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Fiscal Reforms in Low-Income Countries

Author

Listed:
  • Mr. Benedict J. Clements
  • Mr. Liam P. Ebrill
  • Mr. Sanjeev Gupta
  • Mr. Anthony J. Pellechio
  • Mr. Jerald A Schiff
  • Mr. George T. Abed
  • Mr. Ronald T. McMorran
  • Marijn Verhoeven

Abstract

The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal performance. This study reviews the fiscal reform experience of 36 low-income developing countries that undertook macroeconomic and structural adjustment in the context of the IMF's Structural Adjustment Facility and Enhanced Structural Adjustment Facility during the period of 1985-95.

Suggested Citation

  • Mr. Benedict J. Clements & Mr. Liam P. Ebrill & Mr. Sanjeev Gupta & Mr. Anthony J. Pellechio & Mr. Jerald A Schiff & Mr. George T. Abed & Mr. Ronald T. McMorran & Marijn Verhoeven, 1998. "Fiscal Reforms in Low-Income Countries," IMF Occasional Papers 1998/005, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1998/005
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    Citations

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    Cited by:

    1. Ricardo Martin & Alex Segura-Ubiergo, 2005. "Fiscal Discipline and Social Spending in IMF-supported Programs," Public Economics 0504012, University Library of Munich, Germany.
    2. Ricardo Martin & Alex Segura-Ubiergo, 2005. "Social Spending in IMF-supported Programs," Public Economics 0504011, University Library of Munich, Germany.
    3. Gupta, Sanjeev & Clements, Benedict & Baldacci, Emanuele & Mulas-Granados, Carlos, 2005. "Fiscal policy, expenditure composition, and growth in low-income countries," Journal of International Money and Finance, Elsevier, vol. 24(3), pages 441-463, April.

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