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Books and Analytical Papers > IMF Staff Country Reports

You are looking at 1 - 9 of 9 items for :

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  • Sustainable Development x
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Cover IMF Staff Country Reports
Union of the Comoros: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper focuses on the costing and financing of social development goals (SDG) in Comoros. Comoros is committed to achieve SDGs, but progress has been limited. This paper uses two models—a costing model and a financing model—to illustrate the large costs of reaching some of the SDGs related to social, human capital and infrastructure by the target year of 2030 and to highlight particular cost drivers. The substantial cost of achieving SDG, 18.8 percent of 2030 gross domestic product, is due to the country’s very low starting point and the inherent difficulties associated with its small size. The persistently very weak domestic resources are another reason for the substantive cost of achieving SDGs. The ongoing commitments of the authorities in the Extended Credit Facility program, with a focus on enhancing domestic revenue mobilization is a key to achieve better outcomes in this area. The fiscal space generated by the program could be both used to restore debt sustainability and to accelerate the achievement of SDGs in Comoros.
Keywords:
fuel price subsidy; budget proposal; import demand elasticity; Brent Crude oil price; health indicator; financing tool; Taxes on trade; Fuel prices; Energy subsidies; Sub-Saharan Africa; Africa; Southern Africa; Global
Cover IMF Staff Country Reports
Angola: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper explores development planning, sustainable development goals (SDG) progress, and fiscal space in Angola. Economic diversification and poverty reduction in Angola will require more and better-quality spending on human and physical capital and, thus, greater fiscal space. Spending in these areas has historically been lower relative to lower middle-income country peers, although broadly in line with other SSA countries, and with weak outcomes. Boosting human and physical capital with the goal of economic diversification and poverty reduction in mind will likely be a primary focus of the authorities’ 2023-27 National Development Plan. This paper finds that achieving those goals, as benchmarked by the SDGs, will entail greater and more targeted investment, with the largest spending needs falling around education and health. As such, creating additional fiscal space, following through on the structural fiscal reform agenda, and attracting private investment will all be critical components of improving the level and quality of development spending in Angola.
Keywords:
SDG progress; D. SDG performance; financing framework; growth disorder; guarantee scheme; Credit; Sustainable Development Goals (SDG); Health care spending; Total expenditures; Global
Cover IMF Staff Country Reports
Angola: Temas Seleccionados
International Monetary Fund. African Dept.
Temas Seleccionados
Keywords:
SDG progress; D. SDG performance; financing framework; growth disorder; guarantee scheme; Credit; Sustainable Development Goals (SDG); Health care spending; Total expenditures; Global
Cover IMF Staff Country Reports
Solomon Islands: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper on the Solomon Islands quantifies additional spending needs for Solomon Islands to achieve key Sustainable Development Goals (SDGs) targets by 2030. The estimate indicates annual additional spending needs of about 6.9 percent of 2030 gross domestic product. Higher investment in energy infrastructure, including on renewable energy, is a key priority to strengthening climate change adaptation and paving the way toward a low-carbon transition. Creating fiscal space for projects with climate-proofing components through budget reallocation, while improving spending efficiency, would raise economic returns by building climate resilience. An integrated financing strategy with a mix of additional concessional financing and front-loaded fiscal measures, including domestic revenue mobilization, is needed and should be properly sequenced to achieve SDGs by 2030. The SDGs and climate commitment should be integrated into the existing public financial management reform agenda to achieve climate-sensitive development goals.
Keywords:
D. Policy discussion; priority investment list; spending Needs; secondary education; development spending needs; Sustainable Development Goals (SDG); Infrastructure; Renewable energy; Asia and Pacific
Cover IMF Staff Country Reports
The Gambia: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
background documentation; infrastructure gap; SDG financing framework; infrastructure governance institution; public spending efficiency; SDG financing simulation; IMF staff calculation; Infrastructure; COVID-19; Expenditure efficiency; Sustainable Development Goals (SDG); Africa; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
Nigeria: Technical Assistance Report-Additional Spending Toward Sustainable Development Goals
International Monetary Fund. Fiscal Affairs Dept.
The contents of this report constitute technical advice provided by the staff of the IMF to the authorities of Nigeria in response to their request for technical assistance. Unlocking the potential of a rapidly growing population requires substantial improvements in human and physical capital. Nigeria is Africa’s most populous country and its largest economy. Recognizing challenges, Nigeria has embraced the Sustainable Development Goals (SDGs) Agenda. The Economic Recovery and Growth Plan 2017–2020 gives prominence to economic, social and environmental issues. This report assesses additional spending associated with making substantial progress along the SDGs. The report focuses on critical areas of human and physical capital. For each sector, the report documents progress to date, assesses Nigeria relative to peers, highlights challenges, and estimates the spending to make substantial SDG progress. Nigeria has shown gradual improvements in education. A gradual and strategic approach should be considered given the relatively large additional spending.
Keywords:
ISCR; CR; Nigeria; authority; IMF staff calculation; road density; insurance system; electricity consumption; Purchased Power Parity dollar; healthcare system; Public expenditure review; Health care spending; Africa; Global; Sustainable Development Goals (SDG)
Cover IMF Staff Country Reports
Cambodia: 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Cambodia
International Monetary Fund. Asia and Pacific Dept
This 2019 Article IV Consultation with Cambodia discusses stable macroeconomic environment, strong growth and ongoing structural reforms have contributed to significant progress toward Sustainable Development Goals (SDGs). However, uncertainties including slower global growth and potential suspension of preferential market access under the Everything but Arms (EBA) scheme highlight the importance of maintaining macroeconomic stability while meeting still large development needs, addressing elevated financial sector vulnerabilities, and accelerating structural reforms. Continued strong revenue mobilization efforts and a prudent fiscal stance supported by restraining nondevelopment current spending will allow additional spending to address development needs. Expenditures should be oriented toward supporting inclusive growth through priority infrastructure investment, as well as health and education spending. Policies should be geared toward addressing sizeable spending needs to reach SDG targets in health, education and infrastructure, with support from the private sector and international donors. Accelerated implementation of structural reforms is needed to remove structural constraints to growth, correct external imbalances, address governance and corruption weaknesses and promote sustainable and inclusive development.
Keywords:
ISCR; CR; debt; authority; deficit; expenditure prioritization; financing vulnerability; broad money; headline inflation; debt stock; PPG debt; Public investment and public-private partnerships (PPP); Infrastructure; Public investment spending; Global; Asia and Pacific
Cover IMF Staff Country Reports
The Kyrgyz Republic: Poverty Reduction Strategy Paper
International Monetary Fund. Middle East and Central Asia Dept.
This Poverty Reduction Strategy Paper on Kyrgyz Republic highlights that the period 2009 through filled with symbolic events marked a new milestone in the Kyrgyz Republic development and will enter the country’s history as the period of strength test for the Kyrgyz statehood and entire public administration system including socio-political, economic, environmental, financial and other areas of development management. The country development background during that period included the world financial crisis and growing uncertainty on world markets which created risks for all market actors including the Kyrgyzstan’s key trade partners such as Russia, Kazakhstan, and China. The government officially declared the country’s sustainable development-oriented policy. For Kyrgyzstan as a country with its still high poverty level, particularly in rural areas, and limited natural and financial resources, the sustainable development policy seems today’s logically and politically justified choice. The sustainable development model itself suggests striving for systemic, comprehensiveness, and balance in development. Transition to sustainable development suggests considering economic growth through the prism of human values and reasonable use of natural resources.
Keywords:
ISCR; CR; Kyrgyz Republic government; staff training; community development; customs union; education system; feasibility study; foreign trade; government regulation; labor market; national budget; sustainable development; value chain; economic system; civil society; risk management; Sustainable development; Global; Central Asia
Cover IMF Staff Country Reports
Bangladesh: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
International Monetary Fund. Asia and Pacific Dept
Executive Directors commend Bangladesh in addressing the major challenges to growth and poverty reduction. The strategy is comprehensive and confronts the key issues impeding sustainable development and inclusive growth in Bangladesh. Implementing sound macro-financial policies, intensifying revenue mobilization, improving the business environment, ensuring trade liberalization, and improving governance and accountability are top priorities. Actions should be sequenced according to these priorities. Severe external shocks could reignite macroeconomic pressures and undermine socioeconomic targets.
Keywords:
ISCR; CR; policy; government; SFYP poverty target; SFYP growth target; SFYP risk; private sector; government's SFYP; Bangladesh's Sixth Five Year Plan; government institution; SFYP's recognition; recognition of public-private partnership; Poverty reduction; Urbanization; Public investment and public-private partnerships (PPP); South Asia; Global