of almost continuous involvement in IMF-supported programs (see Table 1.1, and Annex 1), Jordan “graduated” from reliance on such programs in July 2004. This evaluation assesses how well IMF s...

CHAPTER 1 Introduction

CHAPTER 1 Introduction »

Source: In the Wake of the Global Economic Crisis : Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland

Series: Departmental Papers / Policy Papers

Author(s): Thomson Fontaine , Dalmacio Benicio , Joannes Mongardini , Genevieve Verdier , and Gonzalo Pastor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781462343492

Keywords: expenditure, fiscal adjustment, spending cuts, government spending, tax increases

After one hundred years of existence, the Southern African Customs Union (SACU) is facing one of its biggest challenges. Since 2009, the global economic crisis has significantly reduced its revenue outlook,...

Chapter 5 Issues Related to IMF Internal Processes and Policies

Chapter 5 Issues Related to IMF Internal Processes and Policies »

Source: IEO Report on the Evaluation of IMF Support to Jordan

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2006

ISBN: 9781589064959

Keywords: current account, public debt, fiscal adjustment, external debt, current account balance

In this chapter, IMF-Jordan relations are examined from the perspective of IMF internal processes and policies, focusing on the following aspects: The interaction betwee...