Gérard CHAMBAS () (Centre d'Etudes et de Recherches sur le Développement International) Patrick GUILLAUMONT () (Centre d'Etudes et de Recherches sur le Développement International) Sylviane GUILLAUMONT JEANNENEY () (Centre d'Etudes et de Recherches sur le Développement International) Christopher ADAM () (Université Oxford) Jan Willem GUNNING () (Université libre Amsterdam)
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For several years, the conditionality underpinning budgetary support to developing countries has been the object of severe criticism. This criticism has led to the belief that the “ownership of policies” by the recipient country governments is essential for the effective implementation of economic reform programmes. To this end, it has been suggested that traditional conditionality based on policy measures be replaced by a conditionality in which aid is based on performance outcomes. In this spirit, the European Commission has reformed its adjustment aid. The present article provides an assessment of this experiment based on the experiences in Benin, Burkina Faso, Madagascar and Uganda. It demonstrates the danger of a shift towards intermediate indicators, which are too distant from the final impact of the policies, and suggests several improvements to implement genuine performance-based conditionality.
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Publisher Info
Paper provided by CERDI in its series Working Papers with number
200229.
Length: 33 Date of creation: 2002 Date of revision: Handle: RePEc:cdi:wpaper:462
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