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 Managing the Exchange Rate Consequences of an MDG-Related Scale-up in HIV/AIDS Financing
relatively short periods of tim e com e with several dangers. AID DEPENDENCY Large aid flows that persist over extended periods can induce responses that are inim ical to econom ic growth and welfare over the long run. One of those potential negative responses is a reduced dom estic savings...
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relatively short periods of tim e com e with several dangers. AID DEPENDENCY Large aid flows that persist over extended periods can induce responses that are inim ical to econom ic growth and welfare over the long run. One of those potential negative responses is a reduced dom estic savings rate as dom estic econom ic agents choose to consum e the m ost part of current incom e, with the expectation that foreign savings, in the form of developm ent assistance, will provide the necessary additional resources
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http://www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=9
www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=9
International Poverty Centre 7 There is, as yet, little evidence, at the m acro level, that HIV/AIDS is <span class="highlight">com</span> prom ising broad education achievem ents in high and m edium -prevalence countries (Table 2), but there are m any reasons to believe that the disease hinders progress at the m icro level and will thus m ake further progress difficult over the long-term . Fam ilies coping with the disease are m ore likely to rem ove children from school because of their inability to m eet education costs
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http://www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=13
www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=13
relatively short periods of tim e <span class="highlight">com</span> e with several dangers. AID DEPENDENCY Large aid flows that persist over extended periods can induce responses that are inim ical to econom ic growth and welfare over the long run. One of those potential negative responses is a reduced dom estic savings rate as dom estic econom ic agents choose to consum e the m ost part of current incom e, with the expectation that foreign savings, in the form of developm ent assistance, will provide the necessary additional resources
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http://www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=14
www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=14
12 Conference Paper paym ents denom inated in foreign currency without <span class="highlight">com</span> prom ising foreign currency availability for needed im ports). Yet, the econom ic and institutional structures of m any low incom e countries, and all least-developed countries, m ake this challenge particularly daunting. Prim ary <span class="highlight">com</span> m odity exporters with high export concentrations (a typical profile for m oderate and high HIV/AIDS prevalence countries) face highly volatile export incom e stream s that constrain their
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http://www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=19
www.undp-povertycentre.org/pub/IPCConferencePaper1.pdf#page=19
International Poverty Centre 17 In the view of the IMF (2005 a, c), the first effect is likely to <span class="highlight">com</span> prom ise current investm ent and growth and the second and third effects m ay <span class="highlight">com</span> prom ise long-term growth as well as overall m acroeconom ic stability. For these reasons, PRGF program conditionalities encourage countries to m aintain sm all fiscal deficits or surpluses. U nfortunately, when developm ent assistance <span class="highlight">com</span> es in the form of budget support (particularly grant support), large
A Proposed Strategy for Growth, Employment and Poverty Reduction in Uzbekistan
and child m ortality by preventing and m itigating the m ost com m on childhood disorders and diseases. According to official statistics, both infant and child m ortality rates have been in decline since the early 1990s (Table 10). The im provem ent of m aternal health should also be an integ...
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and child m ortality by preventing and m itigating the m ost com m on childhood disorders and diseases. According to official statistics, both infant and child m ortality rates have been in decline since the early 1990s (Table 10). The im provem ent of m aternal health should also be an integral com ponent of this effort. As part of its com m itm ent to the MDG s, the governm ent is seeking to reduce the child m ortality rate by tw o thirds (w hich is in line w ith the global MDG target) and reduce the
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http://www.undp-povertycentre.org/pub/IPCCountryStudy12.pdf#page=25
www.undp-povertycentre.org/pub/IPCCountryStudy12.pdf#page=25
and child m ortality by preventing and m itigating the m ost <span class="highlight">com</span> m on childhood disorders and diseases. According to official statistics, both infant and child m ortality rates have been in decline since the early 1990s (Table 10). The im provem ent of m aternal health should also be an integral <span class="highlight">com</span> ponent of this effort. As part of its <span class="highlight">com</span> m itm ent to the MDG s, the governm ent is seeking to reduce the child m ortality rate by tw o thirds (w hich is in line w ith the global MDG target) and reduce the
Monetary Policies for an MDG-Related Scaling up of ODA to Combat HIV/AIDS:Avoiding Dutch D...
16 Conference Paper The m ost intractable problem is not associated with the effects of scaling up aid inflows, but with their volatility. Volatility m ight have significant health effects since interruptions in H IV/AID S treatm ent can lead to stronger strains of the virus, and m ake treatm ent m...
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16 Conference Paper The m ost intractable problem is not associated with the effects of scaling up aid inflows, but with their volatility. Volatility m ight have significant health effects since interruptions in H IV/AID S treatm ent can lead to stronger strains of the virus, and m ake treatm ent m ore com plicated and expensive. In that respect, both the conventional m odel and the alternative m odel suggest that accum ulation of reserves m ight be a useful m echanism to avoid excessive
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http://www.undp-povertycentre.org/pub/IPCConferencePaper2.pdf#page=4
www.undp-povertycentre.org/pub/IPCConferencePaper2.pdf#page=4
2 Conference Paper FOREW ORD This Conference Paper on “M onetary Policies for an M D G -Related Scaling up of OD A to <span class="highlight">Com</span> bat H IV/AID S” was <span class="highlight">com</span> m issioned for the G lobal Conference on “G earing M acroeconom ic Policies to Reverse the H IV/AID S Financing”, which was held in Brasilia, 20-21 N ovem ber 2006. It is the second in a four-part series that contributes to the on-going debate on m acroeconom ic policies in low-incom e countries that restrict the scaling up of financial resources for
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http://www.undp-povertycentre.org/pub/IPCConferencePaper2.pdf#page=18
www.undp-povertycentre.org/pub/IPCConferencePaper2.pdf#page=18
16 Conference Paper The m ost intractable problem is not associated with the effects of scaling up aid inflows, but with their volatility. Volatility m ight have significant health effects since interruptions in H IV/AID S treatm ent can lead to stronger strains of the virus, and m ake treatm ent m ore <span class="highlight">com</span> plicated and expensive. In that respect, both the conventional m odel and the alternative m odel suggest that accum ulation of reserves m ight be a useful m echanism to avoid excessive
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