IMF Working Papers

Reflections on Quantitative Fiscal Conditionality in African PRGF-Supported Programs

ByDaria V Zakharova, Annalisa Fedelino

May 1, 2006

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Daria V Zakharova, and Annalisa Fedelino. "Reflections on Quantitative Fiscal Conditionality in African PRGF-Supported Programs", IMF Working Papers 2006, 118 (2006), accessed 12/7/2025, https://doi.org/10.5089/9781451863789.001

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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

We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to countries' specific macro-fiscal situations. The paper also offers some suggestions on how quantitative fiscal conditionality might be further enhanced.

Subject: External debt, Fiscal conditionality, Fiscal stance, Inflation, Public debt

Keywords: debt, financing, GDP, performance criterion, WP

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