01872cas a2200277 a 4500 AALejournalIMF005406 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870954 1018-5941 BD-DhAAL BD-DhAAL Martijn, Jan. The Spending and Absorption of Aid in PRGF Supported Programs / Jan Martijn, Markus Berndt, Abu Shonchoy, Paolo Dudine. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (44 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 This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow countries to use most or almost all increases in aid within a few years. The paper finds some evidence that the programmed absorption of aid is higher in countries where reserve coverage is above a certain threshold, whereas programmed spending does not seem to depend on inflation. Finally, it shows that the presence of a PRGFsupported program does not constrain the actual spending and absorption of aid. Mode of access: Internet Berndt, Markus. Dudine, Paolo. Shonchoy, Abu. IMF Working Papers; Working Paper ; No. 2008/237 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/237/001.2008.issue-237-en.xml IMF e-Library