Abstract:Last week at the United Nations, the MDG Africa Steering Group discussed the Gleneagles Scenario. The participants reiterated the need for scaled-up aid in order to support the attainment of the Millennium Development Goals (MDGs). At the same time, a report issued by the International Monetary Fund (IMF) assessed the macroeconomic implications of scaling-up aid in Benin, Niger and Togo. The report acknowledged that higher levels of aid will put moderate to sizable pressures on inflation and real exchange rates (IMF, 2008). (...)

Keywords:Macroeconomics, Scaling-Up, Aid, Kenya, Malawi, Zambia
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Type/Issue:One Pager/67

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