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The Fallout from the Financial Crisis (3): Will Aid Budgets Fall Victim to the Credit Crisis?

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  • Andrew Mold
  • Dilan Ölcer
  • Annalisa Prizon

Abstract

The 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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File URL: http://dx.doi.org/10.1787/228148833688
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Development Centre Policy Insights with number 85.

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Date of creation: Dec 2008
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Handle: RePEc:oec:devaac:85-en

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Cited by:
  1. Franklin Allen and Giorgia Giovannetti, 2010. "Fragile Countries And The 2008-2009 Crisis," EUI-RSCAS Working Papers 13, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
  2. Era Dabla-Norris & Camelia Minoiu & Luis-Felipe Zanna, 2010. "Business Cycle Fluctuations, Large Shocks, and Development Aid," IMF Working Papers 10/240, International Monetary Fund.
  3. Ronald U. Mendoza & Ryan Jones & Gabriel Vergara, 2009. "Will the global financial crisis lead to lower foreign aid? A first look at United States ODA," Fordham Economics Discussion Paper Series dp2009-01, Fordham University, Department of Economics.

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