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Fiscal policy in low-income Africa

Steven O'Connell

No 39, Policy Research Working Paper Series from The World Bank

Abstract: This paper reviews the literature and country experience on the macroeconomics of fiscal policy in low income Africa. Given the experience of the 70's and 80's, the ultimate focus of the discussion must be the interaction of fiscal policy with the challenges of stabilization and structural adjustment. Two dominant themes emerge for fiscal policy. The first is the importance of overall fiscal restraint as a precondition for success of stabilization and structural adjustment efforts. The second is the importance of improved public sector performance in delivering infrastructural services.

Keywords: Economic Stabilization; Environmental Economics&Policies; Economic Theory&Research; Public Sector Economics&Finance; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1988-07-31
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