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Business and Economics > Investments: Stocks

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Tanzania, United Republic of x
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Cover IMF Working Papers
Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method
Ms. Monique Newiak
and
Tim Willems
We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, “PSIs”). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck – thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.
Keywords:
WP; adverse selection; absolute value; International Monetary Fund; Program-evaluation; Economic growth; Inflation; Investment; IMF operations; IMF loan-participation rate; treatment effect; IMF's executive board; PSI review; traditional IMF program; structural adjustment; causal effect of IMF-program; effectiveness of IMF-program; adoption of an IMF-program; types of IMF-engagement; Stocks; Consumer price indexes; Sub-Saharan Africa
Cover IMF Staff Country Reports
United Republic of Tanzania: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper discusses the potential fiscal impact of a large-scale gas project and explores aspects of macro-fiscal management of the associated revenue flow. The chapter also provides background and context focusing on recent offshore natural gas discoveries. The paper also describes features of the current petroleum fiscal regime in Tanzania and will present tentative simulations of the fiscal impact of a potential gas project. A string of natural gas discoveries in Tanzania’s deep offshore waters have generated considerable expectations. The outlook for natural gas in Tanzania is positive, albeit still highly uncertain. If major revenues are obtained and put to fruitful use, they could have a transformational impact on the economy. At the same time, expectations need to be tempered by the remaining uncertainty about the eventual size of the gas resources; no company has yet made a final investment decision involving the deep offshore gas reserves. This uncertainty will hopefully diminish in the next few years.
Keywords:
ISCR; CR; revenue; equity; cost; expenditure; Tanzania; gas revenue; revenue flow; aggregate revenue impact; revenue collection; LNG project; Natural gas sector; Production sharing; Stocks; Income and capital gains taxes; Asia and Pacific; Global
Cover External Debt and Capital Flight in Sub-Saharan Africa
External Debt and Capital Flight in Sub-Saharan Africa

Abstract

Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.

Keywords:
BOOK; debt; flight of capital; foreign exchange; structural adjustment; debt problem; capital flight estimate; Capital outflows; Debt burden; Debt service; Sub-Saharan Africa; Africa; Global; East Asia; North Africa; Caribbean