Macroeconomic challenges of scaling up aid to Africa : a checklist for practitioners

The macroeconomic effects of scaling up aid -- Managing the real exchange rate -- Using monetary policy for sterilization and inflation management -- Mobilizing adequate domestic revenues -- Projecting the impact of increased aid on economic growth -- Meeting other fiscal challenges -- Strengthening governance -- Maintaining debt sustainability -- Summary: five primary guidelines -- Appendix 1. The relationship between aid flows and exchange rates in Sub-Saharan Africa -- Appendix 2. The macroeconomics of aid