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International Monetary Fund. European Dept.
This Joint Staff Advisory Note focuses on Republic Of Moldova’s Poverty Reduction Strategy Paper and National Development Strategy (NDS). The NDS unifies in one document the government’s poverty reduction strategy and development vision. The NDS argues that Moldova needs to add productivity-enhancing investment and exports as growth drivers to its traditional consumption-based growth model. The strong pace of growth observed in the mid-2000s was driven by domestic consumption fuelled by remittances. The NDS calls for a shift from the current consumption-based growth model toward one based on raising investments, increasing productivity and competitiveness, developing export industries, and promoting a knowledge-based society.
International Monetary Fund. African Dept.
The attached Joint Staff Advisory Note (JSAN) on the Implementation of the Poverty Reduction Strategy Paper for Guinea, prepared jointly by the staffs of the World Bank and the IMF, was distributed with the member country’s Poverty Reduction Strategy Paper (PRSP) to the Executive Boards of the two institutions. The objective of the JSAN is to provide focused, frank, and constructive feedback to the country on progress in implementing its Poverty Reduction Strategy (PRS).
International Monetary Fund
This annual progress report reviews the joint staff advisory note on Burkina Faso’s Poverty Reduction Strategy Papers (PRSPs). IMF staff highlights the importance of increasing public revenue mobilization and strengthening expenditure management and efficiency, and securing financing in the form of grants, which would create space for an increase in pro-poor spending. Increasing spending on basic services and enhancing the management and efficiency of public expenditure in health and education, and continued progress on decentralization are critical to achieve the PRS public service delivery targets.
International Monetary Fund
The status report on the Poverty Reduction Strategy Paper (PRSP) of the Central African Republic showed substantial progress. IMF staff welcomed peace and security consolidation and strong macroeconomic framework under the economic program. They emphasized the need for strengthening the linkages between some of the sectoral and national strategies. They stressed the need for a strategy for monitoring and evaluation of the system, and financing to implement the strategy. They concur that success of the PRSP will be a challenge amidst security issues and financial constraints.
International Monetary Fund
This Joint Staff Advisory Note provides World Bank and IMF staff analysis, and advices on key priorities to be strengthened during the implementation of the second Poverty Reduction Strategy Paper (PRSP-2) in Mauritania. The PRSP-2 conveys an ambitious poverty reduction strategy based on a set of sound macroeconomic, structural, and sectoral policies to be implemented by 2015. The achievement of the PRSP-2 objectives will be difficult and will require a better prioritization in the context of absorptive capacity constraints and increasing and highly volatile public resources.
International Monetary Fund
The Joint Staff Advisory Note (JSAN) describes the progress of Vietnam over the last two years. It expects that many of the shortfalls experienced in the implementation of the Comprehensive Poverty Reduction and Growth Strategy will be addressed by the new Socio-economic Development plan (SEDP) 2006–10, and describes both the developmental challenges that lie ahead for the coming plan period along with the consultative process that is underpinning the preparation of the SEDP.
International Monetary Fund
The report gives details of the economic analysis for the implementation of Chile's inflation targeting framework. It reviews the current state of liquidity in the Chilean fixed-income markets and developments and impediments to the supply of corporate bonds to the market. The paper considers a number of microstructure issues, transparency in the Over-the-Counter (OTC) market, addresses the role of public debt in facilitating development of the financial markets, and discusses a potential debt management framework that would support the development of a liquid public debt market.
International Monetary Fund
Executive Directors believe that the Growth and Poverty Reduction Strategy (GPRS) outlines a comprehensive framework for growth and poverty reduction in Ghana. The GPRS II rightly emphasizes private sector-led growth as key to broadening the country’s economic base. The GPRS II will benefit from analyzing the risks to the strategy such as inability to implement planed structural reforms, exogenous shocks and domestic factors, fiduciary weaknesses, and capacity limitations. A comprehensive macroeconomic framework that is consistent with the medium-term fiscal framework and growth assumptions is required.
International Monetary Fund
This paper presents key findings of the Annual Progress Report (APR) on the Poverty Reduction Strategy Paper (PRSP) for Guinea. Conditions for implementing the Poverty Reduction Strategy were particularly difficult in 2004, and were marked by: persistent insecurity in the subregion; low levels of investment in priority sectors; and falling prices for mining output, in particular for bauxite, the country's main export. The outcomes achieved during fiscal year 2004 are a reflection of this constraining environment. Under the circumstances, no progress was made in reconciling the central government budget with the PRSP objectives.