1999 wurde die sogenannte HIPC-Initiative zugunsten der ärmeren Länder, von der Weltbank und dem IWF 1996 ins Leben gerufen, erheblich erweitert. Die Initiative zielt darauf ab, die Bekämpfung der Armut ins Zentrum der internationalen Entwicklungszusammenarbeit und der nationalen...

The Monterrey Consensus agreed at the UN summit on Financing for Development in 2002 promised a breakthrough in terms of donor generosity, aid effectiveness and new means of financing. However, the development orientation of world leaders proved to be short-lived. This is even though our...

Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...