Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...

This study has evaluated all of the Budget Support operations undertaken in Mozambique from 2005 to 2012. These operations amount to a resource transfer of US $ 3,354million -an annual average disbursement in excess of US $ 400million, some $16 per annum per head of the Mozambican population,...

This study has evaluated the General and Sector Budget Support operations undertaken in Tanzania from 2005/06 to 2011/12. These operations amount to a resource transfer of almost US$5,000 million - an annual average disbursement of US$ 694 million, some $16 per annum per head of the Tanzanian...

The purpose of this study has been twofold: (i) To undertake an evaluation of the 32(out of 33) budget support operations which have been conducted in Mali over 2003 to 2009 by ten Development Partners (DPs) and to provide recommendations on the management of future budget support operations in...

The period covered by the evaluation, 1996-2007, was a time of political-military crises and worsening poverty and insecurity for the Central African Republic. This continued the trend which started immediately after Independence and which led the Central African Republic into a situation of...

Die Entwicklung der Bevölkerung geriet in Deutschland infolge der gegenwärtigen Finanzkrise der öffentlichen Haushalte und der Systeme sozialer Sicherung in den Focus des öffentlichen Interesses. Die in den meisten hochentwickelten Ländern sich abzeichnende Alterung und Schrumpfung der...

The paper examines empirically the proposition that aid to poor countries is detrimental for external competitiveness, giving rise to Dutch disease type effects. At the aggregate level, aid is found to have a positive effect on growth of labour productivity. A sectoral decomposition shows that...

Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...

This paper examines fungibility as a possible explanation for the missing link between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....