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Budgetary Convergence in the WEAMU

Budgetary Convergence in the WEAMU »

Source: Budgetary Convergence in the WEAMU : Adjustment Through Revenue or Expenditure?

Volume/Issue: 2000/109

Series: IMF Working Papers

Author(s): Jean-Claude Nachega , and Ousmane Dore

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853209

Keywords: Convergence, Granger causality, Co-integration, Error-correction, expenditure, expenditures, public debt, budget deficit

A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-in...

Strengthening the West African Economic and Monetary Union
			: The Role of Fiscal and Market Institutions in Economic Stabilization

Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization »

Volume: 15

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , Patrick Imam , Tidiane Kinda , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

DOI: http://dx.doi.org/10.5089/9781513567334.087

ISBN: 9781513567334

Keywords: Fiscal rules and institutions, West African Economic and Monetary Union, External shocks, Regional shocks, Economic stabilization, Economic integration, fiscal, debt, insurance, deficit

West African Economic and Monetary Union (WAEMU) countries face a well-known dilemma between the need to provide shock-smoothing mechanisms and the lack of adequate mechanisms to do so. WAEMU countries are subject...

Efficient Energy Investment and Fiscal Adjustment in Senegal

Efficient Energy Investment and Fiscal Adjustment in Senegal »

Source: Efficient Energy Investment and Fiscal Adjustment in Senegal

Volume/Issue: 2014/44

Series: IMF Working Papers

Author(s): Salifou Issoufou , Edward Buffie , Mouhamadou Bamba Diop , and Kalidou Thiaw

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

ISBN: 9781475527728

Keywords: Energy Reform, Growth, Infrastructure, fiscal deficit, fiscal adjustment, budget constraint, International Lending and Debt Problems, Institutions and Growth, Infrastructures, Infrastructure.,

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equ...

FMI conclui a Terceira Avaliação do Acordo com Moçambique ao abrigo do Instrumento de Apoio à Política Económica

FMI conclui a Terceira Avaliação do Acordo com Moçambique ao abrigo do Instrumento de Apoio à Política Económica »

Source: República de Moçambique : Relatório do Corpo Técnico sobre a Terceira Avaliação ao Abrigo do Instrumento de Apoio à Política Económica e Pedido de Modificação de Critérios de Avaliação-Relatório do Corpo Técnico, Comunicado de Imprensa

Volume/Issue: 2011/350

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2011

Language: Portuguese

ISBN: 9781463928582

Keywords: debt service, external debt, fiscal policy, budget law, current account, public debt, debt sustainability, budget support, debt service payments, domestic financing

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

I. Executive Summary

I. Executive Summary »

Source: Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , Patrick Imam , Tidiane Kinda , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

ISBN: 9781513567334

Keywords: Fiscal rules and institutions, West African Economic and Monetary Union, External shocks, Regional shocks, Economic stabilization, Economic integration, fiscal, debt, insurance, deficit

West African Economic and Monetary Union (WAEMU) countries 1 face a well-known dilemma between the need to provide shock-smoothing mechanisms...

II. Strengthening WAEMU Fiscal Rules

II. Strengthening WAEMU Fiscal Rules »

Source: Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , Patrick Imam , Tidiane Kinda , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

ISBN: 9781513567334

Keywords: Fiscal rules and institutions, West African Economic and Monetary Union, External shocks, Regional shocks, Economic stabilization, Economic integration, fiscal, debt, insurance, deficit

One of the main difficulties with fiscal rules is preserving some room for flexibility without compromising the rules. This is particularly relevant for WAEMU countries, as large and frequent sh...

III. Creating Public Insurance Mechanisms

III. Creating Public Insurance Mechanisms »

Source: Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization

Series: Departmental Papers / Policy Papers

Author(s): Olivier Basdevant , Patrick Imam , Tidiane Kinda , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

ISBN: 9781513567334

Keywords: Fiscal rules and institutions, West African Economic and Monetary Union, External shocks, Regional shocks, Economic stabilization, Economic integration, fiscal, debt, insurance, deficit

Frequent and large asymmetric shocks and limited effectiveness of shock-smoothing mechanisms challenge the stability of WAEMU economies. A public insurance mechanism—even in its less centralized...

IMF Approves US$75.6 Million Exogenous Shocks Facility Arrangement for Senegal and Completes Second Review under the Policy Support Instrument

IMF Approves US$75.6 Million Exogenous Shocks Facility Arrangement for Senegal and Completes Second Review under the Policy Support Instrument »

Source: Senegal : Second Review Under the Policy Support Instrument, Request for a Twelve-Month Arrangement Under the Exogenous Shocks Facility, and Request for Waivers and Modification of Assessment Criteria -Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Senegal

Volume/Issue: 2009/5

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2009

ISBN: 9781451834109

Keywords: budget, debt, payment delays, fiscal balance, appropriations

Senegal's second review under the Policy Support Instrument and request for a Twelve-Month Arrangement under the Exogenous Shocks Facility, and request for Waivers and Modification of Assessment Criteria are assess...

IMF Approves US$33 Million PRGF Arrangement for Senegal

IMF Approves US$33 Million PRGF Arrangement for Senegal »

Source: Senegal : 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

Volume/Issue: 2003/167

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2003

ISBN: 9781451833881

Keywords: debt, budget, interest, expenditure management, deficit

This paper examines Senegal's 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced I...

IMF Completes First Review Under Senegal’s PRGF Arrangement and Approves US$ 5.2 Million Disbursement

IMF Completes First Review Under Senegal’s PRGF Arrangement and Approves US$ 5.2 Million Disbursement »

Source: Senegal : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

Volume/Issue: 2004/131

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2004

ISBN: 9781451833935

Keywords: debt, budget, interest, external debt, deficit

The First Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria for Senegal are discussed. Economic activity in the first half of 2003 has been weaker than envisage...