Noticias
November - New World Bank DMF Partnership
DFI/DRI signed a new partnership agreement with the World Bank to help implement the Debt Management Facility for IDA-eligible countries during 2014-2016. The agreement will cover facilitation of workshops and missions on debt management performance assessment (DeMPA), medium-term debt strategies (MTDS) and the LIC debt sustainability framework (LIC-DSF) in approximately 40 countries, with an emphasis on countries in Francophone Africa and Asia.
21 October - Regional Economic Outlook for Sub-Saharan Africa 2014
The IMF has published the October 2014 installment of its Regional Economic Outlook For Sub-Saharan Africa
. Bolstered by efforts to invest in infrastructure and by strong agricultural production, the report claims, the region anticipates continued strong growth with an economy forecast to continue growing, expanding by about 5% in 2014, and accelerating to around 5¾ % in 2015. This growth momentum is particularly pronounced in the region’s Low-Income Countries, where activity is forecast to accelerate to 6¾-7 percent in 2014-15.
However, the current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. In addition, external threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth. Other topics covered by the publication are building resilience in fragile states and addressing the infrastructure deficit. More information can be accessed in this IMF newsletter article.
16 October - Africa Briefing Available in French
The Africa-focused briefing on public spending in core sectors is now available in French. Click here to find out about the extent to which African countries are meeting the spending targets.
14 October - Handbook on Innovative Finance for Development
The Commonwealth Secretariat has launched ‘Innovative Finance for Development: A Commonwealth Toolkit during their Finance Ministers Meetings in Washington DC. Co-authored by former DFI Programme Manager Nils Bhinda, this handbook is a toolkit containing a one-stop shop where countries can find information about suitable funding for development and aims at guiding countries, especially the smallest, poorest and most vulnerable, and their development partners, with ideas on identifying, evaluating and selecting financing options to boost their development plans. In a context where financing needs significantly exceed the finance available, even if the international community meets its existing ODA commitments, this manual intends to help policy makers navigate the innovative finance landscape and match sources to fund particular development goals.
11 October - From Numbers to Nurses: Joint GSW/IBP Paper Launched in Washington
A joint paper by GSW and the International Budget Partnership (IBP) was launched on Friday 11 October 2014 at the Washington offices of USAID. From Numbers to Nurses: Why Budget Transparency, Expenditure Monitoring, and Accountability are Vital to the Post-2015 Framework identifies how vital ensuring budget transparency, monitoring, and accountability will be to the success of the Post-2015 development framework.
The post-2015 framework will contain the most ambitious set of development goals ever agreed and will require a significant increase in the effectiveness and efficiency of government spending. Bringing together available evidence and new quantitative analysis, this brief shows that budget transparency, expenditure monitoring and accountability can contribute to increases in spending towards, and better results related to, development goals. Whether or not this occurs crucially depends on data availability, space for civil society engagement, political will, and government capacity. Ensuring positive outcomes in the post-2015 agenda requires a “data revolution” in tracking government spending, aid and results.
