IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v16y2004i6p887-895.html
   My bibliography  Save this article

The International Finance Facility-reaching the MDGS without spending more?

Author

Listed:
  • Karen Moore

    (Chronic Poverty Research Centre and Institute for Development Policy and Management, University of Manchester, UK)

  • David Hulme

    (Chronic Poverty Research Centre and Institute for Development Policy and Management, University of Manchester, UK)

Abstract

This paper comprises a brief review of current debates around the potential benefits and drawbacks of the proposed International Finance Facility (IFF). The IFF's main strength is clear: it recognizes the urgent need for significantly larger and more predictable aid flows, and suggests a financial mechanism able to deliver such flows within existing political constraints. However, several aspects of the proposal have the potential to exacerbate current aid ineffectiveness and inequality in both the short and longer term. These factors include the IFF's governance structure; the 'extra layer' of conditionality added by the IFF; the potential sharp decline in aid flows after the IFF's initial phase; and the detraction of attention from other important global agendas. More work on developing innovative mechanisms to deliver social protection and basic services to poorly-governed or conflict-ridden areas is required, as are more courageous actions on the part of the UK and other rich countries. Otherwise, the IFF could mean mortgaging the future well-being of 900 million hard-to-reach poor people in order to achieve-or come closer to achieving-the MDGs today. Copyright © 2004 John Wiley & Sons, Ltd.

Suggested Citation

  • Karen Moore & David Hulme, 2004. "The International Finance Facility-reaching the MDGS without spending more?," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 887-895.
    • Handle: RePEc:wly:jintdv:v:16:y:2004:i:6:p:887-895
    DOI: 10.1002/jid.1133
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/jid.1133
    File Function: Link to full text; subscription required
    Download Restriction: no
    File URL: https://libkey.io/10.1002/jid.1133?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tony Killick, 2004. "Politics, Evidence and the New Aid Agenda," Development Policy Review, Overseas Development Institute, vol. 22(1), pages 5-29, January.
    2. HM Treasury, 2004. "The International Finance Facility," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 865-878.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tony Addison & George Mavrotas & Mark McGillivray, 2005. "Aid to Africa: an unfinished agenda," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(8), pages 989-1001.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jac C. Heckelman & Stephen Knack, 2008. "Foreign Aid and Market‐Liberalizing Reform," Economica, London School of Economics and Political Science, vol. 75(299), pages 524-548, August.
    2. Mehadi Mamun, 2021. "The Impact of Foreign Aid Conditionality on Poverty Alleviation in Bangladesh: A Recipient’s Perspective," Business and Economic Research, Macrothink Institute, vol. 11(3), pages 151-161, December.
    3. Till Bärnighausen & David E. Bloom, 2008. "Designing financial-incentive programmes for return of medical service in underserved areas of sub-Saharan Africa," PGDA Working Papers 3708, Program on the Global Demography of Aging.
    4. Matthew Lockwood, 2005. "Will a Marshall Plan for Africa make poverty history?," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(6), pages 775-789.
    5. James Copestake & Richard Williams, 2014. "Political-Economy Analysis, Aid Effectiveness and the Art of Development Management," Development Policy Review, Overseas Development Institute, vol. 32(1), pages 133-153, January.
    6. Bärnighausen, Till & Bloom, David E., 2009. ""Conditional scholarships" for HIV/AIDS health workers: Educating and retaining the workforce to provide antiretroviral treatment in sub-Saharan Africa," Social Science & Medicine, Elsevier, vol. 68(3), pages 544-551, February.
    7. Vasudha Chhotray, 2006. "Contrasting visions for aid and governance in the 21st century: the White House Millennium Challenge Account and DFID`s Drivers of Change," Economics Series Working Papers GPRG-WPS-062, University of Oxford, Department of Economics.
    8. Matthew Dornan, 2017. "How new is the ‘new’ conditionality? Recipient perspectives on aid, country ownership and policy reform," Development Policy Review, Overseas Development Institute, vol. 35, pages 46-63, July.
    9. Sonntag, Diana, 2012. "Rethinking aid for AIDS A public good approach," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62080, Verein für Socialpolitik / German Economic Association.
    10. David Fielding & George Mavrotas, 2005. "The Volatility of Aid," WIDER Working Paper Series DP2005-06, World Institute for Development Economic Research (UNU-WIDER).
    11. Mehadi Mamun & Mamun Billah, 2021. "Privatisation and Workers’ Compensation in Privatised State-Owned Enterprises in Bangladesh," Business Management and Strategy, Macrothink Institute, vol. 12(1), pages 16-28, June.
    12. Rune Hagen, 2012. "Certified or branded?," The Review of International Organizations, Springer, vol. 7(2), pages 203-230, June.
    13. Antonio Sianes & Luis A. Fernández-Portillo & Adela Toscano-Valle & Elena Pérez-Velasco, 2023. "Heterogeneity in financing for development strategies as a hindering factor to achieve a global agreement on the 2030 Agenda," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    14. Cassimon, Danny & Vaessen, Jos, 2007. "Theory, practice and potential of debt for development swaps in the Asian and Pacific region," Economic Systems, Elsevier, vol. 31(1), pages 12-34, March.
    15. Matthew Lockwood, 2013. "What Can Climate-Adaptation Policy in Sub-Saharan Africa Learn from Research on Governance and Politics?," Development Policy Review, Overseas Development Institute, vol. 31(6), pages 647-676, November.
    16. José Antonio Alonso & Carlos Garcimartín & Luis Rivas, 2011. "Taxes, Foreign Aid and Quality of Governance Institutions," Chapters, in: Mehmet Ugur & David Sunderland (ed.), Does Economic Governance Matter?, chapter 7, Edward Elgar Publishing.
    17. Benjamin Clark, 2013. "Multilateral, regional, and national determinants of policy adoption: the case of HIV/AIDS legislative action," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 58(2), pages 285-293, April.
    18. Paul Mosley, 2004. "Avoiding the elephant traps: a commentary on the International Finance Facility," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 879-886.
    19. Raghbendra Jha & T. Palanivel, 2007. "Resource Augmentation for Meeting the Millennium Development Goals in the Asia Pacific Region," ASARC Working Papers 2007-02, The Australian National University, Australia South Asia Research Centre.
    20. Wang, Yong & Duan, Yubin & Dou, Jiali, 2023. "Does resource-richness cause resources curse in financial market? A sustainable development overview for RCEP economies," Resources Policy, Elsevier, vol. 80(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:16:y:2004:i:6:p:887-895. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.