The macroeconomic management of foreign aid : opportunities and pitfalls / editors, Peter Isard ... [et al.].
Contributor(s): Isard, Peter | International Monetary Fund.Material type: TextPublisher: Washington, D.C. : International Monetary Fund, 2006Description: vi, 280 p. : ill. ; 23 cm.ISBN: 1589065204; 9781589065208.Subject(s): Economic assistance -- Congresses | Poverty -- Congresses | Fiscal policy -- Congresses | Foreign exchange rates -- CongressesDDC classification: 339.5 Online resources: WorldCat details
|Item type||Current location||Collection||Call number||Copy number||Status||Date due||Barcode||Item holds|
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"Papers prepared for the seminar, which was hosted in Maputo by the Government of Mozambique during March 2005"--Foreword, p. iii.
Includes bibliographical references.
Table of contents Foreign aid and macroeconomic management: overview and synopsis of key lessons / Peter Isard ... [et al.] --
Session I. Aid, growth, and poverty reduction: what should aid be trying to achieve? How good is the record? Aid and growth: the current debate and some new evidence / Steven Radelet, Michael Clemens, and Rikhil Bhavnani --
Aid, growth, and poverty / Aart Kraay --
Session II. Aid absorption: recognizing and avoiding macroeconomic hazards. Analytical overview of aid absorption: recognizing and avoiding macroeconomic hazards / David L. Bevan --
High aid inflows: the case of Ghana / Shekhar Aiyar ... [et al.] --
Absorptive capacity and achieving the MDGs: the case of Ethiopia / Mark Sundberg and Hans Lofgren --
Session III. Dutch disease: where do we stand? Exogenous inflows and real exchange rates: theoretical quirk or empirical reality? / Christopher Adam --
Session IV. Aid, volatility, and stabilization policy: does aid smooth absorption or exacerbate shocks? Reliability and countercyclicality. Volatility of development aid: unpleasant bean counting / Aleš Bulíř and A. Javier Hamann --
Session V. Aid, debt, and fiscal policy. Debt and new financing in low-income countries: looking back, thinking ahead / Christina Daseking and Bikas Joshi --
Session VI. Roles of aid, governance, and the political economy. Aid, governance, and the political economy: growth and institutions / Simon Johnson and Arvind Subramanian.
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.