• En matière de climat, les actions à réaliser en priorité devraient être celles qui offrent un rendement économique ou environnemental élevé par unité d’impact sur les gaz à effet de serre. • Souvent, une meilleure conception des politiques de l’énergie, des transports et de...

Il paraît évident de prime abord que la découverte d’un gisement de pétrole ou de cuivre est une très bonne nouvelle. Mais il arrive souvent que cette promesse tourne mal. La manne des ressources naturelles peut générer de la pauvreté, de la discorde, de la corruption, des...

À l’heure où beaucoup s’inquiètent du financement des Objectifs du Millénaire pour le développement (OMD), les engagements récemment pris par les pays donneurs d’augmenter le volume de l’aide arrivent à point nommé. À elle seule, l’aide ne sera cependant pas suffisante : il...

Over the last five years, most Latin American governments have made considerable strides in managing the composition of their public debt, while reducing their foreign-currency exposure. Issuing public debt in local currency is not new for Latin America; what is new, however, is the widespread...

The idea of local “ownership” of development policies is now popular among the donor community, but without a reduction of conditionality on aid disbursements, enhanced ownership will be difficult to achieve. While there are still strong reasons for attaching certain kinds of conditionality...

The “raw materials curse” is far from being an inevitability, as shown by Norway and Chile. Both examples offer valuable lessons to developing countries on how to sensibly manage mining and oil resources. Following Norway’s example, Chile could build upon its experience and become a key...

Financial actors from developing countries are playing with other OECD financial giants as equals through their Sovereign Wealth Funds (SWFs). SWFs could become major actors of development finance if they chose to allocate 10 per cent of their portfolio to emerging and developing economies over...

“Ownership” makes aid work better when recipients can choose between policy options. Governments need to encourage home-grown development strategies and free local policy debates. Policy conditions on aid don’t work.

Donors, aid agencies and recipient governments are having a hard time implementing their promises on aid. Options based on a better understanding of their diverse priorities would help make the aid system more effective. Policy makers pursuing poverty reduction and other development goals should...

During the 1990s and the 2000s a variety of crises affected the stability of international capital markets: from the European Monetary System crisis in 1992-93 and the emerging market crises to today’s financial crisis have been present in the arenas of capital markets. These crises stimulated...