The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls / Boriana Yontcheva, Peter Isard, Leslie Lipschitz, Alex Mourmouras.

Format:

Book

Government document

Author/Creator:

Yontcheva, Boriana.

Contributor:

Isard, Peter.

Lipschitz, Leslie.

Mourmouras, Alex.

International Monetary Fund.

Series:

Seminar Volumes

Language:

English

Subjects (All):

Economic assistance--Congresses.

Economic assistance.

Poverty--Congresses.

Poverty.

Fiscal policy--Congresses.

Fiscal policy.

Foreign exchange rates--Congresses.

Foreign exchange rates.

Physical Description:

1 online resource (286 pages)

Other Title:

macroeconomic management of foreign aid

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Summary:

Relatively slow progress toward meeting the Millennium Development Goals (MDGs) by their 2015 target date has added urgency to the challenge of reducing global poverty. The authors of this new book--who include scholars from the IMF, World Bank, Oxford University, and the Center for Global Development--argue that the MDGs cannot be achieved without a substantial scaling up of foreign aid. They show how such increased aid flows must be managed effectively to ensure the greatest benefit. And they offer analysis and insight on a variety of macroeconomic policy implications that both donors and recipients should consider.

Contents:

Foreign aid and macroeconomic management: overview and synopsis of key lessons / Peter Isard ... [et al.]

Session I. Aid, growth, and poverty reduction: what should aid be trying to achieve? How good is the record? Aid and growth: the current debate and some new evidence / Steven Radelet, Michael Clemens, and Rikhil Bhavnani

Aid, growth, and poverty / Aart Kraay

Session II. Aid absorption: recognizing and avoiding macroeconomic hazards. Analytical overview of aid absorption: recognizing and avoiding macroeconomic hazards / David L. Bevan

High aid inflows: the case of Ghana / Shekhar Aiyar ... [et al.]

Absorptive capacity and achieving the MDGs: the case of Ethiopia / Mark Sundberg and Hans Lofgren

Session III. Dutch disease: where do we stand? Exogenous inflows and real exchange rates: theoretical quirk or empirical reality? / Christopher Adam

Session IV. Aid, volatility, and stabilization policy: does aid smooth absorption or exacerbate shocks? Reliability and countercyclicality. Volatility of development aid: unpleasant bean counting / Ales̆ Bulír̆ and A. Javier Hamann

Session V. Aid, debt, and fiscal policy. Debt and new financing in low-income countries: looking back, thinking ahead / Christina Daseking and Bikas Joshi

Session VI. Roles of aid, governance, and the political economy. Aid, governance, and the poltical economy: growth and institutions / Simon Johnson and Arvind Subramanian.

Notes:

Description based on print version record.

ISBN:

9781455263004

1455263001

9781451989557

1451989555