Series: IMF Working Papers
Author(s): Jan Martijn , Markus Berndt , Abu Shonchoy , and Paolo Dudine
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2008
Keywords: spending and absorption, PRGF, fiscal deficit, current account, current account deficit, current account deficits, account deficits,
This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability i...