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Social Science > Poverty and Homelessness

You are looking at 1 - 10 of 22 items for :

  • Type: Journal Issue x
  • Congo, Democratic Republic of the x
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Cover IMF Working Papers
Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics
Johannes Emmerling
,
Davide Furceri
,
Francisco Líbano Monteiro
,
Mr. Prakash Loungani
,
Mr. Jonathan David Ostry
,
Pietro Pizzuto
, and
Massimo Tavoni
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.
Keywords:
impulse response; effects of pandemic; list of pandemic; pandemic event; baseline estimate; impact of COVID-19; COVID-19; Greenhouse gas emissions; Income inequality; Income distribution; Global
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper focuses on macro-critical issues related to governance and corruption in Democratic Republic of the Congo (DRC). Third-party indicators suggest that governance has been poor and corruption widespread in the country. Conducting an audit of the civil service and improving the transparency of its remuneration system, simplifying tax payment processes, and merging the activities of the numerous revenue agencies would boost public efficiency and improve the business environment. Contract enforcement and protection of property rights could be enhanced by insulating the courts from external influence. Limited information on the budget annexes and special accounts and little or no oversight by the central government, Parliament, and civil society, create scope for corruption. The multiplicity of special taxes and fees, some accruing to special accounts outside the Treasury, generate opportunities for corruption and informalization of economic activity. Despite some progress in strengthening public financial management, budget execution remains deficient. The government has formalized the four stages of the expenditure chain and introduced budget commitment plans to align expenditures with revenues.
Keywords:
ISCR; CR; Congo; country; government; DRC government expenditure; bank rating; natural resource; B. government strategy; resource sector; revenue agency; curse thesis; FBNBANK DRC; Mining sector; Natural resources; Budget planning and preparation; Corruption; Global; Southern Africa; Central Africa
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper takes stock of poverty in the Democratic Republic of the Congo (DRC). Poverty has receded in the DRC over the last decade on the back of gradual stabilization in the security and political situation, strong economic growth, and sharp decline in inflationary pressures. Most social indicators also improved during the period. However, poverty remains pervasive with a level still among the highest in sub-Saharan Africa, and DRC will likely not achieve any of the Millennium Developments Goals by 2015. Policy actions should focus on fostering the development of labor-intensive sector, increasing social spending, and redirecting public resources to the poorest regions of the country.
Keywords:
ISCR; CR; Congo; budget; rate; export diversification; B. Benchmarking DRC; world development indicator; execution revenue gap; execution expenditure gap; Mining sector; Export diversification; Financial inclusion; Exports; Global; Africa; Sub-Saharan Africa; Southern Africa
Cover IMF Staff Country Reports
République démocratique du Congo : Note consultative conjointe
International Monetary Fund. African Dept.
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; government; PRSP-2; government aim; government commitment; government initiative
Cover IMF Staff Country Reports
République démocratique du Congo : document de stratégie de réduction de la pauvreté
International Monetary Fund. African Dept.
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; economic growth; natural resources; private sector; public finance; civil society
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Joint Staff Advisory Note
International Monetary Fund. African Dept.
This Joint Advisory Note on the Democratic Republic of the Congo discusses economic growth and employment-creating sectors. The agriculture and mining sectors are projected to continue their expansion, while simultaneously raising labor productivity and freeing up labor. The urban population is expected to reach 40 million by 2025, up from an estimated 24 million in 2012. Some of these urban centers will function as service centers for rural areas, but they will be increasingly integrated with international markets through formal and informal trade, partly as a result of better telecommunications. The government’s objective is to boost mining output, and the sector’s contribution to fiscal revenues requires an increase in foreign investment, an improvement in the business climate, and a strengthening of governance.
Keywords:
ISCR; CR; government; PRSP-2; government aim; government commitment; government initiative; commitment to reducing vulnerability; government leadership; government give; Infrastructure; Agroindustries; Global
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Poverty Reduction Strategy Paper
International Monetary Fund. African Dept.
This Poverty Reduction Strategy Paper on the Democratic Republic of Congo discusses economic policies and development. The macroeconomic and budget framework has been developed to take into account the effects of sectoral policies to maintain macroeconomic stability, a necessary condition for laying the foundation of economic growth and poverty reduction. It is based on the profile of public spending, the assessment of costs for achieving the Millennium Development Goals by 2020, and the sector-based economic growth theories taking into account the uncertainties of the international environment and the real potential of the Congolese economy. It is found that it allows for a realistic programming of public spending while highlighting the main budgetary choices proposed by the government.
Keywords:
ISCR; CR; economic growth; natural resources; private sector; public finance; civil society; financial crisis; job creation; economic policy; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
Republic of Congo: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
International Monetary Fund
This note reviews the Republic of Congo’s Poverty Reduction, Growth and Employment Strategy Paper (PRSP). PRSP outlines a comprehensive framework for the reduction of poverty and emphasizes diversifying the economy to generate employment, provide social services and reduce the vulnerability of its citizens, and strengthen good governance. It can be further strengthened by setting clear, realistic targets, prioritizing and sequencing goals and plans to achieve those goals, and creating systems for monitoring and evaluating the specific projects undertaken.
Keywords:
ISCR; CR; PRSP-2; staff; government; natural resource; poverty report; trends assessment; management framework; poverty trends assessment; staffs caution; poverty diagnostic; poverty comparison; Infrastructure; Poverty reduction strategy; Sub-Saharan Africa; Central Africa; Africa
Cover IMF Staff Country Reports
République démocratique du Congo: Rapport de mise en œuvre de la stratégie de croissance et de réduction de la pauvreté — Note consultative conjointe
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; government; DRC government; Congo; government strategy; government intervention
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Poverty Reduction Strategy Paper-Progress Report-Joint Staff Advisory Note
International Monetary Fund
Congo’s first full Poverty Reduction and Growth Strategy underpinned the economic policy during a particularly challenging transitional period. The difficulty is in implementing the program in a rapidly evolving institutional environment. Developments during recent years demonstrate Congo’s capacity for growth and poverty alleviation if the right incentives are provided. Developments during the last year also indicate the government’s commitment to address the key issues, even in the face of significant political challenges. The government’s response to short-term concerns builds on a compelling vision of long-term development.
Keywords:
ISCR; CR; government; DRC government; Congo; government strategy; government intervention; government priority; government review; Poverty reduction; Agricultural sector; Global