Does aid work?: report to an intergovernmental task force
The controversy surrounding the effectiveness or counter-productivity of foreign aid is one of the great issues facing the world today. The first edition arose from a study conducted by the World Bank and the International Monetary Fund, concerning the effectiveness of aid. Now in this thoroughly revised and updated second edition, Robert Cassen incorporates the research and debate in this area since 1986. He has updated the text and tables, added a section to each chapter reviewing recent findings, and removed some of the highly technical parts of the text, making this edition accessible to a wider audience of students approaching the topic for the first time as well as specialists in development economics. The analysis reveals that most aid succeeds in terms of its own objectives and obtains a reasonable rate of return. At the same time, the report analyzes the failings of aid projects, compares these failings with other forms of private and public investment, and proposes measures for improving aid effectiveness.
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THE MACROECONOMIC CONTRIBUTION OF AID
AID AND POVERTY
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achieve activities administrative agricultural aid agencies aid effectiveness aid programme aid projects areas balance of payments Bangladesh Bank's British capacity capital cent Colombia consultative group coordination costs developing countries Development Bank discussion donor countries donors and recipients effectiveness of aid efforts evaluation example experience export finance food aid foreign exchange French Fund grammes growth IBRD impact important improve increase India institutions Inter-American Development Bank investment Kenya lending loans major Malawi ment Ministry multilateral OECD official operations organisations Overseas Development Overseas Development Institute particular planning policy dialogue political poor poorest countries poverty priorities private sector problems production programme aid project aid public sector rates of return recipient countries reform regional requirements role South Korea studies sub-Saharan Africa success technical assistance personnel technical cooperation tion USAID Washington World Bank World Bank Group