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Finance & Development September 1, 2005 Peter S. Heller |
Making AID Work An unlikely alliance of rock stars, politicians, and grassroots activists has put the issue of combating poverty at the forefront of global policymaking. Scaling up aid flows is just the start of a complex set of decisions and tough choices. |
Finance & Development September 1, 2005 Berg & Qureshi |
The MDGs: Building Momentum A big push on aid is not the sole answer. International development policy needs to move beyond aid and aim for actions that, together with stronger reforms in developing countries, cohere into a broader big push. |
Finance & Development December 1, 2006 Bio-Tchane & Christensen |
Right Time for Africa Africa needs to build on its recent success to catch up. A forward-looking reform agenda should aim to maintain macroeconomic stability, improve the business climate, promote trade, and, most important, strengthen fiscal institutions. |
Finance & Development September 1, 2005 Jean-Baptiste Compaore |
Burkina Faso: Greater Capacity In Burkina Faso, only about 70% of aid committed by donors is effectively disbursed. Improving absorption capacity is crucial if a scaling up of aid is to be effective in growing its economy. |
Finance & Development June 1, 2005 Peter Heller |
Back to Basics -- Fiscal Space: What It Is and How to Get It Although the term is new, the concept is not. It has long been an element of sound fiscal analysis. And the challenge of creating fiscal space is one that has always confronted governments and their advisors, including international financial institutions like the IMF. |
Finance & Development September 1, 2005 Aiyar et al. |
The Macroeconomic Challenge of More Aid Here is an analysis of five African countries that received big increases in aid. Their experiences offer useful lessons on an international level in scaling up aid to well-performing poor countries. |
Finance & Development September 2008 Masood Ahmed |
The Next Frontier Low-income countries gain ground in a globalized world, but they still face major challenges. |
Finance & Development September 2008 Gupta & Tareq |
Mobilizing Revenue Strengthening domestic revenue bases is key to creating fiscal space for Africa's developmental needs |
Finance & Development September 1, 2000 Robert A. Feldman & C. Maxwell Watson |
Central Europe: From Transition to EU Membership The Central European countries have made considerable progress with the transition to a market economy and now face the challenge of developing macroeconomic policy frameworks on the road to EU accession. |
Finance & Development September 1, 2005 Basil P. Mramba |
Tanzania: 'Smart' Partnerships A clear national development vision upon which donor support can be anchored is critical for ensuring that aid is well used. |
Finance & Development December 1, 2006 Schieber et al. |
Getting Real on Health Financing Unless the efficiency of the global aid architecture is improved and countries enhance their ability to put aid to good use, the massive investment in health that is currently taking place will not deliver the improvement in the health of the poor that everybody is striving for. |
Finance & Development September 1, 2000 Emine Gurgen |
Central Asia: Achievements and Prospects Although the five Central Asian countries in transition have made progress in moving to a market economy, they still have far to go and need to intensify their reform efforts. |
Finance & Development June 1, 2002 Peter S. Heller & Sanjeev Gupta |
Challenges in Expanding Aid Flows The international community is calling for an increase in foreign development aid to 0.7 percent of industrial country GNP from 0.24 percent of GNP at present. But a large increase in aid flows could pose a number of challenges for the poorest countries. |
Finance & Development March 1, 2000 Jose Angel Gurria |
Mexico: Recent Developments, Structural Reforms, and Future Challenges In recent years, the Mexican government has implemented a series of economic reforms to strengthen the country's fundamentals and increase its ability to cope with external shocks. Because of the progress that has been made, the government is confident that Mexico will be able to leave recent crises behind and start the new millennium with a stable and growing economy. |
Finance & Development September 2010 |
Half Empty or Half Full Does aid work? The net impact of aid surges depends on country-specific factors. |
Finance & Development December 1, 2001 Evangelos A. Calamitsis |
The Need for Stronger Domestic Policies and International Support Globalization is a powerful engine of world prosperity, and it is certainly here to stay. Income disparities remain large. The basic issue is what policies and reforms are most likely to bring about sustainable economic growth for the benefit of all the peoples of the world. |
Finance & Development December 1, 2002 Bulir & Lane |
Managing the Fiscal Impact of Aid Poor countries must find better ways to manage spending in the face of volatile and unpredictable aid flows. |
Finance & Development June 1, 2002 Sanjeev Gupta |
Is the PRGF Living Up to Expectations? When the IMF launched the Poverty Reduction and Growth Facility (PRGF) in 1999, it envisaged some far-reaching changes in its operations. But is this new facility living up to expectations? |
Finance & Development March 1, 2006 Pattillo, Gupta & Carey |
Growing Pains With Africa's growth finally picking up, the challenge is to accelerate and sustain the pace to reduce poverty. |
Finance & Development March 1, 2000 Leonardo Cardemil, Juan Carlos Di Tata, & Florencia Frantischek |
Central America: Adjustment and Reforms in the 1990s Following a weak performance in the 1980s, the Central American economies experienced a turnaround in the 1990s as they adopted improved policies within a more stable political environment. Now, how can they best maintain macroeconomic stability, continue structural reforms, and strengthen social policies to maximize rates of economic growth and reduce the incidence of poverty? |
Finance & Development December 1, 2006 Sundberg & Gelb |
Making Aid Work Aid in the past was often guided by geopolitical considerations linked to the interests of donor countries rather than by development objectives. But the end of the cold war and progress toward a new aid architecture should make aid more effective in Africa. |
Finance & Development December 1, 2006 McDonald et al. |
Enticing Investors To make a serious dent in poverty, Africa must attract more foreign capital. Portfolio investment has the potential to raise market efficiency and deepen financial intermediation while safeguarding financial sector soundness. |
Finance & Development December 1, 2000 Ernesto Hernandez-Cata |
Raising Growth and Investment in Sub-Saharan Africa: What Can Be Done? Sub-Saharan Africa must increase economic growth to reduce poverty and improve living standards. This article discusses some obstacles to growth in the region, as well as some policy actions that would improve its prospects. |
Finance & Development June 1, 2005 Baldacci et al. |
What Does It Take to Help the Poor Spending on education and health can boost human capital in poor countries and help them reach the Millennium Development Goals (MDGs), but only if governments are held accountable. |
Finance & Development September 2008 Celasun & Walliser |
Managing Aid Surprises Countries cannot make full use of aid when it is unpredictable |
Finance & Development June 1, 2005 Birger Fredriksen |
Keeping the Promise What is holding up achieving primary education for all African children? |
Finance & Development June 1, 2007 Ulrich Jacoby |
Getting Together China is itself a developing country, but it is also fast becoming a major player in the development of sub-Saharan Africa. |
Finance & Development June 2011 |
Beyond Retirees How countries change their pension systems and whether they do it in tandem have major implications for global economic health. |
Finance & Development March 1, 2001 Flemming Larsen |
The IMF's Dialogue with Nongovernmental Organizations The IMF is responding to questions about its role in today's world economy by reaching out to civil society at large and to nongovernmental organizations (NGOs) in particular... |
Finance & Development September 2010 |
Regaining Momentum Progress on the Millennium Development Goals has been slowed by the crisis. The rest of the world has to help. |
Finance & Development June 1, 2002 Brian Ames |
Taking Stock of Poverty Reduction Efforts What exactly is a poverty reduction strategy paper (PRSP), the centerpiece of the international community's new assault on poverty? It is essentially a road map prepared by countries themselves to help them better target public policies in support of poverty reduction. |
Finance & Development December 1, 2000 Masood Ahmed & Hugh Bredenkamp |
Supporting Poverty Reduction in Low-Income Developing Countries: The International Community's Response Despite developing countries' improved economic growth rates during the 1990s, poverty has remained firmly entrenched. How can developing countries, international financial institutions, and developed countries work together more effectively to reduce the incidence of poverty? |
Finance & Development September 2008 Deutscher & Fyson |
Improving the Effectiveness of Aid A proliferation of donors and projects has made the governance of aid more problematic. |
Finance & Development September 1, 2001 Sanjeev Gupta |
Debt Relief and Public Health Spending in Heavily Indebted Poor Countries The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1996, was the first comprehensive effort by the international community to reduce the external debt of the world's poorest countries... |
Finance & Development March 1, 2001 Alvin D.L. Hilaire |
Economic Stabilization in the Caribbean Barbados, Guyana, Jamaica, and Trinidad and Tobago simultaneously tackled serious economic difficulties in the early 1990s. The results of their adjustment programs demonstrate that fiscal reform, supported by other policies, may be the key to achieving a sustainable recovery... |
Finance & Development September 1, 2005 Sharpe, Wood & Wratten |
U.K.: More Country Ownership A country-led approach, in which the governments of developing countries themselves define and lead the poverty reduction agenda, is the key to improving aid effectiveness. |
Finance & Development March 1, 2001 Luis M. Valdivieso & Alejandro Lopez-Mejia |
East Timor: Macroeconomic Management on the Road to Independence With strong support from the international community, East Timor is reconstructing its economy and making the transition to managing it independently... |
Finance & Development June 1, 2005 dos Santos |
Brazil's Remarkable Journey Latin America's largest economy is finally reaping the benefits of reforms. |
Finance & Development March 1, 2000 Claudio M. Loser & Martine Guerguil |
The Long Road to Financial Stability Most countries in Latin America and the Caribbean weathered the economic crises of the late 1990s better than expected, thanks to the policy reforms of the past two decades. Further reform is urgently needed, however, to put the region on a faster growth path and reduce its vulnerability to external shocks. |
Finance & Development December 1, 2000 Saleh M. Nsouli |
Capacity Building in Africa: The Role of International Financial Institutions This article reviews the evidence on the importance of domestic institutions for economic growth and examines the role of international financial institutions, and particularly the IMF and its training, in capacity building in Africa. |
Finance & Development March 2008 Wang & Bio-Tchane |
Africa's Burgeoning Ties with China Africa and China have been trading partners for centuries. But in recent years, the level and intensity of their relationship have increased dramatically. |
Finance & Development September 2011 |
Fiscal Neighbors Canada and the United States confronted growing budget deficits and public debt but the results differed. |
Finance & Development September 2010 |
Making a Breakthrough To accelerate progress toward the Millennium Development Goals, growth must happen in sectors that directly benefit the poor, such as agriculture. |
Finance & Development September 2008 |
Dialogue Box F&D asked a number of opinion leaders around the world to answer the question, What's the single thing most likely to double living standards in poor countries over the next decade? |
Finance & Development December 2010 Baldacci et al. |
Getting Debt under Control In dealing with the aftermath of the Great Recession, policymakers must pay attention to the mix of austerity policies. |
Finance & Development December 1, 2002 Kose & Prasad |
Thinking Big How can small states hold their own in an increasingly globalized economy? |
Finance & Development June 1, 2000 Janet Stotsky, Esther Suss, & Stephen Tokarick |
Trade Liberalization in the Caribbean Since the mid-1990s, the governments of Caribbean countries have demonstrated a firm commitment to trade liberalization. What steps have they taken, what have the results been, and what further steps should they consider taking? |
Finance & Development December 1, 2005 Maureen Lewis |
A War Chest for Fighting HIV/AIDS With billions of dollars mobilized, the challenge is how to spend the money wisely in the fight against the global HIV/AIDS epidemic. |
Finance & Development March 1, 2000 Catherine L. Mann |
Is the U.S. Current Account Deficit Sustainable? The U.S. current account deficit, driven by the United States' widening trade deficit, is the largest it has ever been, both as a share of the U.S. economy and in dollar terms. How much longer can the United States continue to spend more than it earns and support the resumption of global growth? |
Finance & Development December 1, 2001 |
Bulletin Kohler Calls For Coordinated International Response in Wake of September 11 Attacks... IMF Releases Reduced World Economic Outlook Projections... External Financing for IMF Technical Assistance... |