Since the introduction of the HIPC Initiative in the early 2000s, indebted LICs had to show a decent governance performance before their debts were forgiven. We discuss the hypothesis that during the follow-up, Multilateral Debt Relief Initiative (MDRI), the World Bank has refrained from this...

Die Bundesrepublik Deutschland ist für viele Entwicklungsländer ein wichtiges Gläubigerland. In der Gruppe der "Highly Indebted Poor Countries" (HIPCs), einer von Weltbank und IWF klassifizierten Gruppe von 40 hoch verschuldeten und besonders armen Ländern, gehört die deutsche...

Despite hundreds of billions of dollars spent on foreign aid to sub-Saharan Africa, a sure path to growth and development has not yet been found - and each new heralded approach has crumbled amid regrets and recriminations. The authors of "Smart Aid for African Development" provide critical...