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Does Aid Work? - for the MDGs

Ignacio Hernandez's picture

The October issue of the International Poverty Centre's journal Poverty in Focus is out.


With the title Does Aid Work? - for the MDGs, it "presents 12 articles summarising some of the most important recent research results and commentaries on the effectiveness of international development cooperation—aid for short—against the background of high-level promises of rapidly increasing aid, including policy conclusions and recommendations for enhancing the impact of aid on the Millennium Development Goals (MDGs)."


Featured articles:

- Effective Aid Requires New Structures, by Roger Riddell 
- Target the MDGs—Not Aid Amounts, by Stephen Browne
- Do No Harm: Aid and the Missing Middle in Africa,  by Nancy Birdsall 
- Aid Does Work, but Beware of Great Expectations, by Finn Tarp 
- Aid Allocation and the MDGs, by Edward Anderson
- Aid Works Best in Vulnerable Countries, by Patrick Guillaumont 
- Sectoral Aid Priorities: Missing MDG Targets?, by Rainer Thiele, Peter Nunnenkamp and Axel Dreher 
- The IMF and Spending for the MDGs, by David Goldsbrough and Ben Elberger
- Aid and Dutch Disease: Nothing to Fear but Fear Itself?, by John Serieux 
- Use Aid for Investing in the MDGs—Not for Reserves and Debts, by Terry McKinley 
- Grants versus Loans—Post Debt Crisis Redux, by Pierre Jacquet.
- We’re working on it: Development Partners’ Efforts for Effective Aid, by Jan Cedergren


From the Desk of Dr. Sidney Okolo… One sees the good intention in aiding and helping African countries, but sorry to emphasis that in most of these countries, no one economic theory is sufficient. The application approach requires "all things being equal" in order to work perfectly. In most of these developing countries, all things are not equal due to bribery and corruption that are always added to the equation. So, added words such as “third party collateralization” need to be included in the equation in order to limit or reduce bribery and corruption. “Third party collateralization” represents independent model or theory developer. It may be mandatory for countries wishing to obtain loan or fund to use it as collateral to ensure a successful completion of the expected project. The theory or model developer may be responsible for providing and implementing achievable projects, while under the supervision of World Bank representatives. If World Bank is interested in accomplishing projects for which funds are allocated in Africa, then it is appropriate that it sees to it that funds are distributed or lent accordingly. It is also irresponsible for World Bank to lend funds to these developing countries only to see incomplete and unachievable projects, and in turn leave them in huge debt that will further sink them in dipper hole. Most leaders in developing countries may reject this idea because it shuts off any room for embezzlement, venality, and waste, which is their main intent in applying for the loan or funds in the first place. In the end, the poor will be poorer, while the rich is richer. Dr. Sidney Okolo

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