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Africa > Uganda

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Cover Policy Papers
The Macroeconomics of Managing Increased Aid Inflows - Experiences of Low-Income Countries and Policy Implications
International Monetary Fund
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that experienced a recent surge in aid inflows: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. Each country’s policies were supported by a PRGF arrangement during most of the period under review.
Keywords:
PP; monetary policy; government spending; current account; treasury bill; aggregate demand; nominal exchange rate; aid inflow; terms of trade; exchange rate appreciation; Real exchange rates; Inflation; Government debt management; Africa