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Publications (6)
Research Brief
– What Does the Evidence Say?
Donors are concerned about how their aid is used, especially how it affects public spending. For low-income countries that receive significant amounts of aid relative to GDP, most of the aid spent in the country is given to the government either directly, or by financing services that would...
Research Brief
A donor dilemma: aid effectiveness in fragile states. Donors are often faced with the dilemma that those countries most in need of aid are often those least likely to spend it effectively. This dilemma can be characterized as an instance of the Tingenberg rule which states that for policy objectives...
Research Brief
Fragile and conflict-affected states, like Sierra Leone, can maintain a strong public financial management structure if they are able to find foreign support for administrative capacity and sufficient domestic political and executive support. PFM legal framework, budget planning and scrutiny, still...
Research Brief
In a recent UNU-WIDER working paper 'Fiscal composition and aid effectiveness: A political-economy model' Paul Mosley examines the claim that aid would have, in the long term, a negative impact on productivity and stability of expenditure in recipient countries, due to its tendency to undermine tax...
Policy Brief
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The 14-member Franc Zone in West and Central Africa represents the largest monetary union in the southern hemisphere, predating the European Monetary Union by decades. With monetary unions planned for other parts of Africa in the near future, Macroeconomic Policy in the Franc Zone focuses on some of...
Policy Brief
pdf
– L’Expérience Africaine Peut-Elle Inspirer la Banque Centrale Européenne
Les 14 pays membres de la zone franc en Afrique de l'Ouest et en Afrique centrale constituent - avec plusieurs décennies d'avance sur l'Union monétaire européenne - la plus importante union monétaire de l'hémisphère austral. Face à la perspective de création, à court terme, de nouvelles unions...
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