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Andrew M. Kamarck

This paper reviews the influence of the tropical climate on economic development. The paper highlights that the effect of climate is clearly not the only ruling constraint on economic development. It is claimed that climatic factors severely hamper development through their impact on both human beings and their agriculture. Human economic activity is directly and adversely affected through the widespread extent and impact of diseases; and tropical agriculture suffers in the quality of its soils, its rainfall, and its multiplicity of pests and diseases.

Shlomo Reutlinger and Marcelo Selowsky

One billion people, half the population of the developing world, live on diets that are deficient in essential calories. One third of them are children below the age of ten. This article discusses the magnitude of the problem, and reviews the economic implications of specific intervention programs designed to solve it.

International Monetary Fund
This Annual Progress Report reviews Mozambique’s Economic and Social Plan for 2004. The report states that in 2004, public sector reforms were continued and consolidated. There was notable growth in social and economic infrastructure. The government was able to honor its budget execution commitments, channelling more resources into sectors prioritized in the Program for the Reduction of Absolute Poverty (PARPA) and keeping budget execution rates within the limits set in the budgetary legislation.
International Monetary Fund
In Swaziland, government tax revenue has remained broadly stable over the past decade at a level slightly below 30 percent of gross domestic product. The sources of tax revenue are heavily concentrated, with customs receipts based on a revenue-sharing arrangement under the Southern African Customs Union (SACU) alone contributing more than one-half of total tax revenue, and company and personal income taxes (some 30 percent of tax revenue) and sales tax receipts (another 13 percent) accounting for the bulk of the remainder.
International Monetary Fund
This Selected Issues paper and Statistical Annex analyzes the cotton sector in Burkina Faso. The paper highlights that the effect of the sharp drop in international prices of cotton since mid-2001 was much better managed in Burkina Faso than in most of the neighboring cotton-producing countries. The reforms implemented in the cotton sector since 1998 are summarized. The paper also emphasizes that this reform process has been successful is securing and expanding cotton production in Burkina Faso.
WENDY S. AYRES and ALEX F. McCALLA

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Alan Berg

This paper highlights that the flow of IMF-related resources to member countries was maintained at a high level during 1979, amounting to the equivalent of SDR 6,917 million, compared with SDR 4,955 million in 1978. Some SDR 3.77 billion became available to non-oil developing countries in 1979. Repurchases in the General Resources Account by all members—at SDR 4.2 billion—exceeded their purchases of SDR 1.8 billion by an unprecedented SDR 2.4 billion. These large repurchases reflected the substantial improvement in the balance of payments of some industrial member countries that had large outstanding drawings.