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Making Fiscal Space Happen :, Managing Fiscal Policy in a World of Scaled-Up Aid, Xavier Debrun, Peter Heller, Theo Thomas, Menachem Katz, Isabell Adenauer, Taline Koranchelian

Abstract
Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and countries are to facilitate the implementation of a higher level of aid-financed spending programs
Table Of Contents
""Contents""; ""ACRONYMS""; ""I. INTRODUCTION""; ""II. SETTING THE APPROPRIATE FISCAL POLICY FRAMEWORK""; ""III. ENHANCING THE MANAGEMENT OF FISCAL RISK""; ""IV. INSTITUTIONAL APPROACHES TO FACILITATE FISCAL MANAGEMENT WITH SCALED-UP AID FLOWS""; ""V. CONCLUSIONS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
"December 2006."
Physical Description
1 online resource (55 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452772332

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