Challenges in Expanding Development Assistance
March 1, 2002
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Order a Print CopyDisclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary
This paper highlights the macro and microeconomic challenges associated with success of the effort to mobilize 0.7 percent of GNP for official development assistance (ODA). To promote achievement of the Millennium Development Goals, enhanced ODA must be as productive as possible. In weighing the distribution of enhanced ODA among countries, the paper emphasizes the need to limit potentially adverse “real transfer effects.” It recommends a multi-pronged approach to ODA that includes, inter alia, in addition to direct bilateral transfers, enhanced use of trust funds and the financing of global public goods.
Subject: Absorptive capacity, Balance of payments, Extra-budgetary funds, Foreign exchange, National accounts, Personal income, Poverty, Public financial management (PFM), Real exchange rates
Keywords: absorptive capacity, commitments of the European Union, countries of the world, country market, country partnership, distributional criterion, donor country, Extra-budgetary funds, Global, international public goods, low income, ODA, PDP, Personal income, poverty, public goods, Real exchange rates, recipient country, transition country
Pages:
46
Volume:
2002
DOI:
Issue:
005
Series:
Policy Discussion Paper No. 2002/005
Stock No:
PPIEA0052002
ISBN:
9781451972788
ISSN:
1564-5193
