Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498312047
Total Pages : 29 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo by : Mr.Giovanni Melina

Download or read book Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo written by Mr.Giovanni Melina and published by International Monetary Fund. This book was released on 2019-06-03 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The paper acknowledges the authorities’ anti-corruption efforts made so far and proposes further critical reforms to reduce remaining vulnerabilities. Using a dynamic stochastic general equilibrium model results show that, depending on the reforms adopted, the potential additional growth can range between 0.8 to 1.8 percent per year over the next 10 years, and debt can decline by 2.25 to 3 percent of GDP per year over the same period. These results suggest that macrofiscal gains from anti-corruption reforms could be substantial even under conservative reform scenarios.

Republic of Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513508547
Total Pages : 175 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Republic of Congo by : International Monetary Fund. African Dept.

Download or read book Republic of Congo written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-07-24 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Republic of Congo’s Review Under the Extended Credit Facility (ECF). The Republic of Congo’s ECF program supports the authorities’ efforts to restore fiscal sustainability and rebuild regional reserves while improving governance and protecting vulnerable groups. The Congolese authorities have stepped up efforts in 2018 and 2019 to address the economic crisis and the associated governance challenges. The ECF-supported program aims to help the Republic of Congo restore macroeconomic stability, including debt sustainability, and lay the foundations for higher and more inclusive growth. It also seeks to improve governance to achieve greater efficiency and transparency in the management of public resources, especially in the oil sector. The Fund-supported program is expected to contribute positively to the regional strategy and stability efforts of the Central African Economic and Monetary Union. The report also highlights that it is key to promote the productivity of factor inputs by increasing investments in human capital.

Good Governance in Sub-Saharan Africa

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Publisher : International Monetary Fund
ISBN 13 : 1513584057
Total Pages : 348 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Good Governance in Sub-Saharan Africa by : Ms. Monique Newiak

Download or read book Good Governance in Sub-Saharan Africa written by Ms. Monique Newiak and published by International Monetary Fund. This book was released on 2022-03-18 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance and corruption issues have taken the center stage in international discussions, especially after the adoption by the IMF in 2018 of a new framework for engagement on governance and corruption. Sound institutions that guarantee integrity in the management of public affairs are critical on the path toward higher and more inclusive growth. Corruption undermines the quality of institutions, weakens the effectiveness of government programs, and compromises social trust in government policies. Indeed, countries around the world that improved their governance systems are reaping a “governance dividend,” and governance-enhancing reformist countries in sub-Saharan Africa include Botswana, Rwanda, and Seychelles. In addition, Liberia, Sierra Leone, and Angola demonstrate that important reforms are possible, including in fragile environments. The importance of good governance has acquired even more importance as countries try to introduce policies to fight the ongoing COVID-19 pandemic. Special attention to governance in an emergency context, including situations associated with conflict, other health crises and natural disasters, is therefore essential. Innovation and new technologies are critical instruments that policymakers can use in their efforts to improve governance and transparency.

Well Spent

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Publisher : International Monetary Fund
ISBN 13 : 1513511815
Total Pages : 344 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Well Spent by : Mr.Gerd Schwartz

Download or read book Well Spent written by Mr.Gerd Schwartz and published by International Monetary Fund. This book was released on 2020-09-03 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Corruption, Sustainable Development and Security Challenges in Africa

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Author :
Publisher : Springer Nature
ISBN 13 : 3031322290
Total Pages : 244 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Corruption, Sustainable Development and Security Challenges in Africa by : Kempe Ronald Hope, Sr.

Download or read book Corruption, Sustainable Development and Security Challenges in Africa written by Kempe Ronald Hope, Sr. and published by Springer Nature. This book was released on 2023-09-07 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on Africa’s development performance and dynamics arising from the interface between corruption and sustainable development on the one hand and the challenges that poses for peace, security and stability. Corruption also contributes to the spread of terrorism and violent extremism. Pervasive corruption networks often include politicians, civil servants working at all levels of state institutions, representatives of the private sector and members of crime syndicates. The consequences of corruption are detrimental in many aspects, such as undermining governments’ ability to serve public interests and eroding public trust in democratic processes. Presenting empirical evidence, the book explains why corruption and the looting of staggering amounts of national assets undermine the achievement of the Sustainable Development Goals (SDGs) and has a negative impact on peace, stability, security, the rule of law, gender equality, the environment and human rights. This makes the book a must-read for students, researchers and scholars of political science, international relations, and economics in general, as well as African studies, development studies, and security sector studies in particular, covering issues and themes on corruption, governance, socio-economic sustainable development, public administration and management, policing in an international context, police reform, and security sector reform. It will also serve as a helpful resource for policy-makers interested in a better understanding of the connection between corruption, sustainable development, and security challenges in Sub-Saharan Africa.

Progress In Implementing The Framework For Enhanced Fund Engagement On Governance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513550292
Total Pages : 47 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Progress In Implementing The Framework For Enhanced Fund Engagement On Governance by : International Monetary Fund

Download or read book Progress In Implementing The Framework For Enhanced Fund Engagement On Governance written by International Monetary Fund and published by International Monetary Fund. This book was released on 2020-07-15 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an interim update on implementation of the 2018 Framework for Enhanced Fund Engagement on Governance. This update is in advance of a comprehensive formal review of the Framework scheduled for mid-2021.

Gabon

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Publisher : International Monetary Fund
ISBN 13 : 1513524488
Total Pages : 65 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Gabon by : International Monetary Fund. African Dept.

Download or read book Gabon written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-12-23 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues on Gabon seeks to quantify the impact of governance reforms on growth. It uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt. Vulnerabilities in the fiscal institutional framework constrain effective revenue collection and reduce the efficiency of public spending, thus limiting fiscal space for priority pro-growth spending. The results of a DSGE model for Gabon suggest that macro-fiscal gains from governance reforms could be substantial. The potential additional growth can range from 0.8 to 1.5 percent per year over the next 10 years, and debt can decline by 1.0 to 2.0 percent of non-oil gross domestic product per year over the same period. It is urgent to improve governance and curb corruption to boost domestic revenue, enhance public finance management and the quality of spending, and improve the business environment to promote private investment and facilitate private sector activity.

The Measurement and Macro-Relevance of Corruption: A Big Data Approach

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Author :
Publisher : International Monetary Fund
ISBN 13 : 148437309X
Total Pages : 72 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Measurement and Macro-Relevance of Corruption: A Big Data Approach by : Sandile Hlatshwayo

Download or read book The Measurement and Macro-Relevance of Corruption: A Big Data Approach written by Sandile Hlatshwayo and published by International Monetary Fund. This book was released on 2018-08-31 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corruption is macro-relevant for many countries, but is often hidden, making measurement of it—and its effects—inherently difficult. Existing indicators suffer from several weaknesses, including a lack of time variation due to the sticky nature of perception-based measures, reliance on a limited pool of experts, and an inability to distinguish between corruption and institutional capacity gaps. This paper attempts to address these limitations by leveraging news media coverage of corruption. We contribute to the literature by constructing the first big data, cross-country news flow indices of corruption (NIC) and anti-corruption (anti-NIC) by running country-specific search algorithms over more than 665 million international news articles. These indices correlate well with existing measures of corruption but offer additional richness in their time-series variation. Drawing on theory from the corporate finance and behavioral economics literature, we also test to what extent news about corruption and anti-corruption efforts affects economic agents’ assessments of corruption and, in turn, economic outcomes. We find that NIC shocks appear to negatively impact both financial (e.g., stock market returns and yield spreads) and real variables (e.g., growth), albeit with some country heterogeneity. On average, NIC shocks lower real per capita GDP growth by 3 percentage points over a two-year period, illustrating persistence in the effect of such shocks. Conversely, there is suggestive evidence that anti-NIC efforts appear to have a sustained positive macro impact only when paired with meaningful institutional strengthening, proxied by capacity development efforts.

Republic of Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475505981
Total Pages : 433 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Republic of Congo by : International Monetary Fund

Download or read book Republic of Congo written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-14 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: The government of the Republic of Congo launched a program aimed at consolidating peace and promoting economic and social development. The objectives included improvement of governance and consolidation of peace and security, promotion of growth and macroeconomic stability, improvement of public access to basic social services, improvement of the social environment, integration of disadvantaged groups, and combating HIV/AIDS. The review shows that much remains to be accomplished, and building on the significant gains of recent years, the decision to expand and strengthen the strategic poverty reduction framework was made.

Democratic Republic of the Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 115 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Democratic Republic of the Congo by : International Monetary Fund. African Dept.

Download or read book Democratic Republic of the Congo written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-05 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth has remained strong and resilient, fueled by expanding mining activity. However, the escalation of the armed conflict in Eastern DRC is having major negative humanitarian effects and weighed on public finances; upcoming elections, scheduled at the end of 2023, are also adding to uncertainty. Since the last review, the government’s revenue shortfalls and rapid spending contributed to a deterioration of the external balance, excess domestic currency liquidity, exchange rate depreciation, and persistent inflation.

Resilience of an African Giant

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821389092
Total Pages : 143 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Resilience of an African Giant by : Johannes Herderschee

Download or read book Resilience of an African Giant written by Johannes Herderschee and published by World Bank Publications. This book was released on 2011-10-05 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of an effective state, a reliable infrastructure, and a dynamic private sector has long been hampered by political economy obstacles in the Democratic Republic of Congo. Resilience of an African Giant identifies these obstacles, which prevent the country from realizing its economic potential as the second-largest country in Sub-Saharan Africa, and outlines how they can be—and in some cases have been—overcome. Four instruments that have been used to boost economic development in the past and that can contribute to more development in the future are explored in the book: coordination among those who control or influence policy, application of new technologies, leveraging of external anchors, and development of social accountability networks. This book pulls together an impressive body of research on the exemplary transition of a country from a state of conflict to a post-conflict situation, and from there toward becoming a country with legitimate institutions created by free, democratic, and transparent elections.… I therefore wholeheartedly recommend it to all who are interested in development, particularly to policy makers in my country, as well as its partners.

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513532839
Total Pages : 66 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe by : Mr.Bernardin Akitoby

Download or read book Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe written by Mr.Bernardin Akitoby and published by International Monetary Fund. This book was released on 2020-05-11 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities.

Democratic Republic of the Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484313186
Total Pages : 122 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Democratic Republic of the Congo by : International Monetary Fund. African Dept.

Download or read book Democratic Republic of the Congo written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-07-23 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Republic of Congo

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451951965
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Republic of Congo by : International Monetary Fund

Download or read book Republic of Congo written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-02-25 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues Paper for the Republic of Congo discusses economic development and policies. Domestic prices of refined petroleum products are administratively set by the authorities below import parity. Non-oil revenue in 2007 has remained about 20 percent of non-oil GDP, compared with overall fuel subsidies of about 8.3 percent of non-oil GDP. The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.

Democratic Republic of the Congo: Request for a Three-Year Arrangement Under the Extended Credit Facility; Review of Performance Under the Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Congo

Download Democratic Republic of the Congo: Request for a Three-Year Arrangement Under the Extended Credit Facility; Review of Performance Under the Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Congo PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513588737
Total Pages : 120 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Democratic Republic of the Congo: Request for a Three-Year Arrangement Under the Extended Credit Facility; Review of Performance Under the Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Congo by : International Monetary

Download or read book Democratic Republic of the Congo: Request for a Three-Year Arrangement Under the Extended Credit Facility; Review of Performance Under the Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of Congo written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-28 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Democratic Republic of the Congo (DRC) is a fragile state and vulnerable to recurrent shocks. Relations with the Fund have been quite active since early 2019, with a Staff Monitored Program (SMP) coupled with a Rapid Credit Facility (RCF) disbursement in December 2019 and a second RCF disbursement in April 2020 to respond to the COVID-19 crisis. Economic activity decelerated sharply in 2020 because of the crisis and reserves decreased to less than two weeks of imports. President Tshisekedi requested a three-year Extended Credit Facility (ECF) arrangement to support his medium-term reform program.

World Development Report 2011

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821384392
Total Pages : 417 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis World Development Report 2011 by :

Download or read book World Development Report 2011 written by and published by World Bank Publications. This book was released on 2011-05-26 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapporten undersøger forandringen i voldelige konflikter i det 21. århundrede og fremhæver de negative påvirkninger, som gentagne voldshandlinger har haft på lande og regioners udviklingsmuligheder.

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464800030
Total Pages : 307 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Dealing with the Challenges of Macro Financial Linkages in Emerging Markets by : Otaviano Canuto

Download or read book Dealing with the Challenges of Macro Financial Linkages in Emerging Markets written by Otaviano Canuto and published by World Bank Publications. This book was released on 2013-10-29 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the challenges of macro financial linkages in the emerging markets.