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A Strategy for IMF Engagement on Social Spending

A Strategy for IMF Engagement on Social Spending
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Total Pages: 56
Release: 2019-06-14
Genre: Business & Economics
ISBN: 149831953X

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Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.


A Strategy for IMF Engagement on Social Spending

A Strategy for IMF Engagement on Social Spending
Author: International Monetary Fund. Fiscal Affairs Department
Publisher:
Total Pages: 56
Release: 2019
Genre:
ISBN: 9781498319560

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This Supplement presents an account of the extensive consultations and the results of various analyses that supported the development of "A Strategy for IMF Engagement on Social Spending."


A Strategy for IMF Engagement on Social Spending

A Strategy for IMF Engagement on Social Spending
Author: International Monetary Fund. Fiscal Affairs Department
Publisher:
Total Pages: 76
Release: 2019
Genre:
ISBN: 9781498319645

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This paper uses case studies to explore the nature and extent of past IMF engagement on social spending issues and to draw lessons for future engagement.


A Strategy for IMF Engagement on Social Spending

A Strategy for IMF Engagement on Social Spending
Author: International Monetary Fund. Fiscal Affairs Department
Publisher:
Total Pages: 77
Release: 2019
Genre:
ISBN: 9781498319607

Download A Strategy for IMF Engagement on Social Spending Book in PDF, ePub and Kindle

This Supplement presents an account of the extensive consultations and the results of various analyses that supported the development of "A Strategy for IMF Engagement on Social Spending.".


Operational Guidance Note for IMF Engagement on Social Spending Issues

Operational Guidance Note for IMF Engagement on Social Spending Issues
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
Total Pages: 52
Release: 2024-04-30
Genre: Business & Economics
ISBN:

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This note provides general guidance on the operationalization of the strategy for IMF engagement on social spending. Social spending plays a critical role as a key lever for promoting inclusive growth, addressing inequality, protecting vulnerable groups during structural change and adjustment, smoothing consumption over the lifecycle, and stabilizing demand during economic shocks. Social spending policies have also been playing an important role in tackling the structural challenges associated with demographic shifts, gender inequality, technological advances, and climate change. This note builds on a series of notes on IMF engagement on specific social spending issues since the publication of the 2019 strategy paper and provides operational guidance on when and how to engage on social spending issues, in the context of surveillance, IMF-supported programs, and capacity development.


IMF Engagement on Social Safety Net Issues in Surveillance and Program Work

IMF Engagement on Social Safety Net Issues in Surveillance and Program Work
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 72
Release: 2022-10-03
Genre: Business & Economics
ISBN:

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The International Monetary Fund’s engagement on social safety net (SSN) issues is likely to expand as member countries respond to growing challenges in the economic and fiscal landscape. SSNs play a crucial role in protecting households from poverty, promoting inclusive growth, and maintaining social stability. This technical note discusses (1) the different channels through which SSN spending may become macro-critical, (2) how to assess the importance of these channels, and (3) the types of policy responses that are appropriate and the trade-offs involved in choosing among them. To facilitate a more comprehensive assessment of SSN spending, the paper also examines the complementary role of labor market programs (for example, unemployment benefits and active labor market programs). The paper emphasizes the importance of early engagement and coordination with development partners with expertise on social safety nets and with different stakeholders when formulating policy advice.


IMF Engagement on Health Spending Issues in Surveillance and Program Work

IMF Engagement on Health Spending Issues in Surveillance and Program Work
Author: Mauricio Soto
Publisher: International Monetary Fund
Total Pages: 57
Release: 2023-12-22
Genre: Business & Economics
ISBN:

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IMF country teams have become increasingly engaged on health spending issues in surveillance and program work, and more so since the COVID-19 pandemic. The primary objectives of health spending are to improve health outcomes and provide protection to households against high financial costs of health care. The Fund’s engagement on health spending issues is guided by an assessment of its macro-criticality, with the scope and purpose of engagement varying across countries and depending on whether it occurs in surveillance or program contexts. This technical note discusses how to assess the macro-criticality of health spending and reviews appropriate policy responses. The design and implementation of macro-critical health reforms often require specific sectoral knowledge and experience. Thus, this note emphasizes the importance of collaborating with development partners on health policy issues.


A Strategy for IMF Engagement on Social Spending

A Strategy for IMF Engagement on Social Spending
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Total Pages: 56
Release: 2019-06-14
Genre: Business & Economics
ISBN: 1498318886

Download A Strategy for IMF Engagement on Social Spending Book in PDF, ePub and Kindle

Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.


Review of the IMF's Communications Strategy

Review of the IMF's Communications Strategy
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 44
Release: 2014-06-30
Genre: Business & Economics
ISBN: 1498343155

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The framework guiding the IMF’s communications—established by the Executive Board in 2007—has enabled the institution to respond flexibly to the changing global context. The framework is based on four guiding principles: (i) deepening understanding and support for the Fund’s role and policies; (ii) better integrating communications into the IMF’s daily operations; (iii) raising the impact of new communications materials and technologies; and (iv) rebalancing outreach efforts to take account of different audiences. In addition, greater emphasis has been placed on strengthening internal communications to help ensure institutional coherence in the Fund’s outreach activities. Continued efforts are needed to strengthen communications going forward. Several issues deserve particular attention. First, taking further steps to ensure clarity and consistency in communication in a world where demand for Fund services continues to rise. Second, doing more to assess the impact of IMF communications and thus better inform efforts going forward. Third, engaging strategically and prudently with new media—including social media.


Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs

Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs
Author: Qiang Cui
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 39
Release: 2004-11-01
Genre:
ISBN: 9781451875140

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Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct impact on the accumulation of education and health capital, and thus can lead to higher economic growth. The paper also finds that other policy interventions, such as improving governance, reducing excessive budget deficits, and taming inflation, can also be helpful in moving countries toward the Millennium Development Goals (MDGs). As such, higher spending alone is not sufficient to achieve the MDGs.