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April 2017

April 26, 2017

Investing in Children and Budget Transparency in Africa

Investing in Children

Posted by Jean Dupraz, Vivek Ramkumar, and Matthew Cummins[1]

Africa is undergoing a seismic demographic shift. Over the next 35 years, the under-18 population will grow by more than two-thirds to reach almost 1 billion by 2050. As these children reach working age, countries across the continent can benefit from accelerated economic growth via a demographic dividend. However, realizing this potential is only possible if more and better investments are made in key child-related sectors.

The proportion of children living in monetary and non-monetary poverty remains very high across the continent. Indeed, this ongoing population growth means that there are already more income-poor children in Africa today than when the Millennium Development Goals (MDGs) were launched in 1990.

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April 12, 2017

Government at a Glance: Latin America and the Caribbean 2017

Government at a Glance

Carlos Pimenta [1] and Maria Veronica Cetrola Raven [2]

For most countries in Latin America and the Caribbean (LAC) increasing growth and improving social equity are key objectives. To achieve these goals, it is essential to have, not only good governance and good public policies, but also efficient public management. The publication Government at a Glance Latin America and the Caribbean 2017 (available in both English and Spanish) is the product of a joint effort between the Inter-American Development Bank (IDB) and the Organization for Economic Co-operation and Development (OECD). It provides internationally comparable data on government activities and their results in the OECD and 15 LAC countries (Argentina, Brazil, Haiti, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Jamaica, Mexico, Panama, Paraguay, Peru, the Dominican Republic and Uruguay). This dashboard of key indicators aims to help LAC governments and citizens better understand and benchmark their country’s practices and performance against regional peers and OECD Countries.

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April 07, 2017

Coordinating the Planning and Budgeting Functions of Government

AFW2 Logo

Posted by Ashni Singh[1]

Clique aqui para a Versão Portuguesa.

The IMF’s Regional Technical Assistance Center (RTAC) for Anglophone West Africa and Cabo Verde (AFRITAC West 2) recently convened a workshop to discuss the challenges of improving coordination between the strategic planning and budget preparation functions of government. with the aim of achieving better alignment between policy priorities and fiscal resource allocation.

The workshop was held during March 6-10, 2017, in Cabo Verde, and was declared open by the host country’s Minister of Finance, Olavo Correia. The closing ceremony was addressed by AFRITAC West 2’s Center Coordinator Lamin Leigh. The event was also supported by two of the IMF’s other RTACs, those for Francophone West Africa (AFRITAC West) and Southern Africa (AFRITAC South). It attracted high level participation from the macro-fiscal, planning, and budget directorates of the ministries of finance, as well as the ministries of planning and national planning agencies where they exist, from all five Anglophone West African countries as well as five Lusophone African countries.[2]

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April 05, 2017

Improving Cash Management in West Africa

AFRITAC West

Posted by Jean-Pierre Nguenang[1]

The IMF’s Fiscal Affairs Department (FAD) and its Regional Technical Assistance Center in Abidjan (AFRICTAC West, AFW) recently organized a seminar on “Ensuring Active Cash Management to Finance the State Budget in Member Countries of AFW”. 39 participants from the ten member countries of AFW[2] included representatives from directorates in charge of procurement, budget management, cash and debt management, as well as a regional institution in charge of the securities markets (Agence Union Economique et Monétaire Ouest Africaine- UEMOA-Titres). In his opening speech, Mr. Adama Coulibaly, Director of Cabinet of the Ministry of Economy and Finance of Côte d’Ivoire, welcomed the participants and emphasized the central role of cash management for fiscal consolidation efforts in the region.

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