Research Catalog
Aid Volatility and Macro Risks in Low-Income Countries
- Title
- Aid Volatility and Macro Risks in Low-Income Countries [electronic resource] / Eduardo Borensztein ... [et al]
- Publication
- Paris : OECD Publishing, 2008.
Available Online
Details
- Additional Authors
- Description
- 43 p.; 21 x 29.7cm.
- Summary
- The report argues that aid volatility is an important source of volatility for the poorest countries. Following a method already applied by the Agence Française de Développement, the report argues that loans to LICs should incorporate a floating grace period, which the country could draw upon when hit by a shock. The definition of a shock should include aid uncertainty, along with others such as commodity shocks and natural disasters. The idea is calibrated to a key IMF policy instrument towards Low-Income Countries, the Poverty-Reducing and Growth Facility (PRGF).
- Series Statement
- OECD Development Centre Working Papers, 1815-1949 ; no.273
- Uniform Title
- OECD Development Centre Working Papers, no.273.
- Subject
- Development
- LCCN
- 10.1787/227667286811
- OCLC
- oecd-lib-003921
- Title
- Aid Volatility and Macro Risks in Low-Income Countries [electronic resource] / Eduardo Borensztein ... [et al]
- Imprint
- Paris : OECD Publishing, 2008.
- Series
- OECD Development Centre Working Papers, 1815-1949 ; no.273OECD Development Centre Working Papers, 1815-1949 ; no.273.
- Connect to:
- Indexed Term
- Development
- Added Author
- Borensztein, Eduardo.Cagé, Julia.Cohen, Daniel.Valadier, Cécile.
- Other Standard Identifier
- 10.1787/227667286811 doi