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Public Financial Management and Fiscal Outcomes in sub-Saharan African Heavily-Indebted Poor Countries

Public Financial Management and Fiscal Outcomes in sub-Saharan African Heavily-Indebted Poor Countries by Ezequiel Cabezon
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This paper examines, in a formal econometric framework, the linkages between public financial management and fiscal outcomes in sub-Saharan African countries. Similar analyses have been done for Latin America, Europe, and the United States, but none in the context of low-income countries. Using public financial management indicators, as measured in two recent assessments related to the Heavily-Indebted Poor Countries Initiative, this study shows that improving public financial management leads to better fiscal outcomes, as measured by the overall fiscal balance and external debt levels, after controlling for other characteristics that might alter fiscal outcomes.
International Monetary Fund; September 2008
46 pages; ISBN 9781452791456
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Title: Public Financial Management and Fiscal Outcomes in sub-Saharan African Heavily-Indebted Poor Countries
Author: Ezequiel Cabezon; Tej Prakash
 
ISBNs
1451915284
9781451870756
9781451915280
9781452791456