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Annex 1 Revisiting Past IEO Evaluations: Evaluation of Prolonged Use of IMF Resources »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

Summary This note revisits the 2002 IEO Evaluation of Prolonged Use of IMF Resources and examines the extent to which its findings and conclusions remain relevant, and the extent to...

Annex 2 Revisiting Past IEO Evaluations: Fiscal Adjustment in IMF-Supported Programs »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

Summary This review assesses the continued relevance of the findings, conclusions, and recommendations of the 2003 IEO evaluation of Fiscal Adjustment in IMF-Supported Programs. Fisc...

Annexes »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

...

Appendix 1 »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

Administrative Budget: Independent Evaluation Office (In U.S. dollars)...

Appendix 2 Outreach Activities »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

October 2012, Tokyo, Japan Consultations about IEO’s future work program with country delegations during the Annual Meetings. November 2012, London, Unit...

Chapter 3. External Evaluation of the IEO »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

When the IEO was established in 2001, periodic external evaluations of its work were envisaged. The first external evaluation, completed in 2006, assessed whether the IEO had fulfilled its mandate in its fir...

Chapter 4. Follow-Up on IEO Evaluations »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

An approach to follow-up on IEO evaluations was established in the IMF following the first external evaluation of the IEO in 2006. Under this framework, after the Executive Board discusses an IEO evaluation...

Chapter 2. IEO Outputs in FY2013 »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

During FY2013, the IEO issued reports on its evaluations of International Reserves: IMF Concerns and Country Perspectives, in December 2012, and The Role of the IMF as Trusted Advisor, in February 2013. In a...

Chapter 5. Looking Ahead: Ongoing Evaluations and the IEO Work Program »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

The IEO is currently working on five evaluations and is also undertaking two reviews of past evaluations. The status of each is summarized below. The IEO continues to work on an “Assessment of IMF S...

Chapter 1. Overview of Developments in FY2013 »

Source: IEO Annual Report 2013

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2013

ISBN: 9781484346563

Keywords: fiscal adjustment, monetary fund, fiscal reform, fiscal policy, fiscal stance

During the financial year 2013, the IEO produced two evaluations, International Reserves: IMF Concerns and Country Perspectives and The Role of the IMF as Trusted Advisor, both of which were discussed by the...

CHAPTER 5 Adequacy of Indonesia’s Foreign Exchange Reserves »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Indonesia has seen a sharp increase in its international reserves holdings in recent years. Reserves have increased from less than $10 billion (6 percent of GDP) in the early 1990s to $120 billion (14.8 perc...

CHAPTER 7 Assessing Corporate Sector Vulnerabilities »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

This chapter discusses how the nonfinancial corporate sector in Indonesia was affected by the 2008–09 global financial crisis and recovery. It then uses contingent claims analysis to assess how vulnerable th...

CHAPTER 6 Corporate Governance and Leverage Trends »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Serious corporate governance problems may lead to overborrowing by firms in a weak institutional environment. However, improvements in governance can help increase leverage when access to credit has been con...

CHAPTER 8 Enhancing Financial Stability »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Indonesia has made great strides in the last decade in improving macroeconomic and financial stability. As a result, the country’s financial system withstood the contagion from the global financial crisis th...

CHAPTER 1 Explaining Higher Inflation in Indonesia: A Regional Comparison »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Over the 20 years beginning in 1990, inflation in Indonesia has been consistently higher than elsewhere in the Asia region. 1 Indeed, inflation has often exceeded the 7–11 percen...

CHAPTER 2 Inflation Uncertainty and the Term Premium »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Based on the term structure model for determining nominal bond yields, this chapter identifies the impact on the cost of borrowing of Indonesia’s relatively higher inflation level and volatility relative to...

CHAPTER 3 Maintaining Fiscal Sustainability Under Uncertainty »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Indonesia’s public debt outlook is stronger than in many advanced and emerging economies. Nevertheless, Indonesia, like other emerging economies with relatively low debt levels, is still exposed to shocks. T...

CHAPTER 4 Volatility in External Demand: Indonesia’s Commodity Boom and Overall Competitiveness »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

Indonesia experienced a remarkable export boom in the years preceding the 2008–09 global economic and financial crisis, driven mainly by surging commodity exports. While helping to sustain high economic grow...

PART I Macroeconomic Management with Greater Global Integration »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

...

PART II The Impact of Volatility on the Corporate and Financial Sectors »

Source: Indonesia : Sustaining Growth During Global Volatility

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616352028

Keywords: inflation, monetary policy, corporate governance, oil and gas, corporate sector

...

CHAPTER 2 Evaluation Framework »

Source: IMF Performance in the Run-Up to the Financial and Economic Crisis : IMF Surveillance in 2004-07

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2011

ISBN: 9781616350789

Keywords: financial sector, financial stability, financial institutions, financial markets, financial system

A. Scope of Evaluation 7. The evaluation assesses the IMF’s performance during the period up to the crisis, focusing primarily on 2004 through 2007. 5...

CHAPTER 3 IMF Messages in the Run-Up to the Crisis »

Source: IMF Performance in the Run-Up to the Financial and Economic Crisis : IMF Surveillance in 2004-07

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2011

ISBN: 9781616350789

Keywords: financial sector, financial stability, financial institutions, financial markets, financial system

A. Overview of Main Findings 11. During the period 2004 through the start of the crisis in mid-2007, the IMF did not warn the countries at the center of the crisis, nor the membershi...

CHAPTER 1 Introduction »

Source: IMF Performance in the Run-Up to the Financial and Economic Crisis : IMF Surveillance in 2004-07

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2011

ISBN: 9781616350789

Keywords: financial sector, financial stability, financial institutions, financial markets, financial system

1. This evaluation assesses the performance of IMF surveillance in the run-up to the global financial and economic crisis. It examines whether the IMF identified the mounting risks...

CHAPTER 5 Toward More Effective IMF Surveillance »

Source: IMF Performance in the Run-Up to the Financial and Economic Crisis : IMF Surveillance in 2004-07

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2011

ISBN: 9781616350789

Keywords: financial sector, financial stability, financial institutions, financial markets, financial system

66. In considering recommendations, the aim is not to predict a crisis, as crises and their triggers are inherently unpredictable. It is rather to strengthen the IMF’s working envir...

CHAPTER 4 Why Did the IMF Fail to Give Clear Warning? »

Source: IMF Performance in the Run-Up to the Financial and Economic Crisis : IMF Surveillance in 2004-07

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2011

ISBN: 9781616350789

Keywords: financial sector, financial stability, financial institutions, financial markets, financial system

40. Various factors played a role in the IMF’s failure to identify risks and give clear warnings. Many of these factors represent long-standing problems that had been highlighted fo...

The Acting Chair’s Summing Up Evaluation Report of Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility by the Independent Evaluation Office »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

General Remarks Executive Directors welcomed the timely report of the Independent Evaluation Office (IEO). The report has a number of constructive recommendations, which will require...

Annex 4 Assessment of the Adaptation of the IMF’s Internal Policy Process »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Table A4.1. An Assessment of the Adaptation of the IMF’s Internal Policy Process Between the ESAF and the PRGF Based on Briefing Pa...

Annex 9 Changes in Domestic Policy Processes and Institutions: Evidence from Case Studies »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Table A9.1. What Happened to Domestic Policy Formation Under the PRSP Approach? Some Examples from the Case Studies...

Annex 8 Composition of Targeted Changes in Expenditures and External Financing in IMF-Supported Programs »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The Composition of Programmed Fiscal Adjustment As discussed in Chapter 4, PRGF-supported programs target, on average, greater increases in revenues and smaller expenditure cuts than...

Annex 7 Determinants of Targeted and Actual Fiscal Adjustment »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

This annex presents details of regression analyses that underlay some of the results discussed in Chapter 4. The regressions were based on data from 88 new arrangements approved by the IMF under either the E...

Annex 5 Modalities of Participatory Processes: How Broad-Based Has Participation Been? »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Many of the countries concerned had no tradition of participatory policy formulation (e.g., Albania, Cambodia, and Tajikistan). Others did have a partici-patory tradition or experience, but a separate partic...

Annex 3 PRSP Sourcebook: Does It Provide Adequate Space for Policy Flexibility, and Is It Based on Strong Empirical Evidence? »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Policy Prescription in the PRSP Sourcebook 1...

Annex 6 Qualitative Appraisal of JointStaff Assessments »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The IEO undertook a desk review of the 28 JSAs sents the criteria used in assigning quality ratings to of full PRSPs issued through May 2003, involving a selected aspects of JSAs, as well as the average and...

Annex 2 Results from Survey of IMF Staff1 »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Methodology The survey was undertaken during December 2003 and January 2004. It targeted mission chiefs and resi-dent representatives for PRGF-eligible countries. A total of 75 IMF s...

Annex 1 Survey of PRSP Stakeholders »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Global Results As part of the OED and IEO evaluations of the PRSP process and the PRGF, a survey of PRSP stakeholders was administered in each of the ten countries where a case study...

Chapter 2 Implementation of the PRS Approach in Areas Relevant to the IMF Mandate »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages The design of the PRSP approach incorporates critical but largely unrecognized internal tensions: the PRS is to be country owned, but BWI policy assessme...

Chapter 1 Introduction: Origin and Objectives of the PRSP and the PRGF and Scope of the Evaluation »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The IMF and the World Bank introduced the Poverty Reduction Strategy Paper (PRSP) approach in 1999 to strengthen their approach to providing assistance to low-income countries, including both new financial a...

Chapter 6 Is the New Approach Making a Difference? »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages The most significant improvements in domestic policy processes include a better diagnosis of the nature of poverty and greater inclusion of various group...

Chapter 3 Joint Staff Assessments »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages On balance, Joint Staff Assessments (JSAs) do not perform adequately the many tasks expected of them. JSAs generally cover mo...

Chapter 4 PRGF-Supported Program Design »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages In most PRGFs, key strategic priorities and policy choices in both macroeconomic and structural areas in program design are still not guided by the PRSP....

Chapter 5 The IMF’s Way of Doing Business »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Key Messages The 1999 policy papers launching the PRSP/PRGF called for far-reaching changes in the nature of the IMF’s involvement in low-income countries. These expe...

Evaluation of the IMF’s Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

Bibliography ActionAid, 2002, “Inclusive Circles Lost i...

Independent Evaluation Office Comments on Management/Staff Responses to the Evaluation of Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The comprehensive nature of the management/staff responses is welcome. They provide a basis for a substantive debate on the major issues raised in the evaluation. The staff has noted a number of areas where...

Staff Response to the Independent Evaluation Office Report on the Evaluation of Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

I. Introduction 1. The Independent Evaluation Office (IEO) report offers a trenchant analysis of the Poverty Reduction Strategy (PRS) approach. The report con-cludes that the PRS app...

Statement by the Managing Director on the Independent Evaluation Office Report on the Evaluation of Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The Independent Evaluation Office is to be com-mended for its wide-ranging and informative report on the Poverty Reduction Strategy Paper (PRSP) approach and the Poverty Reduction and Growth Facil-ity (PRGF)...

Statement by the Managing DirectorIMF Staff ResponseIEO Comments on ManagementStaff ResponsesSumming Up by the Acting Chair »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

...

Summary of Major Findings, Lessons, and Recommendations »

Source: Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility

Series: Independent Evaluation Office Reports

Author(s): David Goldsbrough , Isabelle Mateos y Lago , Martin Kaufman , Daouda Sembene , Tsidi Tsikata , Steve Mugerwa , Alex Segura-Ubiergo , and Jeff Chelsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063679

Keywords: expenditure, conditionality, poverty reduction strategy, expenditures, macroeconomic framework

The Poverty Reduction Strategy (PRS) approach consists of a series of process innovations designed to encourage broader-based participation in the development of a country-owned, lo...

Contributors »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

Contributors include only authors of papers published in this volume. Their affiliations are as of the time of the conference, December 2002. Isaac Aluko-Olokun...

11 Developments and Actions in NEPAD’s Implementation »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

The New Partnership for Africa’s Development (NEPAD) represents Africa’s response to UN Secretary-General Kofi Annan’s call at the Millennium Summit for a higher priority to achieve “the twin goals of freedo...

1 Introduction: NEPAD—A New Vision »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

What will determine the success of the New Partnership for Africa’s Development (NEPAD)? Which policies and measures envisaged under NEPAD need to receive highest priority? Who should be responsible for whic...

3 Keynote Address »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

This high-level seminar on the New Partnership for Africa’s Development (NEPAD) deals with an especially topical issue at a time when the courageous people of Africa are making enormous sacrifices to free th...

2 Opening Remarks »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

Welcoming Address, Saleh M. Nsouli On behalf of the International Monetary Fund, it is a great pleasure to welcome you to this high-level seminar on the New Partnership for Africa’s...

7 Policy Reform and Foreign Direct Investment in Africa: Absolute Progress but Relative Decline »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

Foreign direct investment (FDI) in Sub-Saharan Africa increased substantially in the 1990s. However, the rate of increase was meager compared with that in other regions. As shown in Table 7.1, for example, b...

5 Poverty and Its Eradication »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

Eradication of absolute poverty was the overarching objective of policymakers in most of the developing countries that achieved political independence after the Second World War. They were determined to corr...

6 Promoting Trade: Regional Integration and the Global Economy »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

One of the important characteristics of evolving globalization is the marked increase in world output and trade. Rapid global integration has led to significant economic expansion, notably in industrialized...

12 Summing Up: Taking Stock and Future Steps »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

This has been a fine seminar on the New Partnership for Africa’s Development (NEPAD). Since it was adopted in 2001, NEPAD has attracted worldwide interest and enthusiasm because of its new vision for Africa...

8 The NEPAD Economic and Corporate Governance Initiative: Building Institutions for Sustainable Development »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

At the summit of the Organization for African Unity held in Lusaka, Zambia, in July 2001, the African heads of state and of government adopted the New Africa Initiative, a merger of the previous Millennium P...

4 The New Partnership for Africa’s Development: Opportunities and Challenges »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

The New Partnership for Africa’s Development (NEPAD), adopted in 2001, is a pledge by African leaders to eliminate poverty and to achieve a sustainable path of growth and development on the continent. Althou...

9 The Role of Regional Institutions in Achieving NEPAD’s Goals »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

Let me start by touching upon a number of salient features of NEPAD, which the African authorities have identified as crucial for jointly addressing the growing underdevelopment of Africa. Next, I want to sh...

10 What the IMF Can Do to Support NEPAD »

Source: New Partnership for Africa's Development : Macroeconomics, Institutions, and Poverty

Series: Seminar Volumes

Author(s): Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2004

ISBN: 9781589062627

Keywords: regional integration, fdi, corporate governance, direct investment, foreign direct investment

We have already found one concrete way for the IMF to support NEPAD: bring together the people who will make it work—the politicians and officials who can encourage, design, and implement open, poverty-reduc...