This paper considers the rationale and possible modalities of a reform of "Stabex", the scheme set up by the Lomé Conventions to stabilize (agricultural) export proceeds. Such a reform could take place when the Convention between the ACP countries and the European Union is renewed. The problem...

For several years, the conditionality underpinning budgetary support to developing countries has been the object of severe criticism. This criticism has led to the belief that the “ownership of policies” by the recipient country governments is essential for the effective implementation of...

For several years, the conditionality underpinning budgetary support to developing countries has been the object of severe criticism. This criticism has led to the belief that the “ownership of policies” by the recipient country governments is essential for the effective implementation of...