CEU Electronic Theses and Dissertations, 2011
| Author | Zorigt, Orgilmaa |
|---|---|
| Title | Does Foreign Aid Make Least Developed Countries More Dependent on Aid Rather Than Independent? A study of IMF conditionality in Mongolia |
| Summary | The aid dependency undermines the quality of public service delivery, as well as the incentive to improve the budget management and sustain the fiscal deficit without resorting to the external financial aid. The paper reviews the aid effectiveness debate and focuses on the presence of policy as precondition for improving the performance of aid disbursement. Specifically, it focuses on the IMF macroeconomic policies and structural adjustment programs on the country case study and whether the externally imposed policies in form of conditionality reduce the national ownership of programs. The paper concludes that the IMF conditionality does indeed reduce the government ownership of IMF-supported programs. Nevertheless, there is a trend in increasing the program ownership after the IMF reformed the delivery of concessional loans through streamlined and flexible conditionality. However, in the absence of political will to “own” the programs and move forward to improving the quality of economic governance, the underdeveloped countries will remain dependent on the foreign aid. |
| Supervisor | Bodenstein, Thilo Daniel |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2011/zorigt_orgilmaa.pdf |
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