Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow countries to use most or almost all increases in aid within a few years. The paper finds some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold, whereas programmed spending does not seem to depend on inflation. Finally, it shows that the presence of a PRGFsupported program does not constrain the actual spending and absorption of aid.

Expenditures, Public --- Absorptive capacity (Economics) --- Economic assistance --- Econometric models. --- Poverty Reduction and Growth Facility (International Monetary Fund) --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Capacity, Absorptive (Economics) --- Appropriations and expenditures --- Government appropriations --- Government expenditures --- Government spending --- Public expenditures --- Public spending --- Spending, Government --- International Monetary Fund. --- PRGF --- Facilité de réduction de la pauvreté et de croissance (International Monetary Fund) --- FRPC --- Economic policy --- International economic relations --- Conditionality (International relations) --- Capital --- Economic development --- Investments, Foreign --- Loans, Foreign --- Finance, Public --- Public administration --- Government spending policy --- Exports and Imports --- Inflation --- Public Finance --- Statistics --- Debt --- Debt Management --- Sovereign Debt --- Current Account Adjustment --- Short-term Capital Movements --- Price Level --- Deflation --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Public finance & taxation --- International economics --- Macroeconomics --- Econometrics & economic statistics --- Government debt management --- Current account deficits --- Balance of payments statistics --- Government finance statistics --- Debts, Public --- Balance of payments --- Prices --- Finance --- Benin