Suchergebnisse

Le Rapport mondial sur les salaires, publié tous les deux ans, est composé de deux parties. La première partie offre des informations sur les tendances régionales et globales dans le domaine des statistiques et politiques salariales. La partie II offre au lecteur un aperçu plus profond, mais toujours accessible, de certaines questions comme la fixation des salaires minima, la négociation collective, les dispositifs de prestations liées au travail, ou la dimension macroéconomique des salaires

This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depreciation than after an appreciation of the local currency. The average elasticity is estimated at about 0.4. It is lower in countries with more flexible exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a sustainable fiscal policy are associated with a lower pass-through. The degree of pass-through has declined in the SSA region since the mid-1990s following marked improvements in macroeconomic and political environments.

La présente évaluation du secteur sanitaire privé au Burkina Faso vise quatre objectifs : a) déterminer le rôle que le secteur privé joue dans le système national de santé ; b) formuler un diagnostic sur la nature et l'efficacité de l'interface entre secteurs public et privé ainsi que sur les cadres juridique, réglementaire, technique et humain dans lequel évolue ce secteur ; c) formuler des recommandations au Gouvernement, renforcer le dialogue entre les parties prenantes impliquées dans les secteurs public et privé ; et d) informer les entrepreneurs de la finance, de l'assurance, de l'invest

This paper investigates the relationship between unrecorded economic activity associated with the production of illicit coca and formally recorded economic activity in Peru. It does so by attempting to construct new regional level estimates for coca production and by implementing recently developed panel time series methods that are robust to regional heterogeneity and unobserved regional inter-dependencies. The paper finds that on balance illicit coca production crowds out formal sector production at the regional level, regardless of whether unanticipated changes occur nationally or regionall

Benin's program furthers the objectives elaborated in the previous report. It is the result of a broad participative process that engaged all levels of government, the private sector, civil society, and donor partners. Executive Directors commend the program as it provides an adequate framework for poverty reduction. The strategy addresses the critical constraints and challenges facing Benin and builds on its comparative advantages. However, it lacks the specificity required to ensure results. Improving alignment of necessary actions and activities in support of the objectives with realistical

In this study, the economic development of Poland after the recession is discussed. The importance of maintaining macroeconomic policies and advancing growth-enhancing structural reforms are explained. Increase in labor participation and a reduction in product market rigidities are key to increase potential growth. Improvements of the balance of payments compilation system has been encouraged by the authorities. To strengthen the financial sector, increase the independence of financial supervision authority, develop a framework for coordinating policy responses to systemic risks, and strengthe

The first Annual Progress Report (APR) of Togo highlights many of the reforms implemented during the first year of the Poverty Reduction Strategy Paper (PRSP) while recognizing some weaknesses and implementation constraints. It draws attention to important advances in macrocritical structural reforms, notably in the areas of public financial management; fiscal governance; domestic arrears clearance to private suppliers; and banking sector restructuring. It also presents a macroeconomic framework consistent with the one agreed under the fifth Extended Credit Facility (ECF) review mission. It is

The performance of the Gambian economy has been strong in recent years. The authorities noted that in addition to providing financial resources, the program has helped to restore compliance with the rules on government borrowing from the Central Bank of The Gambia (CBG) following securitization arrangements between the government and the CBG, which allowed for CBG bridge financing in the absence of programmed EU budget support, and started TA in tax policy and administration, PFM, and liquidity forecasting. In the financial sector, progress has been made to preserve the solvency of banks

Le présent recueil de directives pratiques vise à faire mieux connaître les dangers et risques liés à l'agriculture ainsi que les moyens de les gérer et de les maîtriser efficacement; à prévenir les accidents du travail et les maladies professionnelles et à améliorer concrètement le milieu de travail; à encourager les gouvernements, les employeurs, les travailleurs et les autres parties prenantes à coopérer dans le domaine de la prévention des accidents et des maladies; et à faire évoluer positivement, dans l'ensemble du secteur, les mentalités et les comportements au sujet de la sécurité et d

This technical note focuses on the stress testing exercise in 2010 for the financial sector assessment program based on the existing approaches of the Central Bank of Russia, as well as a separate bottom-up exercise. The tests covered broad ranges of risk factors. The single factor tests examined instantaneous impact of credit, concentration, market, liquidity, and interbank contagion risks. The results of the stress tests suggested that the Russian banking system is, on the whole, resilient to a variety of macroeconomic and financial shocks

Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these countries differ from countries with comparable levels of development that do not depend on nonrenewable resources. Using a panel of 38 countries comprising LICs and CFA zone oil exporters, we find that while real exchange rate appreciation negatively impacted growth in all countries over the period 1985-2008, what distinguishes the oil producers of the CFA zone is the failure of public

This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend was partially reversed when oil prices went down in 2009. We also find evidence that fiscal policy has been procyclical and has hence exacerbated the fluctuations in economic activity. In addition, we estimate that a small reduction in oil prices could lead to very large financing needs in the near futu

The October 2010 Regional Economic Outlook features: (i) an overview of economic developments and prospects in sub-Saharan Africa; (ii) an analytical assessment of how monetary policy changes are transmitted through the region's economies; and (iii) a study of why growth rates in the West African Economic and Monetary Union (WAEMU) have lagged behind other parts of sub-Saharan Africa. The overview highlights the broad-based economic recovery that is now under way in sub-Saharan Africa and projects growth of 5 percent in 2010 and 5½ percent in 2011. It explores the resilience of most economies