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Macroeconomic Challenges Of Scaling Up Aid To Africa

Author : Yongzheng Yang
ISBN : 9781452730165
Genre : Business & Economics
File Size : 38.14 MB
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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.
Category: Business & Economics

Aid Scaling Up Do Wage Bill Ceilings Stand In The Way Epub

Author : Ms. Annalisa Fedelino
ISBN : 9781452779409
Genre : Business & Economics
File Size : 78.34 MB
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This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are often part of government programs supported by the IMF's Poverty Reduction and Growth Facility (PRGF). Based on country case studies for 2003-05, the paper suggests that, in the past, wage bill ceilings have not restricted the use of available donor funds. Yet the paper offers a number of suggestions for further enhancing the flexibility of wage bill conditionality in PRGF-supported programs to respond to higher aid flows that may result in the future.
Category: Business & Economics

Fiscal Management Of Scaled Up Aid

Author : Kevin Fletcher
ISBN : 9781451949551
Genre : Business & Economics
File Size : 53.88 MB
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The international community has committed to scaling up aid and improving aid delivery to low-income countries to help them meet the Millennium Development Goals. Other "emerging" donors, public and private, are increasing their assistance, and debt-relief initiatives are creating space for new borrowing. Remittances to low-income countries have been on a precipitous rise, and many countries are benefiting from high commodity prices. Fiscal Management of Scaled-Up Aid explores approaches to the sound fiscal management that will be required to ensure effective and sustainable use of these flows. With a medium-term perspective and efficient use of resources in mind, this paper addresses questions that shape fiscal policy response to scaled-up aid. Drawing on IMF Fiscal Affairs Department technical assistance to member countries, it outlines factors that should be taken into account in preparing an action plan for public financial management reform and proposes specific measures that will assist countries in strengthening fiscal institutions.
Category: Business & Economics

Screw Work Let S Play

Author : John Williams
ISBN : 9780273748854
Genre : Self-Help
File Size : 31.65 MB
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"Do you have a sane work-play balance? Had enough of your job and want to change your life? Here’s how to do it" The Times Stuck in a job that’s boring you to tears? Slogging away at a business that’s never quite taken off? Still can’t decide what you’d rather do? Well, it’s time to change all that. We’ve reached a remarkable point in the history of work. With the right guidance, it’s now possible for anyone to make a living from doing the things they love. Written by a career maverick who escaped corporate life, Screw Work Let’s Play is your blueprint to create a work-life full of fun, freedom and creativity; something more like play than work. Packed full of stories from people who turned their passion into their living – or even a million pound business – you’ll discover 10 secrets to transform your working life, starting today. Discover life-changing ideas and practical plans including: · How to win your first playcheque – without quitting your current job · How to beat the doubts and internal blocks that hold you back · How you can play and get rich – even in a recession Whether you want to start a business, create an ideal job, write a book, or change the world, there’s no need to suffer unfulfilling work any more. Ready to play? Unlock exclusive extras at Join the Play Revolution
Category: Self-Help

Selected Decisions And Selected Documents Of The International Monetary Fund Epub

Author : International Monetary Fund
ISBN : 9781452734583
Genre : Business & Economics
File Size : 32.62 MB
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Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and Board of Governers of the IMF, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents pertaining to the relations between the Fund and other international organizations.
Category: Business & Economics

Creating Sustainable Fiscal Space For Infrastructure The Case Of Tanzania Epub

Author : Mrs. Teresa Ter-Minassian
ISBN : 9781452751092
Genre : Business & Economics
File Size : 79.91 MB
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A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules, budgetary reforms, tax policy and administration measures, public-private partnerships and other innovative financial instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship between infrastructure, public investment, and economic growth, and then goes on to consider the case for additional infrastructure investment in Tanzania. The second part of the paper looks at five broad options for mobilizing additional resources to meet Tanzania's infrastructure needs: (i) direct private investment and PPPs, (ii) expenditure reprioritization and efficiency, (iii) domestic revenue mobilization, (iv) external grants and concessional financing, and (v) sovereign borrowing on domestic or international credit markets. The paper concludes with some general recommendations on what combination of the above approaches might be suitable for Tanzania.
Category: Business & Economics

Pity The Finance Minister Issues In Managing A Substantial Scaling Up Of Aid Flows Epub

Author : Mr. Peter S. Heller
ISBN : 9781452740072
Genre : Business & Economics
File Size : 61.2 MB
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Substantially scaling up of aid flows will require development partners to address many issues, including the impact of higher aid flows on: the competitiveness of aid recipients; the management of fiscal and monetary policy; the delivery of public services; behavioral incentives; and the rate of growth of the economy. Other issues will include the appropriate sequencing of aid-financed investments; balancing alternative expenditure priorities; the implications for fiscal and budget sustainability; and exit strategies from donor funding. Donors will need to ensure greater long-term predictability and reduced short-term volatility of aid. The international financial institutions can play a critical role in helping countries address these scaling-up issues.
Category: Business & Economics

A Global Perspective On External Positions Epub

Author : Mr. Gian-Maria Milesi-Ferretti
ISBN : 9781452799605
Genre : Business & Economics
File Size : 34.25 MB
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This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the weight of U.S. liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical evidence to the current debate about the roles of portfolio balance effects and exchange rate adjustment in shaping the external adjustment process.
Category: Business & Economics

Zambia Poverty Reduction Strategy Paper Joint Staff Advisory Note Epub

Author : International Monetary Fund
ISBN : 9781452723693
Genre :
File Size : 80.59 MB
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The Joint Staff Advisory Note discusses the progress in implementing the Poverty Reduction Strategy Paper (PRSP) for Zambia. The government has officially launched its second PRSP, known as the Fifth National Development Plan (FNDP) for 2006–10. The FNDP builds on the achievements of the first PRSP, for example, strong improvements in macroeconomic performance and progress in public expenditure management. FNDP has strengthened its focus on key issues, emphasizes achieving tangible results, and includes appropriate monitoring and evaluation arrangements.

Health Aid And Infant Mortality Epub

Author : David Locke Newhouse
ISBN : 9781452728933
Genre : Business & Economics
File Size : 43.38 MB
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This paper examines the relationship between health aid and infant mortality, using data from 118 countries between 1973 and 2004. Health aid has a statistically significant effect on infant mortality: doubling per capita health aid is associated with a 2 percent reduction in the infant mortality rate. For the average country, this implies that increasing per capita health aid by US$1.60 per year is associated with 1.5 fewer infant deaths per thousand births. The estimated effect is small, relative to the targets envisioned by the Millennium Development Goals.
Category: Business & Economics