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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 2. The Macroeconomics of Aid

Appendix 2. The Macroeconomics of Aid »

Source: Macroeconomic Challenges of Scaling Up Aid to Africa : A Checklist for Practitioners

Series: IMF Special Issues

Author(s): Yongzheng Yang , Robert Powell , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2006

ISBN: 9781589065055

Keywords: exchange rate, real exchange rate, foreign exchange, foreign aid, central bank

Appendix Table A.2.1 Official Net Transfers to SSA Countries (In percent of GDP)...

Appendix 1. The Relationship between Aid Flows and Exchange Rates in Sub-Saharan Africa

Appendix 1. The Relationship between Aid Flows and Exchange Rates in Sub-Saharan Africa »

Source: Macroeconomic Challenges of Scaling Up Aid to Africa : A Checklist for Practitioners

Series: IMF Special Issues

Author(s): Yongzheng Yang , Robert Powell , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2006

ISBN: 9781589065055

Keywords: exchange rate, real exchange rate, foreign exchange, foreign aid, central bank

Aid Flows and the Real Exchange Rate Attempts to measure the relationship between aid flows and the real exchange rate in SSA date back to the early 1980s (Appendix Table A.2.2)....

9 Debt and New Financing in Low-Income Countries: Looking Back, Thinking Ahead

9 Debt and New Financing in Low-Income Countries: Looking Back, Thinking Ahead »

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 If financing for development is to be effective, it must reconcile the objective of meeting the large needs of poor countries with that of maintaining their debt at s...

7 Exogenous Inflows and Real Exchange Rates: Theoretical Quirk or Empirical Reality?

7 Exogenous Inflows and Real Exchange Rates: Theoretical Quirk or Empirical Reality? »

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 Concerns that large aid inflows will induce a sharp and sustained appreciation of the real exchange rate, discourage the expansion of exports (particularly nontraditi...

The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia »

Source: The Federal Democratic Republic of Ethiopia : Selected Issues and Statistical Appendix

Volume/Issue: 2005/28

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2005

ISBN: 9781451812749

Keywords: international monetary fund, debt relief, external debt, exchange rate, real exchange rate

This Selected Issues paper assesses the implications of a significant increase in the flow of external financing and grants on real GDP growth in Ethiopia. The paper presents an analysis of the sources of growth du...