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Political Science > Agriculture & Food Policy

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Fiscal policy x
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Cover IMF Staff Country Reports
Belize: Selected Issues
International Monetary Fund. Western Hemisphere Dept.
This Selected Issue paper documents the recent episode of food inflation and food insecurity in Belize. The paper also overviews what policies were announced in Belize and the Caribbean during the recent cost-of-living crisis; and discusses the policies Belize could implement to protect its most vulnerable households from the threat of food insecurity going forward. It discusses the appropriate policies to protect vulnerable households from food price inflation going forward based on economic theory and best practices and estimates how much it would cost the government of Belize to protect the vulnerable population against a rise in food prices like the one in 2022. The authorities should evaluate the impact of the recent policy that regulates mark-ups on essential goods by wholesale and retail operators when they have sufficient data. The limits on the mark-up for 32 essential goods were introduced to limit the increase in food prices and avoid monopolistic practices.
Keywords:
food inflation; staff ream; debt target; cost of living crisis; B. food inflation; food inflation in Belize; price signals work; Food prices; Food security; Inflation; Fiscal stance; Caribbean; Global
Cover IMF Staff Country Reports
Central African Economic and Monetary Community: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director
International Monetary Fund. African Dept.
This paper presents Central African Economic and Monetary Community’s (CEMAC) IMF Staff report on Common Policies of Member Countries and Common Policies in Support of Member Countries Reform Programs. The positive terms-of-trade shock amidst the fallout from Russia’s war in Ukraine has broadly benefited CEMAC, reinforcing its external position and gradual post-pandemic recovery. Regional authorities tightened monetary policy and normalized prudential regulation in 2022, while continuing to advance the reform agenda. Global inflation pressures have passed through to domestic prices, putting pressure on real incomes. Rebuilding buffers and sustaining a recovery that protects the most vulnerable will require stricter adherence to budget and reform plans consistent with IMF-supported programs and policy advice; this will ensure that part of the oil windfall is saved. Implementation of these policies in current favorable conditions is critical to strengthening resilience in the face of rising risks, including most notably to food security, debt vulnerabilities, and tightening of global financial conditions. A prudent management of the oil windfall and faster progress on deep structural and governance reforms are pivotal for laying the foundations for a more diversified, inclusive, and sustainable growth.
Keywords:
CEMAC authorities; IMF article; CEMAC country; consultation discussion; CEMAC member country; Oil prices; Inflation; Fiscal stance; Liquidity; Global
Cover IMF Staff Country Reports
Malawi: Staff Report for the 2004 Article IV Consultation
International Monetary Fund
This 2004 Article IV Consultation highlights that Malawi's real GDP grew by an annual average of 3 percent in 2002–03. Agricultural production rebounded from the drought in 2001, but the 2004 harvest was affected by a drought. Macroeconomic imbalances, high interest rates, and infrastructure constraints have adversely affected the non-agricultural economy. Malawi’s performance under the Poverty Reduction and Growth Facility (PRGF) arrangement, approved in December 2000, was disappointing. The authorities have requested IMF staff to monitor their economic program to establish a track record that could lead to a new PRGF arrangement.
Keywords:
ISCR; CR; exchange rate; inflation; Malawi; budget; current account; product marketing company; government restructuring; debt relief; budget discipline; broad money; Debt relief; Budget planning and preparation; Food security; Southern Africa
Cover IMF Staff Country Reports
Lesotho: Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria
International Monetary Fund
This paper assesses Lesotho’s Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho’s economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government’s strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
Keywords:
ISCR; CR; authority; PRGF arrangement; PRGF loan; PRGF-supported program; expenditure management systems; National Vision program; authorities' memorandum; Budget planning and preparation; Current spending; Africa