In their response to the global financial crisis, the international financial institutions (IFIs) have not only increased funds for shock financing, but have also significantly reformed their instruments. Nevertheless, some gaps remain. IFIs should consider the fact that most advanced low-income...

The Sachs Report is innovative in that it develops strategies designed to dynamize the economies of the poorest developing countries with ”investments to empower poor people”. It develops and points to approaches for ”pro-poor growth” policies. Yet international development policy would...

Developing countries will be severely affected by the financial crisis. Emerging economies are already suffering from capital outflows and a sudden credit stop. In many low-income countries the financial crisis is exacerbating the ongoing food price crisis, which has already had disastrous...

The development finance system is becoming increasingly complex. New actors and instruments are being created with enormous speed and ingenuity. Yet the multilateral development banks still account for a large share of the public resources used for development finance. Of these, the World Bank...

Der Sachs-Bericht ist innovativ, denn er entwickelt Strategien zur Dynamisierung der Ökonomien der ärmsten Entwicklungsländer mit „Investitionen in die armen Bevölkerungsschichten“. Er zeigt Ansätze für „pro-poor growth“-Politiken. Die internationale Entwicklungspolitik sollte...

Earmarking financial contributions for specific geographic, thematic or other priorities has emerged as an important modality for funding multilateral development organisations. Earmarking has had positive consequences, such as the mobilisation of resources for multilateral organisations and new...