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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.

Niger
			: 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility, and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Extension and Rephasing of the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Niger

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Niger : 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility, and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Extension and Rephasing of the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Niger »

Volume/Issue: 2019/239

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 September 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513513430.002

ISBN: 9781513513430

Keywords: External sector, Public financial management, Economic growth, Fiscal policy, Development, arrears, payment arrears, percent of GDP, SOEs, BCEAO

Niger faces daunting development challenges, aggravated by terrorist incursions, low uranium export prices, and climate change. Nonetheless, GDP growth picked up to 6.5 percent last year- and should average above...

Niger: 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility, and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Extension and Rephasing of the Extended Credit Facility A

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Niger: 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility, and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Extension and Rephasing of the Extended Credit Facility A »

Source: Niger : 2019 Article IV Consultation, Fourth Review Under the Extended Credit Facility, and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, and Extension and Rephasing of the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Niger

Volume/Issue: 2019/239

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 September 2019

Language: French

ISBN: 9781513513430

Keywords: External sector, Public financial management, Economic growth, Fiscal policy, Development, arrears, payment arrears, percent of GDP, SOEs, BCEAO

Niger faces daunting development challenges, aggravated by terrorist incursions, low uranium export prices, and climate change. Nonetheless, GDP growth picked up to 6.5 percent last year- and should average above...

IMF Executive Board Approves Three-year Extended Credit Facility Arrangement and US$27.4 Million Disbursement to Mali

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IMF Executive Board Approves Three-year Extended Credit Facility Arrangement and US$27.4 Million Disbursement to Mali »

Source: Mali : Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

Volume/Issue: 2019/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2019

ISBN: 9781513513300

Keywords: Balance of payments, External sector, Fiscal policy, Economic growth, Domestic debt, ISCR, CR, percent of GDP, ECF, overall balance

Mali is a low-income fragile country facing significant development challenges that have intensified due to insurgency, terrorism, and social tensions. Implementation of the 2015 peace agreement is challenging, and...

Mali
			: Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

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Mali : Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali »

Volume/Issue: 2019/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2019

DOI: http://dx.doi.org/10.5089/9781513513300.002

ISBN: 9781513513300

Keywords: Balance of payments, External sector, Fiscal policy, Economic growth, Domestic debt, ISCR, CR, percent of GDP, ECF, overall balance

Mali is a low-income fragile country facing significant development challenges that have intensified due to insurgency, terrorism, and social tensions. Implementation of the 2015 peace agreement is challenging, and...

Mali: Request for a three-year Arrangement Under the Extended Credit Facility—Debt Sustainability Analysis

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Mali: Request for a three-year Arrangement Under the Extended Credit Facility—Debt Sustainability Analysis »

Source: Mali : Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

Volume/Issue: 2019/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2019

ISBN: 9781513513300

Keywords: Balance of payments, External sector, Fiscal policy, Economic growth, Domestic debt, ISCR, CR, percent of GDP, ECF, overall balance

Mali is a low-income fragile country facing significant development challenges that have intensified due to insurgency, terrorism, and social tensions. Implementation of the 2015 peace agreement is challenging, and...

Mali: Request for three-year Arrangement Under the Extended Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Mali

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Mali: Request for three-year Arrangement Under the Extended Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Mali »

Source: Mali : Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

Volume/Issue: 2019/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2019

ISBN: 9781513513300

Keywords: Balance of payments, External sector, Fiscal policy, Economic growth, Domestic debt, ISCR, CR, percent of GDP, ECF, overall balance

Mali is a low-income fragile country facing significant development challenges that have intensified due to insurgency, terrorism, and social tensions. Implementation of the 2015 peace agreement is challenging, and...

Statement by Mr. Mohamed-Lemine Raghani and Mr. Oumar Diakite on Mali Executive Board Meeting August 28, 2019

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Statement by Mr. Mohamed-Lemine Raghani and Mr. Oumar Diakite on Mali Executive Board Meeting August 28, 2019 »

Source: Mali : Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali

Volume/Issue: 2019/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2019

ISBN: 9781513513300

Keywords: Balance of payments, External sector, Fiscal policy, Economic growth, Domestic debt, ISCR, CR, percent of GDP, ECF, overall balance

Mali is a low-income fragile country facing significant development challenges that have intensified due to insurgency, terrorism, and social tensions. Implementation of the 2015 peace agreement is challenging, and...

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

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Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature »

Volume/Issue: 2019/185

Series: IMF Working Papers

Author(s): Signe Krogstrup , and William Oman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2019

DOI: http://dx.doi.org/10.5089/9781513511955.001

ISBN: 9781513511955

Keywords: Financial regulation and supervision, Financial crises, Central banking and monetary issues, Economic conditions, Financial management, climate change, fiscal policy, monetary policy, financial policy, policy framework

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role...

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

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Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature »

Source: Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Volume/Issue: 2019/185

Series: IMF Working Papers

Author(s): Signe Krogstrup , and William Oman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2019

ISBN: 9781513511955

Keywords: Financial regulation and supervision, Financial crises, Central banking and monetary issues, Economic conditions, Financial management, climate change, fiscal policy, monetary policy, financial policy, policy framework

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role...

The Negative Mean Output Gap

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The Negative Mean Output Gap »

Volume/Issue: 2019/183

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

DOI: http://dx.doi.org/10.5089/9781513511740.001

ISBN: 9781513511740

Keywords: Accounting systems, Bank rates, Bond yields, Business cycles, Capital, Capital stocks, Central banking, Central banks, Consumption, Cost of capital

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns...