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Asia and Pacific > India

You are looking at 1 - 10 of 15 items for :

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  • Foreign aid x
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Cover Policy Papers
Financing For Development - Revisiting the Monterrey Consensus
International Monetary Fund
2015 is set to be a pivotal year for the international development agenda, with agreements to be reached on the objectives and policies for promoting development that is economically, socially, and environmentally sustainable through 2030. The first stage in completing the debate on these issues is the Third UN Conference on Financing for Development (FfD), to be held in Addis Ababa during July 13–16, 2015, which aims to build an international consensus on the actions needed to ensure that sufficient financing is available for developing countries in pursuing sustainable development.
Keywords:
PP; country; PRGT; PRGT-eligible country; PRGT access; support; increase access; IMF's policy position; policy advice; financial market; Development assistance; Financial sector development; Global
Cover IMF Working Papers
BRICs’ Philosophies for Development Financing and their Implications for LICs
Yongzheng Yang
and
Miss Nkunde Mwase
Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality. This paper provides an overview of the philosophies and modalities of BRIC financing and examines their implications for LIC economies and future LIC-BRIC engagement.
Keywords:
WP; BRIC financing; financing; BRIC; SSA LICs; firm; Aid; BRICs; Brazil; China; Russia; Institutions; Debt; LICs; Bric financing of infrastructure; LIC government; BRIC firm; BRIC assistance; BRIC export credits; financing flow; BRIC engagement; Development assistance; Infrastructure; Debt sustainability; Poverty reduction; Public investment and public-private partnerships (PPP); Africa
Cover Policy Papers
New Growth Drivers for Low-Income Countries - The Role of the BRICs
International Monetary Fund
The emergence of BRICs—Brazil, Russia, India, and China—is reshaping low-income countries’ (LICs) international economic relations. While industrial countries remain LICs’ dominant development partners, LIC-BRIC ties have increased so rapidly over the past decade that BRICs have become new growth drivers for LICs. Trade with BRICs is already close to half of the value of combined trade with the European Union and the United States, and larger than with other emerging market economies. BRIC FDI and development financing are making a significant impact in some key areas despite their relatively small volumes compared with those from advanced countries. Beyond the increased flows of goods and capital, BRICs have brought new dynamics in LICs’ economic relations with the rest of the world, complementing as well as competing with OECD partners. Nevertheless, while potential benefits from the LIC-BRIC ties are enormous, there are challenges and risks in realizing such benefits.
Keywords:
PP; LIC export; terms of trade; development financing; LIC economy; LIC growth; LIC policymaker; LIC-BRIC trade; natural resource; trade flow; BRIC financing; LIC consumer; LIC imports; economic growth; Foreign direct investment; Exports; Development assistance; Natural resources; Infrastructure; Global; Africa; Sub-Saharan Africa; Asia and Pacific
Cover IMF Working Papers
Determinants of Development Financing Flows From Brazil, Russia, India, and China to Low-Income Countries
Miss Nkunde Mwase
BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and single equation dynamic panel estimation.We find that BRICs lend more to LICs with weaker institutions. Land-locked, resource-scarce LICs receive significantly less financing than other resource-rich LICs. The degree of concessionality is negatively correlated with the amount of loans and positively correlated with better institutional indicators suggesting that the higher the risks, the higher the required returns that BRICs expect.
Keywords:
WP; BRIC financing; financing; Aid; BRICs; Low-Income Countries; Panel VAR; Panel OLS; Concessionality; BRIC loan financing; loan commitment; OECD ODA commitment data; BRIC development financing data; development financing data; Loans; Development assistance; Concessional external borrowing; Personal income; Exports; Middle East and Central Asia; Asia and Pacific; Africa; Pacific Islands; Caribbean
Cover IMF Working Papers
How do International Financial Flows to Developing Countries Respond to Natural Disasters?
Mr. Antonio David
This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that remittance inflows increase significantly in response to shocks to both climatic and geological disasters. The models suggest a nuanced role for foreign aid. While the responses of aid flows to natural disaster shocks in general tend not to be statistically significant, international assistance to low income countries increases following geological disaster shocks. Furthermore, the results show that typically, other private capital flows (bank lending and equity) do not attenuate the effects of disasters and in some specifications, even amplify the negative economic effects of these events. The conclusions of the paper have implications for capital/financial account management policies. In particular, countries should take their vulnerability to natural disasters into account when considering the costs and benefits of the liberalization of private capital flows.
Keywords:
WP; capital flow; real interest rate; exchange rate
Cover IMF Survey
Bulletin du FMI vol. 35, n° 20, novembre 2006
International Monetary Fund. External Relations Dept.
En mettant l’accent sur le travail du FMI et sur les grandes questions macroéconomiques et financières internationales, le Bulletin du FMI présente une analyse des développements nationaux, régionaux et mondiaux, des informations sur le travail, les politiques, les réformes et les activités d'assistance technique du FMI, les conclusions d'études de calibre mondial, des données essentielles qui ne sont souvent pas disponibles ailleurs, ainsi que des rapports sur les discussions économiques et financières au sein du FMI et ailleurs. Publié douze fois par an, ce bulletin de seize pages s'adresse à un large public : dirigeants, analystes, chercheurs, étudiants et journalistes. Disponible en anglais, français et espagnol.
Keywords:
SV; Rodrigo de Rato; Agustín Carstens; economy; Kyrgyz authorities
Cover IMF Survey
Boletín del FMI Vol.35, No.20 noviembre 2006
International Monetary Fund. External Relations Dept.
El Boletín del FMI aborda de manera específica el trabajo del FMI y los grandes temas macroeconómicos y financieros internacionales y ofrece análisis sobre la evolución en los distintos países y regiones y en el mundo; información sobre las operaciones, políticas, reformas y asistencia técnica del FMI; síntesis de las principales investigaciones económicas mundiales; datos fundamentales que no suelen estar disponibles en otras fuentes, e informes sobre debates económicos y financieros que tienen lugar dentro y fuera del FMI. Este boletín de 16 páginas, publicado 12 veces al año, está orientado a una vasta audiencia, que incluye autoridades de política económica, analistas, profesionales del mundo académico y de los medios de difusión y estudiantes. Disponible en inglés, español y francés.
Keywords:
SV; Rodrigo de Rato; Agustín Carstens; economy; Kyrgyz authorities
Cover IMF Survey
IMF Survey, Volume 35, Issue 20
International Monetary Fund. External Relations Dept.
Murilo Portugal, Agustin Carstens, Kyrgyz Republic, HIPC, central Asia, Indonesian debt, Saudi Arabian economy, Peter Kenen, European Central Bank, ECB, Danish economy, flexicurity,Burundi's economy, aid volatility, Indian and China, Doing Business.
Keywords:
SV; Rodrigo de Rato; Agustín Carstens; economy; Kyrgyz authorities; IMF quota; papers IMF; IMF executive director; management team; Labor markets; Unemployment; Dutch disease; Financial sector stability; Europe; Global; Africa; Central Asia; Asia and Pacific
Cover The Macroeconomic Management of Foreign Aid
The Macroeconomic Management of Foreign Aid
Opportunities and Pitfalls
Boriana Yontcheva
,
Mr. Peter Isard
,
Mr. Leslie Lipschitz
, and
Mr. Alex Mourmouras

Abstract

Relatively slow progress toward meeting the Millennium Development Goals (MDGs) by their 2015 target date has added urgency to the challenge of reducing global poverty. The authors of this new book--who include scholars from the IMF, World Bank, Oxford University, and the Center for Global Development--argue that the MDGs cannot be achieved without a substantial scaling up of foreign aid. They show how such increased aid flows must be managed effectively to ensure the greatest benefit. And they offer analysis and insight on a variety of macroeconomic policy implications that both donors and recipients should consider.

Keywords:
SEM; GDP; country; early-impact aid; recipient country policy; poverty reduction; natural resource; international community; Real exchange rates; Poverty reduction; Aid flows; Africa; Sub-Saharan Africa; Global; East Asia; Eastern Europe; GDP shock; Caribbean
Cover Finance & Development
Finance & Development, September 2005
International Monetary Fund. External Relations Dept.
This paper explores why increased aid flows require economic policymakers to confront some specific issues. Ensuring that increased aid promotes growth and reduces poverty is certainly the most important task. Empirical studies offer only mild support for aid-boosting growth. However, one study suggests that once one excludes the aid flows aimed at political and humanitarian goals, a positive net effect is observed for the remaining aid focused on economic objectives. This paper also outlines the roles to be played by development partners for making the aid being properly utilized for boosting growth.
Keywords:
FD; F&D; country; donor; recipient country; growth; managed floating exchange rate arrangement; basket of currencies; aid puzzle; transparency reform scorecard; Aid flows; Trade liberalization; Poverty reduction strategy; Budget planning and preparation; Africa; Global; Sub-Saharan Africa; Asia and Pacific; Western Europe