Supporting effective aid : a framework for future concessional funding of multilateral development banks / Stephen Eccles and Catherine Gwin.

Format:

Book

Author/Creator:

Eccles, Stephen.

Contributor:

Gwin, Catherine.

Series:

Policy essay ; no. 23.

Policy essay ; no. 23

Language:

English

Subjects (All):

Development banks.

Economic assistance.

Physical Description:

xvi, 99 pages ; 23 cm.

Place of Publication:

Washington, DC : Overseas Development Council ; Baltimore, MD : distributed by the John Hopkins University Press, [1999]

Summary:

Powerful global trends demand a wholesale rethinking of the system of international development assistance. A key issue is the future of concessional aid provided by multilateral development banks. What should be the future role of MDB concessional aid? And what is needed to maintain donor countries' support?

In a rapidly changing global environment there is still a strong case for maintaining MDB concessional aid. But that case only holds, provided a new approach is taken which adapts the roles of MDB aid to development lessons of the recent past and changing global conditions -- and does so in a way that improves aid's effectiveness.

This study argues that without these conditions, continued donor country support cannot and should not be expected. The study lays out a new "framework" for future decision-making of MDB funding, based on: (1) a new performance-based approach to aid allocations among countries: (2) an expansion of MDB investments in regional and global problem solving; (3) the resolution of specific operational issues that stand in the way of greater effectiveness in delivery of aid; and (4) changes in the burden-sharing and governance arrangements of individual MDBs.

Notes:

Includes bibliographical references (pages 93-96).

ISBN:

1565170288

OCLC:

40516710