Definitions of Government in IMF-Supported Programs

Definitions of Government in IMF-Supported Programs

Author: Ms.Claudia Helene Dziobek

Publisher: International Monetary Fund

Published: 2013-05-10

Total Pages: 24

ISBN-13: 1484333837

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This note addresses the following main issues: • Statistical definitions of government (Government Finance Statistics Manual 2001) • Institutional structure of government and public sector • What is a precise definition of government and why it is relevant • Potential pitfalls of lacking a precise definition of government • Definitions of government in IMF-supported programs • Applications for fiscal rules and other fiscal policy design


Book Synopsis Definitions of Government in IMF-Supported Programs by : Ms.Claudia Helene Dziobek

Download or read book Definitions of Government in IMF-Supported Programs written by Ms.Claudia Helene Dziobek and published by International Monetary Fund. This book was released on 2013-05-10 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note addresses the following main issues: • Statistical definitions of government (Government Finance Statistics Manual 2001) • Institutional structure of government and public sector • What is a precise definition of government and why it is relevant • Potential pitfalls of lacking a precise definition of government • Definitions of government in IMF-supported programs • Applications for fiscal rules and other fiscal policy design

Definitions of Government in IMF-Supported Programs

Definitions of Government in IMF-Supported Programs

Author: Claudia Dziobek

Publisher:

Published: 2017

Total Pages: 24

ISBN-13:

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The data referred to in the context of fiscal policy in general, or IMF-supported programs in particular, can reflect different meanings of the term government. What definition of government underlies such indicators as public debt, measures of revenue or expense, and government deficit? For example, do we mean by government just the executive, legislative, and judiciary branches of the national government? Or, are we referring to all entities covered by the general budget of the national government? How about state and local governments? And what about other entities owned by the government, such as nonfinancial corporations (e.g., a utility company) or financial corporations (e.g., a development bank)? In the context of an IMF-supported program, which includes quantitative fiscal targets, the underlying definitions of government should be clearly spelled out. In this paper, we examine whether this has been the case in the recent past, and how best to address this issue in the future.


Book Synopsis Definitions of Government in IMF-Supported Programs by : Claudia Dziobek

Download or read book Definitions of Government in IMF-Supported Programs written by Claudia Dziobek and published by . This book was released on 2017 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The data referred to in the context of fiscal policy in general, or IMF-supported programs in particular, can reflect different meanings of the term government. What definition of government underlies such indicators as public debt, measures of revenue or expense, and government deficit? For example, do we mean by government just the executive, legislative, and judiciary branches of the national government? Or, are we referring to all entities covered by the general budget of the national government? How about state and local governments? And what about other entities owned by the government, such as nonfinancial corporations (e.g., a utility company) or financial corporations (e.g., a development bank)? In the context of an IMF-supported program, which includes quantitative fiscal targets, the underlying definitions of government should be clearly spelled out. In this paper, we examine whether this has been the case in the recent past, and how best to address this issue in the future.

IMF-Supported Programs

IMF-Supported Programs

Author: Mr.Ashoka Mody

Publisher: International Monetary Fund

Published: 2006-04-03

Total Pages: 184

ISBN-13: 9781589063617

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Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.


Book Synopsis IMF-Supported Programs by : Mr.Ashoka Mody

Download or read book IMF-Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

Transparency in Government Operations

Transparency in Government Operations

Author: Mr.J. D. Craig

Publisher: International Monetary Fund

Published: 1998-02-03

Total Pages: 50

ISBN-13: 155775697X

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Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.


Book Synopsis Transparency in Government Operations by : Mr.J. D. Craig

Download or read book Transparency in Government Operations written by Mr.J. D. Craig and published by International Monetary Fund. This book was released on 1998-02-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

Fiscal Adjustment in IMF-Supported Programs

Fiscal Adjustment in IMF-Supported Programs

Author: International Monetary Fund. Independent Evaluation Office

Publisher: International Monetary Fund

Published: 2003-11-17

Total Pages: 128

ISBN-13: 1589062744

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Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.


Book Synopsis Fiscal Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Fiscal Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2003-11-17 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.

Expenditure Conditionality in IMF-supported Programs

Expenditure Conditionality in IMF-supported Programs

Author: Mr.Sanjeev Gupta

Publisher: International Monetary Fund

Published: 2018-12-07

Total Pages: 31

ISBN-13: 1484389077

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This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on specific elements of spending could help achieve a program’s short-term objectives, it is structural conditionality which delivers lasting benefits. Structural public financial management conditionality (such as on budget execution and control) has proven to be effective in boosting the long-term level of education, health, and public investment expenditures. The results further indicate that conditionality on raising such spending may come at the expense of other expenditures. Finally, the successful implementation (and not mere existence) of the conditionality is crucial for improved outcomes. These findings are relevant for policy makers targeting achievement of the Sustainable Development Goals (SDGs).


Book Synopsis Expenditure Conditionality in IMF-supported Programs by : Mr.Sanjeev Gupta

Download or read book Expenditure Conditionality in IMF-supported Programs written by Mr.Sanjeev Gupta and published by International Monetary Fund. This book was released on 2018-12-07 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on specific elements of spending could help achieve a program’s short-term objectives, it is structural conditionality which delivers lasting benefits. Structural public financial management conditionality (such as on budget execution and control) has proven to be effective in boosting the long-term level of education, health, and public investment expenditures. The results further indicate that conditionality on raising such spending may come at the expense of other expenditures. Finally, the successful implementation (and not mere existence) of the conditionality is crucial for improved outcomes. These findings are relevant for policy makers targeting achievement of the Sustainable Development Goals (SDGs).

Government Finance Statistics Manual 2014

Government Finance Statistics Manual 2014

Author: Mrs.Sage De Clerck

Publisher: International Monetary Fund

Published: 2015-03-10

Total Pages: 470

ISBN-13: 1498379214

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The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.


Book Synopsis Government Finance Statistics Manual 2014 by : Mrs.Sage De Clerck

Download or read book Government Finance Statistics Manual 2014 written by Mrs.Sage De Clerck and published by International Monetary Fund. This book was released on 2015-03-10 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.

Policy Statement on IMF Technical Assistance

Policy Statement on IMF Technical Assistance

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2001-04-02

Total Pages: 32

ISBN-13: 9781589060371

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This chapter presents policy statement on IMF technical assistance (TA) programs. The TA programs provide a cooperative framework for the sharing of knowledge and international experience, in a lasting manner, with member countries. The IMF seeks to provide technical assistance as efficiently and effectively as possible in its core substantive areas of competency namely macroeconomic policy formulation and management among others. Technical assistance is provided in a variety of forms. These include IMF staff missions from headquarters; the placement of experts for periods ranging from a few months to a few years. Technical assistance is provided only when requested by a country's authorities. Since the demand for such assistance normally exceeds the resources available from the IMF, a number of considerations are considered in prioritizing country requests. The IMF encourages member countries who have not yet done so to consider providing such complementary financial support to enhance the resources available for technical assistance, preferably in a manner that is as unrestricted as possible.


Book Synopsis Policy Statement on IMF Technical Assistance by : International Monetary Fund

Download or read book Policy Statement on IMF Technical Assistance written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-04-02 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter presents policy statement on IMF technical assistance (TA) programs. The TA programs provide a cooperative framework for the sharing of knowledge and international experience, in a lasting manner, with member countries. The IMF seeks to provide technical assistance as efficiently and effectively as possible in its core substantive areas of competency namely macroeconomic policy formulation and management among others. Technical assistance is provided in a variety of forms. These include IMF staff missions from headquarters; the placement of experts for periods ranging from a few months to a few years. Technical assistance is provided only when requested by a country's authorities. Since the demand for such assistance normally exceeds the resources available from the IMF, a number of considerations are considered in prioritizing country requests. The IMF encourages member countries who have not yet done so to consider providing such complementary financial support to enhance the resources available for technical assistance, preferably in a manner that is as unrestricted as possible.

Good Governance

Good Governance

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1998-09-01

Total Pages: 26

ISBN-13: 9781557756909

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Good governance is important for countries at all stages of development... Our approach is to concentrate on those aspects of good governance that are most closely related to our surveillance over macroeconomic policies- namely, the transparency of government accounts, the effectiveness of public resource management, and the stability and transparency of the economic and regulatory environment for privalte sector activity. Michael Camdessus, IMF Managing Director


Book Synopsis Good Governance by : International Monetary Fund

Download or read book Good Governance written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good governance is important for countries at all stages of development... Our approach is to concentrate on those aspects of good governance that are most closely related to our surveillance over macroeconomic policies- namely, the transparency of government accounts, the effectiveness of public resource management, and the stability and transparency of the economic and regulatory environment for privalte sector activity. Michael Camdessus, IMF Managing Director

Historical Dictionary of the IMF

Historical Dictionary of the IMF

Author: Norman K. Humphreys

Publisher: International Monetary Fund

Published: 2000-06-28

Total Pages: 392

ISBN-13: 1475507240

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IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.


Book Synopsis Historical Dictionary of the IMF by : Norman K. Humphreys

Download or read book Historical Dictionary of the IMF written by Norman K. Humphreys and published by International Monetary Fund. This book was released on 2000-06-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.