Managing the Exchange Rate Consequences of an MDG-Related Scale-up in HIV/AIDS Financing
This Conference Paper by John Serieux was presented at the ?Global Conference on Gearing Macroeconomic Policies to Reverse the HIV/AIDS Epidemic?, jointly organized by UNDP?s HIV/AIDS Group and IPC and held in Brasilia, November 2006. It is part of an IPC-supported Research Programme on ?Macroeconomic Policies to Combat HIV/AIDS?. The paper argues that any adverse macroeconomic effects of a large scaling up of HIV/AIDS financing can be prevented by proper exchange-rate management, including frontloading aid, building up a modest stock of foreign exchange reserves and refraining from over-reacting to initial moderate increases in inflation and the value of the exchange rate.
|Date of creation:||Mar 2007|
|Date of revision:|
|Publication status:||Published by UNDP - International Poverty Centre, March 2007, pages 1-45|
|Contact details of provider:|| Web page: http://www.ipc-undp.org|
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