Ideas to Action:

Independent research for global prosperity

Seminar

Making Fiscal Space Happen: Managing Fiscal Policy in a World of Scaled-Up Aid

Thursday, October 12, 2006 - 1:00pm to 3:00pm

Debt relief and the scaling up of aid to low-income countries should allow for increased fiscal space for expenditure programs to spur long-term growth and reduce poverty. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence raises many challenges.

Peter Heller, Deputy Director, Fiscal Affairs Division, International Monetary Fund, discussed his paper, Making Fiscal Space Happen: Managing Fiscal Policy in a World of Scaled-Up Aid, which was co-authored with Menachem Katz, Xavier Debrun, Theo Thomas, Taline Koranchelian, and Isabell Adenauer. Steve Radelet, Senior Fellow, Center for Global Development, served as a discussant and David Goldsbrough, Visiting Fellow, Center for Global Development, moderated the discussion.

 Download paper (pdf, 343KB)