Arbeitspapier

Another look at foreign aid

The discussion of the effectiveness of foreign aid has reached a high pitch. This paper assesses the sorry past and present key arguments for a potentially more effective and sustainable method of aid delivery. A key ingredient is to shake off the vestiges of structural adjustment and move towards true recipient country ownership complete with 'self-conditionality' with aid recipients formulating their own reform packages. This means donors become much more passive, act like a bank and respond to proposals which concentrate on a few critical areas over a three to five-year period. Policy-based program lending should respond to packages put together by the main domestic stakeholders with the help, if necessary, of independent third parties. There should be no compulsion to lend; indeed, an aid hiatus is an indication that the new system is effective. What is required is for donors to stop using aid as a short-term foreign policy tool and for recipients to accept the notion that aid provides the opportunity to reduce the inevitable adjustment pains caused by real reforms.

Sprache
Englisch

Erschienen in
Series: Economic Growth Center Discussion Paper ; No. 1015

Klassifikation
Wirtschaft
Macroeconomic Analyses of Economic Development
Development Planning and Policy: General
Technological Change: Government Policy
Other Economic Systems: International Trade, Finance, Investment and Aid
Thema
Foreign aid
self-conditionality
program lending
new donors
Foreign aid
self-conditionality
program lending
new donors

Ereignis
Geistige Schöpfung
(wer)
Ranis, Gustav
Ereignis
Veröffentlichung
(wer)
Yale University, Economic Growth Center
(wo)
New Haven, CT
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Ranis, Gustav
  • Yale University, Economic Growth Center

Entstanden

  • 2012

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