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

Author

Listed:
  • Andrew Mold

    (OECD)

  • Dilan Ölcer

    (OECD)

  • Annalisa Prizon

    (OECD)

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.

Suggested Citation

  • Andrew Mold & Dilan Ölcer & Annalisa Prizon, 2008. "The Fallout from the Financial Crisis (3): Will Aid Budgets Fall Victim to the Credit Crisis?," OECD Development Centre Policy Insights 85, OECD Publishing.
  • Handle: RePEc:oec:devaac:85-en
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    File URL: http://dx.doi.org/10.1787/228148833688
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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; New Evidence," 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.
    4. Dabla-Norris, Era & Minoiu, Camelia & Zanna, Luis-Felipe, 2015. "Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid," World Development, Elsevier, vol. 69(C), pages 44-61.

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