Realizing the Potential of the G20 Compact with Africa

2019-03-13T12:18:01-04:00October 30, 2018|

By Christine Lagarde

October 30, 2018

عربي, 中文Español, Français, 日本語Português, Русский

Power Plant, Abidjan, Cote d’Ivoire. The G20 Compact with Africa was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. So far, eleven African countries have joined the initiative: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia (photo: Thierry Gouegnon/Reuters/Newsom)

The Compact with Africa focuses on a fundamental challenge for the continent: how to accelerate private sector investment and create jobs. To realize its full potential, all parties need to deliver. […]

Building Fiscal Institutions in Fragile States

2019-03-25T10:36:43-04:00August 9, 2017|

By Katherine Baer, Sanjeev Gupta, Mario Pessoa

August 9, 2017

Version in Français (French)

A porter in the market in Kathmandu, Nepal: the country increased their tax revenues in recent years with the help of technical assistance (photo: Navesh Chitrakar/Newscom)

Fragile states face more obstacles to growth than most countries.  Their per-capita GDP is less than half of most other low-income countries, and their economies are more volatile.  Many are in conflict or going through a natural disaster, or just emerging from these.  Our study is based on 39 countries, and since completed, the number of fragile states has increased to 43. 

To grow, a country needs tax policies and tax administration, laws and institutions to formulate and execute a budget, and trained staff to implement fiscal policies, among other factors.  Our preliminary results show that fragile states that have received technical assistance, also have improved their fiscal performance.

[…]

Turkey: How To Boost Growth Without Increasing Imbalances

2017-04-14T02:12:24-04:00January 13, 2014|

by Isabel Rial, Suchanan Tambunlertchai, and Alexander Tieman

(Version in Türk)

Actual and Current Trend accountTurkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external financing, much of which is of a short-term nature, highlighting the Turkish economy’s main problem at the moment.

[…]

IMF Opens Up: Partnerships with Donors a Win-Win

2017-04-15T14:39:50-04:00March 18, 2010|

Technical assistance in the IMF’s areas of core expertise is not only an important complement to the IMF’s policy advice in many countries but also helps them pursue their broader developmental and poverty reduction strategies by strengthening their capacity in macroeconomic management.
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