Seminar Volumes

The Macroeconomic Management of Foreign Aid: Opportunities and Pitfalls

Author/Editor:

Boriana Yontcheva ; Peter Isard ; Leslie Lipschitz ; Alex Mourmouras

Publication Date:

April 21, 2006

Electronic Access:

Link to Abstract

Summary:

Relatively slow progress toward meeting the Millennium Development Goals (MDGs) by their 2015 target date has added urgency to the challenge of reducing global poverty. The authors of this new book--who include scholars from the IMF, World Bank, Oxford University, and the Center for Global Development--argue that the MDGs cannot be achieved without a substantial scaling up of foreign aid. They show how such increased aid flows must be managed effectively to ensure the greatest benefit. And they offer analysis and insight on a variety of macroeconomic policy implications that both donors and recipients should consider.

Series:

Seminar Volumes

Subject:

Aid flows Expenditure Foreign aid Foreign exchange Poverty Poverty reduction Real exchange rates