By Stefan Koeberle, Jan Walliser, Zoran Stavreski
Price range aid has develop into an more and more very important tool within the context of a partnership-based method of improvement information. in comparison to conventional modes of relief supply, it offers larger state possession, lowered transaction expenditures, greater donor coordination, scaling up of poverty aid and possibly larger improvement effectiveness. This publication offers a well timed and worthy assessment of key recommendations, matters, reports and rising classes correct to price range aid. It presents an outline of valuable features, expectancies and matters with regards to finances aid, key layout and implementation matters, in addition to a few functional studies. The members comprise govt representatives from constructing nations, prime educational students, bilateral improvement firms and improvement practitioners from foreign monetary associations, together with the area financial institution and the overseas financial Fund. They current a variety of perspectives on key concerns equivalent to the alternative of tools, alignment of price range help with state courses, predictability, and coordination and conditionality. The authors draw their insightful research at the modern study and review paintings, in addition to the extensive useful event with funds help. This ebook might be of serious curiosity to practitioners in aid-recipient international locations and foreign monetary associations, bilateral companies and civil enterprises all in favour of finances aid.
Read Online or Download Budget Support as More Effective Aid?: Recent Experiences and Emerging Lessons PDF
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Additional info for Budget Support as More Effective Aid?: Recent Experiences and Emerging Lessons
16 | STEFAN KOEBERLE AND ZORAN STAVRESKI Low-income countries with the greatest need for budget support also tend to have inadequate financial management systems, suffering from serious weaknesses in budget formulation and execution, financial reporting, procurement, and oversight systems. Most also have only weak links between agreed policies, budget planning, and budget execution. Providing budget support to these countries raises legitimate fiduciary concerns that scarce aid resources may be misappropriated or wasted.
5 Using this approach may help a country build appropriate implementation arrangements with which it can establish a track record of reform and growing confidence to facilitate an eventual transition to general budget support. This said, SWAps require a clearly articulated sectoral strategy and agreement on sectoral priorities. Similarly, a decision whether to provide SWAps should be based on a careful assessment of the sector’s institutional capacity to implement the expenditure program and to achieve the program objectives.
Conditionality focuses on policy measures and expenditure allocations that relate to overall development priorities, as set out in the PRS and medium-term expenditure framework. An appropriate mix of instruments is needed to ensure the greatest effectiveness of development assistance. The choice of lending instruments depends on the extent of agreement about policies and budget priorities, and on the recipient country’s institutional capacity to implement the reform program and account for its use of resources.