{"id":57554,"date":"2023-04-13T14:00:32","date_gmt":"2023-04-13T14:00:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/13\/give-greater-priority-to-rebuilding-fiscal-buffers-imfs-vitor-gaspar-tells-govt\/"},"modified":"2023-04-13T14:00:32","modified_gmt":"2023-04-13T14:00:32","slug":"give-greater-priority-to-rebuilding-fiscal-buffers-imfs-vitor-gaspar-tells-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/13\/give-greater-priority-to-rebuilding-fiscal-buffers-imfs-vitor-gaspar-tells-govt\/","title":{"rendered":"Give greater priority to rebuilding fiscal buffers &#8211; IMF&#8217;s Vitor Gaspar tells govt"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"406\"  alt=\"\" title=\"IMF\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/IMF-696x406.png\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"406\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/IMF-696x406.png\"   alt=\"\" title=\"IMF\"\/><\/noscript><figcaption class=\"wp-caption-text\">The Director of Fiscal Affairs at the IMF, Vitor Gaspar<\/figcaption><\/figure>\n<\/div>\n<p><strong>The Director of Fiscal Affairs at the International Monetary Fund (IMF), Vitor Gaspar has said that abrupt changes in financial conditions call for fiscal restraint to tackle financial vulnerabilities.<\/strong><\/p>\n<p>He said the government would need to give greater priority to rebuilding fiscal buffers.<\/p>\n<p>They can do this by developing credible risk-based fiscal frameworks that promote, Mr. Gasper said while launching the\u00a0Fiscal Outlook Report released at the Annual IMF\/World Bank Spring Meetings in Washington DC USA.<\/p>\n<p>He also advised the government of Ghana to ensure that fiscal policy is consistent with monetary policy to restore price and financial stability, while supporting the most vulnerable.<\/p>\n<p>\u201cAbrupt changes in financial conditions also call for fiscal restraint to tackle fiscal vulnerabilities. To that end, governments will need to give greater priority to rebuilding fiscal buffers by developing credible risk-based fiscal frameworks that promote\u201d, Mr. Gasper said.<\/p>\n<p>Meanwhile, Ghana\u2019s Ministry of Finance has said that the sector Minister Ken Ofori-Atta had very<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0productive meetings so far at the\u00a0<\/span><span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/hashtag\/SpringMeeting2023?src=hashtag_click\">#SpringMeeting2023<\/a><\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0with the\u00a0IMF, International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA), among others.<\/span><\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Very productive meetings so far at the <a href=\"https:\/\/twitter.com\/hashtag\/SpringMeeting2023?src=hash&amp;ref_src=twsrc%5Etfw\">#SpringMeeting2023<\/a> with the IMF, IFC &amp; JICA, among others.  Grateful for the strong cooperation from our bilateral and multilateral partners! <a href=\"https:\/\/twitter.com\/hashtag\/resolvingtogether?src=hash&amp;ref_src=twsrc%5Etfw\">#resolvingtogether<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ReshapingDevelopment?src=hash&amp;ref_src=twsrc%5Etfw\">#ReshapingDevelopment<\/a> <a href=\"https:\/\/twitter.com\/IMFNews?ref_src=twsrc%5Etfw\">@IMFNews<\/a> <a href=\"https:\/\/twitter.com\/IFC_org?ref_src=twsrc%5Etfw\">@IFC_org<\/a> <a href=\"https:\/\/twitter.com\/WorldBank?ref_src=twsrc%5Etfw\">@WorldBank<\/a> <a href=\"https:\/\/twitter.com\/jica_direct_en?ref_src=twsrc%5Etfw\">@jica_direct_en<\/a> <a href=\"https:\/\/t.co\/wrp8l87Dj7\">pic.twitter.com\/wrp8l87Dj7<\/a><\/p>\n<p>\u2014 Office of the Finance Minister-Ghana (@oofmghana) <a href=\"https:\/\/twitter.com\/oofmghana\/status\/1646103072244989952?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p>\n<\/blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cGrateful for the strong cooperation from our bilateral and multilateral partners!&lt;\u201d the Office of the Finance Minister tweeted on Wednesday, April 12.<\/span><\/p>\n<p>The 2023 Spring Meetings of the Fund and the World Bank Group commenced on Monday, April 10, and are expected to end on Sunday, April 16.<\/p>\n<p>The theme for the programme of events is \u201cReshaping Development for a New Era\u201d.<\/p>\n<p>At the heart of the meetings is a discussion around the progress of the institutions.<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re gearing up for Day 3 of our 2023 Spring Meetings. On today\u2019s agenda: we discuss public finance, debt, and more. For an overview of the day\u2019s events with expert commentary, watch IMF Today.<\/p>\n<p>Tune in LIVE at 5 PM ET (9 PM GMT): https:\/\/t.co\/Lcu9TaVT34 <a href=\"https:\/\/t.co\/TJJWjqRrmV\">pic.twitter.com\/TJJWjqRrmV<\/a><\/p>\n<p>\u2014 IMFLive (@IMFLive) <a href=\"https:\/\/twitter.com\/IMFLive\/status\/1646106026457047040?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p>\n<\/blockquote>\n<p>The meetings bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Director of Fiscal Affairs at the IMF, Vitor Gaspar The Director of Fiscal Affairs at the International Monetary Fund (IMF), Vitor Gaspar has said that abrupt changes in financial conditions call for fiscal restraint to tackle financial vulnerabilities. He said the government would need to give greater priority to rebuilding fiscal buffers. They can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-57554","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Give greater priority to rebuilding fiscal buffers - IMF&#039;s Vitor Gaspar tells govt - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/13\/give-greater-priority-to-rebuilding-fiscal-buffers-imfs-vitor-gaspar-tells-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Give greater priority to rebuilding fiscal buffers - IMF&#039;s Vitor Gaspar tells govt - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Director of Fiscal Affairs at the IMF, Vitor Gaspar The Director of Fiscal Affairs at the International Monetary Fund (IMF), Vitor Gaspar has said that abrupt changes in financial conditions call for fiscal restraint to tackle financial vulnerabilities. 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