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Aklilu Habte

How does education serve to promote the economic and the sociocultural development of developing countries? The Director of the Education Department reflects on World Bank lending for education projects in the light of diverse national objectives.

International Monetary Fund
This 2007 Article IV Consultation highlights that real GDP growth of Solomon Islands rose to an estimated 6 percent in 2006, driven by fish, palm oil production, and services. However, it is expected to ease to 5½ percent in 2007, as a further escalation in logging will be likely offset by lower growth of fish and traditional crops. With the natural forest expected to be depleted within the next few years, structural reforms are necessary to generate higher sustainable growth, raise living standards, and reduce the economy’s vulnerability to shocks.
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
The Poverty Reduction Strategy Paper (PRSP) describes The Gambia’s macroeconomic, structural, and social policies in support of growth and poverty reduction, external financing needs, and major sources of financing. Since PRSP I had experienced some setbacks during its implementation, PRSP II has been formulated with revised strategies to achieve Vision 2020 and the Millennium Development Goals (MDGs) of reducing poverty globally. Based on a detailed analysis, the authorities provided some specific recommendations for the long-term sustainability of the program in terms of priorities and operational modalities.
International Monetary Fund
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.
International Monetary Fund
This paper discusses Mozambique’s Poverty Reduction Strategy Paper—Economic and Social Plan for 2005. In the international context, the paper presents the evolution of the international economy so as to understand under what economic conditions the country will have to implement its economic and social policy. It discusses the major macroeconomic objectives, and the evolution of the main economic indicators for Mozambique. The paper also presents the main policy measures to be implemented by the government, targets, and activities.
International Monetary Fund
This paper reviews the Annual Progress Report on Malawi’s Poverty Reduction Strategy (MPRS). The poverty situation remained high over the implementation period of the MPRS. The government continued funding activities that have been perceived to have an impact on poverty reduction. The MPRS outlined a number of macroeconomic policies that have been adhered to achieve the macroeconomic targets. These policies have been mainly in the form of monetary, fiscal, and structural policies.
International Monetary Fund. African Dept.
This Joint Advisory Note on the Democratic Republic of the Congo discusses economic growth and employment-creating sectors. The agriculture and mining sectors are projected to continue their expansion, while simultaneously raising labor productivity and freeing up labor. The urban population is expected to reach 40 million by 2025, up from an estimated 24 million in 2012. Some of these urban centers will function as service centers for rural areas, but they will be increasingly integrated with international markets through formal and informal trade, partly as a result of better telecommunications. The government’s objective is to boost mining output, and the sector’s contribution to fiscal revenues requires an increase in foreign investment, an improvement in the business climate, and a strengthening of governance.
International Monetary Fund
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.