On May 20, the United Nations transferred authority to the newly established government of East Timor. The handover marks East Timor’s formal independence, making the territory the first new country of the 21st century. While offering opportunities, East Timor’s long-awaited independence also poses challenges. The new nation is one of the world’s poorest countries. For at least the next few years, the economy will need to rely on the technical and financial assistance of the international community. The IMF plans to assist East Timor in meeting its postindependence challenges and looks forward soon to welcoming the country as its 184th member.
This Poverty Reduction Strategy Paper (PRSP) was developed based on a long participatory process based on an institutional mechanism involving all socioeconomic development actors in the country. The annual review of the PRSP seeks to assess the results achieved in the implementation of the poverty reduction strategy by analyzing the evolution of the performance indicators retained and the level of execution of the matrix of measures retained in the PRSP. This study is based on the reports of IMF staff's PRSP and information collected from government projects, program budget, and framework.
Benin has been implementing a national poverty reduction strategy for sustainable human development. The government of Benin judiciously stressed the development of the social sector and improved governance to develop human resources and enhance the effectiveness of its actions so as to lay the foundations for sustainable human development. The sectoral strategies and policies growing out of the poverty reduction and growth strategy (SCRP) will be refined and/or readjusted to more clearly delineate the actions planned and thereby facilitate their implementation.
This abstract discusses Benin’s poverty reduction strategy (PRS1). The PRS1 serves as both a strategic frame of reference and a framework for dialogue with technical and financial partners (TFPs). The six major phases involved in the preparation of the growth and poverty reduction strategy (GPRS) and design of the macroeconomic and budgetary framework have been explained in this paper. The impact of macroeconomic and budgetary framework on the attainment of the MDGs and on the poverty reduction is also reviewed.
This paper reviews Benin’s Poverty Reduction Strategy Paper (PRSP) for 2003–05. Benin’s PRSP represents, on the one hand, an overall strategy for combating poverty which, instead of focusing solely on economic growth or exclusively on social services, integrates all the dimensions of development and poverty reduction. On the other hand, this strategy, without neglecting to take poverty in urban or adjacent areas into account, places greater emphasis on rural development. Moreover, the PRSP has been prepared with the participation of the targeted population groups.
The Government of the Republic of Niger has implemented the Poverty Reduction Strategy (PRS), which describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction. This strategy is based on the conviction that poverty can be reduced through strong and sustained economic growth that creates wealth and jobs. The study is the outcome of a concerted analysis. The first part outlines the diagnosis and key factors of poverty and the second part presents the major challenges, vision, overall goals, and strategic pillars.
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic society. Extending the model into a dynamic framework, I find that this technology of extraction operates only at the early stage of democracy. Its impact tends to phase out as democracy matures. In other words, the model predicts that democracy exhibits a threshold effect on corruption.
This paper documents the additional spending that is required for sub-Saharan Africa (SSA) to achieve meaningful progress in SDGs by 2030. Benin and Rwanda are presented in detail through case studies. The main lessons are: i) average additional spending across SSA is significant, at 19 percent of GDP in 2030; ii) countries must prioritize their development objectives according to their capacity to deliver satisfactory outcomes, iii) financing strategies should articulate multiple sources given the scale of additional spending, and iv) strong national ownership of SDGs is key and should be reflected in long-term development plans and medium-term policy commitments.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.