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  1. Building resilience to natural disasters
    an application to small developing states
    Published: October 2017
    Publisher:  International Monetary Fund, [Washington, D.C.]

    We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the... more

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    We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the sovereign's creditworthiness. We use the model to study the debt sustainability concerns that arise from the need to rebuild public infrastructure over the medium term and analyze the feasibility of ex ante policies, such as building adaptation infrastructure and fiscal buffers, and contrast these policies with the post-disaster support provided by donors. Investing in resilient infrastructure may prove useful, in particular if it is viewed as complementary to standard infrastructure, because it raises the marginal product of private capital, crowding in private investment, while helping withstand the impact of the natural disaster. In an application to Vanuatu, we find that donors should provide an additional 50% of pre-cyclone GDP in grants to be spent over the following 15 years to ensure public debt remains sustainable following Cyclone Pam. Helping the government build resilience on the other hand, reduces the risk of debt distress and at lower cost for donors

     

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  2. Mission drawdowns - financing a sustainable peace
    sustaining gains and supporting economic stability post un mission withdrawal
    Published: [2020]
    Publisher:  OECD Publishing, [Paris, France]

    Successful transitions are vital; providing the means to secure the gains achieved through UN missions. A carefully managed transition process is one of the best ways to guard against backslide and to ensure the continuity of essential peacebuilding... more

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    Successful transitions are vital; providing the means to secure the gains achieved through UN missions. A carefully managed transition process is one of the best ways to guard against backslide and to ensure the continuity of essential peacebuilding and conflict prevention efforts. As part of this, it will be important to build and reinforce the essential foundations for economic stability, and to maintain financing for peace programming post-withdrawal. Therefore, the overall objective of this research was to address the systemic challenges of financing UN Mission transitions, by outlining opportunities to ensure that: the potentially negative economic impacts and disruptions of UN Mission transitions are mitigated; financing for peacebuilding programmes is sustained post mission withdrawal; and domestic economic growth is sustained and supported where possible. This paper combines global trends and research on peace operation transitions with findings from case studies in DRC (initial stages of MONUSCO transition), Haiti (handover from MINUJUSH to BINUH), Liberia (following UNMIL’s withdrawal) and Sudan (transition of UNAMID). The paper focuses on opportunities that the international community could integrate into programming, co-ordination and financing. Accordingly, the paper is structured around the three phases of transition – ongoing UN missions, the transition, and sustaining capacity and economic stability post-withdrawal.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
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    Series: OECD development policy papers ; no. 28 (March 2020)
    Subjects: Development; Congo, the Democratic Republic of the; Haiti; Liberia; Sudan; Peacekeeping; United Nations; UN missions; Transition; Special Political Mission; ODA; Foreign Aid; Policy; Developing Countries; Fragility; Financing; Stability; INCAF
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  3. Fiscal policy and development
    human, social, and physical investment for the SDGs
    Published: 2019
    Publisher:  International Monetary Fund, [Washington, D.C.]

    The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a baseline of current spending to GDP in these sectors.... more

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    The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a baseline of current spending to GDP in these sectors. Toward this end, we apply an innovative costing methodology to a sample of 155 countries: 49 low- income developing countries, 72 emerging market economies, and 34 advanced economies. And we refine the analysis with five country studies: Rwanda, Benin, Vietnam, Indonesia, and Guatemala

     

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  4. The paradox of transfers
    distribution and the Dutch disease
    Published: February 2, 2018
    Publisher:  Ryerson University, Department of Economics, Toronto

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Working papers] / [Ryerson University, Department of Economics] ; [71]
    Subjects: International Trade; Inequality; Foreign Aid; Remittances; Dutch Disease
    Scope: 1 Online-Ressource (circa 28 Seiten)
  5. Foreign aid and sustainable inclusive human development in Africa
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Motivated by evidence that extreme poverty has been decreasing in all regions of the world with the exception of Africa, the study contributes to the literature on reinventing foreign aid by assessing if development assistance can sustain inclusive... more

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    Motivated by evidence that extreme poverty has been decreasing in all regions of the world with the exception of Africa, the study contributes to the literature on reinventing foreign aid by assessing if development assistance can sustain inclusive human development. The empirical evidence is based on 53 African countries with data for the period 2005-2012 and Generalised Method of Moments. The adopted foreign aid variables include: aid for social infrastructure, aid for economic infrastructure, aid to the productive sector, aid to the multi sector, programme assistance, action on debt and humanitarian assistance. The results reveal that whereas foreign aid improves inclusive human development in the short-run, it decreases it in the long term. Policy implications are discussed with particular emphasis on reinventing foreign aid for sustainable development in the post-2015 development agenda.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204988
    Series: AGDI working paper ; WP/18, 044
    Subjects: Foreign Aid; Sustainable Development; Africa
    Scope: 1 Online-Ressource (circa 24 Seiten)
  6. Natural resource exports, foreign aid and terrorism
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Linkages between foreign aid, terrorism and natural resource (fuel and iron ore) exports are investigated in this study. The focus is on 78 developing countries with data for the period 1984 to 2008. The generalised method of moment is employed as... more

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    Linkages between foreign aid, terrorism and natural resource (fuel and iron ore) exports are investigated in this study. The focus is on 78 developing countries with data for the period 1984 to 2008. The generalised method of moment is employed as empirical strategy. Three main foreign aid variables are used for the analysis, namely: bilateral aid, multilateral aid and total aid. The corresponding terrorism variables employed are: domestic terrorism, transnational terrorism, unclear terrorism and total terrorism. The following findings are established. First, the criteria informing the validity of specifications corresponding to iron ore exports do not hold. Second, there is evidence of convergence in fuel exports. Third, whereas the unconditional impacts of aid dynamics are not significant, the unconditional impacts of terrorism dynamics are consistently positive on fuel exports. Fourth, the interaction between terrorism and aid dynamics consistently display negative signs, with corresponding modifying aid thresholds within respective ranges. Unexpected signs are elicited and policy implications discussed. Given the unexpected results, an extended analysis is performed in which net effects are computed. These net effects are constitutive of the unconditional effect from terrorism and the conditional impacts from the interaction between foreign aid and terrorism dynamics. Based on the extended analysis, bilateral aid and total aid modulate terrorism dynamics to induce net positive effects on fuel exports while multilateral aid moderates terrorism dynamics to engender negative net effects on fuel exports. The research improves extant knowledge on nexuses between resources, terrorism and foreign aid.

     

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    hdl: 10419/204993
    Series: AGDI working paper ; WP/19, 023
    Subjects: Foreign Aid; Exports; Natural Resources; Terrorism; Economic Development
    Scope: 1 Online-Ressource (circa 29 Seiten)
  7. Has Chinese aid benefited recipient countries?
    evidence from a meta-regression analysis
    Published: 2022 FEB
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This paper employs a meta-regression analysis of 473 estimates from 15 studies to take stock of the empirical literature on Chinese aid effectiveness. After accommodating publication selection bias, we find that, on average, Beijing's foreign... more

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    This paper employs a meta-regression analysis of 473 estimates from 15 studies to take stock of the empirical literature on Chinese aid effectiveness. After accommodating publication selection bias, we find that, on average, Beijing's foreign assistance has had a positive impact on economic and social outcomes in recipient countries but an opposite effect on governance, albeit negligible in size. We also show that (i) studies that fail to uncover statistically significant effects are less likely to be submitted to journals, or accepted for publication; and (ii) results are not driven by authors' institutional affiliation. Differences in study characteristics such as the type of development outcome considered, how the Chinese aid variable is measured, the geographic region under study, and publication outlet explain the heterogeneity among Chinese aid effectiveness estimates reported in the literature

     

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  8. NGOs and donors' funding
    evidence from Uganda
    Published: [2022]
    Publisher:  Centre for Research in Economic Development and International Trade, University of Nottingham, Nottingham

    We develop a screening model to analyse the funding allocation criteria of institutional donors towards NGOs. The model shows that when donors care about efficiency, they screen NGOs and concentrate their funding on those that comply. Combining two... more

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    We develop a screening model to analyse the funding allocation criteria of institutional donors towards NGOs. The model shows that when donors care about efficiency, they screen NGOs and concentrate their funding on those that comply. Combining two waves, 2002 and 2008, of a unique survey data set of 412 NGOs in Uganda we show that local donors do not implement efficiency selectivity criteria but focus on the geographic location of the NGO and the manager's network. International donors, instead, follow efficiency proxies of both the NGO and the manager, including the manager's level of education, the appointment procedure, and external feedback on community needs. From focus group interviews with beneficiaries it appears they too reward efficiency proxies and show a higher appreciation for those NGOs funded predominantly by international donors.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/268015
    Series: CREDIT research paper ; no. 22, 04
    Subjects: Foreign Aid; Funding Allocation; NGO
    Scope: 1 Online-Ressource (circa 23 Seiten)
  9. Filling the "decency gap"?
    donors' reaction to the US policy on international family planning aid
    Published: [2022]
    Publisher:  [Aix-Marseille School of Economics], [Aix-en-Provence

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    Series: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2022, nr 17
    Subjects: Family planning; Foreign Aid; Global Gag Rule; Donors coordination
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  10. Aid and exchange rates in sub-Saharan Africa
    nomore dutch disease?
    Published: [2019]
    Publisher:  Centre for Research in Economic Development and International Trade, University of Nottingham, Nottingham

    Given the significant inflows of foreign aid to sub-Saharan Africa (SSA) the possibility of Dutch Disease has been a concern. Most macroeconomic models predict that aid inflows, especially if large and/or unanticipated (shocks), will lead to an... more

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    Given the significant inflows of foreign aid to sub-Saharan Africa (SSA) the possibility of Dutch Disease has been a concern. Most macroeconomic models predict that aid inflows, especially if large and/or unanticipated (shocks), will lead to an appreciation of the real exchange rate and undermine the competitiveness of the economy. Empirical evidence is inconclusive, but a common presumption is that aid has been associated with Dutch Disease effects in SSA. Previous empirical studies rely on annual data and few include data since themid-2000s. This paper focuses on themore recent period employing monthly time series data for ten countries over 2001 to 2017 to estimate a structural VAR. For the majority of countries aid has no or a minimal effect on the real exchange rate; there is evidence of a significant real appreciation in only two countries. Additional analysis shows that commodity export prices are a more important determinant of the real exchange rate, with an effect on average twice that of aid. The paper conjectures that the absence of a Dutch Disease effect since the 2000s is due to a declining level of aid inflows and improved macroeconomic management.

     

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    Other identifier:
    hdl: 10419/210858
    Series: CREDIT research paper ; no. 19, 07
    Subjects: Foreign Aid; Exchange Rates; Dutch Disease; sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  11. Federated States of Micronesia
    climate change policy assessment
    Published: 2019
    Publisher:  International Monetary Fund, Washington, D.C.

    This Climate Change Policy Assessment (CCPA) takes stock of the Federated States of Micronesia (FSM)'s climate response plans, from the perspective of their macroeconomic and fiscal implications. CCPA explores the possible impact of climate change... more

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    This Climate Change Policy Assessment (CCPA) takes stock of the Federated States of Micronesia (FSM)'s climate response plans, from the perspective of their macroeconomic and fiscal implications. CCPA explores the possible impact of climate change and natural disasters and the cost of FSM's planned response. It suggests macroeconomically relevant reforms that could strengthen the national strategy and identifies policy gaps and resource needs. FSM has made progress toward its Nationally Determined Contribution mitigation pledge by beginning to expand renewable power generation and improve its efficiency. The authorities plan to continue this and encourage the take-up of energy efficient building design and appliances. Accelerating adaptation investments is paramount, which requires addressing critical capacity constraints and increasing grant financing. It is recommended that FSM needs to increase its capacity to address natural disaster risks following the expiry of Compact-related assistance in 2023. It is advised to improve climate data collection and use, including on the costs of high and low intensity disasters and disaster response expenditure

     

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  12. Macroeconomic outcomes in disaster-prone countries
    Published: 2019
    Publisher:  International Monetary Fund, [Washington, DC]

    Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution method... more

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    Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution method that is shown to deal effectively with high-impact weather shocks calibrated in accordance to empirical evidence. We find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster-prone countries. Relative to non-disaster-prone countries, on average, these shocks cause a welfare loss equivalent to a permanent fall in consumption of 1.6 percent. Welfare gains to countries that self-finance investments in resilient public infrastructure are found to be negligible, and international aid has to be sizable to achieve significant welfare gains. In addition, it is more cost-effective for donors to contribute to the financing of resilience before the realization of disasters, rather than disbursing aid after their realization

     

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  13. Barriers to public pension program participation in a developing country
    Published: [2019]
    Publisher:  JICA Research Institute, Tokyo

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: JICA-RI working paper ; no. 199 (December 2019)
    Subjects: Randomized Control Trial; Pension; Mobile Phones; Foreign Aid; Information Provision; Mongolia
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  14. Natural disaster insurance for sovereigns
    issues, challenges and optimality
    Published: 2020
    Publisher:  International Monetary Fund, [Washington, DC]

    Natural disasters are a source of economic risks in many countries, especially in smaller and lower-income states, and ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a key... more

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    Natural disasters are a source of economic risks in many countries, especially in smaller and lower-income states, and ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a key instrument to mitigate the risks; proposes ways to judge the adequacy of insurance; and considers ways to enhance its use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through simulations of natural disasters and various insurance options, we find that sovereign decisions on optimal risk transfer involve balancing trade-offs between growth and debt, based on government risk preferences and country risk exposure. The choice of optimal insurance for smaller countries turns out to be more constrained by cost considerations due to their higher exposure, likely resulting in underinsurance; donor grants could help them achieve a more optimal protection. We also find that optimal insurance packages are those that are least costly relative to expected payouts (i.e. have the lowest insurance multiple), which are also the packages that insure less severe (more frequent) disasters

     

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  15. Republic of South Sudan
    technical assistance report : report on external sector statistics mission
    Published: 2020
    Publisher:  International Monetary Fund, Washington, D.C.

    This Technical Assistance Mission has been undertaken to support the Bank of South Sudan (BSS) in improving external sector statistics (ESS). The recommendations made during the 2018 mission for the recording of oil exports and transactions with... more

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    This Technical Assistance Mission has been undertaken to support the Bank of South Sudan (BSS) in improving external sector statistics (ESS). The recommendations made during the 2018 mission for the recording of oil exports and transactions with Sudan under the Transitional Financial Agreement were implemented by the BSS. The mission worked toward enhancing the inter-agency cooperation by meeting with selected public sector bodies, providing them with an overview of the balance of payments and the data that the BSS will request from them. Before the end of the mission, requested data from one of the entities, the Civil Aviation Authority was provided. A work program was developed to conduct a visitor expenditure survey and a preliminary International Reserves and Foreign Currency Liquidity template was submitted to IMF's Statistics Department for review. In order to support progress in the various work areas, the mission recommended a detailed one-year action plan, with the several priority recommendations carrying weight to make headway in improving ESS reliability

     

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  16. Financing for refugee situations
    Published: [2019]
    Publisher:  OECD Publishing, [Paris, France]

    Forced displacement, including refugee flows, is a global phenomenon. As of 2018, 26 million people were refugees. Financing from the international community makes a significant contribution to supporting refugees and host communities. But in order... more

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    Forced displacement, including refugee flows, is a global phenomenon. As of 2018, 26 million people were refugees. Financing from the international community makes a significant contribution to supporting refugees and host communities. But in order to meet those needs effectively and efficiently, financing strategies need to take account of the particularities of large-scale refugee situations. Refugee flows are complex, often protracted, and, require humanitarian, development and peace financing to work in complementary ways. Doing this effectively can create opportunities that are of benefit to both refugees and host communities. This policy paper presents seven principles for improving financing for refugee situations, based on global trends and case studies in three hosting countries (Uganda, Lebanon, and Colombia) and one origin/return country (Central African Republic). Both the quality and the quantity of financing matters to get the greatest value for refugees and their host communities.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: OECD development policy papers ; no. 24 (December 2019)
    Subjects: Development; Refugee; Displacement; Development Finance; ODA; Foreign Aid; Policy; Developing Countries; New York Declaration for Refugees and Migrants; Forced Displacement; Humanitarian; Financing; Burden- and Responsibility-sharing; Global Compact on Refugees
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  17. The Federal Democratic Republic of Ethiopia
    requests for purchasing under the rapid financing instrument, debt relief under the catastrophe containment and relief trust, rephasing of access under the three-year arrangements under the extended credit facility and the extended fund facility, and reduction of access under the extended fund facility arrangement : press release; staff report; and statement by the Executive Director for The Federal Democratic Republic of Ethiopia
    Published: 2020
    Publisher:  International Monetary Fund, Washington, D.C.

    This paper focuses on The Federal Democratic Republic of Ethiopia's Requests for Purchasing Under the Rapid Financing Instrument (RFI), Debt Relief Under the Catastrophe Containment and Relief Trust, Rephasing of Access Under the Three-Year... more

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    This paper focuses on The Federal Democratic Republic of Ethiopia's Requests for Purchasing Under the Rapid Financing Instrument (RFI), Debt Relief Under the Catastrophe Containment and Relief Trust, Rephasing of Access Under the Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility, and Reduction of Access Under the Extended Fund Facility Arrangement. Ethiopia is facing a pronounced economic slowdown and an urgent balance of payments need owing to the coronavirus disease 2019 (COVID-19) pandemic. The authorities have taken strong actions to contain the health impact by implementing a mandatory 14-day quarantine for travelers entering the country, improving testing and containment capacity, strengthening epidemic response coordination and adopting a state of emergency to limit movement and gatherings and facilitate social distancing. Ethiopia showed good progress under the extended arrangements with the IMF, which aim to address external vulnerabilities and transition to a private sector-led growth model. The authorities remain committed to the reform program. The IMF staff supports the authorities' plan to accommodate COVID-related fiscal measures, and to resume the fiscal adjustment when the crisis subsides. In order to contain the upward pressure on public debt, the authorities should consider further tightening the spending envelope for state-owned enterprises not directly engaged in the COVID-19 emergency response

     

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  18. Dominican Republic
    request for purchase under the rapid financing instrument : press release; staff report; and statement by the Executive Director for the Dominican Republic
    Published: 2020
    Publisher:  International Monetary Fund, Washington, D.C.

    This paper analyzes Dominican Republic's Request for Purchase Under the Rapid Financing Instrument (RFI). The RFI provides timely resources to the authorities which they intend to mobilize for essential coronavirus disease 2019 (COVID-19)-related... more

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    This paper analyzes Dominican Republic's Request for Purchase Under the Rapid Financing Instrument (RFI). The RFI provides timely resources to the authorities which they intend to mobilize for essential coronavirus disease 2019 (COVID-19)-related health expenditure and support to the vulnerable population. The pandemic has significantly weakened the Dominican Republic's macroeconomic outlook for 2020 and created financing needs that require additional support. The authorities are also seeking support from other multilateral institutions. Macroeconomic and financial policies have been accommodative in response to the pandemic. The temporary fiscal measures to accommodate higher public healthcare spending and targeted transfers to the most vulnerable are appropriate. The IMF emergency assistance under the RFI is expected to help provide the much-needed resources to address the urgent balance of payments needs and support essential COVID-19-related health expenditure. The support of other international financial institutions and development partners would be crucial to close the remaining financing gaps, ease the adjustment burden, and preserve the Dominican Republic's dynamic economic growth

     

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  19. Seychelles
    request for purchase under the rapid financing instrument : press release; staff report; and statement by the Executive Director for Seychelles
    Published: 2020
    Publisher:  International Monetary Fund, Washington, D.C.

    This paper refers to Seychelles' Request for Purchase Under the Rapid Financing Instrument (RFI). The near-term economic fallout of the coronavirus disease 2019 pandemic is expected to be severe. Restriction in travel will hinder tourism and weaken... more

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    This paper refers to Seychelles' Request for Purchase Under the Rapid Financing Instrument (RFI). The near-term economic fallout of the coronavirus disease 2019 pandemic is expected to be severe. Restriction in travel will hinder tourism and weaken fiscal and external positions, creating large additional financing needs. The authorities reacted swiftly by taking immediate measures of containment, including border closures, strengthening health policy responses and supporting households and firms. The emergency IMF support under the RFI provides timely resources to the authorities to address the urgent balance of payments and budgetary needs. The assistance of other international financial institutions and development partners is crucial to close the remaining financing gaps, ease the adjustment burden, and preserve economic growth. The authorities are committed to transparency and good governance in the use of emergency financing by providing monthly reports of pandemic-related expenditure to the National Assembly and undertaking an independent audit of such spending and procurement and publishing the results

     

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  20. Jordan
    request for purchase under the rapid financing instrument : press release; staff report; and statement by the Executive Director, Alternate Executive Director, and Advisor for Jordan
    Published: 2020
    Publisher:  International Monetary Fund, Washington, D.C.

    This paper discusses Jordan's Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic has had a severe impact on the Jordanian people's lives and on the economy. Tourism disruption and sharp declines in... more

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    E_Book IMF
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    This paper discusses Jordan's Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic has had a severe impact on the Jordanian people's lives and on the economy. Tourism disruption and sharp declines in remittances, exports and capital inflows have resulted in an urgent balance of payments need. The Jordanian authorities have responded with decisive containment and health measures that effectively limited the spread of the virus with minimal fatalities. They also implemented a timely package of policies to mitigate the economic fallout of the pandemic. IMF financing under the RFI will support international reserves and help meet the budget financing needs for crisis mitigation. Mobilizing additional financing from multilateral and bilateral creditors will be essential to support the authorities' policy efforts and preserve macroeconomic stability. The authorities remain committed to the objectives of the reform program supported by the Extended Fund Facility arrangement, which was approved by the Board in March. When the crisis abates, the priority will be resuming fiscal consolidation to place public debt on a declining path and pursuing reforms to strengthen the competitiveness of the Jordanian economy and to support inclusive growth and job creation

     

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  21. Towards a sustainable Belt and Road Initiative?
    paving the way for a common sustainable development finance framework
    Published: [2019]
    Publisher:  AFD éditions, Paris, France

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Policy paper / Agence française de développement ; no. 2 (November 2019)
    Subjects: Foreign Aid; Development finance; SustainableDevelopment Goals; Belt and Road Initiative; China
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  22. IMF programs and financial flows to offshore centers
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on... more

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    This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect any positive and statistically significant effect of IMF loan disbursements on bank deposits in OFCs. The result holds even after restricting the sample to the duration of the IMF program, where disbursement quarters and non-disbursement quarters should be subject to similar degrees of macroeconomic stress. It is also robust to using the scheduled tranche of disbursements as an instrument for actual disbursements. While the effects vary by the type and conditionality of the IMF program, as well as the amount of lending, none of the effects are found to be positive and statistically significant. We also estimate whether the recent surge in emergency lending, during the Covid-19 crisis, is associated with an increase in outflows to OFCs but find no evidence to support this

     

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  23. United Republic of Tanzania
    request for disbursement under the rapid credit facility : press release; staff report; and statement by the Executive Director United Republic of Tanzania
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic has negatively impacted Tanzania's macroeconomic outlook. The Tanzanian authorities are implementing a comprehensive emergency pandemic response plan to help mitigate the significant socioeconomic and health effects of the... more

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    The COVID-19 pandemic has negatively impacted Tanzania's macroeconomic outlook. The Tanzanian authorities are implementing a comprehensive emergency pandemic response plan to help mitigate the significant socioeconomic and health effects of the crisis, resulting in an ongoing urgent balance of payments need

     

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  24. Donor Contracting Conditions and Public Procurement
    Causal Evidence from Kenyan Electrification
    Published: February 2023
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation... more

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    There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting features--namely, contract bundling and monitoring--affect outcomes of a large economic development project. We leverage an unusual feature of Kenya's nationwide electrification program: the quasi-random allocation of multilateral funding sources across nearby villages. African Development Bank (AfDB) projects used bundled contracts while the World Bank (WB) employed unbundled contracts together with strengthened inspections. To measure impacts, we collect on-the-ground engineering assessments, power quality data, household surveys, and analyze original contracts. The analysis suggests a stark trade-off: WB procedures delayed construction completion by 16 months relative to AfDB sites but improved construction quality by a sizeable 0.6 standard deviations. To disentangle the effects of contract bundling versus monitoring, we conducted randomized audits that enhanced monitoring. The audits improve household connectivity, network size, and voltage at AfDB sites, but have no impact at WB sites, suggesting monitoring and unbundling contracts may be substitutes. Given the apparent trade-off, we investigate how net benefits depend on policymaker time preferences and infrastructure longevity

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30948
    Subjects: Entwicklungsfinanzierung; Infrastrukturinvestition; Internationale Organisation; Öffentlicher Auftrag; Leistungsbündel; Projektbewertung; Regulierung; Wirkungsanalyse; Kenia; Bureaucracy; Administrative Processes in Public Organizations; Corruption; Foreign Aid; National Government Expenditures and Related Policies; Electric Utilities; International Linkages to Development; Role of International Organizations
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  25. The paradox of transfers
    tistribution and the Dutch disease.
    Published: [2024]
    Publisher:  [Ryerson University, Department of Economics], [Toronto]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Working papers] / [Ryerson University, Department of Economics] ; [089]
    Subjects: International Trade; Inequality; Foreign Aid; Remittances; Dutch Disease
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen