METHODOLOGY AND FINDINGS OF EVALUATIONS OF NON-PROJECT FINANCIAL-AID

The objectives and importance of Norwegian balance of payments support offered mainly as commodity import support (CIS) is described and dis cussed. Six evaluations of Norwegian CIS has been reviewed in order to assess their methodology and findings, with particular emphasis on th eir treatment of the macroeconomic impact. Five of the studies did not consider macroeconomic impact, but looked at the specific objectives of the aid. With untied balance of payments support, however, macro as pects, linked to policy conditionality, become central to evaluation. The sixth study reviewed raises some interesting questions in this reg ard.