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Equity and Efficiency in the Reform of Price Subsidies [electronic resource] : A Guide for Policymakers / Juan Pablo Cordoba.

By: Cordoba, Juan Pablo.
Contributor(s): Gillingham, Robert | Gupta, Sanjeev | Mansoor, Ali M | Schiller, Christian | Verhoeven, Marijn.
Material type: materialTypeLabelBookPublisher: Washington, D.C. : International Monetary Fund, 2000Description: 1 online resource (35 p.).ISBN: 1557759731 :.Subject(s): Price Subsidies | Social Protection | Social Safety Nets | Subsidy | Indonesia | Jordan | Sri Lanka | UkraineAdditional physical formats: Print Version:: Equity and Efficiency in the Reform of Price Subsidies : A Guide for PolicymakersOnline resources: IMF e-Library | IMF Book Store Abstract: This text provides guidance to policymakers on how to design and implement sound price-subsidy reforms. It draws on the experience of price-subsidy reform in 28 countries. The authors discuss economic and political considerations and make several recommendations concerning the speed of reform and social protection mechanisms. They discuss how the social impact of reform can be limited by establishing cost-effective and well-targeted temporary social protection mechanisms, and how governments can reduce the risk of political disruption by distributing the initial burden of reform fairly and by clearly explaining the costs and benefits to the public.
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This text provides guidance to policymakers on how to design and implement sound price-subsidy reforms. It draws on the experience of price-subsidy reform in 28 countries. The authors discuss economic and political considerations and make several recommendations concerning the speed of reform and social protection mechanisms. They discuss how the social impact of reform can be limited by establishing cost-effective and well-targeted temporary social protection mechanisms, and how governments can reduce the risk of political disruption by distributing the initial burden of reform fairly and by clearly explaining the costs and benefits to the public.

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