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Matthew Gaertner, Ms. Laure Redifer, Pedro Conceição, Mr. Rafael A Portillo, Luis-Felipe Zanna, Jan Gottschalk, Mr. Andrew Berg, Ayodele F. Odusola, Mr. Brett E. House, and Mr. José Saúl Lizondo
The pace of progress toward achievement of the Millenium Development Goals (MDG) in many sub-Saharan African countries remains too slow to reach targets by 2015, despite significant progress in the late 1990s. The MDG Africa Steering Group, convened in September 2007 by the UN Secretary-General, designated 10 countries for pilot studies to investigate how existing national development plans would be impacted by scaled up development aid to Africa. This joint publication of the IMF and the United Nations Development Programme reports conclusions drawn from these pilot studies and summarizes country-specific results for Benin, the Central African Republic, Ghana, Liberia, Niger, Rwanda, Tanzania, Togo, Sierra Leone, and Zambia.
Mr. Kevin Fletcher, Mr. Sanjeev Gupta, Mr. Duncan P Last, Mr. Gerd Schwartz, Mr. Shamsuddin Tareq, Mr. Richard I Allen, and Ms. Isabell Adenauer

Abstract

The international community has committed to scaling up aid and improving aid delivery to low-income countries to help them meet the Millennium Development Goals. Other "emerging" donors, public and private, are increasing their assistance, and debt-relief initiatives are creating space for new borrowing. Remittances to low-income countries have been on a precipitous rise, and many countries are benefiting from high commodity prices. Fiscal Management of Scaled-Up Aid explores approaches to the sound fiscal management that will be required to ensure effective and sustainable use of these flows. With a medium-term perspective and efficient use of resources in mind, this paper addresses questions that shape fiscal policy response to scaled-up aid. Drawing on IMF Fiscal Affairs Department technical assistance to member countries, it outlines factors that should be taken into account in preparing an action plan for public financial management reform and proposes specific measures that will assist countries in strengthening fiscal institutions.

Evangelos A. Calamitsis

This paper examines how Africa can reposition itself to take full advantage of globalization—while minimizing the risks in the process—to accelerate economic growth and reduce poverty. The paper highlights that Africa’s share of world trade has dwindled, foreign direct investment in most countries has remained at low levels, and the income gap relative to advanced countries has widened. The paper looks at why Africa has missed out so far on the benefits of globalization, and indicates what steps Africa now needs to take to boost economic growth.

Irene Yackovlev, Ms. Zuzana Murgasova, Fei Liu, Gohar Minasyan, and Ke Wang
How to Operationalize IMF Engagement on Social Spending during and in the aftermath of the COVID-19 Crisis
International Monetary Fund
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.
International Monetary Fund
The Second Poverty Reduction Strategy Paper (SCRP) for Benin explains growth strategy for poverty reduction. The SCRP emphasizes the importance of addressing governance, transparency, and corruption. Capacity for budget management will also have to be improved at the level of sectoral ministries. The SCRP could be strengthened in future progress reports. To facilitate the achievement of key objectives, the authorities should establish appropriate institutions that implement, monitor, and evaluate progress under the strategy.
International Monetary Fund
This Joint Staff Advisory Note reviews the latest Annual Progress Report (APR) on the implementation of the poverty reduction strategy (PRS) for Benin. The APR assesses progress in implementing the strategy during 2006 and the first half of 2007. The APR indicates that significant progress has been made in strengthening the macroeconomic framework. The APR highlights some improvement in social indicators but indicates that, at the current pace, Benin would not be able to reach all the Millennium Development Goal targets by 2015.
International Monetary Fund
This paper reviews the Annual Progress Report (APR) on Poverty Reduction Strategy Paper (PRSP) on Benin. The APR presents an overview of the implementation of the strategy addressing in turn the new vision of development in Benin, the major projects initiated for the creation of national wealth and the situation of poverty, and the achievement of the Millennium Development Goals in Benin. The APR also focuses on the level of implementation of the strategy, and deals with the monitoring of the macroeconomic and budgeting framework.
International Monetary Fund
This Selected Issues paper and Statistical Appendix examines some aspects of the civil service reform in Benin. It describes the main features of the promotion and compensation system currently in place; assesses the early efforts at reforming the civil service; and examines the main measures envisaged for 1998–2001. The paper assesses the impact of savings and loan associations on financial intermediation. It reviews the development of savings and loan associations in Benin, with particular focus on Federation of Rural Savings and Loan Cooperatives (FECECAM) because of its leading role in the system.
International Monetary Fund
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.