This paper argues that official development assistance (foreign aid) is partly responsible for the lack of structural … regulatory reforms. A new aid strategy, one that catalyses private investment in high value added sectors, is needed. Support for … strategic interventions to push non-traditional exports, support industrial agglomerations, build firm capabilities, and …

responsiveness of employment to growth. The role of development aid in this context is problematic. Across Africa more aid went to … countries with a low employment intensity of growth. The paper proposes a new approach to aid and poverty in Africa, one that …

, especially in Africa, the role of foreign aid in the future should be distinctly different. While aid will be required to … continue to fill the 'savings gap' in some small countries and land-locked countries, in most other countries aid can play a … the other 'BRIC', sovereign wealth funds and infrastructure funds. There are already examples of aid playing such a …