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Senegal is the first country in sub-Saharan Africa with a Francophone approach to public financial management to volunteer for a fiscal transparency evaluation (FTE). This evaluation applies the standards and practices established in the IMF’s Fiscal Transparency Code (the Code), adopted in 2014. The Code is built around three pillars: (I) Fiscal Reporting; (II) Fiscal Forecasting and Budgeting; and (III) Fiscal Risk Analysis and Management. Altogether it assesses compliance with 36 FTE principles. Pillar I requires that fiscal reporting provide a thorough, relevant, current and reliable picture of general government fiscal outcomes. Pillar II requires budgets, and the macroeconomic forecasts they rely on, to spell out the fiscal objectives and policies targeted by the government; and that they provide comprehensive and credible projections of fiscal trends. Pillar III addresses the need to communicate, analyze and manage fiscal vulnerabilities and to ensure effective coordination of the public sector decision-making process. To take countries’ varying degrees of institutional capacity into account, the Code differentiates between basic, good, and advanced practices for each principle. If the basic level is not attained, the practice is regarded as ”not met.”.

Finance, Public --- Cameralistics --- Public finance --- Public finances --- Currency question --- Budgeting --- Macroeconomics --- Public Finance --- National Budget --- Budget Systems --- Public Administration --- Public Sector Accounting and Audits --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- Budgeting & financial management --- Financial administration & public finance law --- Budget planning and preparation --- Fiscal risks --- Fiscal law --- Public debt --- Expenditure --- Budget --- Fiscal policy --- Law and legislation --- Debts, Public --- Expenditures, Public --- Senegal

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La dynamique de croissance en Afrique subsaharienne demeure fragile, ce qui représente une rupture par rapport à la rapide expansion qui avait été enregistrée depuis le début du millénaire. L’année 2016 a été difficile pour de nombreux pays et la croissance régionale est descendue à 1,4 %, le niveau le plus faible depuis plus de deux décennies. La plupart des exportateurs de pétrole ont été en récession et la conjoncture est restée difficile dans les autres pays riches en ressources naturelles. En revanche, dans les pays pauvres en ressources naturelles la croissance a continué d’être robuste. Grâce à une modeste reprise, la croissance devrait se situer à environ 2,6 % en 2017, niveau toutefois inférieur à celui des tendances passées et trop faible pour remettre l’Afrique subsaharienne sur la voie de l’amélioration des niveaux de vie. La région continue d’offrir un énorme potentiel de croissance, mais la détérioration des perspectives globales tient en partie au caractère insuffisant des ajustements opérés par les pouvoirs publics. Pour mettre en valeur ce potentiel, la région devra mener des politiques saines et avisées qui lui permettront de faire redémarrer le moteur de la croissance.

Economic forecasting --- Economics --- Forecasting --- Economic indicators --- Africa, Sub-Saharan --- Economic conditions. --- Foreign Exchange --- Macroeconomics --- Public Finance --- Statistics --- Economics: General --- Informal Economy --- Underground Econom --- Fiscal Policy --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- National Government Expenditures and Welfare Programs --- Public finance & taxation --- Economics of specific sectors --- Currency --- Foreign exchange --- Econometrics & economic statistics --- Informal economy --- Exchange rates --- Social assistance spending --- Government finance statistics --- Fiscal policy --- Informal sector --- Expenditures, Public --- Finance --- South Africa

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In response to a request of the Central Bank of Djibouti (CBD), a mission from the International Monetary Fund’s (IMF’s) Statistics Department (STA) visited Djibouti during March 4-11, 2018, to provide technical assistance (TA) on the financial soundness indicators (FSIs). The main objectives of the mission were to: (1) ensure that the source data were adequate for the compilation of the FSIs; (2) assist the CBD in the compilation of the FSIs on the basis of the international standards set out in the IMF’s Financial Soundness Indicators Compilation Guide (FSI Guide); (3) guide the staff of the CBD in the preparation of the FSI metadata in line with the IMF metadata forms; and (4) agree with the Banking Supervision Unit (BSU) on an action plan for the production of the FSIs and their regular reporting to STA.

Technical assistance. --- Assistance, Technical --- Assistance, Technological --- Technological assistance --- Economic assistance --- Accounting --- Banks and Banking --- Finance: General --- Statistics --- General Financial Markets: Government Policy and Regulation --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Public Administration --- Public Sector Accounting and Audits --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Finance --- Banking --- Financial reporting, financial statements --- Econometrics & economic statistics --- Financial soundness indicators --- Commercial banks --- Financial statements --- Financial statistics --- Financial services industry --- Banks and banking --- Finance, Public --- Djibouti

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Cette évaluation de la gestion des investissements publics (PIMA) au Mali met en lumière un cadre de gestion robuste dont l’efficience est paradoxalement faible. Conformément à la méthodologie élaborée par le département des finances publiques (FAD) du FMI, cette évaluation PIMA dresse un état des lieux de l’investissement public, ses caractéristiques et son efficience, puis passe en revue les procédures de gestion pour en déterminer les faiblesses (voir tableau 1). Au Mali, le cadre de gestion est assez robuste si on le compare aux pays de la sous-région et aux autres pays en voie de développement, mais il produit peu de capital fixe durable par unité de dépense d’investissement par habitant.

Public investments --- Government investments --- Investments, Public --- Expenditures, Public --- Investments --- Capital budget --- Economic development projects --- Investment of public funds --- Management. --- Finance --- Budgeting --- Public Finance --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- Budgeting & financial management --- Public investment and public-private partnerships (PPP) --- Public investment spending --- Capital spending --- Budget planning and preparation --- Expenditure --- Public-private sector cooperation --- Capital investments --- Budget --- Mali

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This 2018 Article IV Consultation highlights the important challenges Algeria continues to face as a result of the fall in oil prices four years ago. Despite sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large. Real GDP growth slowed sharply, driven mainly by a contraction in hydrocarbon production, although growth in the nonhydrocarbon sector was stable. Unemployment increased to 11.7 percent in September 2017 from 10.5 in September 2016 and remains particularly high among youth and women. Average inflation declined from 6.4 percent in 2016 to 5.6 percent owing to slowing inflation for manufactured goods and services, and stood at 3.4 percent year over year in April 2018.

Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Algeria --- Economic conditions. --- Banks and Banking --- Macroeconomics --- Public Finance --- Statistics --- Taxation --- Fiscal Policy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Energy: Demand and Supply --- Prices --- Central Banks and Their Policies --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banking --- Public finance & taxation --- Econometrics & economic statistics --- Currency --- Foreign exchange --- Fiscal consolidation --- Oil prices --- Quasi-fiscal operations --- State-owned banks --- Fiscal policy --- Banks and banking --- Tax administration and procedure