{
  "title": "The Spending and Absorption of Aid in PRGF Supported Programs",
  "publication": "IMF Working Papers, October 1, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/the-spending-and-absorption-of-aid-in-prgf-supported-programs-22391",
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  "summary": "This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid.",
  "sections": [
    {
      "heading": "Overview and objectives",
      "content": "- Studies the spending and absorption of aid in PRGF-supported programs.\n- Verifies whether the use of aid is programmed to be smoothed over time.\n- Analyzes how considerations about macroeconomic stability influence the programmed use of aid."
    },
    {
      "heading": "Key findings",
      "content": "- PRGF-supported programs allow countries to use most or almost all increases in aid within a few years.\n- Some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold.\n- Programmed spending does not seem to depend on inflation.\n- The presence of a PRGF-supported program does not constrain the actual spending and absorption of aid."
    },
    {
      "heading": "Methodology and scope",
      "content": "- Empirical analysis of spending and absorption patterns in PRGF-supported programs (details and data link referenced on the source page).\n- Scope includes assessment of programmed versus actual outcomes and macroeconomic stability considerations."
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Balance of payments statistics, Current account deficits, Government debt management, Government finance statistics, Inflation\n- Keywords: deficit net, fiscal deficit, IMF program, net of aid, spending regression, WP\n\n---\n\n Content in this bundle\n\n- wp08237\n  - wp08237 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp08237 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-spending-and-absorption-of-aid-in-prgf-supported-programs-22391"
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    "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",
    "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.",
    "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.",
    "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: 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",
    "**_wp08237**"
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