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Social Science > Poverty and Homelessness

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Cover IMF Staff Country Reports
Central African Republic: Poverty Reduction Strategy Paper: Preparation Status Report: Joint Staff Advisory Note
International Monetary Fund
The status report on the Poverty Reduction Strategy Paper (PRSP) of the Central African Republic showed substantial progress. IMF staff welcomed peace and security consolidation and strong macroeconomic framework under the economic program. They emphasized the need for strengthening the linkages between some of the sectoral and national strategies. They stressed the need for a strategy for monitoring and evaluation of the system, and financing to implement the strategy. They concur that success of the PRSP will be a challenge amidst security issues and financial constraints.
Keywords:
ISCR; CR; Poverty ReductionStrategy Paper; preparation progress status report; constraint; objectives inthe PRSP; draft PRSP; preparation process; poverty reduction strategy paper; Poverty reduction strategy; Capacity utilization; Macro-fiscal framework; Concessional external borrowing
Cover Sustaining and Accelerating Pro-Poor Growth in Africa
Sustaining and Accelerating Pro-Poor Growth in Africa
Mr. Kevin J Carey
,
Mr. Sanjeev Gupta
, and
Ms. Catherine A Pattillo

Abstract

Growth in sub-Saharan Africa has recently shown signs of improvement, but is still short of levels needed to attain the Millennium Development Goals. Economists have placed increasing emphasis on understanding the policies that promote sustained jumps in medium-term growth, and the paper applies this approach to African countries. The evidence presented finds an important growth-supporting role for particular kinds of institutions and policies, but also highlights aspects of growth that are still not well understood. The paper includes policy guidance for ensuring that the poor benefit from growth.

Keywords:
ISI; SI; country; policy; growth rate; Dem. rep.; sub-Saharan Africa data; conflict country; World Bank's country policy; sub-Saharan Africa country; growth opportunity; country case studies; Income inequality; Poverty reduction; Total factor productivity; Inclusive growth; Sub-Saharan Africa; Africa; Global; growth in sub-Saharan Africa
Cover IMF Working Papers
Foreign Aid Policy and Sources of Poverty: A Quantitative Framework
Mr. Alex Mourmouras
and
Mr. Peter Rangazas
The econometric literature has been unable to establish a robust association between foreign aid and growth and poverty reduction. In this paper we argue that aid effectiveness must be assessed using methods that go beyond cross-country regressions. We calibrate a dynamic general equilibrium model that is capable of generating large income gaps between rich and poor countries. The model quantifies three sources of poverty: (i) lack of access to international capital, (ii) low schooling and high fertility (a poverty trap), and (iii) antigrowth domestic fiscal policy. We analyze policies designed to address each source of poverty and estimate and compare the aid cost of implementing the different policies. The policies differ dramatically in the extent and timing of their growth effects, and in the aid cost of their implementation.
Keywords:
WP; open economy; poverty trap; foreign aid policy; growth; poverty; schooling; fertility; capital mobility; worker productivity; fiscal policy difference; productivity variable; physical capital difference; B. worker productivity difference; worker productivity difference; physical capital accumulation; productivity gap; anti-growth fiscal policy; spreads saving; fiscal policy reform; saving flow; Capital productivity; Productivity; Africa; Global
Cover IMF Survey
IMF Survey, Volume 31, Issue 13
International Monetary Fund. External Relations Dept.
Leaders of the Group of Eight countries gathered in Kananaskis, Canada, June 26–27, for a summit that focused on terrorism, the global economy, and building a new partnership for Africa’s development. It was their first meeting since the terrorist attacks of September 11. It was announced that Russia, which since 1997 has participated in summit meetings with the Group of Seven immediately following the annual G-7 summits, and which this year participated more fully as a member of the summit group, will in 2006 assume the presidency of the G-8 and host the summit. The June 2003 summit will be held in France.
Keywords:
SV; IMF's website; IMF mission; Horst Köhler; Stand-By credit; SDR; IMF staff country; continued access; IMF publication service; Fiscal consolidation; Exports; Productivity; Government debt management; Africa; Global; Asia and Pacific; Sub-Saharan Africa; South America; West Africa