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Africa > Uganda

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Foreign Exchange x
  • Welfare, Well-Being, and Poverty: General x
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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 IMF Working Papers
The Macroeconomic Challenges of Scaling Up Aid to Africa
Yongzheng Yang
,
Mr. Robert Powell
, and
Mr. Sanjeev Gupta
This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are most likely to be developed in the context of a country's efforts to achieve the Millennium Development Goals (MDGs) with the support of the international donor community. The paper stresses that when preparing a scaling-up scenario it is critical to have a detailed understanding of the likely use of additional aid flows.
Keywords:
WP; diminishing returns; crowding in; debt service; private sector; public spending; Aid; Exchange Rate; Monetary Policy; Fiscal Policy; Governance; nominal exchange rate; production function; exchange rate appreciation; revenue ratio; monetary management; Real exchange rates; Aid flows; Exchange rates; Africa
Cover IMF Working Papers
Local Financial Development and the Aid-Growth Relationship
Ms. Mwanza Nkusu
and
Selin Sayek
With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear relationship. In this paper, we investigate a new hypothesis regarding this relationship: that deeper financial markets in aid-recipient countries facilitate the management of aid flows, thereby enhancing aid effectiveness. An empirical analysis, using a panel data set, finds robust support for the hypothesis.
Keywords:
WP; financial market; financial market depth; interaction term; Foreign aid; economic growth; poverty; financial development; depth indicator; financial market development; depth measure; Aid flows; Financial sector development; Real exchange rates; Development assistance; Sub-Saharan Africa
Cover IMF Working Papers
Financing Uganda'S Poverty Reduction Strategy: Is Aid Causing More Pain Than Gain?
Ms. Mwanza Nkusu
Uganda's market-friendly development strategy and poverty reduction agenda have attracted large financial inflows, including aid. During 2000-02, concerns about a possible aid-induced Dutch disease were heightened by widening macroeconomic imbalances and an upward trend in the real effective exchange rate (REER). This paper shows that the REER remained broadly stable during a 10-year period and nontraditional exports increased remarkably, contrary to the predictions of the Dutch disease model. Also, economic growth was strong. This good performance is attributed to sound macroeconomic policies and important structural reforms, which have allowed an increased use of available production factors.
Keywords:
WP; right; Uganda; ODA; terms of trade; REER; Foreign aid; exchange rates; economic growth; and poverty; ODA flow; terms of trade shock; Uganda shilling; savings-investment balance; ODA inflow; Real effective exchange rates; Exports; Dutch disease; Real exchange rates; Poverty reduction strategy
Cover IMF Policy Discussion Papers
Challenges in Expanding Development Assistance
Mr. Peter S. Heller
and
Mr. Sanjeev Gupta
This paper highlights the macro and microeconomic challenges associated with success of the effort to mobilize 0.7 percent of GNP for official development assistance (ODA). To promote achievement of the Millennium Development Goals, enhanced ODA must be as productive as possible. In weighing the distribution of enhanced ODA among countries, the paper emphasizes the need to limit potentially adverse “real transfer effects.” It recommends a multi-pronged approach to ODA that includes, inter alia, in addition to direct bilateral transfers, enhanced use of trust funds and the financing of global public goods.
Keywords:
PDP; recipient country; country partnership; donor country; low income; transition country; ODA; poverty; absorptive capacity; international public goods; country market; distributional criterion; public goods; commitments of the European Union; countries of the world; Personal income; Real exchange rates; Extra-budgetary funds; Global