Oct 7, 2009
Until recently, most aid from rich to poor countries was transmitted through official bilateral and multilateral channels. However, the rapid growth in private development aid from foundations, charities, and philanthropic individuals raises a host of questions regarding the allocation of aid and its selectivity across recipient countries. Using data from private micro-lending institutions GlobalGiving and Kiva, authors Raj M. Desai and Homi Kharas analyze the lending preferences of private individuals in comparison to those of official aid agencies. Join us for a discussion of how private individuals donate to microcredit and grassroots projects, and how these aids flows are complementary to the goals of official development assistance. |
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