Testing The Impact Of Foreign Aid And Aid Uncertainty On Private Investment In West Africa

The paper examines the impact of foreign aid on private investment in West Africa and whether multilateral and bilateral aid affects private investment differently.
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Implementing The Fiscal Responsibility Act At The State Level In Nigeria

Fiscal responsibility acts have become increasingly common tools to enhance fiscal prudence and public expenditure transparency in many countries. In Nigeria, fiscal profligacy at the sub-national level has emerged as a major contributor to state corruption and macroeconomic instability.
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Foreign Aid And The Real Exchange Rate In The West African Economic And Monetary Union

This paper examines the relationship between foreign aid and the real exchange rate to determine how the competitiveness of the West African Economic and Monetary Union (WAEMU) is affected by foreign aid.
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Should Nigeria Establish A Sovereign Wealth Fund?

This paper explores the issues relating to the establishment of a Sovereign WealthFund (SWF) in Nigeria consistent with best practices. Experience with established SWFssuggests that successful oil- based funds tend to be underpinned by a sound oil revenuemanagement framework. The paper thus discusses the underlying issues of oil revenuemanagement, the policy choices and SWF implementation issues.
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Issues In Fiscal Policy Management Under The Economic Reforms

This paper was produced as part of a larger project which was jointly financed by the UKDepartment for International Development in Nigeria (through its Policy and Knowledge facility)and the Research Committee of the World Bank.
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