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Making Fiscal Space Happen : Managing Fiscal Policy in a World of Scaled-Up Aid.

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 inf...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Formato: Electrónico eBook
Idioma:Inglés
Publicado: International Monetary Fund 2006.
Temas:
Acceso en línea:Texto completo

MARC

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520 |a 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. 
505 0 |a 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 
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650 0 |a Finance, Public. 
650 0 |a Fiscal policy. 
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650 6 |a Politique fiscale. 
650 7 |a Finance, Public  |2 fast 
650 7 |a Fiscal policy  |2 fast 
720 |a Debrun, Xavier. 
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