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Managing Reductions in Aid Inflows : Assessing Policy Choices in Haiti
Moldovan, Ioana - 2018
A low-income country such as Haiti that confronts an environment of diminishing aidinflows must assess tradeoffs among the available policy options: spending cuts,monetization, sales of debt, or use of foreign reserves. To provide the analytical tools forthis task, the paper draws from a set of...
Persistent link: https://www.econbiz.de/10012909421
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Does Conditionality Mitigate the Potential Negative Effect of Aid on Revenues?
Crivelli, Ernesto - 2016
This paper assesses whether conditionality in IMF-supported programs has helped offset the potential negative effect of …-income countries - shows that growing use of revenue conditionality by low-income countries partially offsets the depressing effect of … foreign grants on tax revenue, particularly on taxes on goods and services. The impact of conditionality is strong in …
Persistent link: https://www.econbiz.de/10012977821
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Mobilization Effects of Multilateral Development Banks
Broccolini, Chiara - 2019
We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012889164
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Can Good Governance Lower Financial Intermediation Costs?
Jarmuzek, Mariusz - 2019
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10012895101
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Budget Support Versus Project Aid
Cordella, Tito; Dell'Ariccia, Giovanni - 2021
be subject to conditionality. We show that budget support is preferable to project aid when donors and recipients …
Persistent link: https://www.econbiz.de/10013212319
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Does Conditionality in IMF-Supported Programs Promote Revenue Reform?
Crivelli, Ernesto - 2015
This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance … of 126 low- and middle-income countries during 1993-2013. The results indicate that such conditionality had a positive … conditionality matters more for low-income countries, particularly those where revenue ratios are below the group average. Moreover …
Persistent link: https://www.econbiz.de/10013031170
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Donor Competition for Aid Impact, and Aid Fragmentation
Annen, Kurt - 2012
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10013098604
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BRICs’ Philosophies for Development Financing and Their Implications for LICs
Mwase, Nkunde - 2012
on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality …
Persistent link: https://www.econbiz.de/10013108610
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Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?
Combes, Jean-Louis - 2013
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...
Persistent link: https://www.econbiz.de/10013091296
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Making Fiscal Space Happen : Managing Fiscal Policy in a World of Scaled-Up Aid
Heller, Peter - 2007
Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and...
Persistent link: https://www.econbiz.de/10012777965