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Pablo Lopez Murphy

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Articles

From Plans to Reality: Sub-Saharan Africa’s Budget Credibility

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By Pablo Lopez Murphy, Qianqian Zhang
| cepweb.org
, and | 30 June 2026 Fiscal, Blog | Tags: Africa, Tax Expenditures The views expressed here are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Introduction Budgets are the central policy instrument for articulating government priorities, allocating scarce resources, and determining the fiscal stance.
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Budget Credibility in Sub-Saharan Africa

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By Pablo Lopez Murphy, Felix F. Simione, Qianqian Zhang
| imf.org
Loading component... Loading component... Loading component... Loading component... Our eLibrary offers over 25,000 IMF publications in multiple formats. Explore Latest economic research and insights delivered to your inbox each month. Subscribe Budget Credibility in Sub-Saharan Africa Download PDF More Formats on IMF eLibrary Order a Print Copy ProCite RefWorks Reference Manager This paper analyses budget credibility in Sub-Saharan Africa, where fiscal plans frequently diverge from execution.
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Drivers of Corporate Cash Holdings in Japan: Japan

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By SeHo Kim, Rui Xu, Pablo Lopez Murphy
| imf.org
Drivers of Corporate Cash Holdings in Japan: Japan Author/Editor: Seho Kim ; Pablo Lopez Murphy ; Rui Xu Publication Date: May 18, 2023 Electronic Access: Summary: In Japan, corporate savings have risen since 2000 in line with profits. A large share of the additional savings was kept as cash holdings (i.e., cash and short-term investments) rather than used for investment.
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