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

Peter Heller, Menachem Katz, Xavier Debrun, Theo Thomas, Taline Koranchelian and Isabell Adenauer

No RP2006-125, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programmes 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.

Keywords: Economic assistance and foreign aid; Economic policy; Fiscal policy; Foreign loans; Macroeconomics (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (12)

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Working Paper: Making Fiscal Space Happen: Managing Fiscal Policy in a World of Scaled-Up Aid (2006)
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