World Economic and Financial Surveys

Global Monitoring Report, 2006: Strengthening Mutual Accountability: Aid, Trade, and Governance

May 18, 2006

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International Monetary Fund. Global Monitoring Report, 2006: Strengthening Mutual Accountability: Aid, Trade, and Governance, (USA: International Monetary Fund, 2006) accessed November 21, 2024, https://doi.org/10.5089/9780821364772.083

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Summary

This third edition of the Global Monitoring Report examines the commitments and actions of donors, international financial institutions, and developing countries to implement the Millennium Declaration, signed by 189 countries in 2000. Many countries are off track to meet the Millennium Development Goals, particularly in Africa and South Asia, but new evidence is emerging that higher-quality aid and a better policy environment are accelerating progress in some countries, and that the benefits of this progress are reaching poor families. This report takes a closer look at the donors' 2005 commitments to aid and debt relief, and argues that rigorous, sustained monitoring is needed to ensure that they are met and deliver results, and to prevent the cycle of accumulating unsustainable debt from repeating itself. International financial institutions need to focus on development outcomes rather than inputs, and strengthen their capacity to manage for results in developing countries.

Subject: Asset and liability management, Corruption, Crime, Debt Relief, Education, Health, Infrastructure, National accounts, Public financial management (PFM)

Keywords: Africa, Caribbean, Corruption, Country, Country system, Debt relief, East Asia, Global, Governance indicator, Governance system, Infrastructure, Investment climate, Low-income country, Middle-income country, MISC, MISC RPT, Private sector, South Asia, State, State party, Sub-Saharan Africa

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