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Fiscal Management of Scaled-Up Aid

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

DOI: http://dx.doi.org/10.5089/9781589067035.058

ISBN: 9781589067035

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

The international community has committed to scaling up aid and improving aid delivery to low-income countries to help them meet the Millennium Development Goals. Other "emerging" donors, public and private, are in...

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

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

DOI: http://dx.doi.org/10.5089/9781589063174.058

ISBN: 9781589063174

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

How can a country turn oil revenues into a blessing rather than a curse? With growing international interest in new offshore oil deposits in sub-Saharan Africa, there is also greater scrutiny of the reasons why man...

Managing Oil Wealth
			: The Case of Azerbaijan

Managing Oil Wealth : The Case of Azerbaijan »

Series: IMF Special Issues

Author(s): Niko Hobdari , Chonira Aturupane , Eric Le Borgne , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

Language: Russian

DOI: http://dx.doi.org/10.5089/9781589063570.058

ISBN: 9781589063570

Keywords: Oil revenues, expenditure, expenditures, oil and gas, natural resource, oil sector, fiscal policy, oil revenues, oil prices, natural resources

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expec...

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 1. Introduction

CHAPTER 1. Introduction »

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 international community has committed to scaling up aid and improving aid delivery to low-income countries to help them meet the Millennium Development Goals (MDGs). The March 2002 Monterrey Consensus ca...

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 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 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 5. Strengthening Institutions to Promote Effective Utilization of Aid

CHAPTER 5. Strengthening Institutions to Promote Effective Utilization of 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

Ensuring efficient public expenditure calls for strengthening fiscal institutions, including PFM systems. 20 Sound and effective PFM systems are important for several reasons: (1)...