As aid diminishes in importance, donors need a capacity that enables governments to improve the quality of their public … modalities of public spending, alongside the volume of aid. With an additional instrument donors can escape the dilemma of having … more objectives than instruments. How aid is spent may become more important than how much of it is spent. -- aid ; public …

do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile …

As aid diminishes in importance, donors need a capacity that enables governments to improve the quality of their public … modalities of public spending, alongside the volume of aid. With an additional instrument donors can escape the dilemma of having … more objectives than instruments. How aid is spent may become more important than how much of it is spent. …

picture? More effective development aid could greatly improve poverty reduction in the areas where poverty reduction is … the countries themselves. Collier and Dollar develop a model of efficient aid in which the total volume of aid is … endogenous. In particular, aid flows respond to policy improvements that create a better environment for poverty reduction and …