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Chapter 6. Government Failure and Poverty Reduction in the CEMAC

Chapter 6. Government Failure and Poverty Reduction in the CEMAC »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

Keywords: fiscal policy, per, public investment, expenditure, fiscal stance

The countries composing the Economic and Monetary Community of Central Africa (CEMAC) have some of the lowest social indicators in the world (Table 6.1). Although the Republic of Congo (hereafter “Congo”), E...

Emerging from the Global Crisis
			: Macroeconomic Challenges Facing Low-Income Countries

Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries »

Volume: 11

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2011

DOI: http://dx.doi.org/10.5089/9781616350734.087

ISBN: 9781616350734

Keywords: Economic growth, Low-income developing countries, Global Financial Crisis 2008-2009, public debt, current account, fiscal policy, exchange rate, current account deficits

Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer coun...

Emergence of the Gulf of Guinea in the Global Economy

Emergence of the Gulf of Guinea in the Global Economy »

Source: Emergence of the Gulf of Guinea in the Global Economy : Prospects and Challenges

Volume/Issue: 2005/235

Series: IMF Working Papers

Author(s): Damian Ondo Mañe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862546

Keywords: Natural Resource Curse, Fiscal Policies, Institutional Quality, gas, natural gas, gas production, gas flaring, gas sector, Development Planning and Policy, Economywide Country Studies

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others,...

The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries1

The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries1 »

Source: The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries

Volume/Issue: 2010/205

Series: IMF Working Papers

Author(s): Chris Papageorgiou , Andrew Berg , Catherine Pattillo , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205363

Keywords: Global financial crisis, low-income countries, medium- and long-term growth, impulse response functions, growth spells, panel growth regressions, terms of trade, pre-crisis, post-crisis growth, exchange rate regime

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis,...

Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis1

Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis1 »

Source: Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis

Volume/Issue: 2009/10

Series: IMF Staff Position Notes

Author(s): Shamsuddin Tareq , Andrew Berg , Victor Lledo , Antonio Spilimbergo , Rolando Ossowski , Irene Yackovlev , Norbert Funke , Alejandro Hajdenberg , and Martin Schindler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 May 2009

ISBN: 9781462335404

Keywords: Emerging markets, Financial crisis, Cross country analysis, Commodities, Commodity price fluctuations, Developing countries, Infrastructure, Government expenditures, Fiscal policy, Social safety nets

...

17 Foreign Aid and Consumption Smoothing: Evidence from Global Food Aid

17 Foreign Aid and Consumption Smoothing: Evidence from Global Food Aid »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction The debate on aid effectiveness has largely focused on the impact of aggregate “development assistance” on economic growth or economic development more broadly (Easte...

Global Aging and Fiscal Policy with International Labor Mobility

Global Aging and Fiscal Policy with International Labor Mobility »

Source: Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective

Volume/Issue: 2005/140

Series: IMF Working Papers

Author(s): Mehmet Tosun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861594

Keywords: population aging, overlapping generations, endogenous fiscal policy, international labor mobility, international capital mobility, aging, labor mobility, social security, labor migration, Economic Growth of Open Economies

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the politic...

Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis

Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis »

Volume/Issue: 2009/10

Series: IMF Staff Position Notes

Author(s): Shamsuddin Tareq , Andrew Berg , Victor Lledo , Antonio Spilimbergo , Rolando Ossowski , Irene Yackovlev , Norbert Funke , Alejandro Hajdenberg , and Martin Schindler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 May 2009

DOI: http://dx.doi.org/10.5089/9781462335404.004

ISBN: 9781462335404

Keywords: Emerging markets, Financial crisis, Cross country analysis, Commodities, Commodity price fluctuations, Developing countries, Infrastructure, Government expenditures, Fiscal policy, Social safety nets

...

The International Financial Crisis and Global Recession
			: Impact on the CEMAC Region and Policy Considerations

The International Financial Crisis and Global Recession : Impact on the CEMAC Region and Policy Considerations »

Volume/Issue: 2009/20

Series: IMF Staff Position Notes

Author(s): Dimitre Milkov , Rafael Portillo , Plamen Iossifov , and John Wakeman-Linn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2009

DOI: http://dx.doi.org/10.5089/9781455255252.004

ISBN: 9781455255252

Keywords: Emerging markets, Global financial crisis, policy response, cost containment, CEMAC, fiscal policy, fiscal sustainability, monetary policy, foreign exchange, exchange rate

The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the response of CEMA...

Emergence of the Gulf of Guinea in the Global Economy
			: Prospects and Challenges

Emergence of the Gulf of Guinea in the Global Economy : Prospects and Challenges »

Volume/Issue: 2005/235

Series: IMF Working Papers

Author(s): Damian Ondo Mañe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

DOI: http://dx.doi.org/10.5089/9781451862546.001

ISBN: 9781451862546

Keywords: Natural Resource Curse, Fiscal Policies, Institutional Quality, gas, natural gas, gas production, gas flaring, gas sector, Development Planning and Policy, Economywide Country Studies

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others,...