Olivier Basdevant

Vybhavi Balasundharam

Dalmacio Benicio

Andrew Ceber

Yujin Kim

Luca Mazzone

Hoda Selim

Yongzheng Yang

Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design

S. M. Ali Abbas

Jan Gottschalk

Fuad Hasanov

Greetje Everaert

Mr. Mauricio Villafuerte

Ms. Cemile Sancak

Ricardo Velloso

Stephanie Eble

Junhyung Park

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.

Strategies for Fiscal Consolidation in the Post-Crisis World

Mr.Tamon Asonuma

Mr.Alfredo Cuevas

Ms.Genevieve Verdier

Mr.Xavier Debrun

Mr.Lamin Y Leigh

Mr.Joannes Mongardini

Lars Holger Engstrom

Imelda M. Flores Vazquez

Mr.Vitaliy Kramarenko

Mr.Paul R Masson

The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the people of the region, by fulfilling its vision to become an economic community with a common market and monetary union. This volume describes policy options to address the barriers to equitable and sustainable development in the region and outlines a plan for deeper regional integration.

Building a Common Future in Southern Africa

Olivier Basdevant

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