7 results on '"ANNUAL RATE"'
Search Results
2. The Distribution of Consumption Expenditure in Sub-Saharan Africa : The Inequality among All Africans
- Author
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Jirasavetakul, La-Bhus Fah and Lakner, Christoph
- Subjects
PRICE LEVELS ,ECONOMIC PERFORMANCE ,GROWTH RATES ,REGIONAL MEDIAN ,ECONOMIC GROWTH ,EXTREME POVERTY ,ANNUAL RATE ,EXCHANGE RATES ,MEASUREMENT ,DECREASING INEQUALITY ,INEQUALITY MEASURES ,DISTRIBUTION FUNCTION ,DEPENDENT VARIABLE ,POPULATION GROWTH ,LAGS ,INCOME ,DATA SET ,INFLATION RATE ,BETWEEN-GROUP INEQUALITY ,POOR GROWTH ,PER CAPITA INCOME ,DISTRIBUTION ,AVERAGE INCOMES ,ECONOMIC OUTLOOK ,LIVING STANDARDS ,INCOME SHARE ,POLICY DISCUSSIONS ,INCOMES ,DEVELOPMENT ECONOMICS ,LAND OWNERSHIP ,ECONOMIC INEQUALITY ,GROWTH PROCESS ,SIGNIFICANCE LEVEL ,DEVELOPING WORLD ,PURCHASING POWER ,GROWTH PERFORMANCE ,NATIONAL INCOME ,WELFARE ,INCOME INEQUALITY ,CONSUMPTION ,GDP PER CAPITA ,THEORY ,DEVELOPMENT POLICY ,RELATIVE PRICES ,MEASURING POVERTY ,TRADE ,LOW INCOME ,INCREASING SHARE ,CUMULATIVE DISTRIBUTION FUNCTION ,PER CAPITA INCOMES ,HOUSEHOLD SURVEYS ,INEQUALITY ,EMPIRICAL EVIDENCE ,GROUP INEQUALITY ,WEALTH ,PRIVATE CONSUMPTION ,ECONOMIC THEORY ,DEVELOPMENT ASSISTANCE ,AVERAGE INEQUALITY ,PRODUCT ,ECONOMIC REVIEW ,INEQUALITY ESTIMATES ,GDP ,BASE YEAR ,EXCHANGE ,INEQUALITY COMPONENT ,INCOME DISTRIBUTION ,VALUE ,POSITIVE EFFECTS ,COUNTRY CLASSIFICATIONS ,GROWTH SPELLS ,REGIONAL INEQUALITY ,DISTRIBUTION OF WEALTH ,ECONOMETRICS ,BENCHMARK ,AVERAGE INCOME ,POVERTY ESTIMATES ,REAL GROWTH ,POOR PEOPLE ,POPULATION SHARE ,MEASURING INEQUALITY ,INCOME LEVEL ,MIDDLE INCOME COUNTRIES ,ECONOMIC POLICY ,HOUSEHOLD INCOME ,POLICY RESEARCH ,INCREASING INEQUALITY ,INEQUALITY DECOMPOSITION ,GROWTH RATE ,DEVELOPING COUNTRIES ,PER CAPITA CONSUMPTION ,REAL GDP ,POVERTY HEADCOUNT ,AVERAGE ANNUAL ,INCOME CONVERGENCE ,CONSUMPTION GROWTH ,INCOME GROUPS ,LORENZ CURVE ,INCOME DISTRIBUTIONS ,MARGINAL PROPENSITY TO CONSUME ,MEAN CONSUMPTION ,POWER PARITY ,DISTRIBUTION FUNCTIONS ,POVERTY LINE ,NATURAL RESOURCES ,INEQUALITY RESULTS ,ECONOMIES OF SCALE ,MEAN INCOME ,INEQUALITY MEASURE ,LOGARITHMIC SCALE ,MACRO-ECONOMIC POLICY ,ECONOMIC RESEARCH ,POVERTY RATE ,RESIDUAL INEQUALITY ,POSITIVE GROWTH ,FALLING POVERTY - Abstract
This paper uses a set of national household surveys to study the regional Sub-Saharan Africa distribution of consumption expenditure among individuals during 1993 to 2008. The analysis puts the disparities in living standards that exist among persons in Africa into context with the disparities that exist within and between African countries. Regional interpersonal inequality has increased (from a Gini index of 52 percent in 1993 to 56 percent in 2008), driven by increasing disparities in living standards across countries, while there has been no systematic increase in within-country inequality. For the African distribution as a whole, growth of consumption expenditure (from household surveys) has been low (around 1 percent per year). This growth has been uneven and as a result the richest 5 percent of Africans received around 40 percent of the total gains, while the bottom third stagnated.
- Published
- 2016
3. Quality of Macro-Fiscal Frameworks in Development Policy Operations
- Author
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Independent Evaluation Group
- Subjects
MEDIUM TERM EXPENDITURE ,BUDGET ,GROSS DOMESTIC PRODUCT ,ANNUAL RATE ,MEDIUM TERM EXPENDITURE FRAMEWORK ,GOVERNMENT GUARANTEES ,FISCAL PRUDENCE ,ALLOCATION ,SECTOR PROGRAMS ,FISCAL COST ,EXPENDITURE FRAMEWORKS ,PROGRAMS ,FISCAL BALANCE ,FISCAL RISK ,FISCAL DEFICIT ,EXPENDITURE POLICY ,FINANCIAL SECTOR ,FISCAL MANAGEMENT ,FISCAL RULES ,OUTCOMES ,RESOURCE ALLOCATION ,FISCAL CRISIS ,OUTCOME INDICATORS ,FINANCIAL CRISIS ,CAPITAL FLIGHT ,PROGRAM REVIEWS ,FISCAL ACTIONS ,INCENTIVES ,REFORM AGENDA ,SUSTAINABILITY ANALYSIS ,HIGHER GOVERNMENT SPENDING ,FINANCIAL MARKETS ,EXPENDITURE PROGRAM ,INTEREST SUBSIDY ,FISCAL FRAMEWORK ,TAX POLICY ,SUSTAINABILITY OF REFORMS ,EXTERNAL DEBT ,FISCAL DEBT ,PUBLIC PRIVATE PARTNERSHIPS ,CIVIL SERVICE ,PUBLIC EXPENDITURES ,BUDGET SUPPORT OPERATIONS ,FISCAL ADJUSTMENT ,GOVERNMENT EXPENDITURES ,GOVERNMENT GUARANTEE ,PUBLIC EXPENDITURE POLICY ,SERVICES ,PUBLIC EXPENDITURE REVIEW ,REFORM PROGRAM ,PUBLIC SECTOR ,POVERTY REDUCTION ,DEBT ,FISCAL ARRANGEMENTS ,SECTORAL POLICY ,FISCAL FRAMEWORKS ,FISCAL PROGRAM ,SOCIAL SECURITY ,MEDIUM-TERM EXPENDITURE ,PENSION REFORM ,PUBLIC SECTOR REFORM ,FINANCIAL MANAGEMENT ,PRUDENT FISCAL MANAGEMENT ,FISCAL EXPENDITURE ,SECTORAL OBJECTIVES ,CIVIL SERVICE REFORM ,FISCAL ADJUSTMENTS ,MACROECONOMIC POLICIES ,MINISTRY OF FINANCE ,EXTERNAL SHOCKS ,FISCAL SIDE ,CONTINGENT LIABILITY ,MACROECONOMIC MANAGEMENT ,MACROECONOMIC STABILITY ,SOCIAL POLICIES ,PUBLIC EXPENDITURE MANAGEMENT ,TAX BASE ,ACCOUNTING ,BUDGET SUPPORT ,PROGRAM IMPLEMENTATION ,FISCAL POLICY ,PUBLIC SECTOR EMPLOYMENT ,HEALTH CARE ,CENTRAL GOVERNMENT ,EXCHANGE RATE ,FISCAL TARGETS ,INDEPENDENT ASSESSMENT ,MACROECONOMIC FRAMEWORK ,PRIVATE SECTOR ,SOCIAL SAFETY NETS ,MEDIUM-TERM EXPENDITURE FRAMEWORK ,TAXES ,NATURAL DISASTERS ,EXPENDITURE FRAMEWORK ,FISCAL IMBALANCE ,CORRECTIVE ACTION ,PUBLIC FINANCIAL MANAGEMENT ,FISCAL REFORM ,SOCIAL PROTECTION ,PERFORMANCE ASSESSMENT ,ECONOMIC POLICY ,STABILIZATION POLICY ,COMPETITION ,GOVERNMENT SPENDING ,EXPENDITURES ,DEBT MANAGEMENT ,PUBLIC FINANCE ,MACROECONOMIC POLICY ,GROWTH RATE ,DIAGNOSTIC WORK ,FISCAL SUSTAINABILITY ,CONDITIONALITY ,FISCAL RISKS ,FISCAL OBJECTIVES ,ARTICLE ,MEDIUM-TERM EXPENDITURE FRAMEWORKS ,DIVISION OF LABOR ,NATURAL RESOURCES ,FISCAL POSITION ,FINANCIAL SUPPORT ,TAX BASES ,MEDIUM-TERM FISCAL FRAMEWORK ,DEBT SUSTAINABILITY ,DEFICIT ,STRUCTURAL REFORMS ,POVERTY REDUCTION SUPPORT ,PUBLIC EXPENDITURE ,INTEREST RATE ,TAX EVASION ,EXPENDITURE ,FISCAL ANALYSIS ,EXPENDITURE MANAGEMENT - Abstract
The report is part of a series of learning products with limited objectives geared towards synthesizing existing knowledge as well as learning and gaining new insights into the factors that influence design, policy implementation, and performance of development policy loans. It aims to provide fresh insights and build on previous evaluations of Bank investment projects and research and analytical work (for example, recent independent evaluation group (IEG) work on development policy operations (DPOs) includes the evaluation of poverty reduction support credits (PRSCs), first and second financial crisis evaluations (which examined crisis DPOs), recent operations policy and country services (OPCS) DPO retrospectives, and new research presented in this report on aspects of DPOs using a combination of approaches). The quality of macro frameworks in DPOs alone has not been subject of in-depth study. This report aims to contribute to filling that gap with a: (i) preliminary analysis of the quality of macro-fiscal frameworks in DPOs, and (ii) a comprehensive database of project level DPOs and related country and economic policy and statistical information, which is a byproduct of the study.
- Published
- 2015
4. The South Africa Agriculture Public Expenditure Review
- Author
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Liebenberg, Frikkie, Makhura, Moraka Nakedi, and Moloto, Kate
- Subjects
INFORMATION ,PROVINCIAL LEVELS ,NATIONAL DEVELOPMENT ,AGRICULTURAL EXTENSION ,DRAINAGE ,PUBLIC SERVICE ,AGRICULTURAL R&D ,LIVELIHOODS ,ECONOMIC GROWTH ,BUDGET ,ALLOCATION OF RESOURCES ,GROSS DOMESTIC PRODUCT ,BUDGET DATA ,RURAL DEVELOPMENT ,ANNUAL RATE ,ALLOCATION ,PROGRAMS ,INFLATION ,AGRICULTURAL ,AGRICULTURAL TECHNOLOGY ,AGRICULTURAL PRODUCTION ,DATA COLLECTION PROCESS ,OUTCOMES ,R&D ,PUBLIC EXPENDITURE DIAGNOSTIC ,RESOURCE ALLOCATION ,WOMEN ,EDUCATION ,PERSONAL INCOME ,NATURAL RESOURCES MANAGEMENT ,BUDGET SYSTEM ,ESTIMATES OF EXPENDITURE ,NATIONAL EXPENDITURE ,NATIONAL DEVELOPMENT PLAN ,AGRICULTURAL MARKETING ,BUDGETARY CONSTRAINTS ,FUNDS ,DISEASES ,PUBLIC SPENDING ,TECHNOLOGIES ,HEALTH ,EXTENSION ,FARMERS ,PROVINCIAL LEVEL ,FINANCIAL ASSISTANCE ,SERVICE DELIVERY ,REFORM PROCESS ,ANIMAL DISEASES ,PROVINCIAL EXPENDITURE ,EXPENDITURE DATA ,INCOMES ,MINISTRIES OF AGRICULTURE ,ACCOUNTING SYSTEM ,ECOLOGY ,FOREST MANAGEMENT ,EXPENDITURE PROCESS ,NATIONAL BUDGETS ,PUBLIC SERVICES ,RESOURCE MANAGEMENT ,TAX REVENUE ,FISH ,BUDGET MANAGEMENT ,FARMS ,LIVESTOCK PRODUCTS ,PLANTS ,AGRICULTURAL TECHNOLOGY DEVELOPMENT ,TOTAL PUBLIC EXPENDITURE ,PUBLIC PRIVATE PARTNERSHIPS ,SERVICE PROVIDER ,PRODUCTION ,BUDGET ALLOCATION ,PUBLIC EXPENDITURES ,SOIL CONSERVATION ,EXPENDITURE PROGRAMS ,SERVICES ,PUBLIC EXPENDITURE REVIEW ,PUBLIC SECTOR ,ANIMAL HEALTH ,AGRICULTURAL RESEARCH INSTITUTIONS ,FOOD PRODUCTION ,LAND REFORM ,PRODUCTS ,LOW INCOME ,BUDGET REVIEW ,FINANCIAL SERVICES ,HUNGER ,MARKETING ,FINANCIAL MANAGEMENT ,AGRICULTURE ,AGRICULTURAL DEVELOPMENT ,AGRICULTURAL INFORMATION SERVICES ,RESEARCH ,FUNDING ,DEVELOPMENT PROJECTS ,BUDGET ALLOCATION PROCESS ,RESOURCE ALLOCATIONS ,TOTAL EXPENDITURE ,AGRICULTURAL ECONOMICS ,FEED ,HISTORY ,ANIMAL HUSBANDRY ,VETERINARY SERVICES ,PROGRAM STRUCTURE ,BIOTECHNOLOGY ,AGRICULTURAL COLLEGES ,ACCOUNTING ,BUDGETS ,INCOME TAX ,EXPENDITURE ISSUES ,FARMERS’ ORGANIZATIONS ,DECENTRALIZATION ,EQUIPMENT ,SKILLS ,AGRICULTURAL INFORMATION ,PUBLIC RESOURCES ,NUTRITION ,EXPENDITURE TRACKING ,AGRICULTURAL RESEARCH ,BUDGET PLANNING ,GOVERNMENT EXPENDITURE ,PRIVATE SECTOR ,LAND ,PUBLIC FINANCIAL MANAGEMENT ,PERSONAL INCOME TAX ,GOVERNMENT REVENUE ,GOVERNMENT SPENDING ,EXTENSION SERVICES ,AGENCIES ,APPROPRIATION ,EXPENDITURES ,PUBLIC FINANCE ,GROWTH RATE ,BUDGET EXECUTION ,FINANCIAL RESOURCES ,MANAGEMENT ,KNOWLEDGE ,ANIMAL PRODUCTS ,UNIVERSITIES ,EXPENDITURE BUDGET ,ECONOMIC CLASSIFICATION ,CROPS ,AGGREGATE EXPENDITURE ,BUDGET PROCESS ,HOUSING ,PESTS ,ECONOMICS ,AGRICULTURAL PRODUCTS ,FOOD PRODUCTS ,LIVESTOCK ,PUBLIC EXPENDITURE ,ENERGY SOURCES ,FOREIGN CURRENCY ,GENDER ,DATA COLLECTION ,ANIMAL PRODUCTION ,ACCOUNTABILITY ,BUDGETING PROCESS ,AGRICULTURAL ENGINEERING ,FISHERIES ,EXPENDITURE - Abstract
This South African Agricultural Public Expenditure Review (AgPer) is one of a series of similar studies undertaken in several countries in Sub-Saharan Africa under the Comprehensive Africa Agriculture Development Program (CAADP) of the African Union’s (AU) New Partnership for Africa’s Development (NEPAD) which encourages governments and development partners (DPs) to target public expenditure on the agriculture sector as the most effective way of stimulating growth. The overall purpose of the budget tracking and public expenditure review is to provide recommendations to address budgetary planning, budget execution, and accountability in the agricultural sector, the creation of a reliable data base, and more effective intra- and inter-sectoral coordination. It is also aimed at stimulating increased resource allocations and to enhance the harmonization and alignment of resources around national and provincial priorities in the agricultural sector. The report aims to produce the following outputs: foundation data set for understanding reflecting the COFOG and South African nomenclature in budgeting; synthesis of the level, composition and quality of budget; and recommendations for enhancement of the budget tracking process.
- Published
- 2015
5. Kingdom of Bhutan Human Development Public Expenditure Review
- Author
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Nagpal, Somil and Opper, Susan
- Subjects
PUBLIC SECTOR ACCOUNTING ,UNCERTAINTY ,BUDGET ESTIMATES ,ANNUAL RATE ,INFLATIONARY PRESSURES ,ADMINISTRATIVE CLASSIFICATION ,FISCAL PRUDENCE ,AGING ,PUBLIC SECTOR DEBT ,INFLATION ,FISCAL BALANCE ,QUALITY ASSURANCE ,FISCAL DEFICIT ,ELASTICITIES ,BUDGET REPORT ,ANNUAL BUDGET ,UNEMPLOYMENT ,WORKERS ,BUDGET SYSTEM ,PUBLIC PROCUREMENT ,EXPENDITURE MANAGEMENT SYSTEM ,SECTOR MINISTRY ,MENTAL HEALTH ,RECURRENT EXPENDITURE ,INTERNAL CONTROL ,PERFORMANCE AUDIT ,PUBLIC SPENDING ,SOCIAL SERVICES ,EDUCATION SPENDING ,HEALTH EXPENDITURE ,SUPREME AUDIT INSTITUTIONS ,REFORM AGENDA ,SECONDARY SCHOOLS ,REFORM PROCESS ,EXPENDITURE DATA ,EXPENDITURE PLANNING ,BUDGET ALLOCATIONS ,PATIENT ,PUBLIC SERVICES ,AGGREGATE FISCAL DISCIPLINE ,EXTERNAL ASSISTANCE ,EFFICIENCY GAINS ,DISCRETIONARY FUNDS ,PUBLIC INFRASTRUCTURE ,ECONOMIC GROWTH RATES ,BUDGET ALLOCATION ,EDUCATION SERVICES ,MONETARY POLICY ,NATIONAL BUDGET ,LIQUIDITY ,FISCAL DEFICITS ,PRICE INDEX ,PUBLIC EXPENDITURE REVIEW ,POVERTY REDUCTION ,HOSPITALS ,BUDGET REVIEW ,CAPITAL EXPENDITURES ,BUDGET DEPARTMENT ,CASH FLOW ,COMMUNICABLE DISEASES ,PREGNANT WOMEN ,PROGNOSIS ,REGULATORY PROCESS ,PUBLIC AGENCIES ,HEALTH EDUCATION ,MINISTRY OF FINANCE ,TOTAL EXPENDITURE ,BLOCK GRANTS ,MACROECONOMIC STABILITY ,LIFE EXPECTANCY ,PUBLIC EXPENDITURE MANAGEMENT ,RESOURCE FLOWS ,IRON ,CIVIL SERVANTS ,DECENTRALIZATION ,CIVIL SERVICE RULES ,FISCAL IMPACT ,FINANCIAL INSTITUTIONS ,HEALTH CARE ,EDUCATION SYSTEM ,HEALTH SYSTEMS ,MACROECONOMIC FRAMEWORK ,NATIONAL STATISTICS ,NUTRITION ,PUBLIC HEALTH ,CAPITAL ACCOUNT ,DOMESTIC DEMAND ,FOREIGN GRANTS ,CASH BASIS ,ECONOMIC VOLATILITY ,INTERNATIONAL COMPARISONS ,PUBLIC FINANCE ,BUDGET EXECUTION ,REFORM EFFORTS ,FINANCIAL RESOURCES ,FISCAL SUSTAINABILITY ,ARTICLE ,BUDGET PROCESS ,FISCAL DEFICIT TARGET ,PUBLIC HEALTH SERVICES ,PUBLIC GOODS ,LAWS ,POVERTY INDICATORS ,PERFORMANCE MEASUREMENT ,CAPITAL EXPENDITURE ,PUBLIC EXPENDITURE ,ANNUAL REPORT ,EFFECTIVENESS OF SERVICE DELIVERY ,INFRASTRUCTURE PROJECTS ,FISCAL REPORTING ,PUBLIC SERVICE ,ECONOMIC GROWTH ,GROSS DOMESTIC PRODUCT ,FAMILIES ,GOVERNMENT GUARANTEES ,BUDGET FORMULATION ,GOVERNMENT DEBT ,PROGRAMS ,EXTERNAL FINANCING ,MEDIUM-TERM PROGRAM ,PUBLIC SERVICE DELIVERY ,SECTOR MINISTRIES ,FINANCIAL SECTOR ,SECTOR MANAGERS ,RESOURCE CONSTRAINTS ,FISCAL STRATEGY ,RESOURCE ALLOCATION ,CAPITAL INVESTMENTS ,NET LENDING ,INFLATION RATE ,PRIVATE SECTOR INVOLVEMENT ,HEALTH OUTCOMES ,PUBLIC SECTOR MANAGEMENT ,CENTRAL GOVERNMENT DEFICIT ,BUDGET DOCUMENTS ,INTERVENTION ,WALKING ,CAPACITY CONSTRAINTS ,MARGINAL COST ,SUSTAINABILITY ANALYSIS ,MEDIUM-TERM PERSPECTIVE ,MACROECONOMIC INDICATORS ,HEALTH MINISTRY ,DOMESTIC REVENUE ,DATA ANALYSIS ,HEALTH SPENDING ,FISCAL FRAMEWORK ,PUBLIC EDUCATION ,FINANCIAL STATEMENTS ,PATIENTS ,EXTERNAL DEBT ,AGGREGATE FISCAL ,HEALTH UNITS ,DECISION MAKING ,CIVIL SERVICE ,PUBLIC EXPENDITURES ,MORTALITY ,ROAD NETWORK ,HEALTH CLINICS ,PUBLIC SECTOR ,DEBT ,CLINICS ,CASH BALANCE ,HEALTH SECTOR ,BUDGET POLICY ,FINANCIAL MANAGEMENT ,PUBLIC ACCOUNTS ,CENTRAL BANK ,DOMESTIC DEBT ,TOTAL EXPENDITURES ,WELFARE PROGRAM ,MACROECONOMIC MANAGEMENT ,ACCOUNTING ,PUBLIC ADMINISTRATION ,AGGREGATE DEMAND ,APPROPRIATIONS ,IMMUNIZATION ,HEALTH INDICATORS ,HEALTH WORKERS ,CENTRAL GOVERNMENT ,PERFORMANCE CONTRACTS ,DISASTERS ,GOVERNMENT EXPENDITURE ,PRIVATE SECTOR ,BUDGET COVERS ,RECURRENT EXPENDITURES ,EXTERNAL GRANTS ,MIGRATION ,SERVICE PROVISION ,DECENTRALIZATION OF SERVICE DELIVERY ,SOCIAL PROTECTION ,GOVERNMENT SPENDING ,PRIMARY SCHOOLS ,EXPENDITURES ,GROWTH RATE ,MACROECONOMIC POLICY ,HEALTH FINANCING ,SECTOR BUDGET ,EDUCATION EXPENDITURES ,HEALTH MANAGEMENT ,FISCAL POSITION ,FINANCIAL SUPPORT ,DEBT SUSTAINABILITY ,HEALTH SERVICES ,ECONOMIC GROWTH RATE ,FINANCIAL STATEMENT ,BUDGET OUTTURN ,NURSES ,FOREIGN RESERVES - Abstract
Bhutan is situated between the Tibetan Plateau in the North and Indian plains in the south. The development philosophy in Bhutan is embedded in the concept of Gross National Happiness (GNH) that, as a public policy strategy, seeks to address a more meaningful purpose of development that goes beyond the fulfillment of material satisfaction. The concept is grounded in the four pillars of development; socio-economic, environment, culture, and good governance. Bhutan s record on growth and development has made it a top performer in the South Asian region. The average annual growth rate of GDP over 1980-2010 in country was more than 7.6 percent, one of the highest in the South Asian sub-continent (SAS). Bhutan, with a Gross Domestic Product (GDP) per capita of about US$2,000, is now classified as a lower-middle income country. However, one of the most notable features about Bhutan s macro economy is its lack of diversification, dependence on and exposure to external developments, and the high levels of year-to-year volatility in its economic growth. Public Expenditure Review (PER) begins with an overview of the macro-economic context (chapter two) and public sector management (chapter three) in Bhutan. This is followed by an analytical summary of achievements to date in the health and education sectors (chapters four and five). The PER concludes (chapter six) with policy options and recommendations which are intended to spur discussion and analysis among policy-makers in Bhutan as they look into different possibilities to increase fiscal space in domestic resources while enhancing the quality of expenditures and improving outcomes in the health and education systems.
- Published
- 2013
6. South Africa Economic Update : Focus on Savings, Investment, and Inclusive Growth
- Author
-
World Bank
- Subjects
ECONOMIC PERFORMANCE ,PRODUCERS ,TAX COMPLIANCE ,LABOR FORCE SURVEY ,VALUATION ,FOREIGN INVESTORS ,GOVERNMENT AUTHORITIES ,VALUE ADDED ,ECONOMIC GROWTH ,DECISION-MAKING ,GROSS DOMESTIC PRODUCT ,LOCAL BODIES ,ANNUAL RATE ,INFLATIONARY PRESSURES ,MOTIVATIONS ,TECHNICAL SERVICES ,ECONOMIC REFORMS ,INFLATION ,EMPLOYMENT ,TECHNICAL ASSISTANCE ,FINANCIAL SECTOR ,SOCIAL INFRASTRUCTURE ,NATIONAL ACCOUNTS ,FISCAL MANAGEMENT ,POPULATION GROWTH ,LONG TERM ,GOVERNMENT CONSUMPTION ,CIVIL SOCIETY ,INCOME ,DEVELOPMENT PROCESS ,PRODUCTIVITY ,RESOURCE CONSTRAINTS ,INSTITUTIONAL WEAKNESSES ,FISCAL SITUATION ,NATIONS ,GOVERNMENT BORROWING ,RULE OF LAW ,LACK OF ACCOUNTABILITY ,COMPETITIVENESS ,CONSUMER PRICE INDEX ,TECHNICAL SUPPORT ,GNP PER CAPITA ,TAX REFORMS ,POLITICAL STABILITY ,PER CAPITA INCOME ,SOCIAL INDICATORS ,PUBLIC SPENDING ,SOCIAL SERVICES ,MARKET INSTRUMENTS ,PRIVATE COSTS ,REPRESENTATIVES ,WORLD TRADE ORGANIZATION ,PER-CAPITA INCOME ,TRANSPARENCY ,DEBT SERVICE RATIO ,SERVICE DELIVERY ,FINANCIAL MARKETS ,REDUCING POVERTY ,ANNUAL GROWTH RATE ,LIVING STANDARDS ,FOREIGN DIRECT INVESTMENT ,INSTITUTIONAL INVESTORS ,BALANCE OF PAYMENTS ,ADMINISTRATIVE DISCRETION ,HUMAN RESOURCE DEVELOPMENT ,BUDGET ALLOCATIONS ,INSTITUTIONAL CAPACITY ,INCREASED EMPHASIS ,PUBLIC SERVICES ,PRIORITY AREAS ,CORPORATE GOVERNANCE ,RURAL AREAS ,GROWTH PERFORMANCE ,EXTERNAL DEBT ,GOVERNMENT FINANCE ,PUBLIC ENTERPRISES ,GOVERNANCE PROBLEMS ,DRINKING WATER ,LIQUIDITY ,PUBLIC EXPENDITURE REVIEW ,LOCAL LEVELS ,POVERTY REDUCTION ,PUBLIC SECTOR ,DEBT ,MACROECONOMIC PERFORMANCE ,FISCAL ,TRADE POLICIES ,LOCAL LEVEL ,PER CAPITA INCOMES ,VULNERABLE GROUPS ,CONSENSUS ,BUDGET DEFICIT ,POLITICAL INSTABILITY ,SHORT TERM ,ECONOMIC DEVELOPMENT ,RATIONALIZATION ,CENTRAL BANK ,CRISES ,DISCLOSURE ,AGRICULTURE ,URBAN POPULATION ,TOTAL EXPENDITURES ,DEVELOPMENT PROJECTS ,ANALYTICAL WORK ,ECONOMIC ACTIVITY ,M2 ,MINISTRY OF FINANCE ,STRUCTURAL ADJUSTMENT ,ADMINISTRATIVE ARRANGEMENTS ,GDP ,MONEY SUPPLY ,PRIVATE SECTORS ,FOREIGN EXCHANGE ,TRADE BALANCE ,MACROECONOMIC STABILITY ,POLITICAL INTERFERENCE ,DEVELOPMENT STRATEGY ,PUBLIC EXPENDITURE MANAGEMENT ,DISCRETIONARY POWERS ,ECONOMIC IMPLICATIONS ,GOVERNMENT REVENUES ,PRIVILEGED GROUPS ,EXPORTS ,RESOURCE USE ,INTERNATIONAL DEVELOPMENT ,LACK OF OWNERSHIP ,MONARCHY ,CD ,DECENTRALIZATION ,ECONOMIC MANAGEMENT ,FINANCIAL SYSTEM ,HEADCOUNT INDEX ,EXCHANGE RATE ,HEALTH CARE ,ECONOMIC ACTIVITIES ,FOREIGN EXCHANGE REGIME ,TELECOMMUNICATIONS ,PUBLIC RESOURCES ,SOCIAL DEVELOPMENT ,ECONOMIC POLICIES ,RECURRENT EXPENDITURES ,TECHNICAL CAPACITY ,RURAL COMMUNITIES ,BILATERAL TRADE ,DIRECT INVESTMENT ,GNP ,HUMAN RESOURCES ,GOVERNMENT REVENUE ,IMPORTS ,MONOPOLIES ,GROWTH RATE ,LEGISLATION ,DEVELOPING COUNTRIES ,CIVIL SERVICE REFORMS ,FINANCIAL RESOURCES ,ANTI-CORRUPTION ,COALITIONS ,PRIVATE SECTOR DEVELOPMENT ,FISCAL POLICIES ,PRIMARY SCHOOL ,FOREIGN INVESTMENT ,NATIONAL PLANNING ,CORRUPTION ,LEGAL FRAMEWORK ,GOVERNMENTAL ORGANIZATION ,GROWTH PATH ,POVERTY LINE ,LABOR FORCE ,SAVINGS ,DECENTRALIZATION PROCESS ,DONOR COMMUNITY ,PUBLIC INVESTMENT ,SOCIAL SECTORS ,TAX ADMINISTRATION ,PUBLIC EXPENDITURE ,WATER RESOURCES ,POLITICAL PARTIES ,GOVERNMENT OFFICIALS ,ACCOUNTABILITY ,FISCAL RESOURCES ,HUMAN RESOURCE - Abstract
The firming of the economic recovery is putting the policy spotlight back on the longer term challenge of faster, more inclusive Gross Domestic Product (GDP) growth. Modest investment rates despite attractive returns and low savings rates despite favorable demographics are important impediments. A virtuous cycle of faster capital accumulation, job creation (especially for the youth), and technological advancement needs to be stimulated. There are no quick fixes that can produce the desired stimulus. The quest for inclusive growth calls for a different, bolder approach. Integration of the advanced and less-developed economies and more effective integration with the global economy, using factory Southern Africa as a platform, hold considerable potential. South Africa's medium-term growth prospects point to a strengthening recovery. GDP growth is projected to be 3.5 percent in 2011, 4.1 percent in 2012 and 4.4 percent in 2013. The long term potential growth rate under the current policy environment is estimated at 3.5 percent. In light of South Africa's low national savings, the reemergence of high current account deficits, financed mostly through volatile portfolio flows, will reemerge as the biggest cause for macroeconomic concern over the medium term. With considerable strengthening of the economic recovery and GDP projected to reach its potential by 2014, the focus shifts back to the longer term challenge of raising GDP growth to 6-7 percent and making it much more inclusive to tackle the extremely high unemployment. This first issue is anchored in the national aspirations of faster and more inclusive growth, with special emphasis on the issues of savings and investment.
- Published
- 2011
7. Poverty Reduction Support Credits : Benin Country Study
- Author
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Horton, Brendan
- Subjects
STRUCTURAL REFORM ,PRIVATE INVESTMENT ,ANNUAL PERFORMANCE ,ANNUAL RATE ,FOREIGN EXCHANGE RESERVES ,DEPOSIT ,SECTOR PROGRAMS ,INFLATION ,INSTITUTIONAL DEVELOPMENT ,FISCAL BALANCE ,BUDGET PREPARATION ,GOVERNMENT INTERVENTION ,GOVERNMENT POLICY ,BUDGET SYSTEM ,SECTOR MINISTRY ,TRANCHES ,FISCAL DECENTRALIZATION ,PERSONNEL MANAGEMENT ,GOVERNMENT BUDGET ,REFORM AGENDA ,BUDGET PREPARATION CYCLE ,TRANSPARENCY ,REAL EXCHANGE RATE ,SERVICE DELIVERY ,PUBLIC EXPENDITURE REFORM ,BUDGET CYCLE ,BALANCE OF PAYMENTS ,RESOURCE MANAGEMENT ,EXPENDITURE PROGRAM ,POVERTY REDUCTION STRATEGIES ,DEVALUATION ,BUDGET REFORM ,COUNTRY PROCUREMENT ASSESSMENT ,BUDGET SUPPORT OPERATIONS ,INFORMATION SYSTEM ,SWAP ,INTERNAL CONTROLS ,PERFORMANCE AUDITS ,DECENTRALIZATION STRATEGY ,DISBURSEMENT ,NATIONAL BUDGET ,PUBLIC EXPENDITURE REVIEW ,REFORM PROGRAM ,POVERTY REDUCTION ,FINANCIAL ACCOUNTABILITY ,FINANCIAL OVERSIGHT ,MEDIUM-TERM EXPENDITURE ,CASH FLOW ,LENDING INSTRUMENTS ,CIVIL SERVICE REFORM ,PUBLIC AGENCIES ,DISBURSEMENTS ,MINISTRY OF FINANCE ,EXTERNAL SHOCKS ,INVESTMENT PROJECTS ,BUDGET YEAR ,TOTAL EXPENDITURE ,POVERTY REDUCTION STRATEGY ,ADJUSTMENT LENDING ,MACROECONOMIC STABILITY ,PORTFOLIO ,PUBLIC EXPENDITURE MANAGEMENT ,RESOURCE FLOWS ,PERFORMANCE REPORTS ,REGULATORY FRAMEWORK ,DECENTRALIZATION ,EXCHANGE RATE ,PERFORMANCE AUDITING ,INDEPENDENT ASSESSMENT ,DEBT RELIEF ,MACROECONOMIC FRAMEWORK ,PRIVATE SECTOR GROWTH ,MEDIUM-TERM EXPENDITURE FRAMEWORK ,SCHOOL FEES ,CONDITIONALITIES ,COUNTRY PROCUREMENT ,GOVERNMENT ACCOUNTS ,LOAN ,PUBLIC FINANCE ,BUDGET EXECUTION ,DIAGNOSTIC WORK ,FISCAL RISKS ,ARTICLE ,DEVELOPMENT BANK ,EVALUATION CAPACITY ,TRADING ,FIDUCIARY ASSESSMENT ,DECENTRALIZATION PROCESS ,PUBLIC INVESTMENT ,POVERTY REDUCTION SUPPORT ,PUBLIC EXPENDITURE ,ACCOUNTABILITY ,EXPENDITURE PRIORITIES ,WAREHOUSE ,BANK POLICY ,NATIONAL DEVELOPMENT ,INTERNAL AUDIT ,ECONOMIC GROWTH ,FINANCIAL TRANSFERS ,BASIC SERVICES ,ALLOCATION ,BUDGET FORMULATION ,QUALITY OF EDUCATION ,TRUST FUND ,PROGRAMS ,EXTERNAL FINANCING ,ASSESSMENT OF PERFORMANCE ,SECTOR MINISTRIES ,FINANCIAL SECTOR ,GENERAL BUDGET SUPPORT ,MINISTRY OF ECONOMY ,INSTRUMENT ,OUTCOME INDICATORS ,SECTOR BUDGETS ,FINANCIAL OPERATIONS ,PAYMENT DELAYS ,PERFORMANCE INDICATORS ,GOVERNMENT FINANCE STATISTICS ,PUBLIC SECTOR MANAGEMENT ,CAPACITY CONSTRAINTS ,FINANCIAL ASSISTANCE ,POVERTY REDUCING ,SUSTAINABILITY ANALYSIS ,CAPITAL INVESTMENT ,BORROWER ,ACCOUNTING SYSTEM ,TRANCHE ,BUDGET CREDIBILITY ,BUDGET MANAGEMENT ,SANITATION ,PUBLIC UTILITIES ,EVALUATION METHODOLOGY ,POVERTY ASSESSMENT ,GOVERNMENT FINANCE ,JUDICIAL SYSTEMS ,CIVIL SERVICE ,PUBLIC EXPENDITURES ,BUDGET EXECUTION REPORTING ,PUBLIC SECTOR ,DEBT ,BUDGETARY IMPLICATIONS ,PUBLIC SECTOR REFORM ,BUDGET PREPARATION PROCESS ,CONSENSUS BUILDING ,FINANCIAL INFORMATION ,SECTORAL OBJECTIVES ,TOTAL EXPENDITURES ,INVESTMENT CLIMATE ,BUDGET LAW ,STRUCTURAL ADJUSTMENT ,BUDGETARY EXPENDITURES ,PUBLIC EXPENDITURE TRACKING ,BUDGETARY PROCEDURES ,DONOR COORDINATION ,FISCAL AFFAIRS ,FOREIGN EXCHANGE ,PROGRAM BUDGETING ,REFORM OBJECTIVES ,ACCOUNTING ,FINANCES ,PUBLIC ADMINISTRATION ,FISCAL YEARS ,PROGRAM IMPLEMENTATION ,INTERNATIONAL DEVELOPMENT ,POLICY FORMULATION ,RESOURCE AVAILABILITY ,HUMAN CAPITAL ,PRIVATE SECTOR ,BUDGET INFORMATION ,PUBLIC FINANCIAL MANAGEMENT ,PERFORMANCE ASSESSMENT ,HUMAN RESOURCES ,EXPENDITURES ,PERFORMANCE MONITORING ,GROWTH RATE ,MACROECONOMIC POLICY ,INTERNATIONAL BANK ,BUDGET REPORTING ,CONDITIONALITY ,MONETARY FUND ,PRICE MOVEMENTS ,PROGRAM BUDGETS ,PUBLIC FINANCIAL MANAGEMENT SYSTEMS ,COUNTERPART FUNDS ,FISCAL CONSOLIDATION ,SHARE OF INVESTMENT ,FINANCIAL SUPPORT ,EXCHANGE RESERVES ,PUBLIC EXPENDITURE MANAGEMENT REFORM ,CAPACITY BUILDING ,DEBT SUSTAINABILITY ,HEALTH SERVICES ,GRANT PROGRAM ,STRUCTURAL REFORMS ,CURRENT ACCOUNT DEFICIT - Abstract
Benin experienced a long period of political instability and economic challenges after achieving its independence in August 1960. In 1991 a new government initiated far-reaching reforms aimed at the creation of a market-based economy, resulting in significant liberalization of Benin's political and economic system. Growth fluctuated in the range of 4-6 percent until 2000, after which it began to trend downwards, fluctuating largely in response to variation in the exchange rate as well as to movement in the prices of cotton, Benin's main export, and oil, a major import. Benin benefited from support under the Environmental and Social Assessment Framework (ESAF) and Poverty Reduction and Growth (PRGF) facilities, the latter continuously since 1993. According to an independent ex-post review (International Monetary Fund 2004), program implementation during 1993-2003 was broadly successful. Real economic growth averaged 5 percent and fiscal consolidation improved as key initial challenges arising from the Government's low revenue collection and high wage bill were addressed. But overall progress in structural reform was mixed. Initial efforts to liberalize the economy and reduce government intervention were successful, and there was progress in introducing far-reaching reforms in the cotton sector. A new poverty reduction growth facility was approved in August 2005.
- Published
- 2010
Catalog
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