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Reforming the International Financial System for Effective Aid Delivery

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  • Sylvanus I. Ikhide

Abstract

The role of the multilateral aid agencies in the delivery of aid is as old as the debate on the role of aid in economic development. Aid is effective in a good policy environment. However, effective aid delivery is equally important. This is why the need to reform the institutions involved in the process of delivering aid is crucial. Among others, the paper concluded that there is a need for redefining the roles and the establishment of a well articulated network among the various institutions involved in the aid process. More importantly, given the different actors and motives at play in the transfer of resources to recipient countries, the role of a supranational institution to coordinate and give direction is indispensable.

Suggested Citation

  • Sylvanus I. Ikhide, 2004. "Reforming the International Financial System for Effective Aid Delivery," The World Economy, Wiley Blackwell, vol. 27(2), pages 127-152, February.
    • Handle: RePEc:bla:worlde:v:27:y:2004:i:2:p:127-152
    DOI: 10.1111/j.1467-9701.2004.00593.x
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    References listed on IDEAS

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    1. Kanbur, Ravi & Sandler, Todd & Morrison, Kevin, 1999. "The Future of Development Assistance: Common Pools and International Public Goods," Staff General Research Papers Archive 1629, Iowa State University, Department of Economics.
    2. Collier, Paul & Gunning, Jan Willem, 1999. "The IMF's Role in Structural Adjustment," Economic Journal, Royal Economic Society, vol. 109(459), pages 634-651, November.
    3. Morris Goldstein (ed.), 1999. "Safeguarding Prosperity in a Global Financial System: The Future International Financial Architecture," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 50, April.
    4. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808, Decembrie.
    5. repec:fth:oxesaf:99-18 is not listed on IDEAS
    6. Rodrik, Dani, 1995. "Why is there Multilateral Lending?," CEPR Discussion Papers 1207, C.E.P.R. Discussion Papers.
    7. Kanbur, Ravi & Sandler, Todd & Morrison, Kevin, 1999. "A Radical Approach to Development Assistance," Staff General Research Papers Archive 1662, Iowa State University, Department of Economics.
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    Cited by:

    1. Rasmane Ouedraogo & Windemanegda Sandrine Sourouema & Hamidou Sawadogo, 2021. "Aid, growth and institutions in Sub‐Saharan Africa: New insights using a multiple growth regime approach," The World Economy, Wiley Blackwell, vol. 44(1), pages 107-142, January.

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