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Social Spending Targets in IMF-Supported Programs in Sub-Saharan Africa / Ghislain Afavi, Vaishali Ashtakala, Irena Jankulov Suljagic, Pedro Juca Maciel, Myrto Oikonomou, Johanna Tiedemann, Luc Tucker, Arina Viseth, Frederic Lambert.
- Format:
- Book
- Government document
- Author/Creator:
- Afavi, Ghislain.
- Series:
- Departmental Papers; Departmental Paper No 2025/005
- Departmental Papers
- Language:
- English
- Physical Description:
- 1 online resource (38 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- This paper analyzes the significance and effectiveness of social spending targets in IMF-supported programs in Sub-Saharan Africa from 2002 to 2024. It highlights the evolution of these targets, particularly following the 2009 reform of IMF’s facilities for low-income countries, reflecting a growing recognition of the importance of safeguarding social expenditures amidst fiscal constraints. The findings reveal that social spending targets in the region represent a significant share of tax revenue, with a favorable completion rate in comparison to other fiscal conditionalities. Despite economic challenges, social spending on health and education has generally been preserved and even increased during IMF-supported programs, with positive outcomes such as improved educational enrollment and reduced infant mortality rates. The study underscores the importance of refining these targets to better serve vulnerable populations while adapting to changing economic conditions.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-1599-8
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