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This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the central bank controls absorption through monetary policy...
Persistent link: https://www.econbiz.de/10003793498
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
A transition finance country pilot was initiated by the OECD Development Assistance Committee (DAC) in partnership with the government of Cabo Verde. The study aims to capture the challenges facing Cabo Verde following graduation from Least Developed Country (LDC) to Lower Middle Income Category...
Persistent link: https://www.econbiz.de/10011992030
In accounting for the rather gloomy trend of the aid effectiveness literature over the last few years, one explanatory strand has been fiscal, suggesting in particular that aid flows in weak states have tended to erode the taxbase and the structure of institutions. We pursue this idea, tracing...
Persistent link: https://www.econbiz.de/10009508593
This paper focuses on the macroeconomic aspects of fiscal management in aid-receiving countries. Despite the declining share of aid in budgets of donor countries, aid continues to play an important role in many developing countries. The paper first discusses the implications of aid in the...
Persistent link: https://www.econbiz.de/10012783405
Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural...
Persistent link: https://www.econbiz.de/10011409248
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that...
Persistent link: https://www.econbiz.de/10014409798
Persistent link: https://www.econbiz.de/10013436592
This study examines foreign aid effectiveness in poverty reduction in Africa with focus on the role of regional fiscal … significantly improves the income level in all the regions except Central Africa, and consumption in the Western and Central regions …. When augmented with effective fiscal policy on health foreign aid enhances households' income in West and Central Africa …
Persistent link: https://www.econbiz.de/10014282076
Over centuries, efficient allocation of limited resources has been one main concerns of governments and social scientists. The emergence of the Internet fuelled the proliferation of online matching platforms that facilitate the redistribution of omnipresent surplus resources. This article...
Persistent link: https://www.econbiz.de/10012944117