Foreign Aid Debt And Growth In Zambia PDF Download
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Author | : Per-Åke Andersson |
Publisher | : Nordic Africa Institute |
Total Pages | : 144 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : 9789171064622 |
Download Foreign Aid, Debt, and Growth in Zambia Book in PDF, ePub and Kindle
A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.
Author | : Jones Bowa |
Publisher | : GRIN Verlag |
Total Pages | : 64 |
Release | : 2020-09-29 |
Genre | : Business & Economics |
ISBN | : 3346257096 |
Download Foreign aid and government fiscal behavior in Zambia Book in PDF, ePub and Kindle
Master's Thesis from the year 2016 in the subject Economics - Case Scenarios, grade: Great Distinction, University of Antwerp (Institute of Development Policy and Management (IOB)), language: English, abstract: The paper investigates the relationship between foreign aid and government fiscal behavior. An overview of the global trend of foreign aid flows over the last few decades is provided, as well as literature and research on fiscal response studies that have aimed to examine how these aid flows influence the fiscal decisions of aid recipient governments. The paper assesses the impact of foreign aid flows on fiscal aggregates, taking into focus the case of Zambia. In particular, the paper goes into detail examining how government investment, consumption, revenue, and domestic borrowing are associated with both aggregated and disaggregated aid. The paper adopts a quantitative approach in its analysis. A Vector Error Correction approach was used to estimate the relationship between foreign aid and fiscal aggregates data for Zambia over the period 1970-2014. The econometric estimation used annual data and analyzed both short-run and long-run effects. The following were the findings: Foreign aid flows were found to be positively associated with government investment, consumption, and domestic borrowing. While government revenue was negatively associated with foreign aid. In the short-run, it was observed that grants were used to reduce the level of the country’s domestic debt stock. Whereas, net foreign loans were seen as a substitute for domestic revenues and were used to finance the budget deficit. The paper concluded by providing a number of recommendations that suggested improvement in government’s revenue mobilization efforts, effective management of the country’s domestic debt, and the deliberate action to direct revenue resources towards investment expenditure. In order to achieve sustained growth and ensure the effective use of aid, donor partners were recognized as important actors in supporting the government’s fiscal policy direction. There has been high momentum in the scaling up of foreign aid in recent years. The turn of the millennium saw calls by the development community to increase foreign aid to developing countries so as to assist them in attaining the Millennium Development Goals. The mechanisms through which foreign aid flows are transmitted to recipient countries require that the aid resources are channeled through the government. Thus, for foreign aid to have any meaningful impact is highly dependent on how governments respond to inflows of aid.
Author | : Daniel Tonga |
Publisher | : GRIN Verlag |
Total Pages | : 85 |
Release | : 2020-01-23 |
Genre | : Business & Economics |
ISBN | : 3346101975 |
Download The Effect of Foreign Aid in Promoting Economic Growth in Zambia (1986 - 2018) Book in PDF, ePub and Kindle
Master's Thesis from the year 2019 in the subject Economics - Case Scenarios, University of Lusaka (University of Lusaka UNILUS), course: Economics and Finance, language: English, abstract: This research study has analyzed the effects of foreign aid in promoting economic growth in Zambia. The study used available data in Zambia from 1986 – 2018. The study adopted the ARDL model for investigating the short and long time relationship between foreign aid and Gross Domestic Product GDP. The hypothesis of foreign aid having an effect on economic growth was explored and examined. This study sought to archive the following objectives: To establish whether there is a connection between foreign aid and economic growth in Zambia and determine whether foreign aid significantly contributed to Zambia’s economic growth in the period under review. For policy implications, this study also analyzed the determinant of economic growth in Zambia over the same period. The results clearly revealed a positive relationship between foreign aid and Zambia’s economic growth in a given period that was under investigation. The findings in this study affirm that foreign aid may be important in promoting economic growth. This study also asserts that foreign aid may be effective in improving the quality and lives of people if used effectively. Thus, the outcome of this study recommends that foreign aid be directed towards the promotion of investment because its proper use can promote and boots the country’s economic growth. For policy implications, this study also found that independent variables such as Foreign Direct Investment FDI, Population Growth, Government Expenditure and Consumer Price Index as important and determinants of economic growth in Zambia over the same period. Thus, this study found that important drivers of economic growth included foreign aid inflow, population growth, investment whilst government expenditure and inflation affected GDP negatively, thus their impact was insignificant and negligible. This study furthers found efficiency and effectiveness of programs by government supported by foreign aid being effective to promote growth, hence, the reason why it is important for traditional donors to support government in many sectors.
Author | : David Kwakye |
Publisher | : |
Total Pages | : 62 |
Release | : 2006 |
Genre | : Africa |
ISBN | : |
Download Foreign Aid, Debt and Growth in Africa Book in PDF, ePub and Kindle
Author | : Yongzheng Yang |
Publisher | : International Monetary Fund |
Total Pages | : 84 |
Release | : 2006-03-20 |
Genre | : Business & Economics |
ISBN | : 9781589065055 |
Download Macroeconomic Challenges of Scaling Up Aid to Africa Book in PDF, ePub and Kindle
Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.
Author | : Catharine Hill |
Publisher | : Harvard Kennedy School |
Total Pages | : 596 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |
Download Promoting and Sustaining Economic Reform in Zambia Book in PDF, ePub and Kindle
This collection of essays examines Zambia's efforts to promote economic reform during the 1990s. These essays describe the adjustment program, highlighting the attempts to reform the budget, the tax system, the financial system, agriculture and mining, and to create the human capacity to sustain the reforms.
Author | : Jack Jones Zulu |
Publisher | : |
Total Pages | : 30 |
Release | : 2003 |
Genre | : Debts, External |
ISBN | : |
Download Impact of External Debt on Zambia's Sustainable Development Book in PDF, ePub and Kindle
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 73 |
Release | : 2006-07-19 |
Genre | : Business & Economics |
ISBN | : 1451841299 |
Download Zambia Book in PDF, ePub and Kindle
Zambia has achieved robust economic growth over the years, and poverty has begun to trend downward under the Poverty Reduction and Growth Facility Arrangement. Prudent fiscal policy has reduced the domestic financing need and facilitated the implementation of a firmer monetary policy. Executive Directors agreed that the relief under the economic program and the Multilateral Debt Relief Initiative has reduced its external debt, and its economic fundamentals have helped in gaining market confidence. They advised the authorities to maintain macroeconomic stabilization and stressed the need to accelerate structural reform.
Author | : Kelechi A. Kalu |
Publisher | : Routledge |
Total Pages | : 289 |
Release | : 2021-08-15 |
Genre | : Political Science |
ISBN | : 1000417999 |
Download Foreign Aid and Development in South Korea and Africa Book in PDF, ePub and Kindle
This book compares the rapid development of South Korea over the past 70 years with selected countries in sub-Saharan Africa to assess what factors contributed to the country’s success story, and why it is that countries that were comparable in the past continue to experience challenges in achieving and sustaining economic growth. In the 1950s, South Korea’s GDP per capita was $876, roughly comparable with that of Cote d’Ivoire and somewhat below Ghana’s. The country’s subsequent transformation from a war-ravaged, international aid-dependent economy to the 13th largest economy in the world has been the focus of considerable international admiration and attention. But how was it that South Korea succeeded in multiplying its GDP per capita by a factor of 23, while other Less Developed Countries continue to experience challenges? This book compares South Korea’s politics of development and foreign assistance with that of Ghana, Nigeria, and Zambia, which were also major recipients of the U.S. aid, to investigate the specific contexts that made it possible for South Korea to achieve success. Overall, this book argues that effective state capacity in South Korea’s domestic and international politics provided an anchor for diplomatic engagement with donors and guided domestic political actors in the effective use of aid for economic development. This book will be of interest to researchers and students working on development, comparative political economy, and foreign aid, and to policy makers and practitioners looking for a greater understanding of comparative development trajectories.
Author | : Arne Bigsten |
Publisher | : |
Total Pages | : 28 |
Release | : 2001 |
Genre | : Debt relief |
ISBN | : |
Download Debt Relief and Growth Book in PDF, ePub and Kindle