Financing for Development: The Gap between Words and Deeds since Monterrey
AbstractThe Monterrey Consensus agreed at the UN summit on Financing for Development in 2002 promised a breakthrough in terms of donor generosity, aid effectiveness and new means of financing. However, the development orientation of world leaders proved to be short-lived. This is even though our evaluation reveals progress since Monterrey in some areas, notably debt relief and private (FDI) flows. Calls for substantially scaling up regular aid had little effect, and financial innovations contributed only marginally to overall development financing so far. There is not much progress either from the perspective of critics focusing on the quality of aid. In particular, we find that the targeting of aid according to need and merit leaves much to be desired. The gap between words and deeds continues to be wide with regard to aid proliferation and donor coordination, too
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Overseas Development Institute in its journal Development Policy Review.
Volume (Year): 31 (2013)
Issue (Month): 1 (01)
Contact details of provider:
Postal: 111 Westminster Bridge Road, London SE1 7JD
Phone: +44 (0)20 7922 0300
Fax: +44 (0)20 7922 0399
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-6764
More information through EDIRC
Other versions of this item:
- Peter Nunnenkamp & Rainer Thiele, 2011. "Financing for Development: The Gap between Words and Deeds since Monterrey," Kiel Working Papers 1691, Kiel Institute for the World Economy.
- F35 - International Economics - - International Finance - - - Foreign Aid
- F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Mayer-Foulkes & Peter Nunnenkamp, 2005.
"Do Multinational Enterprises Contribute to Convergence or Divergence? A Disaggregated Analysis of US FDI,"
DEGIT Conference Papers
c010_045, DEGIT, Dynamics, Economic Growth, and International Trade.
- David Mayer-Foulkes & Peter Nunnenkamp, 2005. "Do Multinational Enterprises Contribute to Convergence or Divergence? A Disaggregated Analysis of US FDI," Kiel Working Papers 1242, Kiel Institute for the World Economy.
- Hannes Öhler & Peter Nunnenkamp & Axel Dreher, 2011.
"Does Conditionality Work? A Test for an Innovative US Aid Scheme,"
CESifo Working Paper Series
3454, CESifo Group Munich.
- Öhler, Hannes & Nunnenkamp, Peter & Dreher, Axel, 2012. "Does conditionality work? A test for an innovative US aid scheme," European Economic Review, Elsevier, vol. 56(1), pages 138-153.
- Hannes Öhler & Peter Nunnenkamp & Axel Dreher, 2010. "Does Conditionality Work? A Test for an Innovative US Aid Scheme," Kiel Working Papers 1630, Kiel Institute for the World Economy.
- Öhler, Hannes & Nunnenkamp, Peter & Dreher, Axel, 2010. "Does conditionality work? A test for an innovative US aid scheme," Center for European, Governance and Economic Development Research Discussion Papers 103, University of Goettingen, Department of Economics.
- Hannes Öhler & Peter Nunnenkamp & Axel Dreher, 2010. "Does Conditionality Work? A Test for an Innovative US Aid Scheme," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 34, Courant Research Centre PEG.
- Carl-Johan Dalgaard & Henrik Hansen & Finn Tarp, 2004.
"On The Empirics of Foreign Aid and Growth,"
Royal Economic Society, vol. 114(496), pages F191-F216, 06.
- Peter Nunnenkamp & Hannes Öhler & Rainer Thiele, 2013.
"Donor coordination and specialization: did the Paris Declaration make a difference?,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer, vol. 149(3), pages 537-563, September.
- Peter Nunnenkamp & Hannes Öhler & Rainer Thiele, 2011. "Donor Coordination and Specialization: Did the Paris Declaration Make a Difference?," Kiel Working Papers 1748, Kiel Institute for the World Economy.
- Philipp Hühne & Birgit Meyer & Peter Nunnenkamp, 2013. "Who Benefits from Aid for Trade? Comparing the Effects on Recipient versus Donor Exports," Kiel Working Papers 1852, Kiel Institute for the World Economy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.