Examines the policies and projects of the African Development Bank, addressing some basic questions—for example, has the bank in fact been an effective agent of development?—and also assessing the institution's ability to take on the emerging challenges on the development agenda

Introduction: a golden pendulum -- Context for credit : a setting at the source of the Nile -- Three faces of the loan : charity, usury-- and fantasy -- Plans and dreams : an integrated approach on paper -- Lenders and lineages : nepotism as loyalty -- Untying a package deal : borrowing green...

In 2021, the G20 committed to reallocate USD 100 billion of the International Monetary Fund's (IMF) recent allocation of Special Drawing Rights (SDRs) to low-income and vulnerable middle-income countries. However, most of these donations have been made to the IMF's Poverty Reduction and Growth...

This paper examines fungibility as a possible explanation for the "missing link" between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....