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- W4377031496 abstract "Extract Developing countries experienced an unprecedented economic crisis after 2020 as a consequence of COVID-19, compounding the potentially existential threats they already faced from global climate change. These challenges have spurred development practitioners and policymakers to take a fresh look at budget support—a form of development financing that has evolved since the late 1940s and was fundamentally redefined in the early 2000s—as a way to provide fast-disbursing financing and incentivize policy reforms that lay the foundation for sustained recovery and growth in developing countries. Revisiting the rich experience with budget support over the past two decades, this book examines the potential for budget support to live up to its original promise as an efficient instrument to support reform and spur inclusive growth. Its six chapters address its strengths and perceived shortcomings and suggest critical changes that could enhance its effectiveness in the next decade. The book argues for a more prominent role for budget support to tackle the central challenges of the twenty-first century: supporting fiscal needs in the face of economic crises, laying the foundations for sustainable and inclusive growth to eliminate poverty, and providing a conducive investment climate to induce private development finance and to facilitate key measures to protect the global commons." @default.
- W4377031496 created "2023-05-19" @default.
- W4377031496 date "2023-04-20" @default.
- W4377031496 modified "2023-10-02" @default.
- W4377031496 title "Overview and Summary" @default.
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- W4377031496 doi "https://doi.org/10.1093/oso/9780192882196.002.0013" @default.
- W4377031496 hasPublicationYear "2023" @default.
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