Another Look at Foreign Aid
| dc.creator | Ranis, Gustav | |
| dc.date | 2017-04-01T14:55:57Z | |
| dc.date.accessioned | 2026-07-09T06:29:45Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.133408 | |
| dc.identifier | https://ageconsearch.umn.edu/record/133408/files/cdp1015.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/133408 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/577265 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/133408 | |
| dc.title | Another Look at Foreign Aid | |
| dc.type | Text |