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A Farewell to Policy Conditionality?

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  • Andrew Mold

    (OECD)

  • Felix Zimmermann

    (OECD)

Abstract

The idea of local “ownership” of development policies is now popular among the donor community, but without a reduction of conditionality on aid disbursements, enhanced ownership will be difficult to achieve. While there are still strong reasons for attaching certain kinds of conditionality to aid, policy conditionality has been shown to be largely ineffective and often counterproductive. Donors insisting on policy conditions may in any case soon find themselves sidelined, as developing countries find alternative official and private sources of finance with fewer strings attached.

Suggested Citation

  • Andrew Mold & Felix Zimmermann, 2008. "A Farewell to Policy Conditionality?," OECD Development Centre Policy Insights 74, OECD Publishing.
  • Handle: RePEc:oec:devaac:74-en
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    File URL: http://dx.doi.org/10.1787/238354283445
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    1. Paul Cashin & C. John McCDermott, 2002. "The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability," IMF Staff Papers, Palgrave Macmillan, vol. 49(2), pages 1-2.
    2. Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178.
    3. Cuddington, John T., 1992. "Long-run trends in 26 primary commodity prices : A disaggregated look at the Prebisch-Singer hypothesis," Journal of Development Economics, Elsevier, vol. 39(2), pages 207-227, October.
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