How to Manage Public Investment During a Postcrisis Recovery

How to Manage Public Investment During a Postcrisis Recovery PDF Author: Mr. Richard I Allen
Publisher: International Monetary Fund
ISBN: 1513584413
Category : Business & Economics
Languages : en
Pages : 25

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Book Description
Public investment is likely to be an important component of any postcrisis recovery program. As countries work to ensure a smart, green, fair recovery, investing in modern, resilient, and efficient infrastructure assets will be key. This How to Note discusses how countries should manage public investments to recover from the COVID-19 pandemic and similar crises. It provides countries with guidance on making efficient use of public investment to support economic recovery on three different capacity levels: basic, medium, and advanced.

How to Manage Public Investment During a Postcrisis Recovery

How to Manage Public Investment During a Postcrisis Recovery PDF Author: Mr. Richard I Allen
Publisher: International Monetary Fund
ISBN: 1513584413
Category : Business & Economics
Languages : en
Pages : 25

Get Book

Book Description
Public investment is likely to be an important component of any postcrisis recovery program. As countries work to ensure a smart, green, fair recovery, investing in modern, resilient, and efficient infrastructure assets will be key. This How to Note discusses how countries should manage public investments to recover from the COVID-19 pandemic and similar crises. It provides countries with guidance on making efficient use of public investment to support economic recovery on three different capacity levels: basic, medium, and advanced.

Well Spent

Well Spent PDF Author: Mr.Gerd Schwartz
Publisher: International Monetary Fund
ISBN: 1513511815
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

PIMA Handbook

PIMA Handbook PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513571826
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
This handbook is aimed at anyone who is involved in a Public Investment Management Assessment (PIMA) or who has a practical interest in public investment management. It is intended to be useful for country authorities, IMF staff, staff of other financial institutions and development organizations, and anyone who is interested in exploring different aspects of public investment management to understand how country systems are designed and how they work in practice.

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

Mastering the Risky Business of Public-Private Partnerships in Infrastructure PDF Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Economics of Sovereign Wealth Funds

Economics of Sovereign Wealth Funds PDF Author: Mr.Udaibir S. Das
Publisher: International Monetary Fund
ISBN: 1589069277
Category : Business & Economics
Languages : en
Pages : 330

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Book Description
The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Managing Currency Crises in Emerging Markets

Managing Currency Crises in Emerging Markets PDF Author: Michael P. Dooley
Publisher: University of Chicago Press
ISBN: 0226155420
Category : Business & Economics
Languages : en
Pages : 456

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Book Description
The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society. Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.

World Economic Outlook, October 2018

World Economic Outlook, October 2018 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 148437679X
Category : Business & Economics
Languages : en
Pages : 215

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Book Description
Global growth for 2018–19 is projected to remain steady at its 2017 level, but its pace is less vigorous than projected in April and it has become less balanced. Downside risks to global growth have risen in the past six months and the potential for upside surprises has receded. Global growth is projected at 3.7 percent for 2018–19—0.2 percentage point lower for both years than forecast in April. The downward revision reflects surprises that suppressed activity in early 2018 in some major advanced economies, the negative effects of the trade measures implemented or approved between April and mid-September, as well as a weaker outlook for some key emerging market and developing economies arising from country-specific factors, tighter financial conditions, geopolitical tensions, and higher oil import bills. The balance of risks to the global growth forecast has shifted to the downside in a context of elevated policy uncertainty. Several of the downside risks highlighted in the April 2018 World Economic Outlook (WEO)—such as rising trade barriers and a reversal of capital flows to emerging market economies with weaker fundamentals and higher political risk—have become more pronounced or have partially materialized. Meanwhile, the potential for upside surprises has receded, given the tightening of financial conditions in some parts of the world, higher trade costs, slow implementation of reforms recommended in the past, and waning growth momentum.

Routledge Handbook on Cultural Heritage and Disaster Risk Management

Routledge Handbook on Cultural Heritage and Disaster Risk Management PDF Author: Rohit Jigyasu
Publisher: Taylor & Francis
ISBN: 1003815510
Category : Science
Languages : en
Pages : 459

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Book Description
This Handbook provides a comprehensive and interdisciplinary overview of the intersections between cultural heritage and disaster risks. It serves as a defining reference, presenting the key concepts and policy arena that disaster risk management and cultural heritage currently operate. With 22 contributions from leading scholars and practitioners in the field, chapters explore the various contexts for cultural heritage and disaster risk management, illustrated through case studies from around the world. The Handbook is organised into 4 parts: Part 1 includes Disaster Risk Management and Cultural Heritage, Part 2 helps to Understanding the context, Part 3 focuses on the challenges and Part 4 delves deep into the future prospects. This Handbook provides insights a wide range of topics and themes, such as climate change, conflict, urbanisation, the role of community, and examines the relationships with a range of sectors such as governance and policy, finance, infrastructure, shelter, and urban planning. It also presents critiques on issues that are often taken for granted, including technocratic approaches, nature/culture binary, the romanticisation of traditional knowledges and the role of recovery and reconstruction. Insights into the future are also presented, and the Handbook concludes with a detailed agenda of proposed action to be taken in the field. Offering critical reflections on the topic, this book caters to students, researchers, professionals, and policy makers in the fields of disaster studies, cultural studies, heritage studies, conservation and geography.

Post-conflict Economic Recovery

Post-conflict Economic Recovery PDF Author: John F. E. Ohiorhenuan
Publisher: United Nations Development Programme
ISBN:
Category : Business & Economics
Languages : en
Pages : 270

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Book Description
The UNDP Crisis Prevention and Recovery Report 2008 titled Post-Conflict Economic Recovery: Enabling Local Ingenuity, is a comprehensive analysis focusing on three critical factors: the importance of local ingenuity to guide recovery, the state s role in promoting this ingenuity, and the policies needed to rebuild battered economies and reduce the risk of conflict recurrence. The study cites examples of countries that have succeeded in rekindling post-conflict economies and those that continue to flounder, discussing the foundations that are so vital to foster post-conflict economic recovery.

Building Integrated Economies in West Africa

Building Integrated Economies in West Africa PDF Author: Mr.Alexei P Kireyev
Publisher: International Monetary Fund
ISBN: 1513511831
Category : Business & Economics
Languages : en
Pages : 404

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Book Description
The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.