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APPENDIX 1. Country Experiences with Scaled-Up Aid

APPENDIX 1. Country Experiences with Scaled-Up Aid »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

In the past, aid recipients often experienced sharp swings in aid flows. Net aid flows to Pakistan, for example, increased by a factor of 2.5 between 1997 and 2004, and nearly tripled to Ethiopia during the...

APPENDIX 2. Expenditure Efficiency—An Empirical Assessment

APPENDIX 2. Expenditure Efficiency—An Empirical Assessment »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

It will be essential for low-income countries to make efficient use of scaled-up aid to ensure sustained progress toward the Millennium Development Goals (MDGs). In particular, efficient spending in priority...

CHAPTER 3. Choosing an Expenditure Path

CHAPTER 3. Choosing an Expenditure Path »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

The IMF’s advice and program design encourage aid recipients to spend all aid fully and effectively. How much and how fast scaled-up aid should be spent over the medium term is a function of the following:...

CHAPTER 6. Conclusions

CHAPTER 6. Conclusions »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

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 to...

Chapter 2. Country Overview

Chapter 2. Country Overview »

Source: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa

Series: IMF Special Issues

Author(s): Harinder Malothra , Milan Cuc , Ulrich Bartsch , and Menachem Katz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2004

ISBN: 9781589063174

Keywords: fiscal policy, oil sector, oil companies, exchange rate, oil prices

The seven countries in the group of oil-producing African countries together produced an average of 3.8 million barrels of oil per day in 2001, equivalent to 5 percent of world oil production. Their total pr...

CHAPTER 4. Dealing with Aid Uncertainty and Volatility

CHAPTER 4. Dealing with Aid Uncertainty and Volatility »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

Aid volatility complicates fiscal policy implementation. Aid flows are more volatile than revenues (Bulíř and Hamann, 2007) and significantly more volatile than remittances (Gupta, Pattillo, and Wagh, 2007)....

CHAPTER 2. Establishing a Medium-Term Resource Envelope

CHAPTER 2. Establishing a Medium-Term Resource Envelope »

Source: Fiscal Management of Scaled-Up Aid

Series: IMF Special Issues

Author(s): Kevin Fletcher , Sanjeev Gupta , Duncan Last , Gerd Schwartz , Shamsuddin Tareq , Richard Allen , and Isabell Adenauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2008

ISBN: 9781589067035

Keywords: expenditure, fiscal policy, public expenditure, public spending, fiscal institutions

The first step in establishing a medium-term resource envelope is to collect information on the intentions of official and private donors. Governments typically lack information on private aid flows, and a p...

Chapter 6. Exchange Rate Regimes and Competitiveness

Chapter 6. Exchange Rate Regimes and Competitiveness »

Source: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa

Series: IMF Special Issues

Author(s): Harinder Malothra , Milan Cuc , Ulrich Bartsch , and Menachem Katz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2004

ISBN: 9781589063174

Keywords: fiscal policy, oil sector, oil companies, exchange rate, oil prices

Background Discussion Oil-exporting countries have used a variety of exchange rate arrangements, as shown in Figure 9. At the end of 2001, about 18 of the 29 oil-producing IMF member...

Chapter 9. Final Discussion: Toward an Agenda for Further Work

Chapter 9. Final Discussion: Toward an Agenda for Further Work »

Source: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa

Series: IMF Special Issues

Author(s): Harinder Malothra , Milan Cuc , Ulrich Bartsch , and Menachem Katz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2004

ISBN: 9781589063174

Keywords: fiscal policy, oil sector, oil companies, exchange rate, oil prices

The fact that oil-producing countries in Africa have not achieved better social indicators than other African countries gives rise to the question of whether this was despite or because of the inflow of bill...

Chapter 4. Fiscal Policy Formulation

Chapter 4. Fiscal Policy Formulation »

Source: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa

Series: IMF Special Issues

Author(s): Harinder Malothra , Milan Cuc , Ulrich Bartsch , and Menachem Katz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2004

ISBN: 9781589063174

Keywords: fiscal policy, oil sector, oil companies, exchange rate, oil prices

A. Background Discussion While it may not be possible to identify an “optimal” fiscal policy for oil countries in general, the discussions in the previous section provide important i...