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Moving Forward: International Financial Institutions

Written by: International Monetary Fund

Article Overview: The international financial institutions (IFIs) need to continue to provide financial support to countries pursuing sustainable growth and poverty-reduction strategies.

Moving Forward: International Financial Institutions

The international financial institutions (IFIs) need to continue to provide
financial support to countries pursuing sustainable growth and
poverty-reduction strategies. In this regard, IFIs need to ensure that such
support is used to promote strategies that are country-owned and developed
with input from PSIA. In countries where the institutional capacity
to develop and implement such strategies is weak, it is essential for IFIs to
provide technical assistance, including in public expenditure management, as well as assistance in improving the understanding of links between government
policies, poverty, and sustainable use of the environment. In addition
to supporting capacity building, the IFIs and their development
partners should continue analytical work on the links between economic
policy and sustainable development, since many facets of development are
still not fully understood. Finally, international financial institutions
should foster more extensive dialogue with member country governments
and civil society to improve communication and better explain the rationale
for their policies.

Fiscal Dimensions of Sustainable Development
Prepared for
World Summit on Sustainable Development
Johannesburg, August 26–September 4, 2002

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Article Tags: 26 september, country governments, development partners, dialogue, economic policy, facets, government policies, ifis, institutional capacity, international financial institutions, johannesburg, member country, poverty reduction strategies, psia, public expenditure management, rationale, sustainable growth, sustainable use, technical assistance, world summit on sustainable development



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