Book contents
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Chapter Eleven Recent Trends of Foreign Aid to Africa
- Chapter Twelve What Goals for Foreign Aid?
- Chapter Thirteen How to Channel AID for it to be Effective
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Chapter Thirteen - How to Channel AID for it to be Effective
from Part Four - Foreign Aid and African Economic Policy
Published online by Cambridge University Press: 05 October 2014
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Chapter Eleven Recent Trends of Foreign Aid to Africa
- Chapter Twelve What Goals for Foreign Aid?
- Chapter Thirteen How to Channel AID for it to be Effective
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Summary
“Today at Accra, we are leading the way, united in a common objective: to unlock the full potential of aid in achieving lasting development results.”
Accra Agenda for Action, Third High Level Forum on Aid Effectiveness, Accra, Ghana, September 3–4, 2008.Introduction
The effectiveness of aid – that is, the importance of its contribution to the implementation of the economic policy of recipient countries – does not only depend on the fact that it targets good goals, but also on the manner in which it is channeled – that is, placed at the disposal of beneficiaries. Improving the effectiveness of aid is one of the domains where donors have deployed the greatest efforts, at least in terms of commitments aimed at changing their practices in recent years. Thus, whether in academic milieus or aid-providing international financial organizations, reflecting on conditions of effectiveness of foreign aid has developed considerably. In academic milieus, this discussion has developed mainly in two directions. The first has chosen recipient countries as the subject of the investigation, and as such, seeks to give an account of the conditions in which the political and institutional environment of these countries could be explanatory factors of the effectiveness of aid. It is in this perspective that research by two World Bank economists, David Dollar and Aart Kray, who proved the importance of institutions and policies pursued by recipient countries for the effectiveness of aid, is situated.
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- Africa and Economic PolicySpeculation and Risk Management on the Fringes of Empire, pp. 217 - 236Publisher: Anthem PressPrint publication year: 2014