Wednesday, January 14, 2009

Government policies

The IMF released two reports last month, one written by the government and the other reflecting comments from IMF and WorldBank economists.

The government's 300 page Poverty Reduction Strategy Paper released by the IMF provides an exhaustive non-technical review of its policies and plans, as well as includes a treasure trove of figures and statistics. In an IMF/WorldBank joint Advisory Note on the paper (11 pages), the second document critiques the government's proposals highlighting its failures (and praising its successes) as well as advances the staff's own recommendations.

Given the various shocks the country was exposed to in 2008, these make for very timely and informative reading.

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