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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Economic Growth Center Discussion Paper ; No. 1015
- Classification
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Development Planning and Policy: General
Technological Change: Government Policy
Other Economic Systems: International Trade, Finance, Investment and Aid
- Subject
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Foreign aid
self-conditionality
program lending
new donors
Foreign aid
self-conditionality
program lending
new donors
- Event
-
Geistige Schöpfung
- (who)
-
Ranis, Gustav
- Event
-
Veröffentlichung
- (who)
-
Yale University, Economic Growth Center
- (where)
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New Haven, CT
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ranis, Gustav
- Yale University, Economic Growth Center
Time of origin
- 2012
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