How relevant for Africa? The macroeconomics of poverty reduction, initial findings of the UNDP Asea-Pacific regional Programme
Author(s)/Corporate Author (s)McKinley, Terry;
United Nations. Economic Commission for Africa;
Economic Policy Research Center;
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The objective of the regional programme is to broaden the policy dialogue on the prerequisites for pro-poor growth and promote greater consistency between countries Poverty Reduction Strategy Papers and their macroeconomic and adjustment polices. This paper presents some initial findings from the early drafts of six case studies (Bangladesh, Cambodia, China, Indonesia, Nepal and Vietnam) before the end of 2003, a final synthesis report will be produced and the case studies will be submitted for professional publication. The paper seeks to briefly address seven issues 1) Investment-led fiscal policy 2) restrictive inflation targeting 3) low revenue/GDP ratios 4) the neglect of agricultural and rural development 5) the poor record of financial liberalization 6) the key role of employment and 7) the mixed record of trade liberalization.