The market for aid is changing. These days donors use a far greater array of instruments than in the past, and operate in a context of far larger private financial flows. Poor countries are growing richer, but there are legitimate doubts about whether the aid industry deserves credit....

This note considers the future of aid from the perspective of the 2005-2030 time frame. It offers a possible scenario for the future, with responses of the aid industry to falling numbers of people in absolute poverty and to the growing ability of poor countries to borrow from the market. A...

Critics of the aid industry have accused it of acting like a cartel (Easterly 2002). The accusation has some bite-globally the industry remains somewhat concentrated, and for the typical recipient country, highly concentrated. Yet the most striking fact about the industry is how relentlessly...