After Gleneagles

Daniel Cohen

11 citations0/0 files storedOECD Development Centre policy briefs

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International Development and Aid Global Financial Crisis and Policies Economic, financial, and policy analysis

Abstract

Suppose a DAC donor earmarks $1 billion of taxpayers’ money for official development assistance (ODA). The donor may use two instruments as an outright grant or in combination with a market loan to produce a concessional loan of $2 billion with a percentage grant element of 50 per cent. Many nowadays think the choice should be clear: provide grants only, leave loans to the market. The purpose of this Policy Brief is to qualify and inform this choice....

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References

2003Measuring the Natural Rate of Interest 2001Which Types of Capital Inflows Foster Developing‐Country Growth?2002Pure Contagion and Investors’ Shifting Risk Appetite: Analytical Issues and Empirical Evidence 2005Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation 2001Measuring the Natural Rate of Interest 2005Grants versus Loans for Development Banks 2007Attenuating through Aid the Vulnerability to Price Shocks 1983Lending versus giving: The economics of foreign assistance

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2010The Multilateral Donor Non-System: Towards Accountability and Efficient Role Assignment 2015Debt Sustainability in Low- Income Countries The Grants versus Loans Debate in a World without Crystal Balls *2015On measuring loan concessionality in Official Development Assistance 2008Banking on Development: Private Financial Actors and Donors in Developing Countries 2012Donaciones y créditos concesionales: impacto en el desarrollo

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