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Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. S...
document électronique
The IMF is increasingly emphasizing "high-quality growth" - that is, growth that is sustainable, that is accompanied by appropriate domestic and external balances, that respects the environment, and that is aided by policies that reduce poverty an...
document électronique
Working Paper, 87The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower ...
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