Tag: Africa Must Do More With Less to Build Prosperity
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Era Dabla-Norris (IMF): “Africa Must Do More With Less to Build Prosperity”
Era Dabla-Norris (IMF): Spending rigidity refers to the challenges that governments face in adjusting the size or composition of public spending in the short term. This rigidity arises from factors such as legal mandates—in other words, obligations to pay for pensions or multi-year commitments—or institutional constraints. While some rigidity supports long-term budgetary planning, excessive rigidity…
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