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Fiscal Management of Scaled-up Aid (Paperback, New)
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Fiscal Management of Scaled-up Aid (Paperback, New)
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The international community has committed to scaling up aid and
improving aid delivery to low-income countries to help them meet
the Millennium Development Goals. Other 'emerging' donors, public
and private, are increasing their assistance, and debt-relief
initiatives are creating space for new borrowing. Remittances to
low-income countries have been on a precipitous rise, and many
countries are benefiting from high commodity prices. ""Fiscal
Management of Scaled-Up Aid"" explores approaches to the sound
fiscal management that will be required to ensure effective and
sustainable use of these flows. With a medium-term perspective and
efficient use of resources in mind, this paper addresses questions
that shape fiscal policy response to scaled-up aid. Drawing on IMF
Fiscal Affairs Department technical assistance to member countries,
it outlines factors that should be taken into account in preparing
an action plan for public financial management reform, and proposes
specific measures that will assist countries in strengthening
fiscal institutions.
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