The Fiscal Dimensions of Adjustment in Low-Income Countries

Sanjeev Gupta, Claire Liuksila, Henri Lorie, Walter Mahler and Karim Nashashibi

No 1992/010, IMF Occasional Papers from International Monetary Fund

Abstract: A strengthened fiscal position is at the core of most economic adjustment programs supported by IMF lending, especially for the poorer countries that draw on the IMF's structural adjustment facilities. This paper reviews developments in 23 countries and evaluates their experience with fiscal and structural adjustment, including their efforts to design social safety nets to cushion the effects of adjustment.

Keywords: OP; ESAF program; ESAF country; ESAF arrangement; IMF staff estimate; consolidated government; fiscal year April-March; Public enterprises; Fiscal consolidation; Tax administration core functions; Middle East; Sub-Saharan Africa; Global; Africa; Asia and Pacific; import tariff structure; ESAF framework; Public sector; Caribbean (search for similar items in EconPapers)
Pages: 65
Date: 1992-06-16
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