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The Macroeconomic Challenges of Scaling Up Aid to Africa
Author:
Yongzheng Yang null

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,
Mr. Robert Powell
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Mr. Sanjeev Gupta
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 179
Language:
English
Publication Date:
01 Sep 2005
DOI:
https://doi.org/10.5089/9781451861983.001
ISBN:
9781451861983
ISSN:
1018-5941
Pages:
63
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
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund