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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.

Albania:Second Post-Program Monitoring Discussions—Press Release and Staff Report

Albania:Second Post-Program Monitoring Discussions—Press Release and Staff Report »

Source: Albania : Second Post-Program Monitoring Discussions-Press Release; and Staff Report

Volume/Issue: 2019/207

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

ISBN: 9781498324069

Keywords: Real sector, External sector, Fiscal sector, Economic growth, Fiscal policy, arrears, medium-term, general government debt, PPPs, Proj

Growth was strong in 2018, backed by high electricity production. Inflation remains subdued, notwithstanding very accommodative monetary conditions. The fiscal stance in 2018 was somewhat tighter than expected, sup...

Attaining Selected Sustainable Development Goals in Guatemala: Spending, Provision, and Financing Needs

Attaining Selected Sustainable Development Goals in Guatemala: Spending, Provision, and Financing Needs »

Source: Attaining Selected Sustainable Development Goals in Guatemala: Spending, Provision, and Financing Needs

Volume/Issue: 2019/60

Series: IMF Working Papers

Author(s): Esther Perez Ruiz , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2019

ISBN: 9781484398005

Keywords: Economic growth, Poverty, Capital expenditure, Development, Social security, Sustainable Devleopment Goals, Fiscal Policy., SDG, MDGs, private sector participation

Raising living standards continues to be the main challenge facing Guatemala, as a matter of economic success and social cohesion. This paper discusses the spending, financing, and delivery capacity aspects of a vi...

Australia

Australia »

Source: Australia : Selected Issues

Volume/Issue: 2019/56

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399033

Keywords: Fiscal policy, Fiscal sector, Real effective exchange rates, Fiscal space, Economic growth, net debt;PBO;economic cycle;GFC;output gap

This Selected Issues paper on Australia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the informat...

Bhutan - Assessment Letter for the World Bank

Bhutan - Assessment Letter for the World Bank »

Source: Bhutan - Assessment Letter for the World Bank

Volume/Issue: 2012/097

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2012

ISBN: 9781498339865

Keywords: Assessment letters, Banking sector, Bhutan, Current account deficits, Economic growth, Fiscal policy, Monetary policy, World Bank, External sector, Real sector

Bhutan's growth has remained robust, but the current account deficit has widened. Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8...

3. Caucasus and Central Asia: Unlocking the Region’s Growth Potential

3. Caucasus and Central Asia: Unlocking the Region’s Growth Potential »

Source: Regional Economic Outlook, November 2018, Middle East and Central Asia

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2018

ISBN: 9781484375389

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, economic outlook, global trade tensions, oil-importing countries

After a recovery in 2017, GDP growth in the Caucasus and Central Asia (CCA) region is expected to stabilize in 2018 and in the medium term. However, at forecast growth rates, it will take nearly...

Chapter 2 Curbing Corruption

Chapter 2 Curbing Corruption »

Source: Fiscal Monitor, April 2019 : Curbing Corruption

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

Introduction Corruption—the abuse of public office for private gain—distorts the activities of the state and ultimately takes a toll on economic growth and the quality of people’s li...

Chapter 1 Fiscal Policy for a Changing Global Economy

Chapter 1 Fiscal Policy for a Changing Global Economy »

Source: Fiscal Monitor, April 2019 : Curbing Corruption

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

With global growth slowing and uncertainty rising, fiscal policy should prepare for potential downturns—balancing stabilization and sustainability objectives—and put more emphasis on reforms to...

Executive Summary

Executive Summary »

Source: Fiscal Monitor, April 2019 : Curbing Corruption

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

Chapter 1: Fiscal Policy for a Changing Global Economy Over the past decade, fiscal policy has focused primarily on macroeconomic stabilization in response to shocks, notably the glo...

Fiscal Implications of Interest Rate Normalization in the United States

Fiscal Implications of Interest Rate Normalization in the United States »

Source: Fiscal Implications of Interest Rate Normalization in the United States

Volume/Issue: 2019/90

Series: IMF Working Papers

Author(s): Huixin Bi , Wenyi Shen , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2019

ISBN: 9781498311151

Keywords: Economic growth, Business cycles, Capital income, Real interest rates, Interest rate increases, interest rate normalization, monetary and fiscal policy interaction, fiscal sustainability, non linear DSGE models, New Keynesian model

This paper studies the main channels through which interest rate normalization has fiscal implications in the United States. While unexpected inflation reduces the real value of government liabilities, a rising pol...

Fiscal Monitor, April 2019
			: Curbing Corruption

Fiscal Monitor, April 2019 : Curbing Corruption »

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2019

DOI: http://dx.doi.org/10.5089/9781498302180.089

ISBN: 9781498302180

Keywords: Corruption, Corruption in politics. Economic aspects, Economic growth, Economic stabilization, Economic integration, Tax revenue, Fiscal policy, inclusive growth, global integration, fiscal outlook

This report discusses fiscal policies to prepare for the next downturn and foster long-term inclusive growth by adapting to changing demographics, advancing technology, and deepening global integration. It also cov...