Introduction [or giving Latin America's majority a fair chance] -- A dozen equity tools -- Rule-based fiscal discipline -- Smoothing booms and busts -- Social safety nets that trigger automatically -- More taxes on the rich and better spending on the rest -- Giving small businesses a chance --...

We assess the dynamics behind the high net resource transfers of donors and creditors - IDA, bilaterals, IBRD, IMF and other multilateral creditors - to the countries of sub-Saharan Africa in the 1980s and 1990s. Analyzing a panel of 37 recipient countries over the years 1978-98, we find that...

The authors analyze the Washington Consensus, which at its original formulation reflected views not only from Washington, but also from Latin America. Tracing the life of the Consensus from a Latin American perspective in terms of evolving economic development paradigms, they document the...

El presente informe propone un nuevo contrato social, basado en el empleo y orientado a las aspiraciones de la vasta mayoría de la región, compuesta por personas de clase media cercanas a los niveles de pobreza, cuya participación es clave para lograr el crecimiento y fortalecimiento de la...

During the 1990s, the World Bank and several donor partners provided a “surge” in external aid to support Pakistan’s social sectors. Despite the millions of donor dollars spent, the program failed. Poverty was higher in Pakistan in 2004 than it was a decade earlier when the antipoverty...

Inclusive growth is widely embraced as the central economic goal for developing countries, but the concept is not well defined in the development economics literature. Since the early 1990s, the focus has been primarily on pro-poor growth, with the “poor” being people living on less than $1...

In this Paper we focus on the question: Will the HIPC debt reduction program 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...