The Spending and Absorption of Aid in PRGF Supported Programs
IMF Working Papers, October 1, 2008
Source details
- Canonical URL
- The Spending and Absorption of Aid in PRGF Supported Programs
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Bibliographic details
- Authors: Jan Kees Martijn, Markus Berndt, Abu Shonchoy, Paolo Dudine
- Published: October 1, 2008
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451870954.001
Overview and objectives
- Studies the spending and absorption of aid in PRGF-supported programs.
- Verifies whether the use of aid is programmed to be smoothed over time.
- Analyzes how considerations about macroeconomic stability influence the programmed use of aid.
Key findings
- PRGF-supported programs allow countries to use most or almost all increases in aid within a few years.
- Some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold.
- Programmed spending does not seem to depend on inflation.
- The presence of a PRGF-supported program does not constrain the actual spending and absorption of aid.
Methodology and scope
- Empirical analysis of spending and absorption patterns in PRGF-supported programs (details and data link referenced on the source page).
- Scope includes assessment of programmed versus actual outcomes and macroeconomic stability considerations.
Subject classification and keywords
- Subject: Balance of payments statistics, Current account deficits, Government debt management, Government finance statistics, Inflation
- Keywords: deficit net, fiscal deficit, IMF program, net of aid, spending regression, WP