Author/Editor: Kurt Annen, Luc Moers.

Release Date: August, 2012

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be more...

Author/Editor: Jean-Louis Combes, Christian H Ebeke, Mireille Ntsama Etoundi, Thierry Yogo.

Release Date: March, 2012

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel more...

Author/Editor: Nkunde Mwase, Yongzheng Yang.

Release Date: March, 2012

Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding more...

Author/Editor: Driton Qehaja.

Release Date: March, 2012

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: more...

Author/Editor: Nkunde Mwase.

Release Date: November, 2011

BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of more...

Author/Editor: Maelan Le Goff, Kangni Kpodar.

Release Date: October, 2011

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper more...

Author/Editor: Yongzheng Yang, Robert Powell, Sanjeev Gupta.

Release Date: March, 2006

Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development more...