Andy Berg writes to tell me about a new IMF policy note on fiscal policy responses to the current crisis in Sub-Saharan Africa and the big news is that the IMF now thinks there is a role for increasing fiscal deficits even in some of the word's poorest countries. As Andy puts it,
About 2/3 of the countries in Sub-Saharan Africa now have low-to-moderate risk of debt distress, the way we calculate it. There may be some scope for some fiscal stimulus in many of these countries. Part of the case for not adjusting too sharply is that scaling down investment projects can be quite disruptive; to do it well puts a lot of demands on fiscal institutions. We note the contrast with "scaling up" of public investments, which is institutionally much more demanding.
In countries with fiscal space, the IMF recommends ramping up spending on Infrastructure and social safety nets (and not cuts in taxes, which the paper says would be inequitable).
The IMF hasn't totally given up on fiscal prudence of course. The paper warns that in resource-based economies, where the shock is concentrated in one or two sectors, the fiscal stimulus is unlikely to put capital and labor back to work since inter-sectoral mobility will be limited. It also asks that any fiscal stimulus be reversible to prevent debt problems down the line.
Makes a lot of sense to me.
I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm
Posted by: lachou | July 26, 2010 at 03:57 AM
I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm
Posted by: lachou | July 26, 2010 at 03:58 AM
I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm
Posted by: lachou | July 26, 2010 at 04:10 AM
The article written by you very good, I like it very much. I will keep your new article.
Posted by: womens uggs | July 26, 2010 at 08:55 PM
I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm
Posted by: lachou | July 26, 2010 at 10:36 PM
Economy isn't that hard to gamble. You just need to know the cause and effect of every decision that you are making. One commenter told here that you need to spend in order to have a good result. It's absolutely true because the government and businesses depend on you as a citizen, as a consumer.
Posted by: web design | July 31, 2010 at 05:38 PM
Action Handling Equipment Ltd is one of the most trusted names in the UK when it comes to material handling equipment, lifting equipment, office supplies, industrial weighing equipment, packaging and warehouse equipment.
Posted by: Lifting Equipment | August 02, 2010 at 05:32 AM
your artical is very interesting, and i also have a brilliant website to share with you. http://www.worthmall.com . thanks. you won't be a loss to visit it. maybe you can get something you are favorite.
Posted by: Coach handbag | August 07, 2010 at 02:15 AM
Great bloggers must be passionate about what they are writing about. I truly believe if you are writing about things you are not interested or knowledgeable in, it will show in your writing and http://www.fadilx.com to your readers.
Posted by: wholesale jardan shoes | August 07, 2010 at 02:27 AM
why the teas in my eyes,becuse i love it so deeply.
Posted by: ugg classic | August 09, 2010 at 11:12 PM
They advocated Japan should run a fiscal stimulus as high as 5% of G.D.P if necessary,
Posted by: lv handbags | August 11, 2010 at 09:51 PM
I can accept failure, but can not accept to give up.”He always called the god of basketball
good~~
Posted by: louis vuitton on sale | August 11, 2010 at 09:58 PM
Interesting reports futuristic artery almost the flowery deployment at government, gloriously the firstly family. Maybe habitual gilding drowsy is that it seems gilding disadvantageous gaudy is futuristic by the mainstream media? Here’s a duo ebullient links: Michelle Obama and 40 of her borders follower’s of dethrone are vacationing encompassing Spain.
Posted by: Dj Shah | August 13, 2010 at 01:58 AM
It does not exactly say that people, I had no problem with gucci square watches accuracy. In fact, I think it's very accurate. Because satellite radio in my car when I was very worried about it,
Posted by: replica gucci watches | August 17, 2010 at 02:08 AM
I must say that it's a very interesting article. I get a lot of knowledge from here. Beside that, your blog is so popular among the searchers from search engines. It means yours is great!
Posted by: jordan shoes | August 20, 2010 at 01:10 AM
Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.
Posted by: authentic jordans | August 24, 2010 at 01:49 AM
http://www.cheapuggboots-sale.com/
http://www.cheapuggboots-sale.com/
I can accept failure, but can not accept to give up.”He always called the god of basketball
Posted by: cheap ugg boots sale | September 02, 2010 at 11:00 AM
famous among UK,USA and all over the world. http://www.buymbtfootwear.com/
http://www.buymbtfootwear.com/
http://www.buymbtfootwear.com/
Posted by: mbt shoes sale | September 02, 2010 at 11:05 AM
that it seems gilding disadvantageous gaudy is futuristic by the mainstream media? Here’s a duo ebullient links: Michelle Obama and 40 of her borders follower’s of dethrone are vacationing encompassing Spain. http://www.buymbtfootwear.com/
http://www.buymbtfootwear.com/
http://www.buymbtfootwear.com/
Posted by: cheap mbt shoes | September 02, 2010 at 11:07 AM
Very good pictures. Very meaningful! Thanks for sharing with us .This will greatly help me.Thanks very much.And I also have something for sharing as: http://www.cl-shoescom.com
Posted by: ouyang | September 03, 2010 at 04:00 AM
zayıflama aleti relax tone
http://www.masaj-aleti.com
Posted by: relax tone | September 06, 2010 at 07:32 AM
As empty vessels make the loudest sound, so they that have least wit are the greatest babblers. (Plato, Ancient Greek Philosopher)
Posted by: Jordan Flight 45 | September 07, 2010 at 01:55 AM
It's a greate blog !
http://www.bodytemptation.com
Posted by: chippendales | September 07, 2010 at 11:16 AM
Not sure if I concur, anyways thanx for the information ;) By the way, can I contact you about your blog?
Nancy!
http://www.webhostingreviewz.com/inmotionhosting-review/
Posted by: inmotion review | September 19, 2010 at 08:37 PM
It is diplomatic.
=================
my cliche terms
Posted by: Account Deleted | September 29, 2010 at 05:52 AM
Do you want to upgrade your image to gain more confidence?
Welcome to our site for replica watches. Nice watches at surprising
Posted by: directional boring contractors | October 04, 2010 at 03:01 AM
many countries are depending on IMF to fill their fiscal space. IMF should not take this as advantage.
Posted by: the music man | October 15, 2010 at 01:06 AM
Japan has some of the highest debt to G.D.P ratios in the entire world.I can accept failure, but can not accept to give up
Posted by: the hunter of the mists | October 30, 2010 at 02:57 AM
me. I'm sure if there were a sudden vacancy in a congressional district, where a soon-to-be-termed out democratic senator felt certain they could win, they would go for that seat in a heartbeat, without giving any thought to the cost of the special election
Posted by: uggkicks | November 07, 2010 at 04:56 AM
IF you will come in my country ( Romania ) you will be amazed of the fiscal policy and all fiscal related matter, i think is one of the expensive country in half of europe.
Posted by: PADI IDC | November 07, 2010 at 12:43 PM
Your blog is surely good one as well as this article. I just loved it and I am sure you have got more better ones too.
Posted by: Gold Wedding Rings | November 11, 2010 at 11:40 PM
I agree that it was a better site compare to other site.
Posted by: lite journal | November 13, 2010 at 01:24 AM
It was nice to read this. At least someone out here writes on those topics that are more important.I will be here to see such things more.
Posted by: predictive dialers | November 15, 2010 at 12:49 PM
he 90s was the decade when the Taliban were in power in Afghanistan and it had a spill-over effect on the bordering areas of Pakistan, along the Durand line in NWFP and Balochistan. And that probably seeped into Punjab and Sindh gradually.
Posted by: mbt shoes sale | November 17, 2010 at 08:01 AM
If only all countries had this time of fiscal policy, a lot more people will be richer.
Posted by: hotel software | November 18, 2010 at 11:52 AM
I agree that ABC is better than XYZ, especially when it comes to quality. I have been using ABC for the last 3 years it never dissapointed me. Does anybody know when the new version is coming out?
Posted by: poignant reality | November 27, 2010 at 01:47 AM
I agree that ABC is better than XYZ, especially when it comes to quality. I have been using ABC for the last 3 years it never dissapointed me. Does anybody know when the new version is coming out?
Posted by: poignant reality | November 27, 2010 at 01:49 AM
how 2 compose?
woman_in_the_stone82@gmail.com
http://www.2compose.com/
I agree that ABC is better than XYZ, especially when it comes to quality. I have been using ABC for the last 3 years it never dissapointed me. Does anybody know when the new version is coming out?
Very good can take one? XD
Posted by: Apps 55753818692 100000791660922 A63d40033f6cab2f6f7debd48e250e62 | January 20, 2011 at 09:07 AM
raf
Thanks for sharing.
Posted by: Account Deleted | March 04, 2011 at 05:34 AM
http://www.rafsistemleri.eu
Thanks for sharing.
Posted by: Account Deleted | March 05, 2011 at 05:33 AM
Louis Vuitton release, the latest price information and Louis Vuitton sale events, the most helpful shopping guild and buying tips.
Hosted Predictive Dialer
Posted by: Account Deleted | April 07, 2011 at 02:07 AM
Hi!I have learned a lot about IMF. Thank you very much for the useful info.
Forex brokers review
Posted by: Account Deleted | May 31, 2011 at 10:16 AM
Sometimes, IMF advice is not always good for some countries, especially developing countries. In other words, IMF is just trouble maker.
http://www.howto-makeyourpenisbiggernaturally.com
Posted by: Mario Santos | June 21, 2011 at 04:43 AM
Nice post, I'll come back again.
http://www.howtoprolong-ejaculation.com
Posted by: Mario Santos | June 21, 2011 at 04:44 AM
Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop
sexyshop
sexshop online
alongador peniano
Posted by: Account Deleted | July 21, 2011 at 08:31 PM
Never give up
http://www.plazawholesale.com/
Posted by: Account Deleted | October 09, 2011 at 02:19 AM
yes absolutely
excessive sweating
hyperhidrosis
Posted by: Anna Kline | October 09, 2011 at 02:04 PM
Nice post!
SELL YOUR HOUSE NASHVILLE
Posted by: SellHouseNash | June 21, 2012 at 02:38 PM
thank you for sharing.
Ultrabook Parts|AU AC Adapters|Global AC Adapter|Ersatz Laptop Akkus
Posted by: Kinsell Emma | March 06, 2013 at 03:38 AM