Macro Fiscal Management Practices In Eastern And Southern Africa
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Macro Fiscal Management Practices In Eastern And Southern Africa
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Author : Bryn Battersby
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-05
Macro Fiscal Management Practices In Eastern And Southern Africa written by Bryn Battersby and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-05 with Business & Economics categories.
This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.
Strengthening Debt Management Practices Lessons From Country Experiences And Issues Going Forward
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2007-03-27
Strengthening Debt Management Practices Lessons From Country Experiences And Issues Going Forward written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-27 with Business & Economics categories.
This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been incorporated into surveillance work, where relevant, and included in other Bank and Fund advisory and technical assistance work. Based on these, the paper draws key lessons, identifies the continuing challenges facing debt managers, and proposes further capacity building and advisory work in PDM. The 12 countries in the pilot program were Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia.
Financial Inclusion And Digital Transformation Regulatory Practices In Selected Sadc Countries
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Author : Howard Chitimira
language : en
Publisher: Springer Nature
Release Date : 2023-03-28
Financial Inclusion And Digital Transformation Regulatory Practices In Selected Sadc Countries written by Howard Chitimira and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-28 with Law categories.
This book investigates the regulation and promotion of financial inclusion and provides a comparative analysis of the regulation, promotion and enforcement of the relevant laws in the SADC (in particular, South Africa, Namibia, Botswana and Zimbabwe), as well as the challenges of financial inclusion. In turn, it evaluates financial inclusion in the context of specific challenges faced by unbanked and underbanked customers, who are easy targets for cyber criminals because they tend to have lower levels of digital literacy. The book presents novel discussions that identify the challenges and flaws associated with the enforcement of financial inclusion laws and related measures intended to promote financial inclusion in the SADC region. This is primarily done in order to reveal the current strengths and weaknesses of financial inclusion laws in relation to certain aspects of the companies, securities and financial markets in the region. For example, there is no common financial inclusion instrument/law that is effectively and uniformly applied throughout the SADC. This has impeded the enforcement authorities’ efforts to effectively combat financial exclusion across the region.The book is likely the most comprehensive study to date on the regulation and promotion of financial inclusion in the SADC region and fills a major gap in SADC and African legal jurisprudence. As such, it offers a valuable asset for policymakers, attorneys, bankers, securities (share) holders, and other market participants who deal with financial inclusion, as well as undergraduate and graduate students interested in the topic.
Improving Fiscal Transparency To Raise Government Efficiency And Reduce Corruption Vulnerabilities In Central Eastern And Southeastern Europe
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Author : Mr.Bernardin Akitoby
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-11
Improving Fiscal Transparency To Raise Government Efficiency And Reduce Corruption Vulnerabilities In Central Eastern And Southeastern Europe written by Mr.Bernardin Akitoby and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-11 with Business & Economics categories.
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.
Public Financial Management And Its Emerging Architecture
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Author : Mr. M. Cangiano
language : en
Publisher: International Monetary Fund
Release Date : 2013-04-05
Public Financial Management And Its Emerging Architecture written by Mr. M. Cangiano and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-05 with Business & Economics categories.
The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch
Technology Transfer And Innovation For Low Carbon Development
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Author : Miria Pigato
language : en
Publisher: World Bank Publications
Release Date : 2020-04-09
Technology Transfer And Innovation For Low Carbon Development written by Miria Pigato and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-09 with Business & Economics categories.
Technological revolutions have increased the world’s wealth unevenly and in ways that have accelerated climate change. This report argues that achieving The Paris Agreement’s objectives would require a massive transfer of existing and commercially proven low-carbon technologies (LCT) from high-income to developing countries where the bulk of future emissions is expected to occur. This mass deployment is not only a necessity but also an opportunity: Policies to deploy LCT can help countries achieve economic and other development objectives, like improving human health, in addition to reducing greenhouse gases (GHGs). Additionally, LCT deployment offers an opportunity for countries with sufficient capabilities to benefit from participation in global value chains and produce and export LCTs. Finally, the report calls for a greater international involvement in supporting the poorest countries, which have the least access to LCT and finance and the most underdeveloped physical, technological, and institutional capabilities that are essential to benefit from technology.
Annual Report Of The Executive Directors For The Fiscal Year
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 1997
Annual Report Of The Executive Directors For The Fiscal Year written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Foreign exchange categories.
Financial Development In Sub Saharan Africa
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Author : Mr.Montfort Mlachila
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-14
Financial Development In Sub Saharan Africa written by Mr.Montfort Mlachila and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-14 with Business & Economics categories.
This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.
Interdisciplinary Approaches To The Future Of Africa And Policy Development
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Author : Tshabangu, Icarbord
language : en
Publisher: IGI Global
Release Date : 2022-03-11
Interdisciplinary Approaches To The Future Of Africa And Policy Development written by Tshabangu, Icarbord and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-11 with Political Science categories.
Despite several idealistic efforts towards a united Africa, the term remains a hypothetical concept symbolizing a desired federal state on the continent. While globalization and interconnectedness have brought prosperity in some parts of the world, Africa has not generally benefited from global decisions. These decisions, policies, and practices have tended to be wholly influenced by the rich and powerful countries and their transnational agencies and corporations in pursuit of their national interests. Faced with such enormous external economic and political forces, the divided and powerless African states have been unable to bargain for lucrative economic deals or pursue national interests for the benefit of their people, hence the need to examine what exists in varied fields and the emerging trends for the future. Interdisciplinary Approaches to the Future of Africa and Policy Development addresses critical issues and challenges in Africa and seeks to examine and understand the future trends in Africa through a deconstructive interrogation of present trends. Covering a wide range of topics such as sustainability, equality, and democracy, it is ideal for researchers, academicians, students, economists, policymakers, political parties, trade unions, and NGOs.
Lessons For Effective Fiscal Decentralization In Sub Saharan Africa
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Author : Mr.Niko A Hobdari
language : en
Publisher: International Monetary Fund
Release Date : 2018-07-06
Lessons For Effective Fiscal Decentralization In Sub Saharan Africa written by Mr.Niko A Hobdari and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-06 with Business & Economics categories.
Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective fiscal decentralization reform, focusing on the macroeconomic aspects. The main findings for sub-Saharan African countries that have decentralized, based on an empirical analysis and four case studies (Kenya, Nigeria, South Africa, Uganda), are as follows: • Determinants and effectiveness: Empirical results suggest that (1) the major driving forces behind fiscal decentralization in sub-Saharan Africa include efforts to defuse ethnic conflicts, the initial level of income, and the urban-ization rate, whereas strength of democracy is not an important determi-nant for decentralization; and (2) decentralization in sub-Saharan Africa is associated with higher growth in the presence of stronger institutions. • Spending assignments: The allocation of spending across levels of gov-ernment in the four case studies is broadly consistent with best practice. However, in Uganda, unlike in the other three case studies, subnational governments have little flexibility to make spending decisions as a result of a deconcentrated rather than a devolved system of government. • Own revenue: The assignment of taxing powers is broadly in line with best practice in the four case studies, with the bulk of subnational revenue coming from property taxes and from fees for local services. However, own revenues are a very small fraction of subnational spending, reflecting weak cadaster systems and a high level of informality in the economy.