02179cas a2200277 a 4500 AALejournalIMF004593 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865301 1018-5941 BD-DhAAL BD-DhAAL Debrun, Xavier. Making Fiscal Space Happen : Managing Fiscal Policy in a World of Scaled-Up Aid / Xavier Debrun, Peter Heller, Theo Thomas, Menachem Katz. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (53 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. 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 confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and countries are to facilitate the implementation of a higher level of aid-financed spending programs. Mode of access: Internet Heller, Peter. Katz, Menachem. Thomas, Theo. IMF Working Papers; Working Paper ; No. 2006/270 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/270/001.2006.issue-270-en.xml IMF e-Library