There is also no clear picture emerging that donors have moved towards targeting aid better for countries with better policies and institutions, and away from imposing excessive transaction costs on recipients, thereby impairing efficiency. The efforts put by the IMF together with the World Bank towards poverty reduction, debt sustainability and achieving Millennium Development Goals (MDGs) are commendable.
We appreciate the emphasis on efficient use of available resources, providing cushions for exogenous shocks, expanding the institutional capacity, managing additional resources, and chalking out pragmatic and effective debt restructuring mechanism.