Skip navigation

Report

Macroeconomic Management for Poverty Reduction : Chad, Mali, Niger

TARIFFS CONTINGENT LIABILITIES MONETARY POLICY DEFICIT OIL PRICE NPL EQUIPMENT ACCOUNTING FOREIGN DEBT LOCAL BANK DEPOSITS GOVERNMENT FINANCES DEFAULTS FINANCIAL MANAGEMENT FISCAL DEFICITS GLOBAL MARKETS MACROECONOMIC MANAGEMENT INTEREST PUBLIC INVESTMENTS INVESTMENT FUND MONEY SUPPLY INVESTMENT POLICIES DOMESTIC FINANCIAL MARKETS OPTION EXCHANGE GOVERNMENT REVENUES LOCAL GOVERNMENTS BALANCE OF PAYMENTS MACROECONOMIC POLICY LIQUIDITY BANK ACCOUNT DEVELOPING COUNTRIES TAX COLLECTION EXPORTERS REVENUES FISCAL POLICY CAPITAL ADEQUACY DEVALUATION GOVERNMENT CAPACITY LOAN CREDITWORTHINESS BUDGET CONSTRAINTS FUTURE CONTRACTS BORROWERS TAX NON-PERFORMING LOANS BUDGETING CENTRAL BANKS INFLATION CREDITORS INSTRUMENTS MICROFINANCE INSTITUTIONS CREDIBILITY ENABLING ENVIRONMENT BUDGET WITHDRAWALS MACROECONOMIC STABILITY FISCAL POLICIES TRADE BALANCE OIL PRICES INDEBTEDNESS CURRENCY NATURAL DISASTER MORAL HAZARD COMMERCIAL BANK DISBURSEMENT PRICE VOLATILITY DEBTS CONTRACTS FINANCES TRADING TAX EXEMPTIONS RECURRENT EXPENDITURES OPTIONS MONETARY FUND NATURAL DISASTERS MARKETS DEBT PRIVATE INVESTMENT FINANCIAL CRISES BALANCE OF PAYMENTS CRISES RETURN INFLATION RATE DEFICITS FINANCIAL FLOWS BUDGET DEFICIT BUSINESS CYCLE INTERNATIONAL ECONOMICS MICRO FINANCE LOANS DIRECT INVESTMENT RISK SHARING RESERVES NEGATIVE SHOCKS DEBT SERVICE GROSS DOMESTIC PRODUCT CASH TRANSFERS COMMODITY PRICE FINANCE FOREIGN CURRENCY PUBLIC INVESTMENT BANK DEPOSITS TAXES BANKING SECTOR INVESTMENT DECISIONS FISCAL DEFICIT EXPENDITURE INFRASTRUCTURE INVESTMENT DEPOSITORS EQUITY MACROECONOMIC INSTABILITY INTEREST PAYMENTS GOOD DEBT-SERVICE TRANSPARENCY GOVERNANCE ISSUES MARKET FAILURES MARKET CONDITIONS LIQUIDITY RATIOS FUTURE FOREIGN DIRECT INVESTMENT RETURNS PURCHASING POWER FINANCIAL MANAGEMENT CAPACITY INVESTMENT PROJECTS INVESTMENT PATTERNS CONTRACT PRICE STABILITY PRICE CHANGES EXPENDITURES BIDS CASH MANAGEMENT INSTITUTIONAL CAPACITY SHARES MICRO FINANCE SECTOR MARKET DEFAULT MONETARY POLICIES PUBLIC DEBT EXPORTER TREASURY TRADING COSTS SOLVENCY INFLATION RATES INSURANCE BUSINESS CYCLES MICROFINANCE ECONOMIC DEVELOPMENT TAX CODE GOODS SECURITY BANK LOANS MACROECONOMIC VOLATILITY INVESTMENT COMMERCIAL BANKS HUMAN RESOURCES SHARE DOMESTIC SECURITY INVESTMENT CLIMATE BALANCE SHEETS PUBLIC FINANCES POVERTY FINANCIAL MARKETS FINANCIAL SHOCKS LOSS OF CONFIDENCE DECENTRALIZATION BID SHORT-TERM BORROWING REVENUE COORDINATION FAILURES EXTERNAL DEBT INVESTMENTS FINANCIAL SUPPORT LENDING CONSUMER PRICE INDEX BANK GUARANTEE MACROECONOMIC POLICIES INSTRUMENT FISCAL DISCIPLINE PUBLIC SPENDING PAYMENT SYSTEMS LIABILITIES COMMODITY PRICES ARREARS CAPITAL ACCOUNT FISCAL DECENTRALIZATION GUARANTEE DEBT RELIEF HUMAN DEVELOPMENT
96
0

Attachments [ 0 ]

There are no files associated with this item.

More Details

World Bank, Washington, DC
Africa | Chad | Mali | Nigeria
2016-06-03T18:10:36Z | 2016-06-03T18:10:36Z | 2016-04-01

The three countries covered in this first report, Mali, Chad and Niger, share a number of common characteristics and face a similar set of challenges, which provides the foundation for this joint-review approach. All three are low-income landlocked economies. Each relies heavily on the agricultural sector as its primary source of income and livelihoods, and each has a large livestock subsector that is based in part on traditional nomadic pastoralism. All countries have important natural resource industries, gold for Mali, uranium and oil for Niger, and oil for Chad, which represent the bulk of export earnings and public revenue. This dependence on the primary sector renders these economies highly vulnerable to weather-related shocks and volatile commodity prices. Each is struggling to overcome a legacy of instability and violence, which is complicated both by the fragility of domestic socio-political conditions and the severity of regional security challenges. Finally, all three countries are members of a monetary union that uses a regional currency pegged to the euro and exercises significant influence over the macroeconomic policies of its member states. At the center of the trade-off between stabilization and development lies public investment management, at macroeconomic and financial management levels. Faced with repeated negative shocks, countries tend to cut ongoing and planned public investment projects which are often designed to reduce drivers of fragility and strengthen the resilience of economies, thus perpetuating risks of falling into fragility traps. Hence, Section three discusses the impact of public investment volatility on its quality in Chad, Mali and Niger, and explores possible options in terms of macroeconomic and public financial management to smooth public investment budget execution.

Comments

(Leave your comments here about this item.)

Item Analytics

Select desired time period