Achieving the Millennium Development Goals in Sub-Saharan Africa: a macroeconomic monitoring framework

Achieving the Millennium Development Goals in Sub-Saharan Africa: a macroeconomic monitoring framework

Washington, DC (USA) IBRD 2005

English

39 p.

S2186 22 No.3750

MON-038085

The authors present an integrated macroeconomic approach to monitoring progress toward achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa. At the heart of their approach is a macroeconomic model that captures key linkages between foreign aid, public investment (disaggregated into education, infrastructure, and health), the supply side, and poverty. The model is linked through cross-section regressions to indicators of malnutrition, infant mortality, life expectancy, and access to safe water. A composite MDG indicator is also calculated. The functioning of the framework is illustrated by simulating the impact of an increase in aid and a debt write-off for Niger at the MDG horizon of 2015, under alternative assumptions about the degree of efficiency of public investment. The authors ' approach can serve as the building block of Strategy Papers for Human Development (SPAHD), a more encompassing concept than the current " Poverty Reduction " Strategy Papers.

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