Managing the Exchange Rate Consequences of an MDG-Related Scale-Up in HIV/AIDS Financing

John E. Serieux

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International Development and Aid Global Financial Crisis and Policies HIV/AIDS Impact and Responses

Abstract

The projected increases in aid for HIV/AIDS-related initiatives, combined with aid directed at achieving other Millennium Development Goals (MDGs), is likely to mean a rapid scale-up in development assistance for many countries currently experiencing high HIV/AIDS infection rates. The prospect of this potentially rapid scale-up elicits a sense of trepidation in many of these countries because it portends the possibility of macroeconomic instability and/or Dutch Disease effects that may undermine growth.

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2001Foreign Aid and the Business Cycle 2005What Undermines Aid's Impact on Growth?2006Aid and the Supply Side: Public Investment, Export Performance, and Dutch Disease in Low-Income Countries 2000Exchange rate management and manufactured exports in Sub-Saharan Africa 1998Foreign aid and economic performance in Tanzania 2006Risking death for survival: Peasant responses to hunger and HIV/AIDS in Malawi 2004Aid and the Dutch Disease in Low-Income Countries 1999External aid: help or hindrance to export orientation in Africa?

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