China’s provision of development finance to other countries is sizable but reliable information is scarce. We introduce a new open source methodology for collecting project-level development finance information and create a database of Chinese official finance to Africa from 2000 - 2011. We...

This paper aims to examine the dynamics that lie behind Sino-Africa relations through trade and investment channels and provides a comprehensive understanding on the determinants and interactions of these two modalities of cooperation in the Sino-African case. The paper further identifies if the...

Die meisten afrikanischen Länder laufen Gefahr, die Millennium Development Goals weit zu verfehlen. Die Vereinten Nationen fordern deshalb, die Entwicklungshilfe massiv aufzustocken, und der Afrika-Aktionsplan der G8 verspricht eine Konzentration der Hilfe auf Afrika. Vor diesem Hintergrund...

We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium model, we show that simple monetary rules that...

This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the central bank controls absorption through monetary policy...

In this paper we focus on the question: will the HIPC debt reduction programme help in the transformation of the development assistance business and change the rules of the ‘debt game’ in Africa? We concentrate on the donor and official creditor side, by exploring how the growing debt of...

An almost accidental by-product of the enhanced HIPC initiative, the process of producing poverty reduction strategy papers represents at least potentially a non-trivial change in the way international finance interacts with poverty reduction efforts at the national level. This paper reports the...

This paper attempts to answer the following question: If the HIPC Initiative is fully successful and managed to write-off all debt that is owed by Africa, will the debt problem be over? The answer is ‘no’. This pessimist answer is arrived at by examining the historical origin of African debt...

Im Januar 2017 stellte Bundesminister Dr. Gerd Müller die Eckpunkte für den Marshallplan mit Afrika vor. Statt weiter Geld nach dem Gießkannenprinzip zu verteilen, soll zukünftig der Aufbau stabiler Wirtschaftsstrukturen gezielt gefördert und die Eigenverantwortung der Regierungen gestärkt...