Expenditure Issues and Governance in Central America

Ana Corbacho and Hamid Davoodi

No 2002/187, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes Central America's track record on inequality, poverty, and quality of fiscal adjustment in relation to economic growth; health and education outcomes; adequacy of social safety nets; and governance. It then assesses the degree to which the track record can be traced to reforms in public expenditure and governance. Despite the considerable heterogeneity among the countries in the region, there are some policies that all countries need to pursue. Sustained growth and a better quality of fiscal adjustment are needed, as well as policies aimed at increasing individuals' productivity and improving governance.

Keywords: WP; public spending; wage; government; Honduras; Expenditure issues; fiscal adjustment; poverty; inequality; health; education; social safety nets; governance; Central America; teacher wage; government education spending; wage bill; teacher certification test; per capita income; Central American country; growth track record; capital investment; teachers' wage; teacher quality; management system; lagging country; Income inequality; Health care spending; Sub-Saharan Africa; South Asia; East Asia (search for similar items in EconPapers)
Pages: 32
Date: 2002-11-01
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