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Social Science > Poverty and Homelessness

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

  • Type: Journal Issue x
  • Agricultural and Natural Resource Economics; Environmental and Ecological Economics: General x
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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
Guinea-Bissau: Joint Staff Advisory Note on the Second Poverty Reduction Strategy Paper
International Monetary Fund
This paper presents the Joint Staff Advisory Note on Guinea-Bissau’s Second National Poverty Reduction Strategy Paper (PRSP II) covering 2011–15. The PRSP II, adopted by the government in July 2011, provides the framework for the implementation of a comprehensive strategy aimed at consolidating macroeconomic stabilization and strengthening recent improvements in economic governance. Its successful implementation would help the country enhance its economic growth conditions, strengthen the rule of law, and accelerate progress toward the achievement of the Millennium Development Goals.
Keywords:
ISCR; CR; PRSP II; cooperating partner; II policy; government address personnel management; II note; II program; II strategy; government plan; II priority; demonstrated commitment; forthright assessment; candid assessment; Natural resources; Africa; Global; West Africa
Cover IMF Working Papers
Ghana: Will it Be Gifted or Will it Be Cursed?
Burcu Aydin
Will Ghana’s oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in living standards through a possible "resource curse"? This paper examines the likelihood of "resource curse" effects, drawing on a dataset of 150 low and middle income countries from 1973 to 2008 using static and dynamic panel estimation techniques. Results confirm that resource rich countries in Ghana’s income range do experience slower growth than their more diversified peers, an effect that appears to be related to weaker governance. Provided that Ghana can preserve and improve its economic governance and also strengthen fiscal management, prospects look good for converting its oil wealth into sustained strong economic growth.
Keywords:
WP; poverty trap; Ghana; growth; resource-rich; panel data; coefficient estimate; resource curse; oil wealth; per capita income; panel estimation method; Natural resources; Personal income; Terms of trade; Fiscal stance; Global; Middle East; Africa