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Western Hemisphere > Argentina

You are looking at 1 - 7 of 7 items for :

  • Type: Journal Issue x
  • Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out x
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Cover IMF Survey
IMF Survey, Volume 30, Issue 17
International Monetary Fund. External Relations Dept.
Stanley Fischer, IMF First Deputy Managing Director for the past seven years, stepped down from his position at the end of August. Fischer was appointed in 1994 to an initial five-year term and to a second term in 1999. He was previously the Killian Professor and head of the Department of Economics at the Massachusetts Institute of Technology. From 1988 to 1990, he served as Vice President for Development Economics and Chief Economist at the World Bank. Fischer recently spoke with the IMF Survey about his experience at the IMF and the changes he has witnessed during his tenure.
Keywords:
SV; IMF Treasurer's Department; background color; sc; center; IMF staff country; IMF press release No. 01/35; IMF survey; IMF News Brief No. 01/77; Privatization; Offshore financial centers; Moral hazard; International capital markets; Global; Africa; Europe; Caribbean
Cover Fiscal and Macroeconomic Impact of Privatization
Fiscal and Macroeconomic Impact of Privatization
Mr. Jeffrey M. Davis
,
Mr. Thomas J Richardson
,
Mr. Rolando Ossowski
, and
Mr. Steven A Barnett

Abstract

Privatization has been a key element of structural reform in many developing and transition economies during the last decade. This paper examines the fiscal and macroeconomic issues involved in the privatization of nonfinancial public enterprises in these economies. It considers issues such as the factors determining the proceeds from privatization and the amount accruing to the budget, the uses of proceeds, the impact of privatization on the budget and macroeconomic aggregates, and the privatization component of IMF-supported programs. The empirical evidence draws on case study countries that reflect geographical diversity and are representative of a range of privatization experience in developing and transition economies.

Keywords:
OP; privatization proceeds; proceeds; government; privatization receipt; privatization process; privatization transaction; bus firm; privatization revenue; Privatization; Public enterprises; Budget planning and preparation; Public sector; Tax administration core functions; Africa; Asia and Pacific
Cover IMF Staff Country Reports
Brazil: Recent Economic Developments
International Monetary Fund
This paper describes major economic developments in Brazil in 1997. A number of issues were analyzed in the paper, including the slow progress being made in the negotiation of the fiscal adjustment programs with the states, the sustainability of the growing current account deficit, as well as the strength of the banking system following macroeconomic stabilization. The paper discusses the post-Real crisis in the states and the state adjustment programs being negotiated with the federal government. Privatization and the associated foreign direct investment flows are also described.
Keywords:
ISCR; CR; state; federal government; export; central bank of Brazil; privatization proceeds; state bond; manufactured export; policy objective; Exports; Real exchange rates; Privatization; Capital adequacy requirements; Fiscal consolidation; Asia and Pacific; North America; Western Hemisphere; Europe; Central America
Cover IMF Staff Country Reports
Argentina: Recent Economic Developments
International Monetary Fund
This paper describes economic developments in Argentina during the 1990s. Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year (or by a cumulative 35 percent over the years 1991–94), after stagnating for more than a decade. At the same time, consumer price inflation, which had peaked at 3,000 percent in 1989, declined to 4 percent (average) in 1994. Gross fixed investment recovered to nearly 20 percent of GDP by 1994, reflecting a real growth rate of 22 percent a year during the period.
Keywords:
IMF data; automobile production; capital goods; legal reserve; cost of capital; Boldings of SDR; Imports; Privatization; Tariffs; Loans; Europe
Cover IMF Working Papers
Financial Sector Reforms in Eight Countries: Issues and Results
Vicente Galbis
This paper examines financial sector reforms in eight developing countries--Argentina, Bulgaria, Ecuador, Egypt, India, Kenya, Tanzania, and Uganda--and derives general lessons from their experience. The paper reviews the initial situation of these countries; describes the financial sector (and related) reforms carried out, including sequencing issues, and points out the unresolved questions; and examines the effects of reforms on monetary control and financial development, investment and growth and the efficiency of financial intermediation. The main recommendations are the need to persevere with macroeconomic stabilization through indirect monetary policy instruments, and the need to substantially strengthen prudential regulation and supervision and restructure and privatize or liquidate ailing financial institutions.
Keywords:
WP; central bank; exchange rate; monetary policy; private sector; money market; market economy; adjustable peg; State trading; term-lending institutions; state bank; finance corporation; money stock; authorities time; supervisory authorities; interest rate liberalization; State dirigit economy; government balance; Financial sector reform; Monetary policy instruments; Financial sector; Commercial banks; Privatization
Cover IMF Working Papers
Tax Farming: A Radical Solution for Developing Country Tax Problems?
Mr. Peter Stella
Systemic tax administration problems in many developing countries have led to a search for radical solutions. One such proposed solution is tax farming. Tax farming is a system wherein the right to collect taxes is auctioned off to the highest bidder. An analysis of the historical experience with tax farming shows that its purported administrative efficiency is largely illusory. While certain aspects of tax administration may be suitable for privatization, the classic form of tax farming would appear to have little attraction for a modern state concerned with justice and equity.
Keywords:
WP; tax farming; government salary schedule; credit problem; government collection; tax collector; government relationship; government's objective; Agricultural tax; Tax collection; Tax administration core functions; Tax law; Loans; North Africa
Cover Finance & Development
Finance & Development, September 1988
International Monetary Fund. External Relations Dept.
This paper describes the need to improve public finance for development. The paper underscores that public finance affects aggregate resource use and, together with monetary and exchange rate policies, influences the balance of payments, the accumulation of external debt, and the inflation, interest, and exchange rates. It highlights that public spending taxes, user charges, and borrowing also affect the behavior of producers and consumers, and influence the distribution of wealth and income in any economy.
Keywords:
FD; F&D; UN commodity trade data file; enterprise; market; government; industrializing country; education indicator; COMTRADE figure; Tolal fertility rate; Privatization; Public enterprises; Inflation; Global; Asia and Pacific; Sub-Saharan Africa; Europe; Africa