Previous research has produced theoretical and empirical evidence that countries emerging out of conflicts experience certain structural shifts that affect aid effectiveness and fiscal policy as well as exchange rate and monetary policy. This study will build on the existing research body and will attempt to formulate a coherent macroeconomic policy agenda for conflict and post-conflict states, integrating these disparate effects. The overall study is based on seven case studies of conflict/post-conflict countries and six thematic studies. The Sri Lankan case study will be prepared by the IPS and will examine the Sri Lankan macroeconomic situation in the context of conflict, thereby feeding into the overall study. The other case studies are: Bosnia, Colombia, Lebanon, Mozambique, Rwanda, and Sudan.