Expenditure Issues and Governance in Central America

Author/Editor: Corbacho, Ana ; Davoodi, Hamid Reza
Publication Date: November 01, 2002
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This paper analyzes Central America's track record on inequality, poverty, and quality of fiscal adjustment in relation to economic growth; health and education outcomes; adequacy of social safety nets; and governance. It then assesses the degree to which the track record can be traced to reforms in public expenditure and governance. Despite the considerable heterogeneity among the countries in the region, there are some policies that all countries need to pursue. Sustained growth and a better quality of fiscal adjustment are needed, as well as policies aimed at increasing individuals' productivity and improving governance.
Series: Working Paper No. 02/187
Subject(s): Government expenditures | Costa Rica | Dominican Republic | El Salvador | Guatemala | Honduras | Nicaragua | Panama | Health care | Education | Social safety nets | Governance

Author's Keyword(s): Expenditure issues | fiscal adjustment | poverty | inequality | health | education | social safety net | governance
Publication Date: November 01, 2002
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1872002 Pages: 32
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