## Fiscal Policy During the Exit from Pandemic: JICA Global Agenda #13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth

## Source details

**Canonical URL:** [Fiscal Policy During the Exit from Pandemic: JICA Global Agenda #13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth](https://www.imf.org/-/media/files/oap/oap-home/2023/session-1-2-tetsuya-kuge.pdf)

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### Event and author
- IMF-JICA CONFERENCE, FEBRUARY 13-14, 2023, TOKYO, JAPAN.
- Presentation by Tetsuya Kuge, Senior Advisor, Governance and Peacebuilding Department, JICA (tetsuya.kuge@jica.go.jp).

### JICA mandate and focus areas
- JICA works toward the achievement of the Sustainable Development Goals (SDGs).
- JICA Global Agenda theme: Strengthening fiscal and financial foundations, aiming for economic stability and growth.
- JICA’s 20 Strategies for Global Development Issues includes a Public Finance and Financial System pillar.
- Public Finance and Financial System objectives:
  - Support proper management of public finance, monetary and financial sector policies, and customs administrations to stabilize economies in developing countries and promote growth.
  - Support the promotion of fintech, including smartphone payments, which are spreading in developing countries.
  - Cooperate with tax administrations to develop organizational and institutional capacity to strengthen revenue bases.
  - Assist in proper debt management.
  - Support proper planning and management of public investment, ensuring sustainability and consistency with national development plans.
  - Contribute to efficient allocation of limited financial resources and maximizing their impact.

### Approaches to strengthening national fiscal foundations
- Three approaches:
  1. Strengthening connectivity through support for customs modernization.
  2. Implementing appropriate monetary policies and developing financial systems.
  3. (Implied) Strengthening public finance and public investment management, tax administration, and money flow between central government, local governments, businesses, and households.

- Conceptual elements depicted:
  - Public Finance and Money Flow involving: Central government, Local governments, Public Services, Infrastructure, Businesses, Households.
  - Flows: Taxes → Revenue; Expenditure → Funds.
  - Key operational areas: Tax Administration; Public Investment Management.

### Technical assistance coverage to tax administrations (country list and status)
- Mongolia Technical Assistance Project Ongoing
- Vietnam Technical Assistance Project Ongoing
- Laos Long-term (Resident) Expert Ongoing
- Indonesia Country focused training / DX Pilot project Ongoing
- Malaysia Third country training Ongoing
- Philippines Long-term (Resident) Expert Ongoing
- Tanzania Technical Assistance Project Ongoing
- Dominican Republic Technical Assistance Project Ongoing
- Kyrgyz Republic Technical Assistance Project Completed
- Cambodia Technical Assistance Project Completed

### Emphasis for policy and capacity building
- Priorities highlighted:
  - Strengthen revenue bases through institutional capacity building in tax administrations.
  - Ensure sustainability and consistency of public investment with national development plans.
  - Promote fintech and digital payment systems to broaden financial inclusion and modernize financial flows.
  - Support customs modernization to improve connectivity and trade facilitation.
  - Integrate monetary policy and financial system development into broader fiscal stability efforts.

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_Source: https://www.imf.org/-/media/files/oap/oap-home/2023/session-1-2-tetsuya-kuge.pdf_