This Selected Issues paper on Kosovo discusses various challenges and opportunities in the public infrastructure domain. Given the very low initial stocks, largely due to the sharp depletion of capital stock during the conflicts in the 1990s, higher investment rates are needed. The resources available from international development partners, including the European Union (EU), the European Investment Bank and the European Bank for Reconstruction and Development, are a unique opportunity to leverage and accelerate the implementation of priority projects. Strengthening Kosovo’s investment framework is key to achieving this objective. Kosovo faces significant public infrastructure gaps, which constrain private sector development. Scaling-up public investment will raise gross domestic product growth potential and accelerate income convergence toward the EU average level. The priority project list has helped the authorities to prioritize plans and facilitate the discussions and negotiations with donors and International Financial Institutions (IFI). However, implementation so far has been modest, despite the new investment clause of the fiscal rule exempting IFI-financed projects from the deficit ceiling.
This Economic Development Document describes the strategy adopted by the government of Madagascar to reverse the trend of modest economic performance, deteriorating social conditions, and persistent poverty observed in recent years. This strategy addresses the underlying causes of poverty. The primary aim of the fiscal policy is to increase revenue and rationalize budget expenditure to provide ample margins to finance priority spending, specifically social and infrastructure spending. The priorities are to expand the tax base and continuing reform of tax and customs administration, and to eliminate the causes of inefficient public expenditure. The monetary policy is given the role of regulating domestic liquidity to normalize trends in economic activities and achieve the inflation targets of less than 10.0 percent.
Five years into the ongoing and tragic conflict, the paper analyzes how Syria’s economy and its people have been affected and outlines the challenges in rebuilding the economy. With extreme limitations on information, the findings of the paper are subject to an extraordinary degree of uncertainty. The key messages are: (1) that the devastating civil war has set the country back decades in terms of economic, social and human development. Syria’s GDP today is less than half of what it was before the war started and it could take two decades or more for Syria to return to its pre-conflict GDP levels; and that (2) while reconstructing damaged physical infrastructure will be a monumental task, rebuilding Syria’s human and social capital will be an even greater and lasting challenge.
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Kenya. Kenya’s second Medium Term Plan (MTP-2) that covers 2013–2017 seeks to build on the successes of the MTP1. It aims to accelerate growth to reach double-digit levels, to create jobs for the Kenyan youth, and to further reduce the still high poverty levels. It highlights that to reduce maternal mortality, the MTP-2 outlines measures such as free maternal healthcare at the point of delivery and incentives for school enrolment.
This Joint Advisory Note on the Democratic Republic of the Congo discusses economic growth and employment-creating sectors. The agriculture and mining sectors are projected to continue their expansion, while simultaneously raising labor productivity and freeing up labor. The urban population is expected to reach 40 million by 2025, up from an estimated 24 million in 2012. Some of these urban centers will function as service centers for rural areas, but they will be increasingly integrated with international markets through formal and informal trade, partly as a result of better telecommunications. The government’s objective is to boost mining output, and the sector’s contribution to fiscal revenues requires an increase in foreign investment, an improvement in the business climate, and a strengthening of governance.
Bangladesh’s second Poverty Reduction Strategy Paper -- “Steps Towards Change: National Strategy for Accelerated Poverty Reduction II (NSAPR II)” – provides a framework for implementing the government’s agenda during FY09-FY11. First prepared by a Caretaker government,1 the NSAPR II was later revised by the current elected government to reflect its priorities. The NSAPR II outlines five strategic priorities and describes the supporting strategies to achieve them. This Joint Staff Advisory Note (JSAN) provides feedback on priority areas for strengthening the NSAPR II and its implementation.
En Janvier 2009, le gouvernement de la Côte d’Ivoire a publié son premier document complet de stratégie de réduction de la pauvreté (DSRP), s’étendant sur la période allant de 2009 à 2015. Le DSRP a été discuté par les Conseils d’Administration de l’IDA et du FMI respectivement les 27 et 31 Mars 2009. Il est axé autour de 4 conclusions :(i) rétablissement et raffermissement des fondements de la République; (ii) transformation de la Côte d’Ivoire en un pays émergent; (iii) amélioration du bien-être pour tous; (iv) transformation de la Côte d’Ivoire en un acteur dynamique de la scène régionale et mondiale. En février 2011, le gouvernement de la Côte d’Ivoire a publié un Rapport d’Avancement du DSRP, sur la période s’échelonnant de 2009 à 2011. Aucun rapport annuel d’avancement n’a été élaboré en 2010 ou 2011.
This note reviews the Republic of Congo’s Poverty Reduction, Growth and Employment Strategy Paper (PRSP). PRSP outlines a comprehensive framework for the reduction of poverty and emphasizes diversifying the economy to generate employment, provide social services and reduce the vulnerability of its citizens, and strengthen good governance. It can be further strengthened by setting clear, realistic targets, prioritizing and sequencing goals and plans to achieve those goals, and creating systems for monitoring and evaluating the specific projects undertaken.
This Joint Staff Advisory Note focuses on the progress report (PR) of the Poverty Reduction Strategy Paper (PRSP) for Côte d’Ivoire. The PR notes the difficulty of implementing the PRSP in a period of continued political crisis and civil conflict. It emphasizes that economic performance was affected by various domestic shocks. The PR highlights efforts to strengthen public financial management (PFM) and reform the cocoa sector. It also notes several actions undertaken to build and consolidate peace and strengthen social cohesion in the country.
Benin’s program furthers the objectives elaborated in the previous report. It is the result of a broad participative process that engaged all levels of government, the private sector, civil society, and donor partners. Executive Directors commend the program as it provides an adequate framework for poverty reduction. The strategy addresses the critical constraints and challenges facing Benin and builds on its comparative advantages. However, it lacks the specificity required to ensure results. Improving alignment of necessary actions and activities in support of the objectives with realistically available resources will help.