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International Monetary Fund

1. Despite the tensions across the Sahel region, Chad’s security situation has been improving. Episodes of ethnic strife along the Chad-Libya border are still occasionally reported and developments in Mali and Nigeria point to elevated security threats. However, peace with Sudan holds and the pockets of the 2008 rebellion are reported to have disappeared.

International Monetary Fund. Fiscal Affairs Dept.

Abstract

Fiscal policy has recently gained prominence, both in public debate and in governments’ policy agendas (Figure 1.1). A reassessment of fiscal policy is taking place, stressing its greater role in fostering sustainable and inclusive growth and smoothing the economic cycle. At the same time, the high uncertainty surrounding the outlook and high levels of public debt require a better understanding and managing of fiscal risks. Therefore, fiscal policy has the difficult task of achieving more and better in a more constrained environment. This issue of the Fiscal Monitor shows how the evolution of the debate on fiscal policy can shed new light on fiscal developments and help frame policy recommendations to countries.

International Monetary Fund. Fiscal Affairs Dept.