Author :
Publisher :
Page : 26 pages
File Size : 32,40 MB
Release : 2006
Category :
ISBN :
[PDF] Dealing With The Macroeconomic Impacts Of Scaling Up Aid eBook
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Macroeconomic Challenges of Scaling Up Aid to Africa
Yongzheng Yang
Author : Yongzheng Yang
Publisher : International Monetary Fund
Page : 84 pages
File Size : 19,14 MB
Release : 2006-03-20
Category : Business & Economics
ISBN : 9781589065055
Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.
The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios
Jan Gottschalk
Author : Jan Gottschalk
Publisher : International Monetary Fund
Page : 47 pages
File Size : 41,86 MB
Release : 2010-07-01
Category : Business & Economics
ISBN : 145520143X
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing (LBD) externality that captures Dutch disease effects. On the policy front, it distinguishes between spending the aid, which is controlled by the fiscal authority, and absorbing the aid - financing a higher current account deficit - which is influenced by the central bank's reserve accumulation policies. We calibrate the model to Uganda and run several experiments. We find that a policy mix that results in full spending and absorption of aid can generate temporary demand and real exchange rate appreciation pressures, but also have a positive effect on real GDP in the medium term, through higher public capital. Full spending with partial absorption, on the other hand, may stem appreciation pressures but can also induce adverse medium-term real GDP effects, through private sector crowding out. When aid is very inefficiently invested and there are strong LBD externalities, aid can be harmful, and partial absorption policies may be justified. But in this case, a welfare improving solution is to defer spending or - even better if possible - raise its efficiency.
The Macroeconomics of Scaling-up Aid
International Working Group of Sovereign Wealth Funds
Author : International Working Group of Sovereign Wealth Funds
Publisher : International Monetary Fund
Page : 40 pages
File Size : 12,67 MB
Release : 2008-09-19
Category : Business & Economics
ISBN : 1498334113
In September 2007, the UN Secretary General launched the Millennium Development Goals (MDG) Africa Steering and Working Groups. The Steering Group brings together the leaders of multilateral institutions to identify practical steps needed for Africa to achieve the MDGs. The Managing Director of the IMF is a member of the Steering Group. The Working Group supports the Steering Group and is comprised of thematic groups in education, agriculture, health, infrastructure and trade facilitation, statistics, aid predictability, and MDG operationalization at the country level. The following three notes assess the macroeconomic implications of the spending of scaled-up aid to Benin, Niger, and Togo in line with that promised by the G-8 at Gleneagles, Scotland in 2005.
The Macroeconomic Challenges of Scaling Up Aid to Africa
Yongzheng Yang
Author : Yongzheng Yang
Publisher : International Monetary Fund
Page : 80 pages
File Size : 39,3 MB
Release : 2006
Category : Business & Economics
ISBN : 1451949677
Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. the handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.
The Macroeconomics of Scaling Up Aid
Issouf Samaké
Author : Issouf Samaké
Publisher : International Monetary Fund
Page : 34 pages
File Size : 33,56 MB
Release : 2009-05
Category : Business & Economics
ISBN :
The financial market turmoil of recent months has highlighted the importance of counterparty risk. Here, we discuss counterparty risk that may stem from the OTC derivatives markets and attempt to assess the scope of potential cascade effects. This risk is measured by losses to the financial system that may result via the OTC derivative contracts from the default of one or more banks or primary broker-dealers. We then stress the importance of "netting" within the OTC derivative contracts. Our methodology shows that, even using data from before the worsening of the crisis in late Summer 2008, the potential cascade effects could be very substantial. We summarize our results in the context of the stability of the banking system and provide some policy measures that could be usefully considered by the regulators in their discussions of current issues.
Aid and Macroeconomic Performance
Howard White
Author : Howard White
Publisher : Palgrave Macmillan
Page : 298 pages
File Size : 50,78 MB
Release : 1998
Category : Business & Economics
ISBN : 9780312212643
The growth models of the 1960s ascribed a central role to aid in the development process. Thirty years later donors and the public alike are disillusioned. Many academics even argue that aid has been harmful. The first half of this book is a rigorous, systematic and up to date review of the theoretical and empirical debates about aid's macroeconomic impact. It is argued that a proper understanding of the various channels through which aid affects the macroeconomy requires careful analysis of the links between aid, the policy environment and economic performance at the country level. The second part of the book comprises four country case studies: Guinea-Bissau, Nicaragua, Tanzania and Zambia. The authors examine the impact aid has on a range of key macroeconomic aggregates -- savings, investment, imports, exports and the government budget -- and show aid has a significant impact on both the level and composition of most of these variables, enabling aid to make a positive contribution to these countries' development.
The Macroeconomic Management of Foreign Aid
Tony Addison
Author : Tony Addison
Publisher :
Page : pages
File Size : 12,9 MB
Release : 2014
Category :
ISBN :
To meet development objectives, aid recipients and their donor partners need to effectively manage the macroeconomic effects of aid. Aid can improve the economy's supply-side and raise growth. But if the macroeconomic impact of aid is not managed well it can distort and sometimes undermine growth. In December 2011, AERC and UNU-WIDER held a conference under the ReCom programme on the 'Macroeconomic Management of Aid', which aimed to clarify aid's macroeconomic effects. This knowledge will contribute to improving aid's growth impact and help with the scaling up of aid itself.Aid has potentially large effects on the structure of the recipient's economy and international competitiveness. These in turn greatly influence aid's effectiveness in achieving economic growth, employment creation, and poverty reduction. At the same time, the bigger macroeconomic picture for many aid-recipient countries is changing, the result of better export earnings, resource revenues, and more inward investment. Some are becoming less aid-dependent, and resource revenues now constitute a much bigger source of foreign exchange than foreign aid in some countries. All of these inflows need careful macroeconomic management to maximize their development effectiveness.
The Macroeconomic Management of Foreign Aid
Mr.Peter Isard
Author : Mr.Peter Isard
Publisher : International Monetary Fund
Page : 292 pages
File Size : 34,12 MB
Release : 2006-04-21
Category : Business & Economics
ISBN :
Since the adoption of the Milennium Development Goals (MDGs) in 2000, the challenge of reducing poverty around the world has been more prominent on the agenda of the international community. Relatively slow progress toward meeting the MDGs by the 2015 target date has added to the urgency of this effort. Two influential reports - The United Nations Millennium Project Report (the "Sachs Report") and the Commission for Africa Report (the "Blair Report") envisage substantial increases in aid flows to poor countries, especially to countries in sub-Saharan Africa. The International community sees increases in aid, along with improvements in recipient policies and freer global trade, as necessary for global prosperity and poverty reduction.
Learning from SARS
Institute of Medicine
Author : Institute of Medicine
Publisher : National Academies Press
Page : 376 pages
File Size : 18,18 MB
Release : 2004-04-26
Category : Medical
ISBN : 0309182158
The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.