Challenges in Expanding Development Assistance

Peter Heller and Sanjeev Gupta

No 2002/005, IMF Policy Discussion Papers from International Monetary Fund

Abstract: 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.

Keywords: PDP; recipient country; country partnership; donor country; low income; transition country; ODA; poverty; absorptive capacity; international public goods; country market; distributional criterion; public goods; commitments of the European Union; countries of the world; Personal income; Real exchange rates; Extra-budgetary funds; Global (search for similar items in EconPapers)
Pages: 46
Date: 2002-03-01
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Citations: View citations in EconPapers (13)

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