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Foreign Aid
The Local Currency Proceeds of Foreign Aid
Accumulation and Administration of Local Currencies
The Macroeconomic Impacts of Counterpart Funds
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1989-08-18
Total Pages: 22
ISBN-13: 1451963467
DOWNLOAD EBOOK →This paper analyzes the macroeconomic impacts of the creation, accumulation, and use of counterpart funds. It draws attention to the importance of including counterpart funds in the design of macroeconomic policies to ensure their consistency. It shows that the creation or accumulation of counterpart funds in most cases is deflationary while their uses are inflationary. One conclusion is that “untied” counterpart funds are more appropriate for countries implementing an adjustment program.
The Macroeconomic Effects of Counterpart Funds and the Underlying Foreign Aid
Author: Mr.Christian B. Mulder
Publisher: International Monetary Fund
Published: 1992-06-01
Total Pages: 22
ISBN-13: 1451846592
DOWNLOAD EBOOK →Counterpart funds generated through foreign currency or commodity aid have again become an issue of interest, in view of the substantial buildup of these funds. Contrary to the usual approach a model is developed in this paper, which takes account of the budgetary impact, supply-side and money demand effects of counterpart funds and the underlying foreign aid. This model is used to show that counterpart funds need not have any economic impact if their creation, use, and effects are adequately monitored and understood, both by donors and by the authorities in the recipient country. The policy rules that ensure an inflation- and foreign reserves-neutral result from expected and unexpected foreign aid are derived and contrasted with a policy rule regarding unexpected foreign aid that is sometimes observed in IMF programs. A feasible alternative is developed. Various real world complications are shown not to alter the conclusions.
Grants, Loans, and Local Currencies
Local Currency Counterpart Funds
Local Currency Counterpart Funds, Midpoint Review, April 1950
Author: United States. Economic Cooperation Administration
Publisher:
Published: 1950
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOK →Debt Swaps for Sustainable Development
Author: Dr. Jürgen Kaiser
Publisher: Iucn
Published: 1996
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOK →This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
