Reflections on Quantitative Fiscal Conditionality in African Prgf-Supported Programs

27 Pages Posted: 21 Jun 2006

See all articles by Annalisa Fedelino

Annalisa Fedelino

International Monetary Fund (IMF)

Daria Zakharova

International Monetary Fund (IMF)

Date Written: May 2006

Abstract

We survey quantitative fiscal conditionality in selected sub-Saharan African PRGF-supported 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: Fiscal policy, IMF conditionality, LICs, PRGF

JEL Classification: E61, E62, E63

Suggested Citation

Fedelino, Annalisa and Zakharova, Daria, Reflections on Quantitative Fiscal Conditionality in African Prgf-Supported Programs (May 2006). IMF Working Paper No. 06/118, Available at SSRN: https://ssrn.com/abstract=910683

Annalisa Fedelino (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Daria Zakharova

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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