Assessing Aid

Assessing Aid
Author:
Publisher: World Bank Publications
Total Pages: 164
Release: 1998
Genre: Political Science
ISBN: 9780195211238

Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.

Dead Aid

Dead Aid
Author: Dambisa Moyo
Publisher: Macmillan
Total Pages: 209
Release: 2009-03-17
Genre: Business & Economics
ISBN: 0374139563

Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.

Economic Alternatives for Growth, Employment and Poverty Reduction

Economic Alternatives for Growth, Employment and Poverty Reduction
Author: T. McKinley
Publisher: Springer
Total Pages: 311
Release: 2009-09-29
Genre: Business & Economics
ISBN: 0230250637

This book is a collection of working papers, policy briefs and training modules, published by the International Poverty Centre in Brazil, which provides a comprehensives set of recommendations for alternative economic policies that can generate growth, employment and poverty reduction in developing countries.

What Does Aid Do to Fiscal Policy? New Evidence

What Does Aid Do to Fiscal Policy? New Evidence
Author: Jean-Louis Combes
Publisher: International Monetary Fund
Total Pages: 32
Release: 2016-09-23
Genre: Business & Economics
ISBN: 1475540388

Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. This paper revisits fiscal effects of shifts in aid dependency in 59 developing countries from 1960 to 2010. It identifies structural shifts in aid dependency: upward shifts (structural increases in aid inflows) and downward shifts (structural decreases in aid inflows). These shifts are treated as shocks in aid dependency and treatment effect methods are used to assess the fiscal effects of aid. It finds that shifts in aid dependency are frequent and have significant fiscal effects. In addition to traditional evidence of tax displacement and “aid illusion,” we show that upward shifts and downward shifts in aid dependency have asymmetric effects on the fiscal accounts. Large aid inflows undermine tax capacity and public investment while large reductions in aid inflows tend to keep recipients’ tax and expenditure ratios unchanged. Moreover, the tax displacement effects tend to be temporary while the impact on expenditure items are persistent. Finally, we find that the undesirable fiscal effects of aid are more pronounced in countries with low governance scores and low absorptive capacity, as well as those with IMF-supported programs.

Macroeconomic Policies and Poverty

Macroeconomic Policies and Poverty
Author: Ashoka Mody
Publisher: Routledge
Total Pages: 494
Release: 2004-08-02
Genre: Business & Economics
ISBN: 1135994579

In this volume, world-renowned contributors, including Martin Ravallion, Michael Kremer and Robert Townsend, deal with the institutional characteristics of poverty resulting from the time pattern of aid, the nature of financial systems and the political economy of budgetary decisions. Going beyond the traditional literature on poverty, this original book deals with themes of broad interest to both scholars and policymakers in a clear yet technically sophisticated manner. Departing from conventional methods employed in poverty studies, these innovative essays enquire into the institutional characteristics of poverty, and using current case studies, they examine the crucial idea that periods of crises seriously affect poverty.

Making Aid Work

Making Aid Work
Author: Abhijit Vinayak Banerjee
Publisher: MIT Press
Total Pages: 74
Release: 2007-03-23
Genre: Business & Economics
ISBN: 0262260395

An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.

Financing Social Policy

Financing Social Policy
Author: Katja Hujo
Publisher: Springer
Total Pages: 391
Release: 2009-10-09
Genre: Business & Economics
ISBN: 0230244335

Moving beyond the 'post-Washington consensus', this book shifts the focus of development policy debates away from expenditures and austerity and towards revenues and resources. The book explores the potential and the developmental impact of different categories of resources for financing social policy in a development context.

Macroeconomic Challenges of Scaling Up Aid to Africa

Macroeconomic Challenges of Scaling Up Aid to Africa
Author: Yongzheng Yang
Publisher: International Monetary Fund
Total Pages: 84
Release: 2006-03-20
Genre: Business & Economics
ISBN: 9781589065055

Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.

Does Foreign Aid Really Work?

Does Foreign Aid Really Work?
Author: Roger C. Riddell
Publisher: Oxford University Press
Total Pages: 531
Release: 2008-08-07
Genre: Business & Economics
ISBN: 0199544468

Provided for over 60 years, and expanding more rapidly today than it has for a generation, foreign aid is now a $100bn business. But does it work? Indeed, is it needed at all? In this first-ever, overall assessment of aid, Roger Riddell provides a rigorous but highly readable account of aid, warts and all.