New actors and instruments have increased the complexity of the international development-finance architecture Efficient aid delivery confronts challenges: multilateral duplication, mission creep and loss of leverage. Specific measures of multilaterals’ contributions to the MDGs could promote...

During the 1990s and the 2000s a variety of crises affected the stability of international capital markets: from the European Monetary System crisis in 1992-93 and the emerging market crises to today’s financial crisis have been present in the arenas of capital markets. These crises stimulated...

Foreign aid flows disproportionately to the poorest among the developing countries. Countries that account for the poorest fifth of world’s population receive more than a fifth of aid spending from OECD countries. Similarly, the benefits of trade flow likewise to more prosperous countries: the...

The Democratic Banker (03/2007) (Other Languages : FR / ES) Policy Insights No.38 by Javier Santiso Banks contribute not only to the economic development of emerging countries but also to political development. International bank flows in an emerging country tend to grow during the three years...

China helps growth and debt sustainability in Africa through debt relief, infrastructure investment and higher exports. China and other emerging lenders should engage in a debt transparency initiative that considers such growth effects. This will encourage emerging lenders to co-operate with the...

China's growing influence on Africa and on Latin America has, to some extent, overshadowed the rise of another emerging market giant in the East: India. This other Asian emerging presence is also symbolic of the rapid redesigning of the global economic map. Europe, Japan and the United States...

African countries face high youth unemployment and a skills shortage. Technical and vocational systems in Africa are poorly funded and managed. Skill-development strategies need to be integrated into poverty-reduction strategies and focused on sectors with promising employment prospects.

Thirty-eight sub-Saharan African countries have implemented privatisations programmes. The privatisation process is still far from complete and has led to mixed results. The lessons learned from past privatisations allow the identification of elements that could contribute to future success.

Latin America has not neglected fiscal policy. Since the end of the debt crisis of the 1980s, governments in the region have tightened their belts assiduously. Fiscal deficits have fallen from 11 per cent of public revenues in the 1970s and 1980s, to only 8 per cent since 2000. The year-to-year...

More and better data are needed to monitor and evaluate the impact of vocational training on economic growth and poverty reduction. Labour market observatories can help align training systems to labour market needs. Analysis of youth unemployment is essential before investing in expensive...