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Fiscal Buffers for Natural Disasters in Pacific Island Countries1

Fiscal Buffers for Natural Disasters in Pacific Island Countries1 »

Source: Fiscal Buffers for Natural Disasters in Pacific Island Countries

Volume/Issue: 2019/152

Series: IMF Working Papers

Author(s): Hidetaka Nishizawa , Scott Roger , and Huan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

ISBN: 9781498320801

Keywords: Access to foreign markets, Accounting, Accounting standards, Agriculture, Aid flows, Balance of payments, Bank deposits, Bank financing, Banks, Bonds

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spend...

A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change

A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change »

Source: A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change

Volume/Issue: 2019/186

Series: IMF Working Papers

Author(s): Ryota Nakatani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 September 2019

ISBN: 9781513511047

Keywords: Economic stabilization, Public financial management, Fiscal policy, Economic growth, Business cycles, Fiscal Rule, Expenditure Rule, Recurrent Expenditure, Natural Disaster, Climate Change

A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertai...

Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific »

Source: Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Volume/Issue: 2015/125

Series: IMF Working Papers

Author(s): Ezequiel Cabezon , Leni Hunter , Patrizia Tumbarello , Kazuaki Washimi , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2015

ISBN: 9781513525792

Keywords: natural disasters, climate change, panel VAR, disaster risk management, disasters, disaster, natural disaster, damage, Environment and Growth, International Monetary Arrangements and Institutions,

Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects...

Small States Resilience to Natural Disasters and Climate Change - Role for the IMF

Small States Resilience to Natural Disasters and Climate Change - Role for the IMF »

Source: Small States Resilience to Natural Disasters and Climate Change - Role for the IMF

Volume/Issue: 2016/038

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2016

ISBN: 9781498345095

Keywords: Climatic changes, Debt sustainability, Developing countries, Emergency assistance, External shocks, Financial sector, Fiscal policy, Fund role, Monetary policy, Small states

Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. T...

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates »

Source: Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Volume/Issue: 2019/89

Series: IMF Working Papers

Author(s): David Coady , Ian Parry , Nghia-Piotr Le , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

ISBN: 9781484393178

Keywords: Gasoline prices, Consumer subsidies, Sustainable development, Energy prices, Fossil fuels, energy subsidies, efficient taxation, revenue, environment, deadweight loss

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue consi...

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific »

Source: Resilience and Growth in the Small States of the Pacific

Series: Books

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

The Pacific island countries (PICs) are among the most susceptible to natural disasters in the world. The combination of location and small size heightens their vulnerability to earthquakes and weather-relat...

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Chapter 5. Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific »

Source: Excerpt: Resilience and Growth in the Small States of the Pacific

Series: Miscellaneous Publication (Other)

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2016

ISBN: 9781484319833

The Pacific island countries (PICs) are among the most susceptible to natural disasters in the world. The combination of location and small size heightens their vulnerability to earthquakes and weather-relat...

7 Strengthening Global Checks and Balances

7 Strengthening Global Checks and Balances »

Source: Global Monitoring Report, 2006 : Strengthening Mutual Accountability: Aid, Trade, and Governance

Series: Other Official Rpts and Docs

Author(s): International Monetary Fund

Publisher: The World Bank

Publication Date: 18 May 2006

ISBN: 9780821364772

Keywords: Financial institutions, Debt relief, Corruption, Millennium Development Goals, Income, Global Monitoring Report, Transparency, debt, anticorruption, budget management

The worldwide scale of embezzled funds and corruption proceeds is difficult to judge. One estimate puts it at a staggering $1 trillion a year (Kaufmann 2005). Nigeria’s President Abacha embezzled between $2...

4 Harnessing Trade for Inclusive and Sustainable Growth

4 Harnessing Trade for Inclusive and Sustainable Growth »

Source: Global Monitoring Report, 2008 : MDGs and the Environment: Agenda for Inclusive and Sustainable Development

Series: Other Official Rpts and Docs

Author(s): International Monetary Fund

Publisher: The World Bank

Publication Date: 08 April 2008

ISBN: 9780821373842

Keywords: Debt, Oil, Global Monitoring Report, Sustainable development, environment, climate change, environmental sustainability, health care, malnutrition

World trade has been expanding rapidly, and trends in trade policy have continued to be in the direction of fewer barriers to trade. 1...