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In the context of continuing wage increases, restrictive monetary and fiscal policy mostly affects output and unemployment and has little effect on inflation. The latter countries are particularly vulnerable to such spillovers given their generally less liquid financial markets and, in some cases, weak fundamentals related to the banking system and external financing. Together, the increased cost of O&M has reduced farmers� income-generating potential on many irrigation schemes.

Pages: 240

Publisher: Urbane Publications; 1 edition (August 15, 2015)

ISBN: 1909273201

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