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International Monetary Fund
Attention was especially focused on infrastructural development and the implementation of the free health care program. Another key poverty reducing strategy is the Smallholder Commercialisation Scheme. A robust monitoring and evaluation system has been established. Inadequate domestic capacity negative attitudes and fraudulent behavior toward execution of public contracts, delayed donor disbursement of funds for public works, and limited intra- and intersectoral coordination has been limiting factors. Developing a comprehensive policy framework to regulate behavior of contractors and ensuring timely release of donor funds for projects is needed.
International Monetary Fund
The economic performance has been positive as tight macroeconomic policies prevailed, helped by a remarkable revenue mobilization effort. None of the key indicator targets were met. Fiscal performance improved, but there was an increase in the overall fiscal deficit. Monetary policy was also less expansionary. Efforts were sustained to strengthen the justice delivery system. The long-term goal is to eradicate poverty by significantly increasing the national income, through stable economic growth, and reducing income and non-income inequalities through specific poverty-reduction priority interventions.
International Monetary Fund
Economic growth in Swaziland has weakened over the past decade. This 2005 Article IV Consultation highlights that real GDP growth decelerated to 2.1 percent in 2004 and an estimated 1.8 percent in 2005. A prolonged drought affected agricultural output, particularly maize, the main staple crop, and cotton. The authorities completed a “Poverty Reduction Strategy and Action Plan” in October 2004. The document spells out policies with the overall objective of halving the 1995 poverty rate by 2015. However, little progress has been made toward this and other Millennium Development Goals.
International Monetary Fund
This paper reviews Zambia’s Second Poverty Reduction Strategy Paper (PRSP) Implementation Progress Report. The report reviews the status of the Poverty Reducing Programs (PRPs) for July 2003–June 2004. It notes improvement in funding to priority PRPs from K140 billion in January 2002–June 2003 to K430 billion in July 2003–June 2004. The report discusses that major improvements in public finance management were achieved in the first half of the budget year 2004, mainly owing to the introduction of the Medium-Term Expenditure Framework and Activity-Based Budgeting.
International Monetary Fund
This paper reviews Zambia’s First Poverty Reduction Strategy Paper (PRSP) Implementation Progress Report covering January 2002–June 2003. The report describes the first one and half years of the implementation of the PRSP in four strategic areas, namely economic and social sectors, governance, infrastructure, and crosscutting issues. It covers the macroeconomic performance—budget and structural reforms with regard to the PRSP refined indicators. The report focuses on the progress made in undertaking structural reforms to support the policy and institutional changes required to effectively implement the PRSP.
International Monetary Fund
This joint staff assessment evaluates the strengths and weaknesses of Malawi’s poverty reduction strategy (MPRS), and considers whether the PRSP provides a sound basis for concessional assistance from the World Bank and IMF, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. The annual review of the MPRS highlighted the reduced allocation of budgetary resources to pro-poor activities and the slow progress made in implementing structural and sectoral policy measures, and assesses that the implementation of the MPRSP has been unsatisfactory.
International Monetary Fund
This 2002 Article IV Consultation highlights that real GDP growth of Botswana slipped to an estimated 1¼ percent in 2001/02 (July–June), largely reflecting a downturn in the global diamond market and a drop in Botswana’s diamond production. The non-mining sectors performed better, especially the service industries. Their success is in part a product of Botswana’s market-friendly environment, sound macroeconomic policies, and investments in education and physical infrastructure. The overall fiscal balance moved into deficit in 2001/02 (April–March), only the second deficit in 20 years.