Abstract
This is a survey paper on aid effectiveness in terms of the contribution of development assistance to economic growth and poverty reduction. The article focuses primarily on the most recent generation of cross-country studies. It concludes that there is a set of broad areas where the evidence reviewed shows signs of convergence that have direct relevance for policy decisions on aid and for aid-effectiveness discussions. These areas are: aid levels (meaning if the level of aid is too low or too high); domestic political institutions (including political stability and the extent of decentralisation); the composition of aid (including sectors, modalities, objectives and time horizons); and the volatility and fragmentation of aid. We also identify two areas where there is little sign of convergence in the evidence: the importance or otherwise of 'good', meaning orthodox macroeconomic policies and whether grants are more effective than loans.
| Original language | English |
|---|---|
| Pages (from-to) | 201-211 |
| Number of pages | 11 |
| Journal | Global Policy |
| Volume | 6 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Sept 2015 |
