Fiscal Reforms in Low-Income Countries

Benedict Clements, Liam Ebrill, Sanjeev Gupta, Anthony Pellechio, Jerald Schiff, George Abed, Ronald McMorran and Marijn Verhoeven

No 1998/005, IMF Occasional Papers from International Monetary Fund

Abstract: The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal performance. This study reviews the fiscal reform experience of 36 low-income developing countries that undertook macroeconomic and structural adjustment in the context of the IMF's Structural Adjustment Facility and Enhanced Structural Adjustment Facility during the period of 1985-95.

Keywords: OP; ESAF country; IMF staff estimate; CFA franc; CFA franc country; country authorities; ESAF program; program year; expenditure policy reform; Consumption taxes; Taxes on trade; Capital spending; Africa; Western Hemisphere; Asia and Pacific; revenue ratio; zone African; ESAF participant; Current spending; Tax administration core functions (search for similar items in EconPapers)
Pages: 90
Date: 1998-03-31
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