Retooling Development Aid in the 21st Century: The Importance of Budget Support
Last Name: Fardoust
First and Other Names: Shahrokh, Stefan G. Koeberle, Moritz Piatti-Fünfkirchen, Lodewijk Smets, and Mark Sundberg
Summary:
Highlights the need to revisit the role of budget support in delivering aid in an uncertain world and changing international financial architecture
Examines how budget support has evolved from its controversial past, including debates over conditionality and unmet expectations
Provides extensive evidence on the effectiveness of budget support to deliver financing and support key economic reforms across a diverse set of countries
Draws lessons learned for budget support practice to strengthen its impact, and address critical challenges in supporting global public goods including addressing the effects of climate change, pandemics and fragility
Year of Publication: 2023
Publisher: Oxford University Press
Category: Economics
Language: English