This study analyzes the World Bank's experience with fiscal management in 250 adjustment operations in 86 countries. It examines the fiscal records in a sample of 26 countries grouped by region, portfolio characteristics, and economic traits. The study confirms that fiscal deficit reduction is associated with improved external balances and economic growth and that it takes sustained, long-term effort, and continual vigilance against reversals. Fiscal...
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1997/06/30
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Publicação
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17043
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1
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1
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2010/07/01
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Fiscal management in adjustment lending
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fiscal reform in adjustment lending
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