New from CGD

Aid and Growth in F&D

September 6, 2005

The September 2005 issue of Finance and Development, a quarterly magazine of the IMF published in five languages and widely read by developing world policy makers, includes two articles by CGD researchers.

In Aid and Growth, Steven Radelet, Michael Clemens, and Rikhil Bhavnani present new evidence that aid flows aimed at growth have produced results. The authors argue that policy discussions should not focus exclusively on determining the limits of aid on growth, but rather on how those limits can be expanded so that aid can be made more effective in supporting development. The article is based on a widely-cited CGD working paper by the same authors, Counting Chickens When They Hatch: the Short-Term Effect of Aid on Growth.

In a companion piece titled Aiding Development: Tracking the Flows, CGD's Bilal Siddiqi presents chart-based analysis of which rich countries give the most aid – and where the money goes.