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Development Aid and Economic Growth

Development Aid and Economic Growth »

Source: Development Aid and Economic Growth : A Positive Long-Run Relation

Volume/Issue: 2009/118

Series: IMF Working Papers

Author(s): Sanjay Reddy , and Camelia Minoiu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872651

Keywords: foreign aid, aid effectiveness, aid allocation, aid flows, terms of trade,

We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of...

Do Remittances Reduce Aid Dependency?

Do Remittances Reduce Aid Dependency? »

Source: Do Remittances Reduce Aid Dependency?

Volume/Issue: 2011/246

Series: IMF Working Papers

Author(s): Maelan Le Goff , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463923259

Keywords: Development aid, aid flows, aid dependency, bilateral aid, aid allocation, International Factor Movements and International Business: General, Economic Development: General,

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remitt...

How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?

How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? »

Source: How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?

Volume/Issue: 2001/167

Series: IMF Working Papers

Author(s): A. Hamann , and Ales Bulir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2001

ISBN: 9781451858181

Keywords: external aid, volatility, predictability, IMF-supported programs, correlation, prediction, aid flows,

This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent c...

Volatility of Development Aid

Volatility of Development Aid »

Source: Volatility of Development Aid : From the Frying Pan into the Fire?

Volume/Issue: 2006/65

Series: IMF Working Papers

Author(s): A. Hamann , and Ales Bulir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

ISBN: 9781451863253

Keywords: External aid, ODA, volatility, predictability, aid flows, correlation, Low Income Developing Countries,

The positive impact of foreign aid is limited by the erratic behavior of aid flows. The introduction in 1999 of various initiatives anchored in Poverty Reduction Strategy Papers (PRSPs) which were aimed at strength...

Business Cycle Fluctuations, Large Shocks, and Development Aid

Business Cycle Fluctuations, Large Shocks, and Development Aid »

Source: Business Cycle Fluctuations, Large Shocks, and Development Aid : New Evidence

Volume/Issue: 2010/240

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Camelia Minoiu , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2010

ISBN: 9781455209408

Keywords: foreign aid, bilateral donors, business cycle, macroeconomic shocks, aid flows, bilateral aid, development aid, dynamic effects, Macroeconomic Analyses of Economic Development,

We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to busines...

Local Financial Development and the Aid-Growth Relationship

Local Financial Development and the Aid-Growth Relationship »

Source: Local Financial Development and the Aid-Growth Relationship

Volume/Issue: 2004/238

Series: IMF Working Papers

Author(s): Mwanza Nkusu , and Selin Sayek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781451875775

Keywords: financial development, financial market, aid flows, financial markets, aid effectiveness, financial market development, Welfare and Poverty: General, Economic Growth and Aggregate Productivity: General, Economywide Country Studies: General,

With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of...

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the Independent Evaluation Office Report on The IMF and Aid to Sub-Saharan Africa

Implementation Plan in Response to Board-Endorsed Recommendations Arising from the Independent Evaluation Office Report on The IMF and Aid to Sub-Saharan Africa »

Source: Implementation Plan in Response to Board-Endorsed Recommendations Arising from the Independent Evaluation Office Report on The IMF and Aid to Sub-Saharan Africa

Volume/Issue: 2007/019

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2007

ISBN: 9781498333535

Keywords: Development assistance, Sub-Saharan Africa, Technical Assistance, Financial sector, Fiscal policy, Public financial management, Poverty reduction, Civil society, IEO, PRSP

This paper sets out an implementation plan that responds to the IEO report on the Fund and Aid to Sub-Saharan Africa (the IEO Report). It sets out the recommendations made in the IEO Report and the view of the Exec...

Fiscal Policy Response to Scaled-Up Aid

Fiscal Policy Response to Scaled-Up Aid »

Source: Fiscal Policy Response to Scaled-Up Aid

Volume/Issue: 2007/020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2007

ISBN: 9781498333542

Keywords: Development assistance, Fiscal policy, Use of Fund resources, Official development assistance, Heavily indebted poor countries, Absorptive capacity, Expenditure efficiency, PFM, medium-term, scaled-up

Sound fiscal policies are critical for handling aid volatility as well as for making effective use of scaled-up aid and other flows. By easing resource constraints, these flows allow low-income countries (LICs) to...

Pity the Finance Minister

Pity the Finance Minister »

Source: Pity the Finance Minister : Issues in Managing a Substantial Scaling-Up of Aid Flows

Volume/Issue: 2005/180

Series: IMF Working Papers

Author(s): Peter Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451861990

Keywords: Aid donors, aid flows, exchange rate, real exchange rate, foreign exchange, Fiscal Policies and Behavior of Economic Agents: General, Macroeconomic Analyses of Economic Development, Fiscal and Monetary Policy in Development,

Substantially scaling up of aid flows will require development partners to address many issues, including the impact of higher aid flows on: the competitiveness of aid recipients; the management of fiscal and monet...

The Macroeconomics of Scaling-up Aid

The Macroeconomics of Scaling-up Aid »

Source: The Macroeconomics of Scaling-up Aid : the Cases of Benin, Niger, and Togo

Volume/Issue: 2008/059

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2008

ISBN: 9781498334112

Keywords: Absorptive capacity, Aid flows, Development assistance, Economic conditions, Exchange rates, Group of eight, Inflation, Millennium Development Goals, Economic reforms, Heavily indebted poor countries

In September 2007, the UN Secretary General launched the Millennium Development Goals (MDG) Africa Steering and Working Groups. The Steering Group brings together the leaders of multilateral institutions to identif...