The Macroeconomic Challenges of Scaling Up Aid to Africa

Author/Editor:

Yongzheng Yang ; Robert Powell ; Sanjeev Gupta

Publication Date:

September 1, 2005

Electronic Access:

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Disclaimer: This Working 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 surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are most likely to be developed in the context of a country's efforts to achieve the Millennium Development Goals (MDGs) with the support of the international donor community. The paper stresses that when preparing a scaling-up scenario it is critical to have a detailed understanding of the likely use of additional aid flows.

Series:

Working Paper No. 2005/179

Subject:

Aid flows Exchange rates Expenditure Foreign aid Foreign exchange Real exchange rates

English

Publication Date:

September 1, 2005

ISBN/ISSN:

9781451861983/1018-5941

Stock No:

WPIEA2005179

Pages:

63

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