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Author: Mr.Niko A Hobdari
Publisher: International Monetary Fund
ISBN: 1484358260
Category : Business & Economics
Languages : en
Pages : 63
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Book Description
Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective fiscal decentralization reform, focusing on the macroeconomic aspects. The main findings for sub-Saharan African countries that have decentralized, based on an empirical analysis and four case studies (Kenya, Nigeria, South Africa, Uganda), are as follows: • Determinants and effectiveness: Empirical results suggest that (1) the major driving forces behind fiscal decentralization in sub-Saharan Africa include efforts to defuse ethnic conflicts, the initial level of income, and the urban-ization rate, whereas strength of democracy is not an important determi-nant for decentralization; and (2) decentralization in sub-Saharan Africa is associated with higher growth in the presence of stronger institutions. • Spending assignments: The allocation of spending across levels of gov-ernment in the four case studies is broadly consistent with best practice. However, in Uganda, unlike in the other three case studies, subnational governments have little flexibility to make spending decisions as a result of a deconcentrated rather than a devolved system of government. • Own revenue: The assignment of taxing powers is broadly in line with best practice in the four case studies, with the bulk of subnational revenue coming from property taxes and from fees for local services. However, own revenues are a very small fraction of subnational spending, reflecting weak cadaster systems and a high level of informality in the economy.
Author: Mr.Niko A Hobdari
Publisher: International Monetary Fund
ISBN: 1484358260
Category : Business & Economics
Languages : en
Pages : 63
Get Book Here
Book Description
Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective fiscal decentralization reform, focusing on the macroeconomic aspects. The main findings for sub-Saharan African countries that have decentralized, based on an empirical analysis and four case studies (Kenya, Nigeria, South Africa, Uganda), are as follows: • Determinants and effectiveness: Empirical results suggest that (1) the major driving forces behind fiscal decentralization in sub-Saharan Africa include efforts to defuse ethnic conflicts, the initial level of income, and the urban-ization rate, whereas strength of democracy is not an important determi-nant for decentralization; and (2) decentralization in sub-Saharan Africa is associated with higher growth in the presence of stronger institutions. • Spending assignments: The allocation of spending across levels of gov-ernment in the four case studies is broadly consistent with best practice. However, in Uganda, unlike in the other three case studies, subnational governments have little flexibility to make spending decisions as a result of a deconcentrated rather than a devolved system of government. • Own revenue: The assignment of taxing powers is broadly in line with best practice in the four case studies, with the bulk of subnational revenue coming from property taxes and from fees for local services. However, own revenues are a very small fraction of subnational spending, reflecting weak cadaster systems and a high level of informality in the economy.
Author: Mr.Enrique Gelbard
Publisher: International Monetary Fund
ISBN: 1513550012
Category : Business & Economics
Languages : en
Pages : 99
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Book Description
This paper analyzes the persistence of fragility in some sub-Saharan African states and the multiple dimensions of state weakness that are simultaneously at play. This study also provides an overview of the analytics of fragility, conflict, and international engagement with fragile states before turning to an assessment of the current state of affairs and the areas in which there has been progress in building resilience. The paper also looks at the role of fiscal policies and institutions and analyzes growth accelerations and decelerations. Seven country case studies help identify more concretely some key factors at play, and the diversity of paths followed, with an emphasis on the sequencing of reforms. The paper concludes with a summary of the main findings and policy implications.
Author: Pernechele, V., Fontes, F., Baborska, R., Nkuingoua, J., Pan, X., Tuyishime, C.
Publisher: Food & Agriculture Org.
ISBN: 9251343446
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
Monitoring and analysing food and agriculture policies and their effects is crucial to support decision makers in developing countries to shape better policies that drive agricultural and food systems transformation. This report is a technical analysis of government spending data on food and agriculture during 2004–2018 in 13 sub-Saharan African countries – Benin, Burkina Faso, Burundi, Ethiopia, Ghana, Kenya, Malawi, Mali, Mozambique, Rwanda, Senegal, Uganda and the United Republic of Tanzania. It analyses the level of public expenditure, including budget execution, source of funding and decentralized spending, as well as the composition of expenditure, including on producer or consumer support, research and development, infrastructure and more to reveal the trends and challenges that countries are facing. It also delves into the relationship between the composition of public expenditure and agricultural performance.As a way forward for future policymaking, the report offers a set of recommendations to strengthen policy monitoring systems and data generation for effective public investments in food and agriculture.The report is produced by the Monitoring and Analysing Food and Agricultural Policies (MAFAP) programme at FAO in collaboration with MAFAP country partners.
Author: Mr.Amadou N Sy
Publisher: International Monetary Fund
ISBN: 1484385667
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484309855
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
This Selected Issues paper provides an overview of social safety nets (SSNs) in Pakistan and uses a frontier analysis approach to assess their efficiency in reducing poverty and inequality. SSNs in Pakistan were significantly strengthened over time but remain small against regional and emerging markets’ averages. The analysis suggests that stepping up public expenditure in SSNs is needed to alleviate still high poverty and inequality. To this end, finalizing the update of the Benazir Income Support Program beneficiaries’ database, broadening its coverage, and stepping up educational transfers is key. In parallel, continuing the energy subsidies reform would create fiscal space to strengthen SSNs and priority social spending.
Author: Meleckidzedeck Khayesi
Publisher: Springer Nature
ISBN: 303106089X
Category : Political Science
Languages : en
Pages : 386
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Book Description
Where can one get a synthesis of research findings on urban development planning in Africa? This book addresses this gap in knowledge by distilling existing research to provide insights into theories, research designs, empirical findings and approaches on urban development planning in Africa. Starting with the overall planning culture and strategies, the book chapters move on to specific themes such as governance, population, poverty, water, recreation, transport, agriculture, air quality and rural-urban linkages. This book reduces the prevailing risk of unnecessary duplication of research and the inadequate attention that is being given to extending research in new areas. This situation has partly been due to existing research remaining scattered in different organizations and publications and has not been subjected to critical synthesis to unearth any new developments that it contains. The book makes available research findings to be utilized in current and future urban development planning in Africa.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1484375491
Category :
Languages : en
Pages : 36
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Book Description
This paper focuses on several IMF publications published in the winter of year 2018. Realizing Indonesia’s Economic Potential book uncovers some of the forces that are likely to shape Indonesia’s economy. It analyses the constraints to growth, propose options to boost economic growth, and explore key issues policymakers will need to handle in the future. The ASEAN Way: Sustaining Growth and Stability book provides a comprehensive account of how Association of Southeast Asian Nations, its individual members and as a group, rose above its worst regional financial crisis 20 years ago, to become one of the most resilient in the face of the worst global financial crisis just a decade later. The challenges faced and the policy responses taken, chronicled and analyzed in this study, can hopefully provide further lessons as we face a new global policy paradigm. It is a must-read for academics, the financial community, and policymakers alike.
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251335516
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
This report presents insights and emerging lessons on food systems governance from the experience of nine cities that have developed urban food interventions – Baltimore, Belo Horizonte, Lima, Medellín, Nairobi, Quito, Seoul, Shanghai and Toronto – and draws on diverse sources of secondary information regarding the experiences of other cities throughout the world. It highlights entry points for the governance of urban food systems issues; common procedural and content-related considerations when addressing those issues; predominant governance models; and operational opportunities for future investment. Successful examples can encourage other local governments to adapt new approaches and innovate within their own context. Every city will need to navigate the political economy to customize their choices and interventions to local circumstances, priority problems and economic opportunities.
Author: George Auma Kararach
Publisher: Taylor & Francis
ISBN: 1000582035
Category : Political Science
Languages : en
Pages : 332
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Book Description
The book examines the failures and some of the successes of Africa in its efforts to transform into a society where human security or development in the broadest sense is achieved. It is argued the African continent had, and will continue, to content with disruptions or change on its path to development. Development policy making in this regard, is an art of setting out strategies to build resilience and take advantage of disruptions or change in whatever format: political, economic, health, diplomatic, demographic or even environmental and climatic. The book discusses nine major disruptions in Africa’s socio-economic life and the limits imposed by the rhetoric in development policy: exclusion and social inequality, environmental degradation and climate change, natural resources and poor beneficiation, trade and aid, food insecurity, demography and migration, pandemics and disease burden, conflict and criminality and technology and innovation. The book is intended for intermediate students in African studies, Area Studies, Development Economics, Development Studies, Public Policy and Comparative Politics. In addition will be development practitioners working in developing countries, the UN system, multilateral development banks, donor agencies and regional economic communities in Africa.
Author: Eswar Prasad
Publisher: Brookings Institution Press
ISBN: 0815738544
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "
