Opportunities for growth and investment in Central America could well improve in the coming years, as the region's ties with the world economy grow closer. This integration, however, also presents important challenges for economic policy to ensure that growth can be sustained and can benefit the poor.
To strengthen the regional dialogue on the policy challenges, the Central American Monetary Council and the IMF sponsored a conference in July 2002 in Antigua Guatemala, with the particaption of most of the ministers of finance, presidents of central banks and financial superintendents in the region.
This book presents most of the papers that served as the background for the policy discussions of the conference. The main messages stress the importance of keeping fiscal policy on a sustainable path, strengthening public investment in basic infrastructure and primary health care and primary and secondary education, and managing the risks associated with partial dollarization.
Fiscal Sustainability; E.Offerdal
Tax Reform: Trends and Possibilities; J.G.Stotsky & A.WoldeMariam
Public Expenditure and Governance; A.Corbacho & H.R.Davoodi
Trade Structure and Policy; G.Perry, D.Lederman & R.Suescún
Choice of Exchange Rate Regimes; R.Rennhack, E.Offerdal & V.Mercer-Blackman
Financial Dollarization: What to Do About It? A.Ize
ROBERT RENNHACK is Division Chief for Colombia, Ecuador and Belize in the Western Hemisphere Department of the International Monetary Fund. He has worked extensively on macroeconomic issues in Latin America for the past twenty years and has written a number of papers on capital mobility, monetary policy and energy demand.
ERIK OFFERDAL is the International Monetary Fund's resident representative for Guatemala. He joined the Fund in 1990 and has since been engaged in macroeconomic surveillance and policy formulation in Eastern Europe, Asia and Latin America. Prior to this, Offerdal worked for the government in his native Norway, focusing on general equilibrium modelling, the macroeconomic impact of petroleum revenues, and tax policy analysis.
Description
Opportunities for growth and investment in Central America could well improve in the coming years, as the region's ties with the world economy grow closer. This integration, however, also presents important challenges for economic policy to ensure that growth can be sustained and can benefit the poor.
To strengthen the regional dialogue on the policy challenges, the Central American Monetary Council and the IMF sponsored a conference in July 2002 in Antigua Guatemala, with the particaption of most of the ministers of finance, presidents of central banks and financial superintendents in the region.
This book presents most of the papers that served as the background for the policy discussions of the conference. The main messages stress the importance of keeping fiscal policy on a sustainable path, strengthening public investment in basic infrastructure and primary health care and primary and secondary education, and managing the risks associated with partial dollarization.
Contents
Fiscal Sustainability; E.Offerdal
Tax Reform: Trends and Possibilities; J.G.Stotsky & A.WoldeMariam
Public Expenditure and Governance; A.Corbacho & H.R.Davoodi
Trade Structure and Policy; G.Perry, D.Lederman & R.Suescún
Choice of Exchange Rate Regimes; R.Rennhack, E.Offerdal & V.Mercer-Blackman
Financial Dollarization: What to Do About It? A.Ize
Authors
ROBERT RENNHACK is Division Chief for Colombia, Ecuador and Belize in the Western Hemisphere Department of the International Monetary Fund. He has worked extensively on macroeconomic issues in Latin America for the past twenty years and has written a number of papers on capital mobility, monetary policy and energy demand.
ERIK OFFERDAL is the International Monetary Fund's resident representative for Guatemala. He joined the Fund in 1990 and has since been engaged in macroeconomic surveillance and policy formulation in Eastern Europe, Asia and Latin America. Prior to this, Offerdal worked for the government in his native Norway, focusing on general equilibrium modelling, the macroeconomic impact of petroleum revenues, and tax policy analysis.
terte
terte
|