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Michaela Schrader

On October 14-15, the IMF and the Tanzanian Parliament’s Committee on Finance and Economic Affairs sponsored a macroeconomic policy seminar—the first of its kind—for the country’s legislators. A workshop was held for representatives from civil society and the media the following day. Both events—which took place in Bagamoyo and drew some 30 parliamentarians and 20 representatives from local think tanks, nongovernmental organizations, and the press—focused on Tanzania’s widely heralded reforms under President Benjamin Mkapa to step up the pace of development and poverty reduction.

Aubrey Williams

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Boriana Yontcheva
This paper presents a dynamic game of strategic delegation between a principal and an agent. The principal can choose between two organizational designs: a traditional hierarchy where she retains authority over the choice of projects to be implemented or a delegation where she allows her agent to select the project. The key objectives of this model are to identify the long-run determinants of the principal’s choice and verify the impact of the authority allocation on the agent’s effort levels and on the principal’s payoffs. We apply the model to the relationships between institutional donors and nongovernmental organizations.
Gilles Nancy and Boriana Yontcheva
This paper studies the aid allocation of European nongovernmental organizations (NGOs). Once population is controlled for, poverty consistently appears as the main worldwide determinant of NGO aid allocation. NGOs do not respond to strategic considerations. Their funding source does not seem to exert a great influence on their aid allocation decision. We also find differences across regions. Militarization and the political nature of the regime of the recipient country affect aid allocation in the Middle East. Life expectancy influences aid allocation in countries in the Western Hemisphere and the Middle East.
Vittorio Masoni

A review of the role of private agencies and voluntary organizations in the development process and the Bank’s cooperation with NGOs

International Monetary Fund. External Relations Dept.

This paper presents a snapshot of changes in the world’s health and demographic conditions. The paper highlights that in most parts of the world, individuals are healthier and living longer, thanks to improved health services and living conditions and the more widespread use of immunization, antibiotics, and better contraceptives. Although this trend is likely to continue, hopes are fading in some regions where progress slowed or stopped in the 1990s, primarily as a result of the AIDS epidemic. Moreover, most regions of the developing world will not reach the Millennium Development Goals for health by 2015.

International Monetary Fund. External Relations Dept.

Nongovernmental organizations (NGOs) have acquired an impressive status in the past several years, both as powerful agents for reform and as tireless gadflies of officialdom. Have they, on balance, been a positive force for expanding global democracy or a threat to the established process of political representation? What should be their relationship to international financial institutions, such as the IMF?

International Monetary Fund. External Relations Dept.

The IMF has been battling perceptions that it is holding back critical health spending— including on HIV/AIDS—in countries with IMF-supported adjustment programs. To increase awareness about its approach, the IMF’s Fiscal Affairs Department invited donors, international agencies, and nongovernmental organizations (NGOs) to discuss the issue on January 19.

Caroline Mascarell

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Mr. Wayne W. Camard

IMF Managing Director Rodrigo de Rato visited Chad on May 19-20, combining policy discussions with the authorities with a firsthand view of one of the refugee camps that Chad is supporting with help from the international community.