Expenditure Issues and Governance in Central America

32 Pages Posted: 3 Feb 2006

See all articles by Ana Corbacho

Ana Corbacho

International Monetary Fund (IMF) - Fiscal Affairs Department

Hamid R. Davoodi

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: November 2002

Abstract

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.

Keywords: Expenditure issues, fiscal adjustment, poverty, inequality, health, education, social safety nets, governance, Central America

JEL Classification: H5, I00, O54, O57

Suggested Citation

Corbacho, Ana and Davoodi, Hamid R., Expenditure Issues and Governance in Central America (November 2002). IMF Working Paper No. 02/187, Available at SSRN: https://ssrn.com/abstract=880283

Ana Corbacho (Contact Author)

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Hamid R. Davoodi

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

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