How much additional foreign aid will it take to prevent the global financial crisis from becoming an economic, social, political and human crisis in Africa?
La « randomisation » – ou application par répartition aléatoire – des programmes d’aide est actuellement considérée comme la « règle d’or » permettant d’évaluer l’impact de chaque projet et de trouver les schémas d’intervention les plus efficaces possible. Des études antérieures ont été critiquées en raison de leur portée limitée, c’est pourquoi des interventions plus récentes portent désormais sur de plus larges échantillons de population.
My friend, former colleague and one-time co-author Bill Easterly, in his inaugural blog post, takes issue with Bob Zoellick’s Op-Eds in the New York Times and the Financial Times on the need for more aid to poor countries in the wake of the global financial and economic crisis. Bill’s argument is that Bob is calling for more aid without specifyi
The impact of the financial crisis on Malawi has so far been limited. The financial sector is small and less sophisticated, with two (out of nine) commercial banks dominating the banking sector. Foreign direct and portfolio investment levels are very low. However, most commercial banks have reported difficulties accessing foreign credit lines. Furthermore, exchange rate movements in the west are having a negative impact on foreign aid inflows to Malawi.
As world leaders gather in Washington later this week to discuss coordinated solutions to the global financial crisis, the question of restructuring the international financial architecture, which has remained more or less what was decided at the Bretton Woods conference of 1944, has come up.
It's 11 p.m. and Barack Obama has just been elected President of the United States. I am thinking of what this historic election will mean for Africa. My colleague Bob Zoellick has already spoken of how the next U.S.
This question comes up frequently in discussions with policymakers, civil society and journalists. Two things need to happen for the crisis to lead to a significant reduction in foreign aid. First, the financial crisis has to lead to a major recession in donor countries. Second, the recession leads to such fiscal constraints that foreign aid is cut. Since the first is the subject of intense discussion among macroeconomists around the world (not all of whom agree) that a recession is inevitable, I loo