Fiscal Management of Scaled-Up Aid
Kevin Fletcher, Isabell Adenauer, Sanjeev Gupta, Duncan Last, Richard Allen, Gerd Schwartz, Shamsuddin Tareq
International Monetary Fund, Apr 22, 2008 - Business & Economics - 29 pages
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accounting action plan Africa aid flows aid inflows aid shortfalls aid volatility allocation analysis Assessment budget classification budget execution budgetary Burkina Faso coefficient coordination correlated CPIA debt sustainability Development Assistance Committee disbursements domestic revenue economic education spending effective ensure example expenditure path financing fiscal balance fiscal institutions fiscal targets Ghana Gupta health and education health spending higher HIPC-AAP IMF staff estimates IMF-supported programs IMF’s implementation improved increase indicators International Monetary Fund low-income countries macroeconomic macroeconomic stability Malawi MDGs medium-term fiscal Millennium Development Goals ministry Mozambique MTBF MTEF MTFF overall PEFA percent of GDP PFM reforms PFM systems Postconflict countries Poverty Reduction priorities projections PRSP Public Expenditure public financial management public spending purchasing power parity recipient countries reduce resource envelope Rwanda scaled-up aid sector spending efficiency spending path strengthening Tanzania technical assistance Uganda volatility of aid wage bill ceilings weak World Bank