The Millennium Development Goals (MDGs) have lofty expectations regarding the impact of official development aid. Are these expectations valid? This paper surveys the literature on aid and growth. It finds that practically all aid studies since the late 1990s conclude that aid increases economic...

Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper...

How can the Millennium Development Goals (MDGs) be made a reality by 2015? If the MDGs are to halve global poverty and significantly improve conditions for the world's poor on schedule, it is essential to put the requisite funding in place. This is an up-to-date overview of the funding proposals...