Reflections on Quantitative Fiscal Conditionality in African PRGF-Supported Programs

Daria Zakharova and Annalisa Fedelino

No 2006/118, IMF Working Papers from International Monetary Fund

Abstract: We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to countries' specific macro-fiscal situations. The paper also offers some suggestions on how quantitative fiscal conditionality might be further enhanced.

Keywords: WP; debt; financing; GDP; performance criterion (search for similar items in EconPapers)
Pages: 27
Date: 2006-05-01
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2006/118

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