IMF Working Papers

Expenditure Issues and Governance in Central America

By Ana Corbacho, Hamid R Davoodi

November 1, 2002

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Ana Corbacho, and Hamid R Davoodi. Expenditure Issues and Governance in Central America, (USA: International Monetary Fund, 2002) accessed November 8, 2024
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.

Subject: Education, Expenditure, Health, Health care spending, Income inequality, National accounts, Poverty

Keywords: Capital investment, Central America, Central American country, East Asia, Education, Expenditure issues, Fiscal adjustment, Governance, Government, Government education spending, Growth track record, Health, Health care spending, Honduras, Income inequality, Inequality, Lagging country, Management system, Per capita income, Poverty, Public spending, Social safety nets, South Asia, Sub-Saharan Africa, Teacher certification test, Teacher quality, Teacher wage, Teachers' wage, Wage, Wage bill, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2002/187

  • Stock No:

    WPIEA1872002

  • ISBN:

    9781451859522

  • ISSN:

    1018-5941

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