he record of aid to fragile and poorly-performing states is the real test of aid effectiveness. Rich countries can justify aid to fragile states both through altruism and self-interest. But, with some exceptions, donors have appeared at the wrong times and with the wrong attitudes, even...

The paper discusses the International Finance Facility (IFF), a joint HM Treasury–DFID proposal to increase development aid substantially for the Millennium Development Goals to be achieved by 2015. The main conclusion of the paper is that the proposed IFF is a promising, forward-looking and...

This edited volume provides a critical evaluation of financing options for sustainable development in Africa. While sustainability has long been the watchword for development programs, and while many African countries have taken initiatives to develop integrated frameworks that tackle...

Securitization: Wonder Drug or Financial Alchemy? -- Mobilising Capital for the Poor - How Does Structured Finance Fit in Emerging Markets? -- The Role of Public and Private Investors for Structured Finance in Emerging Markets -- Structured Finance - Mobilising New Means to Attract Capital --...

Loans from international financial institutions (IFI loans) to China were a very important beginning to China’s opening to the outside world. This book represents the first comprehensive study done in China to evaluate the overall performance of IFI assistance to China from 1981 to 2002. It...

The Challenge: A Transnational Response to HIV/AIDS -- Profiling the Provision Status of Health-Promoting Public Goods Against AIDS -- International Transfers -- Regional Constraints and HIV/AIDS -- Summary and Concluding Remarks

This book is about the new capital adequacy framework - known as Basel II - approved by the Basel Committee in 2004. It aims to discuss Basel II implementation in different categories of developing countries, including emerging market economies, such as Brazil and low-income countries such as...

A positive chapter has begun in finance for poor countries. Yet progress remains tentative. This book looks at how to make international finance better serve the needs of poor countries and poor people. It contains contributions by economists and political scientists who have been at the centre...

Microfinance is a comprehensive analysis of the operational, managerial and financial aspects of microfinance. The text provides a contemporary analysis of microfinance business covering the risks, returns and management issues associated with such activity. It analyzes the main products and...

We analyse the aid portfolio of various bilateral and multilateral donors, testing whether they have prioritized aid in line with the Millennium Development Goals (MDGs). Employing Tobit models that combine sectorally disaggregated aid data with various indicators reflecting the situation of...