This paper presents stylised facts about development aid and capital flows to developing countries. It compares their volumes and volatilities and finds that foreign aid is not the major source of finance for these countries any more, though not for all regions. The expansion of private flows...

With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear...

This evaluation assesses the World Bank Group's contributions towards capital market development in client countries. It examines the activities the Bank Group has in all segments of capital market development, both in the public and private sectors, including interventions across 64 countries....