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6 Absorptive Capacity and Achieving the MDGs: The Case of Ethiopia

6 Absorptive Capacity and Achieving the MDGs: The Case of Ethiopia »

Source: The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

I. Introduction The issues of effectiveness and absorptive capacity have attracted increasing attention in view of growing efforts to raise new and large-scale financial resources—be...

2 Aid and Growth: The Current Debate and Some New Evidence

2 Aid and Growth: The Current Debate and Some New Evidence »

Source: The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

Controversies about the effectiveness of foreign aid go back decades. Milton Friedman (1958), Peter Bauer (1972), William Easterly (2001), and other economists have leveled stinging critiques at aid, chargin...

10 Aid, Governance, and the Political Economy: Growth and Institutions

10 Aid, Governance, and the Political Economy: Growth and Institutions »

Source: The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

I. Introduction Among the top priorities of the Millennium Development Goals (MDGs) is the eradication of “extreme poverty and hunger.” Achieving this goal will no doubt require acti...

3 Aid, Growth, and Poverty

3 Aid, Growth, and Poverty »

Source: The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

The organizers of this conference have asked me to speak about aid and poverty alleviation. We have already heard Steven Radelet provide a very thorough review of the state of the evidence on the effects of...

4 An Analytical Overview of Aid Absorption: Recognizing and Avoiding Macroeconomic Hazards

4 An Analytical Overview of Aid Absorption: Recognizing and Avoiding Macroeconomic Hazards »

Source: The Macroeconomic Management of Foreign Aid : Opportunities and Pitfalls

Series: Seminar Volumes

Author(s): Boriana Yontcheva , Peter Isard , Leslie Lipschitz , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

ISBN: 9781589065208

Keywords: debt, exchange rate, real exchange rate, loans, political institutions

Introduction In recent years, aid flows have tended to become more concentrated on a subset of developing countries. 1 In consequence, they have so...

Appendix I Real Exchange Rate Movements and External Competitiveness

Appendix I Real Exchange Rate Movements and External Competitiveness »

Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

Movements in the real exchange rate are summarized in Charts 6 and 7, which show the path of the real effective exchange rate (that is, the trade-weighted exchange rate adjusted for...

Appendix II Foreign Direct Investment

Appendix II Foreign Direct Investment »

Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

The reform strategy implemented in the Lao P.D.R. since 1985 has recognized the importance of external resources—both official and private—in accelerating economic transformation an...

Appendix III Legal and Constitutional Reform

Appendix III Legal and Constitutional Reform »

Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

Before the takeover in late 1975, the Kingdom of the Lao P.D.R. had the Constitution of 1947 and an essentially two-tier legal framework: civil affairs, such as family, dowry, inher...

Appendix IV Structure of the Tax System, End-1994

Appendix IV Structure of the Tax System, End-1994 »

Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

Tax Exemptions and Deductions Rate...

Appendix V The Lao Government's Policy Agenda, 1994/95–1999/2000

Appendix V The Lao Government's Policy Agenda, 1994/95–1999/2000 »

Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

As described in the Committee for Planning and Cooperation's Medium-Term Policy Framework and Public Investment Program, the Lao Government's ambitious policy agenda for 1994/95–199...