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International Monetary Fund. Fiscal Affairs Dept.
The contents of this report constitute technical advice provided by the staff of the IMF to the authorities of Nigeria in response to their request for technical assistance. Unlocking the potential of a rapidly growing population requires substantial improvements in human and physical capital. Nigeria is Africa’s most populous country and its largest economy. Recognizing challenges, Nigeria has embraced the Sustainable Development Goals (SDGs) Agenda. The Economic Recovery and Growth Plan 2017–2020 gives prominence to economic, social and environmental issues. This report assesses additional spending associated with making substantial progress along the SDGs. The report focuses on critical areas of human and physical capital. For each sector, the report documents progress to date, assesses Nigeria relative to peers, highlights challenges, and estimates the spending to make substantial SDG progress. Nigeria has shown gradual improvements in education. A gradual and strategic approach should be considered given the relatively large additional spending.
Mr. Olumuyiwa S Adedeji, Huancheng Du, and Mr. Maxwell Opoku-Afari
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function, inclusive growth is associated with increased average opportunities available to the population and improvement in their distribution. The paper establishes that the high growth episodes in the last decade in the selected countries came with increased average opportunities in education and health; but distribution of such opportunities varied across countries, depending on the country-specific policies underpining the growth episodes.
International Monetary Fund
The government of the Republic of Congo launched a program aimed at consolidating peace and promoting economic and social development. The objectives included improvement of governance and consolidation of peace and security, promotion of growth and macroeconomic stability, improvement of public access to basic social services, improvement of the social environment, integration of disadvantaged groups, and combating HIV/AIDS. The review shows that much remains to be accomplished, and building on the significant gains of recent years, the decision to expand and strengthen the strategic poverty reduction framework was made.
International Monetary Fund
The Cameroonian authorities found irregularities while implementing the first Poverty Reduction Strategy Paper (PRSP). The process of revising the strategy of PRSP I has resulted in the growth and employment strategy paper (GESP), designed for achieving the MDGs and realizing the vision with multiyear development programs. The GESP deals with a review of development policies, its vision and goals, a growth and employment strategy, state governance and strategic management, macroeconomic and budgetary guidelines, and an institutional framework. The GESP programming and monitoring system thus will help in formulating better policies.
International Monetary Fund
This paper discusses key findings of the National Poverty Reduction Strategy (NPRS) Monitoring and Implementation Report 2005 for Chad. The strategy is based on the attainment of five core objectives: good governance, robust and sustained growth, the development of human capital, improved living conditions for the most vulnerable segments of the population, and environmental protection. This report aims to provide a more comprehensive account of the measures taken and results achieved since the beginning of NPRS implementation.
International Monetary Fund
The Annual Progress Report for Cameroon assesses the major achievements of the Poverty Reduction Strategy Paper under the staff-monitored program (SMP). It highlights the coherence in government action, the introduction of administrative management in strategic programming and planning tools, and effectiveness in the use of human, material, and financial resources. To solve the existing problems, beneficiaries had made recommendations to improve the quality of projects. The second generation PRSP was aimed at reinforcing the growth strategy and the mobilization of foreign aid through intensive use of budgetary aid.
International Monetary Fund
The paper provides an overview of recent economic and social developments in Cameroon. The state and the dynamics of poverty has been analyzed. The pillars of the short- and medium-term growth and poverty reduction strategy have been described. The paper provides a quantitative assessment and costing of Cameroon’s poverty reduction strategy, a consistency check between the macroeconomic framework and sector strategies, and estimates of the total cost of the strategy. It also explains how the poverty reduction strategy will be monitored and evaluated.
Mr. Philip R. Gerson
This paper examines a two-sector aggregative growth model with human capital and educated unemployment. In the model, a tuition subsidy may lead to a long-run decline in the educated fraction of the population, because it may decrease the long-run per capita stock of physical capital in the economy, tending to reduce the output of the education sector and the incentives for workers to enroll in school. Thus, cuts in education subsidies undertaken by countries in Africa for adjustment reasons may actually lead to long-run increases in the educational attainment of their populations.