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Reflectionson Quantitative Fiscal Conditionality in African PRGF-Supported Programs

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  • Daria Zakharova
  • Annalisa Fedelino
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    Abstract

    We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to countries'' specific macro-fiscal situations. The paper also offers some suggestions on how quantitative fiscal conditionality might be further enhanced.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 06/118.

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    Length: 27
    Date of creation: 01 May 2006
    Date of revision:
    Handle: RePEc:imf:imfwpa:06/118

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    Keywords: Fund; Government expenditures; Low-income developing countries; Poverty Reduction and Growth Facility; Taxation; domestic financing; external debt; fiscal conditionality; fiscal balance; public debt; domestic debt; tax revenue; nonconcessional debt; fiscal policy; debt service; central bank; external financing; external borrowing; government debt; fiscal adjustment; budget balance; fiscal performance; fiscal activities; domestic borrowing; external disbursements; primary deficit; fiscal objectives; payment arrears; fiscal affairs department; government revenue; quasi-fiscal activities; fiscal affairs; debt burden; primary fiscal balance; fiscal responsibilities; fiscal balances; debt reduction; fiscal coverage; debt sustainability; primary budget balance; fiscal risk; budget balances; external public debt; debt relief; external payments arrears; debt threshold; external payments; fiscal program; fiscal effort; debt service payments; tax payments; tax base; fiscal risks; concessional debt; fiscal criteria; fiscal expansion; debt data; fiscal targets; interest expenditure; domestic debt burden; fiscal situations; fiscal stability; structural fiscal; accumulation of arrears; traditional debt relief; public spending; short-term debt; multilateral debt; revenue collection; debt problem; capital expenditure; debt ratio; fiscal sustainability; tax incentives; fiscal programs; long-term debt; repayments; tax administration; debt problems; domestic debts; fiscal deficit; fiscal variables; government deficits; fiscal data; tax collections;

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    Cited by:
    1. Ezequiel Cabezon & Tej Prakash, 2008. "Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries," IMF Working Papers 08/217, International Monetary Fund.

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