The Fallout from the Financial Crisis (3): Will Aid Budgets Fall Victim to the Credit Crisis?
AbstractThe financial crisis should give a new impetus to governments’ efforts to improve aid effectiveness. Over the last few months, the governments of OECD countries have pledged trillions of dollars in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop up the global financial system. In comparison, annual aid flows, currently standing at around $100 billion, are just “a drop in the ocean”, in the words of Robert Zoellick, President of the World Bank.
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Bibliographic InfoPaper provided by OECD Publishing in its series OECD Development Centre Policy Insights with number 85.
Date of creation: Dec 2008
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