Why the proposed shift of aid from loans to grants should be accompanied by a strengthening of institutions in developing countries

Abstract

Development Goals, including cutting global poverty in half by 2015, donor countries have been called upon to allocate 0.7 percent of their GNP for official development assistance. But this raises the question of what form the aid should take—loans or grants? Scholars have argued, at least since the early 1960s, that recipient countries view loans as… (More)

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