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Middle East and Central Asia > Uzbekistan, Republic of

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  • Type: Journal Issue x
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Cover IMF Staff Country Reports
Republic of Uzbekistan: Selected Issues
International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper discusses key channels by which fiscal consolidation impacts short- and medium-term growth, examines the international experience on how to make fiscal consolidation more growth friendly, and analyzes policy implications for Uzbekistan. A large part of the adjustment is implemented with high-quality efficiency-enhancing measures: reducing energy subsidies, improving the targeting of social spending, and curbing policy lending. The World Bank Public Expenditure Review notes that nonwage spending in health and education is low and crowded out by high wage bills, which have been growing in recent years as efforts to improve pay in these areas were implemented. This points to the need to review the adequacy of nonwage spending in these sectors and undertake wage bill rationalization more broadly since these are large sectors of public employment. In the specific case of health spending, consideration should be given to strengthening primary care and introducing task-shifting which will lead to greater efficiency from health wage bill expenditure by shifting its composition over the medium term. Unify the public investment process irrespective of the financing source; create a unified appraisal and selection process; establish a single project pipeline; and improve project monitoring and evaluation to increase public investment efficiency.
Keywords:
market regulation; privatizing state enterprises; impact of fiscal consolidation; channels of impact; government data; Fiscal consolidation; Corruption; Global; Central Asia and the Caucasus; Asia and Pacific
Cover Improving Governance and Fighting Corruption in the Baltic and CIS Countries
Improving Governance and Fighting Corruption in the Baltic and CIS Countries
The Role of the IMF
International Monetary Fund

Abstract

Drawing on recent examples of corruption in the Baltics and former Soviet Union, this pamphlet analyzes the links between governance and corruption, and emphasizes the high economic cost that corruption exacts. The pamphlet outlines how the IMF is working with the countries of the former Soviet Union to curb corruption, and put in place the regulatory and legal changes needed to support good government.

Keywords:
EI; state; enterprise; governance; state energy company; textile plant; CIS country; country self-assessments; governance problem; government transparency; accountancy firm; Corruption; Baltics
Cover Japan Administered Account for Selected IMF Activities (JSA) -- Annual Report Fiscal Year 2003
Japan Administered Account for Selected IMF Activities (JSA) -- Annual Report Fiscal Year 2003
International Monetary Fund

Abstract

This paper discusses Fiscal Year 2003 Annual Report for Japan Administered Account for Selected IMF Activities (JSA). The report consists of a brief description of the IMF and its activities, with a particular focus on its technical assistance activities. It provides greater detail with regard to the JSA and the scholarship programs. It also describes the objectives, size and scope, and use with a focus on fiscal year 2003. The report highlights that in FY2003, JSA financing accounted for 18 percent of total IMF technical assistance, 33 percent of the assistance delivered in the field, and 66 percent of the total external financing.

Keywords:
MISC RPT; MISC; structural adjustment program; Japan's contribution; IMF's technical assistance; policy dialogue; IMF headquarters; Financial sector; Multilateral development institutions; Commercial banks; Fiscal reporting; Asia and Pacific; Central Asia; Africa; Global; Central and Eastern Europe
Cover IMF Working Papers
Improving Governance and Fighting Corruption in the Baltic and CIS Countries: The Role of the IMF
Emine Gürgen
and
Mr. Thomas A. Wolf
This paper examines the indirect role the IMF plays in combating corruption in the Baltic and CIS countries by promoting structural reforms that help improve economic governance and thus reduce opportunities for rent-seeking behavior. The analysis draws on examples of actual experience with corruption and outlines some of the structural measures under IMF-supported arrangements, which, if successfully implemented, can be expected to help gradually alleviate corruption. It also summarizes IMF-wide initiatives under way to strengthen public sector transparency and accountability, and highlights the key structural areas likely to receive emphasis in the IMF’s future policy advice to countries in the region.
Keywords:
WP; administration; country; authority; economy; CIS country; Governance; corruption; transition; Baltic; CIS; IMF; country self-assessments; enterprise operation; macroeconomic adjustment; government transparency; state energy company; Commercial banks; Civil service reform; Privatization; Baltics