MARC Record from University of Toronto

LEADER: 02193cam 2200277Ia 4500
001 ocn163582643
005 20071123075233.0
008 070809s2006 dcua b i000 0 eng d
039 $fsom
245 00 $aMaking fiscal space happen :$bmanaging fiscal policy in a world of scaled-up aid /$cprepared by Peter S. Heller ... [et al.].
260 $a[Washington, D.C.] :$bInternational Monetary Fund, Fiscal Affairs Dept.,$c2006.
300 $a53 p. :$bill. ;$c28 cm.
440 0 $aIMF working paper ;$vWP/06/270
500 $aCaption title.
500 $a"December 2006."
504 $aIncludes bibliographical reference (p. 45-47).
530 $aAlso available on the World Wide Web.
520 $aDebt 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.
650 0 $aFiscal policy$zDeveloping countries.
650 0 $aEconomic assistance$zDeveloping countries.
651 0 $aDeveloping countries$xEconomic policy.
651 0 $aDeveloping countries$xEconomic conditions.
700 1 $aHeller, Peter S.
710 2 $aInternational Monetary Fund.$bFiscal Affairs Dept.
856 41 $3Full text ;$zIn .pdf format :$uhttp://www.imf.org/external/pubs/cat/longres.cfm?sk=20073.0
949 $aHJ1620 .M244 2006$wLC$c1$i31761069290971$lSTACKS$mROBARTS$rY$sY$tBOOK$u23/11/2007