Challenges in Expanding Development Assistance
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Summary:
This paper highlights the macro and microeconomic challenges associated with success of the effort to mobilize 0.7 percent of GNP for official development assistance (ODA). To promote achievement of the Millennium Development Goals, enhanced ODA must be as productive as possible. In weighing the distribution of enhanced ODA among countries, the paper emphasizes the need to limit potentially adverse “real transfer effects.” It recommends a multi-pronged approach to ODA that includes, inter alia, in addition to direct bilateral transfers, enhanced use of trust funds and the financing of global public goods.
Series:
Policy Discussion Paper No. 2002/005
Subject:
Absorptive capacity Balance of payments Extra-budgetary funds Foreign exchange National accounts Personal income Poverty Public financial management (PFM) Real exchange rates
English
Publication Date:
March 1, 2002
ISBN/ISSN:
9781451972788/1564-5193
Stock No:
PPIEA0052002
Pages:
46
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