International Bank for Reconstruction and Development, Program Document for a Proposed Financial Sector Adjustment Loan in the Amount of US$ 15 Million to the Republic of Paraguay PDF Download
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Author:
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Category : Banks and banking
Languages : en
Pages : 97
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Author:
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ISBN:
Category : Banks and banking
Languages : en
Pages : 97
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Author:
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Category : Economic development projects
Languages : en
Pages : 75
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The objectives of the Government's program, to be supported by the Project, are to improve public sector management, and fiscal sustainability. These would support a solid economic recovery in the medium-term, that would pave the way for sustained higher growth rates, a return to positive per capita economic growth, and significant poverty reduction. This single-tranche loan supports the presentation to Congress of a budget consistent with attaining a primary surplus for 2004, and financial sector reforms to reduce the fiscal liabilities associated with poor banking resolution practices, and deposit guarantee schemes. The operation also backs the presentation to Congress of major reforms in the tax system, in the public sector pension scheme, and in the customs code, and, supports numerous actions in improving public sector administration, including, but not limited to, the implementation of the newly regulated public procurement law; censuses of public sector employees, and of the contributors and beneficiaries of the public pension scheme; and, the adoption of a financial management action plan to enhance transparency, and strengthen audit, and independent review functions. Nevertheless, a key risk is the absence of a track record in implementing high-quality reforms. The government's reform strategy is an ambitious one, with major reforms to be approved by Congress within a short period of time. Efforts to tackle corruption, and increase efficiency in the public sector figure prominently in this strategy, and could ignite resistance and unrest, possibly resulting in a retreat from, or dilution of, the reform agenda. Mitigating these risks are the new administration's concerted efforts to reach a wide-ranging political consensus for its reform program.
Author: David E. Yuravlivker
Publisher:
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Category :
Languages : en
Pages : 49
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Author:
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Category : Banks and banking
Languages : en
Pages : 69
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The government's fiscal and institutional reform agenda is supported by the Bank through the series of four single-tranche Fiscal and Institutional Adjustment Loans (FIAL). The objectives of this series of loans are two: first, to promote reforms addressing fiscal rigidities necessary to attain the substantial fiscal adjustment underlying sustainable macroeconomic stability; and second, to improve the provision of public services and establish the institutional basis for higher efficiency and accountability in public expenditure. The specific objectives of the FIAL program are to: (i) increase tax revenue and reduce distortions in the tax system; (ii) modernize the tax administration; (iii) promote the development of a sound fiscal responsibility legal framework; (iv) reduce losses and generate revenues through improved asset management; (v) prevent massive losses to the State from judicial claims; (vi) improve budget management with modem tools and legal reforms; (vii) develop incentives for efficiency gains in subnational entities; (viii) strengthen the public sector procurement system; (ix) improve performance through management contracts for agencies; and (x) support a coherent and comprehensive reform implementation process. This Second Programmatic Fiscal and Institutional Structural Adjustment Loan Project focuses on the following elements: (i) issuance of all legislation to regulate the application of the tax reform law; (ii) further improvements in tax administration,
Author:
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ISBN:
Category : Banks and banking
Languages : en
Pages : 78
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Author:
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ISBN:
Category : Banks and banking
Languages : en
Pages : 97
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The objective of the loan is to complete the clean up of the banking system as a result of the 1999-2001 crisis, and to strengthen the government's capacity to manage and mitigate weaknesses in the financial system. A key aspect of the proposed program is the design of a multi pronged effort to first dispose of the financial system's residual loan assets by developing more agile and modern financial instruments and fiduciary arrangements to package, and sell loan assets. The project also aims to strengthen and diversify the participation of the housing mortgage market including improved access to finance for the micro sector, as well as strengthening non bank financial services, and securities institutions in the financial system. The securitization industry will be further developed to support bank asset sales, to provide more liquidity to the mortgage industry, and to help develop the capital markets. A reform of the entire securities legislation will be conducted as part of the program's second phase, to promote a more agile development of the local capital market. This will involve reforming corporate governance and disclosure standards as well as proper criteria for securities industry participants.
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Category : Human services
Languages : en
Pages : 102
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Author:
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Category : Fiscal policy
Languages : en
Pages : 130
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Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158
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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
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Category : Urban transportation
Languages : en
Pages : 106
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